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Obscure FOREX traders are promising get rich quick returns, how legitimate are they?
Forex Traders promise high monthly returns and "stop-loss" provisions which suggest that you would never lose all of your money. On the other hand they talk about leverage which suggest that they will always have more to invest than they actually have and therefore all losses will be recovered. I have never heard of high returns and no risk, but this is what the so-called Forex traders are advocating. Is this some kind of scam?
Hi,
It is not a scam. But than again it all depends, which Forex you're dealing with. I'm investing in Finanzasforex, the link is www.finanzasforex.com/tiara. Already coupple of months and I'm happy with 14% monthly. I also have some experience from before - it has a lot to do with software improvement - same like with pricing strategy - where a company such as GE Lightning uses software which evaluate many relevant factors influencing the change. They guarantee 7% min - but it never went that low in my case -always 14.
G'luck
Forex Trading #9: The Unsuccessful Forex Trader
www.ForexCoachingPros.com http Stephen Story (Trader, Coach, Author) discusses the reasons why so many Forex traders aren't successful.
normally how much do forex traders pay in taxes?
i know every one pays a different amount of capital gains tax. i know that in the U.S. traders usually pay between 20-30% of of their profits. what about forex traders?
Generally the profit would be ordinary gain taxed at your ordinary tax rate which would depend on your taxable income. The rates range from 10% to 35% and is dependent on your filing status.
Where can I find a list of the most successful Forex traders?
Does anyone know where I can get a list of the most successful Forex traders? I would like to see how much they have made and learn about how they trade.
They all hang out on a web site called " Forex Social" but the best of the best have limited contact with the general public, you should do a google search on the company " Forex Ring Leader , they have been around for about 4 or 5 years and have the best trading track record with solid proof!
So if you have time Google these company , Jeff Parks , Forex Social , Forex RingLeader ,
is there is any tax on forex traders in Pakistan?
I want to know that is there is any Tax on Forex Traders in pakistan(From Govt. Of Pakistan).Plz help!
What are the principle of successful forex traders?
Tell me how to be successful as a forex trader
To become a successful forex trader takes hard work and dedication. You first need to learn as much as you can about the forex market, what are the causes and effects. A great deal of experience is needed to consistently make profits.
The most important principles are money management and discipline. It is not greed that causes our failure as any rational trader should work to maximize their return. The cause of losses are deviating from your system and risking too much on a single trade. We can't be right all the time and we need to be sure when we are wrong we minimize the loss.
Forex Trading - The Most Common Mistakes People Make When Trading Forex
Unfortunately this is a very difficult way to trade the markets because it's almost impossible to consistently call the top or the bottom of a particular trend.
In general it's much easier to simply identify the overall trend using indicators such as EMAs (exponential moving averages), for instance, and then enter positions in the same direction as the trend. That way even if your initial entry point was badly timed, there is still a chance that the trend will continue and return you to profitability.
2. Trading The Short-Term Price Charts.
A lot of people like the idea of trading the 1 minute or 5 minute charts, for example, because you can generate profits of say 10 pips or so in a matter of minutes. So it's commonly believed that if you can generate several of these trades every day, you should make some decent profits.
However while that may seem profitable on paper, in reality it's one of the hardest ways to trade the forex markets because you have the spreads to contend with, as well as the random nature of the price moves that occur on these short-term price charts. Plus there is the fact that a lot of forex brokers do not approve of this style of trading and may even close your account as a result.
Forex Trading News – How to Use it Correctly for Profit
Today, forex trading information is more bumper than ever. There are numerous sources to select from and there all delivered at the click of a mouse, so you can get breaking dirt whenever you desire.
Here we will look at how to use Forex trading intelligence and mistakes to dodge.
First letâs start with a rather frightening the gen:
100 years ago 90% of traders exhausted and today the correlation still remains the same.
This is without thought improved more frequent Forex intelligence, superiority computers, more important software and more facts than ever on the markets.
The certainty is significant the word wonât purloin you win â in truthfully, it conventionally helps traders overcome! There are 3 fundamental reasons for this:
Expos is discounted in a split aid.
In todayâs in every way of overnight communications hearsay is discounted intimately, so by the together you have seen it and had a inadvertent to act upon it, the half a second has gone and the store is looking toward the tomorrow.
Gossip is Stories
Those analysts are so convincing with their arguments! Their normally glaring at explaining what has happened - but you canât business off what they say, as they have no plan what will come about - there wholly stories and opinions.
Will Rodgers once said.
âI only credit what I Study in the papersâ
Now he was joking, but its surprising how many traders take what they pick up on the talk as a suggestion to traffic.
Information Gets Your Emotions Intricate
Humans donât like to be emblematic of alone and the rumour reflects what the bulk thirst to gather but that is entirely personal from what you have to do, to traffic to win.
The majority of traders evade and the volume mind to the rumour, so if you escape it, you can look aside and not let your emotions get Byzantine.
...News
Learn Forex Trading with Forex Strategy HQEmailwire - Oct 24, 2009
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One that Got Away
Forex Factory - Oct 25, 2009
When reading articles from experienced forex traders trying to teach you something, you normally only hear about how this one was a winner and that one made
Forex Broker Announce Lowest Forex Trading Spread Fees
Free Press Release Center (press release) - Sep 09, 2027
Features such as very low transaction fees, account features and advanced forex prediction tools will enable forex traders to easily manage their account
Currensee Gets $6 Million for Forex Trader Social Network
SYS-CON Media (press release)Boston - Currensee, a Boston-based social network for foreign exchange (forex) traders, on Tuesday announced the beta launch of its service and disclosed a Currensee Forex Social Trading Network LaunchesCurrensee – the Forex Facebook comes out of private BetaFX Trader Social Networking Site Launchedall 13 news articles »
Digital Media Wire - Oct 20, 2009
SYS-CON Media (press release)Boston - Currensee, a Boston-based social network for foreign exchange (forex) traders, on Tuesday announced the beta launch of its service and disclosed a Currensee Forex Social Trading Network LaunchesCurrensee – the Forex Facebook comes out of private BetaFX Trader Social Networking Site Launchedall 13 news articles »
Currensee Launches First Social Network for Forex Traders
Reuters - Oct 20, 2009
Currensee brings trust and transparency to Forex trading collaboration by enabling members of its trader network to see each other's actual trading