Forex Digest

I'm not looking for the traditional stock quotes website where the user types in a symbol and gets a quote. I want a website that offers an API (application programming interface) that a programmer can use to integrate stock/future/option/forex quotes into an application he is building. If it's not a free service then price will be a consideration.

CMSFX has an API FOREX!

2006-07-20 11:30:50 by blue_prince_of_dallas

Profits Run(part 2) www.profitsrun.com Profits Run - Stock, Forex, Futures, Options Trading Methods. GET ONLY THE BEST STOCKS. How to get profits ...

The websites that their news affects on prices in stocks and forex.
name 2 or 3.

Here is a short list of websites I regularly frequent when researching a forex trade:
http://www.reuters.com/ (the latest in general news)
http://finance.yahoo.com/ (good for charts)
http://www.bloomberg.com/ (the best in financial news)
http://www.federalreserve.gov (if you want to keep abreast on what the Fed is thinking and to read their documents)
http://wikipedia.org (read up on countries, their currencies and other financial terms)
Forex forums to look at are:
www.forexfactory.com and www.trade2win.com

2008-03-15 14:41:26 by fumani55

I want to know your opinion on which 2 types of trading you are most likely to win at if you trade, either Forex or stock trading? Which is most likely to give you better returns and make you richer quicker?

First, take 6 months in learning about stocks and trying it out with fake money in a stimulation web site like Yahoo! Finance.

www.finance.yahoo.com

The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody's got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.

That's the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won't lose money. It's just that these stocks are the best. They pay good dividends too.



If you're new to stocks, DON'T DAY TRADE. You'll a rookie in a world of professionals. I tried day-trading with Citigroup and AIG when they were a little bit over $1. I had some luck at first, making about $30 a day but I was way over my head. My luck didn't last long and I had to rethink my strategy.

Besides you can't do much with $100 in the market. Day trading involves A LOT of commissions to the broker. With all the commissions deducted from each trade, you'll be lucky if you only lose half your money.

I would just day trade using Yahoo! Finance. Open a stimulation account, give yourself $100 worth of fake money and play it in the stimulation format. You'll see what I mean by losing money every easily.

Good luck.

2009-08-06 11:54:22 by William M

i want to know which site allows to download the Fx trading software, foreign Currency Exchange Software, Stock Trading Software, Online currency trading software, free Forex Strategy Builder software, forex trading software.
I need to know few more good,popular & best Forex software,trading software and from where i can Download the software instantly and begin using it.

Downloading free system are just for demo account. You cannot actually trade there. I feel this is not a correct step of starting trading. software doesn't help in earning good returns.Have a good understanding of the function of the market in general and those that keep the market operational. Understand, not only the market you are trading in, put be aware of all the products and services that you can upon if needed. Understand the basics of trading such as never trade against the trend, limit any & all loses by using stop orders and lock in any and all gains with sliding stops. First, you should know that Forex is not that easy. Do not believe those who may say it is!

Now, there are some good robots that MAY help you. Some are scam. Others are for real.

Simply put, a Forex robot is a program that attempts to take the guess work out of trading currencies. Currently there is a lot of information floating around the internet about these products. Like any other tool, it needs to be used properly in order to be most effective.

Like I hinted, in order to use this tool the right way you need to understand a little bit about how it works and where it is best applied.

A Forex robot is a computer or computer program that monitors currencies and does calculations to figure out the best time to buy and sell. These programs help to take some of the guess work out of buying and selling and can help a trader to identify currencies that meet certain criteria, or when certain currencies perform in certain a way. Most of the selling points of Forex robots state that you can simply set them and watch the cash come pouring in. While in some cases this may work, in most cases you are going to need to carefully monitor the program and make sure that it is adjusting to trends in the market. While they can be very profitable they may require a certain amount of intervention to be run effectively. Used properly, and if you have the patience to get to know the programs, they become a powerful tool.

For this automatic approach, forex auto pilot turbo has worked wonders for me: http://fapturboxreview.blogspot.com/ . It offers, among other features, high spread protection system and automated risk scaling. They say "95% winner". Well, only the bottom line counts. In this regard, it has really delivered for me.

I had been watching the forex robot market for months, waiting for the right software to come out. I believe I have found a great one.

Really, get the fundamentals first. Then get your own system and test it offline (do that for weeks, if not months, until your system is well tested), whether you use a robot or not. It really takes a few months - a lot of patience and resilience. But if you are made for it, it is worth it. Read about the psychology of trading (never to underestimate). And then you should be fine.

2009-05-11 09:01:01 by Nathen

I saw a lot of business on line by auto trade system, everyone can do the same?
as you said NFA may terminated, Will it be more easier be approved by foreign government if I don't have financial background? which country(ies) someone knows that?

In order to run/operate as a Forex dealer whether on-line or off-line, one is required to register with the industry regulator, the National Futures Association (NFA).

How to register w/ NFA
http://www.nfa.futures.org/NFA-registrat ion/index.html

Annual NFA registration and regulator fees, membership and dues
http://www.nfa.futures.org/NFA-registrat ion/NFA-membership-and-dues.HTML

Contact/ questions for NFA
http://www.nfa.futures.org/NFA-about-nfa /contact-us.html

Not just anyone can do this. If you have no experience in being a prior or current registered principle in this area, or have significant experience, or meet capital requirements, it will be extremely challenging to register w/ the NFA.

One is advised to seek legal council with expertise in this area through this entire process and ongoing compliance.

2009-10-01 00:11:32 by em4e