AbleForex answers:

I’m not sure how you interpret what you mean when you say that you are going to make a guarenteed profit. How are you making a profit when you buy right before expiration? You leverage up with a margin account but if the price does not go up by expiration you are not going to make a profit (regardless of delivery charges or market timing).

There is not guarenteed profit that way otherwise other people who can take delivery would be doing it all the time!

AbleForex answers:

As a 10+ year Forex trader, here is how I trade to make money…

If you want, you can also follow these steps. I’ve dumbed it down to the easiest, yet safest way to win in the Forex.

1) Open a live account at http://www.bmfn.com.au
2) Select AAAFx broker, and open MICRO account with 200:1 leverage.
3) Deposit at least $300 in your account to start.
4) “Add to Portfolio” the top 20 strategies at http://www.bmfn.com.au
5) Don’t add any strategy that makes less than 10 average pips per trade.
6) …when adding strategies, set maximum number of trades to 5, and…
7) …select lot size of 0.1 “mini” lots for each $1000 in your account.
It will trade automatically, following all those top 20 strategies.
9) Then sit back, relax and take a vacation as you make easy Forex money.

AbleForex answers:

I would suggest you stay away from anything that is sold on clickbank that relates to forex. I have tried some of these things that promise to make you thousands just by turning on your computer.

They all turned out to be pieces of garbage. I don’t even want to add up what they all cost my in losses and what I paid for them. The best education you can get is on your own.

Visit some forums and other sites and learn about it before you put your hard earned money at risk.

There are good systems out there that actually do what they say they are going to do. I also suggest trying everything out on a demo account first so that you can see what you are getting into.

I tried to learn on the fly and it ended up costing me money and a lot of stress. Always work the kinks out before you go live with the trading. It makes life much easier.

AbleForex answers:

There is no ‘formula’, but pricing is dependant upon the many things that affect the price of that item on a day to basis, irrespective of a forward contract. In your example, it would depend on the the currency being traded, economic stability of the issuing country, how far out the delivery date is, etc.

Read here for more:

http://en.wikipedia.org/wiki/Forward_contract

AbleForex answers:

If you need access to real time charts, DailyFX has 6 free charts available http://www.dailyfx.com/charts/

The Marketscope chart listed on the page is the chart available inside FXCM’s FX Trading Station II platform.

AbleForex answers:

I’ve posted this before, but I think this applies here.

Choosing a great trading platform is an important step in Forex Trading. A good one should offer the following:

Easy to Use
The software you use should be easy to understand and it shouldn’t take a long time work-You should be able to trade right away. If it’s too complicated to even start, how will you be able to use it to trade regularly!?

Real Time Quotes
Because Forex Trading is done 24 hours a day, and you need to have live quotes. Live quotes give you control of your money and you can check on it whenever.

Trading Rates
The software should have a freeze option when you decide to buy or sell.

Your Part
Do not be greedy! Before you start, figure out how much money you want to invest, and stick to it-Do Not Go Over!
Trading is not a ‘get rich quick’ deal. Just like starting any new job, trading takes time to learn and involves risk and loss, but can potentially be a great source of income-once it’s mastered.

I would recommend:

http://www.bmfn.com.au

AbleForex answers:

“Tight spreads” are certainly a consideration, but not the primary one. It’s like “stock” brokers, they’re all pretty much the same.

What you should be concentrating on are the resources that will make you money. You want the best trading platform, best executions, best help money can buy. If you can make money trading, the spreads aren’t going to matter. I would gladly pay double the spread if I can make twice as much money.

Don’t do this on the cheap. If you can’t afford the spread, don’t trade. This is typical of a novice; asking all the wrong questions.

Like any vocation, it takes hard work, lots of study, and the testing of your theories, learning what makes you tick, learning your own particular time and stress levels, and fighting the emotions of fear, greed, and loss of hope.

Most traders spend their entire time looking for the Holy Grail of indicators. Your success or failure lies within you, not some indicator, or how tight the spreads are or how cheaply it can be done.

If you have $3,000 for the trading software, PremiereTrade is a great place to start because of all of the training sessions, Message Board, Live Trader Commentary, chat rooms and the ability to actually talk to their traders. I’ve never seen these kinds of resources elsewhere.

You want to give yourself the best chance of success, not hog tie yourself to some cheap, limited, and disadvantaged setup. Do yourself a favor and put the odds in your favor.

http://www.bmfn.com.au

Http://www.premieretradeai.com/

http://www.forextv.com/FT/Video.jsp?channel=41

http://umgarticles.atspace.com/forex-trading.htm

http://www.fxstreet.com/rates-charts/usdollar-index/

http://forex.tradingcharts.com/

http://www.dailyfx.com

http://www.forexbastards.com

http://www.forex-options.com/

http://4xcampus.com/

AbleForex answers:

I would recommend using Boston Merchant Financial Pty Ltd.   You can greatly benefit form their live, one-on-one help by having to use local calls or even simply visit their office. They offer trading for the pairs you mentioned with low and competitive spreads. In fact if you are a frequent trader dealing in larger volumes, you can even negotiate personally, if you wish, for your special trading terms.

AbleForex answers:

Purchased at 30$
excise value = 29$
deviation
1$
varance …0.09
% .09 x 100 …= 9
from 30 to 21$