AbleForex.com

How do I start currency trading?

How much should I start of with?
What Kind of news should I look out for?

forex trading charts?

I am looking for some free software. Like you see on tv displaying all the stock market/forex trading figures. e.g. red and green values flashing all the time. Usually with people around shouting buy buy, sell sell kind of thing.

In your opinion what is a better way to trade currencies for a living; spot-forex or currency options? Also…?

I am 18 years old and I have been practicing spot-forex trading for several months now with FX Club and I am quite good at it and have learned a lot about currency trading from my demo account and some books and internet article sites on currency & options trading. Its become my passion actually.

I also know something that actually is a secret to FX trading success; the trends are usually long term, lasting from several months to several years meaning you are best to trade for the long term on currency pairs to enjoy the ride of making money. You can’t do this with spot-FX because you are trading on margin and if a trading position is left open too long, you will be wiped out within so long.

What I would like to know is if currency options trading is a good way to trade currency by simple vanilla call & put options as I know that spot-FX is essentially a mugs game? Also is there anybody out there who trades currency options for a living at all? Also, what is an easy to use currency options trading brokerage that can be used by a UK based investor? Please help advise. Thanks.

P.S. Sorry my question is too long.

Is it possible to make a good living trading Forex?

I am nearly 18, and I have a very strong interest in Forex trading. I have a practice account with FX Express and have discovered some interesting things and techniques that I’ve discovered myself on how to make money.

I’ve developed my own strategy that works everytime I trade so far, and I’m making 10% compounded everyday I place a trade. in fact I want it to be my career. I will open up a live account with real money as soon as I turn aged 18 with maybe a couple of hundred. The only problem is that my mum and step-dad say “You’ll never make a living out of it”, or “You’ll lose all your money.” What I’d like to know is if its actually possible to make a decent living out of Forex trading and do you or anyone you know currently do this as a day trader. I’d like to prove them wrong.

Buying futures on margin and demanding delivery?

I guess I am missing something, but if this is possible, the only risk remains the market risk – which is not quite a “risk”, considering this case.
What do I mean is this:

Take long position while on performance bond(margin). Do this about a few minutes until the expiration date or hedge, so that to eliminate the market risk(price movements). When the contract comes into power and your long position is open – then demand a physical delivery of the goods. It’s obvious from that point that if for example you have bought in margin 10:1 your profit is more than obvious.
I was thinking for similar case about traditional stocks, CFD, options, spots, swaps – but among such instruments “margin” is always a credit, and not a “deposit on good faith”.
Another thing I noticed is that 90% of the brokers don’t engage into physical delivery. Which means that even if my point is right, then one should find a serious futures broker( or pay 500k for membership at CBOT(Nymex) + all the bureaucracy).
Also, I am not sure if the clearing house will allow you to hedge in case when you intent to keep your position + I am not sure if they won’t require some ridiculous proofs that you are ready to handle the delivery(i.e. pay insurance + storage fee).
But in all honesty, I don’t care of physical goods, buying gold/fx futures will be fine. After all, for 2 years studying economics the only thing I have learned is that the only goal of the trader must be: making money, no matter if the party loses everything(…a more fun note for the weekend – though I am 100% serious saying this .

Well, I am even not intending to keep the question open for long time if there is some truth in it…but…

Thanks

Forex intraday Trading; Does anyone care to share his/her forex strategy that is working well in todays clima?

climate? I would like something you can trade on an hourly or ess time frame.

How Can I Get Reliable Forex Signals Providers?

I will like to know how i can get relaible forex trading signals?
I’ve been scammed by many of the so called gurus in this field.

Does anyone use FXCM Micro as their forex broker?

I have 2 questions. Is anyone using FXCM Micro and is anyone making a living from trading micro lots ie: are you able to make weekly or monthly withdrawals? Their margin is attractive and would love to get to 250k multiple (currently at 10k) Any thoughts on FXCM Micro would be appreciated. Thanks

What’s the best way to manage risk capitol in the Foreign Exchange market?

A little more detail.

I’ve traded – unsuccessfully – in the stock market for a strong while. After nearly two years of trading, I was down about 17% over the period (a margin account with 25 to 50 per cent leverage, by SEC regulations). There were a couple of really good times, but there were more times were I couldn’t help pulling my short, irregular hair out.

I decided that the commodities markets were a little too, well, newsy for me and I backed off for about 3 months. Now, I’ve delegated the remaining capitol to the currency exchange markets for all of the obvious reasons. I find that these markets play to the news that everyone hears. Japan’s earthquakes, the U.S. QE2 announcement, Portugal’s undergoing: These things we here on the radio. And the market moves quickly; much faster than any security, and worse still with, say, 50 to 1 leverage.

Now, I’ve read books. Following Market Wizards is probably by far the easiest way to stand on the shoulders of giants. In specifically this example, there are a couple of interviews where Ph.D level mathematicians, scholars, ex-military and the most successful of traders alike disagree on the subject of how much risk is too much risk.

A no-tolerance hundred-millionaire says to stuff emotion and make everything a 1% bet, setting stops at 1%, trailing stops at 1%, and taking at 1%.

A mathematician says that, based on linear curve, the best bet is a 2% risk, because, after such risk, reward becomes the underweight.

Most MT4 experts with risk built into them seem to prefer 2.5%.

My question is: If you’re a trader that follows these people and methods, and simply the best risk strategy must be betting between 0.5% and 3%, then of what are you betting a percent? Each point? Account equity? Balance? Margin?

Any advice for a forex beginner?

Where is a good place (website or book) to start to learn about forex trading? With strategies appropriate for beginners included? I have a practice account. But I am getting too many sites to sift through with a general websearch to learn how to do it well. Thanks…