Your Questions About Successful Trading Forex

Ruth asks…

Where can I find capital to fund my Forex automated trading software?

I have a successful trading program with a couple more in development and testing. I lack the capital to fund them and make a living off of it though. Does anyone know people or places to find capital for day traders? I know people who do it for poker players but I have something far more successful and far less risky.
I wanted to add that this is not a scam. I have dealt with forex for many years and create this with help from many senior forex traders. I know the forex market and I’m not asking about that or about automated software or scams. I have clear knowledge about them all. I am asking about capital.

John answers:

The best thing you can do is download the free guide that reveals exactly what is a scam and what isn’t in forex at http://www.fxsystemscompared.com

It’s free and gives you plenty of really good information that WILL help you avoid any scams (and there are a LOT believe me).

Hope this helps

Joseph asks…

where can i see the common chart indicators free of charge ??( for forex trading)?

i am a beginner in forex trading and would like to know most popular set of indicatores that are used by the successful traders??

John answers:

Forex made easy is a simple and productive tool… You can also utilize the MACD on just about any platform… Depending upon how much you trade I would suggest Oanda as the best beginner platform.

Betty asks…

What’s with the sudden explosion in forex trading?

It seems to me I can’t visit a finance related site without seeing something about forex trading to the point that I see ads for $250 “mini accounts.” It seems to me that trading currencies is exceedingly risky and only for the very sophisticated investor. I trade in options but I moved into that from equity investing. At least in that area I can still look at fundamental corporate performance and detailed economic forecasts to research my options activity. In the world of currencies, however, no such audited, published information exists. While I am sure there are huge amounts of money to be made, it seems as though the average investor has less chance of being successful in the long term with forex than even options trading. Are people just being drawn in to forex like all the late night “Flip this house” infomercials?

John answers:

You are correct that Forex trading is “exceedingly risky.”

I would not argue that there is a sudden interest in Forex trading. There are lots of people who are spamming 3rd party links in effort to make money for getting other to click on those links.

Some inexperienced traders and investors think, $250 is not much of a dollar risk, so they try it and they lose it all.

When trading currencies, one is trading against world governments, their own treasury system to protect their currency from market manipulation, and public corporations who are hedging sales in foreign lands where they have a potential currency exchange risk.

These huge entities can move the market. For an individual with $250 is subject to the whims of the market. 99% of the time, I would argue these amateurs are guessing whether or not they are on the right side of the trade.

In the market 20 years, and don’t trade currencies. However have traded ETF’s that track currencies such as UUP.

Ken asks…

Forex trading sotfware?

Has anyone ever used the Permaire trade or 4xmadeeasy sotfware for the forex market. if so how successful was it?

John answers:

I have had a number of unsuccessful 4Xmadeeasy clients work with me to explore alternative strategies for investing in the Forex market with no need for expensive software or monthly expenses for data feeds.

Most of them are still kicking themselves for spending well over $3000.

Paul

Susan asks…

What are the Best Forex Trading Methods available?

Hello everyone.

I am a full-time trader and make a living trading the market. I believe that continuous interest in learning and improving ones own skills is vital to survive the market.

I am on a kind of a quest to see which methods newbies, part-time and full-time traders use to profit form the market. That will be a great may for future readers of this post to learn some successful methods that they may be able to use in the forex market

I use a very simple method taught to me by a very successful trader. Ive called it the “Daily Reversal Method”. It uses the daily limit a currency can move in any given day. This is one of the simplest and most accurate method i have used so far as it takes into account true market conditions etc…

If you want to learn more about this “Daily Revesal Method” , you may do so through the following link www.forextrading-domain.com/daily-signals.html

Again all your input will be greatly helpful. Looking forward to see what kind of trading works best for you
Ash Naeck
www.forextrading-domain.com

John answers:

The best forex trading method is

Fast Moving Averages Crossover

* rading systems based on fast moving averages are quite easy to follow. Let’s take a look at this simple system.

Currency pairs: Any

Time frame chart: 1 hour or 15 minute chart.

Indicators: 10 EMA, 25 EMA, 50 EMA.

Entry rules: When 10 EMA goes through 25 EMA and continues through 50 EMA, BUY/SELL in the direction of 10 EMA once it clearly makes it through 50 EMA. (Just wait for the current price bar to close on the opposite site of 50 EMA. This waiting helps to avoid false signals).

Exit rules:
Option1: Exit when 10 EMA crosses 25 EMA again.
Option2: Exit when 10 EMA returns and touches 50 EMA
(again it is suggested to wait until the current price bar after so called “touch” has been closed on the opposite side of 50 EMA).

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