Forex Digest

I just started trading Forex pairs and I need to be able to collect price data for the last 10 time periods (hours, days or weeks) so that I can input this information into my trading platform to give me an idea on where the price of the currency pair will move next.

Can anyone tell me how to get this info into my yahoo finance page so that it updates with the movement of the currency pairs?

Any suggestions will be greatly appreciated.

Thanks in advance!!

Patrick

Hi Patrick,

I haven't seen a solution to capturing and recording actual prices for the past X time periods. You can dowload the data from piptrader.com.

A better solution might be to have a programmer crank out an EA for you that would do that for you. (I am surprised that the solution that you are using didn't think of that as part of their application rather than request you to enter 10 sets of data into a calculator).

I pretty much accomplish the same thing by simply monitoring a couple of moving averages and watching for them to to cross and both maintain a steep angle. This indicates the possible beginning of a reversal.

I would be happy to send you a summary of the moving averages that I use and how I use them. It might be interesting to compare this to the signal that you are getting from your K-F calculator......and it is free.

Paul

2007-10-13 15:36:53 by Joelmont75

AutoForex.BestReviewed.Net - If you're looking to invest some money in forex in an automated and intelligent way - here's the program that ...

I am 18 years old and I am considering trading currencies as a home based business. I've had practice with ordinary spot forex and find it okay. I want to know what is better if I was to trade ordinary spot forex or currency options? Which is better, and which has the best chance of you becoming successful and becoming a millionaire out of?

Currencies tend to trend long term and be volatile in the short term.

Have a look at this chart from finviz & see if you agree.

http://www.finviz.com/forex_charts.ashx? t=ALL&tf=w1

I only trade currencies using long term call options. Why?

1. I have a known level of exposure (I can't loose any more than I put in)

2. I feel its lower risk, as I am trend trading - trends can also revert.

3. It is definitely lower risk than spot trading, as I am not trading on margin - I can still loose everything though.

4. I've had a few friends take up currency trading (spot), do quite well for a bit then have a bad run, only one out of 6 is still in the game.

5. It suits my personality. If you can handle the swings, spot trading might be the thing for you.

Open up a demo account and see how you go.

Give your self time to learn before putting your own money down - once its gone, its gone.

2009-10-07 05:23:18 by William M

As with any investment, I understand there are risks. However, I am seriously considering taking the online training course offered by Forex on Currency Trading. It seems too easy to make money and I believe there must a catch. I'm only going to invest what I can afford to LOSE! But I would love to hear from someone already trading or have traded!

Congratulations, you have already seperated yourself from the masses by realizing that there is risk associated with and marketspace that has the potential for superior profits.

It is much easier to lose money than it is to make money in the Forex market.

Fortunately there are conservative strategies that can be employed that reduce risks and can generate attractive returns.

Paul

2007-08-22 03:10:44 by bannabeauty

Looking for a unique (even experimental) system for forex and currency fx trading that works seamlessly with Metatrader 4. Interested in your own recommendations and tools that work at the beginner / intermediate level.

I use Forex Tracer for currency fx trading. It works with Metatrader 4 and is pretty good for someone who understands the basics of how forex markets work.

It's excellent at mining forex markets in real time and bringing back profitable spreads on currency exchanges. For an automated forex cash system, it's a goldmine for traders at the beginner to intermediate level. The ease of use is legendary.

2008-06-05 21:53:27 by Leo

I want to start trading in forex. Please give me all necessary guidance.

the first and foremost requirement in forex trading is "educate yourself". never ever dare jump into it without even the basic knowledge. it would be like throwing away your money for nothing. get into this site. they've got lots of basic information about forex trading. start by downloading a free ebook and a free demo account as well. later when you feel like you have learned the basics you can open at least a mini account so they will provide you a personal mentor. you need the expertise of a mentor to help you understand further and apply whatever you have learned by yourself. discussions are done live via phone, email, chat or even personal meeting if available in your area. all the best.

2009-09-10 10:28:51 by Mr. Humble