Answers
You know you can do foreign exchange using newly created ETFs offered by Rydex. The cost is more than trading directly on the foreign exchange market. Here is the list of ETFs:
http://top10traders.com/ViewPost.aspx?po stID=753
www.easy-forex.com Provides an online foreign exchange trading system which includes forex charts, analysis, and forecasts. Exchange rates, news ...
If you look at the web page http://forexautopilot.com/ near the top, he claims that this is a real account, yet if you scroll to the bottom, he has disclosures including one about hypothetical results.
"Hypothetical" means that he has not traded it on an account with real money. It means that he ran a stream of historical prices through it. He may have tweaked and tuned it so that it produced huge profits with this exact stream of data and will never do it again unless history repeats itself exactly. There is also no guarantee that you could have gotten actual orders in to the dealing desk and filled at the prices in his demonstration. The forex market moves fast.
Note underneath the disclaimer that this software is for "educational purposes" only and not for financial advice. This means that you should not trade on the basis of this system and if you do and you lose money, it's your fault because they told you not to trade with it.
As far as his "example" account at the top. He says that this is "real". Maybe true. He can open a bunch of accounts and show you the one that made money and not show you all the times he lost. Anybody can get luck once in a while.
At the bottom he says look what I made in "one week", yet the date/time stamp in the log clearly says Feb 28 thru Mar 19. How is this "one week"?
I am interested in trading in foreign exchange are their any sites that give tutorials and guide you as to how do you go about it.
You cant. RBI regulations.
How we earn commissions in forex trading online. Can you please advice about the websites offering this facility and how we can start their? what should be the minimum investment required? What is the scope of this business?
There are many different on-line forex trading firms most offer mock accounts to try before trading with live accounts. Minimum investments are anywhere from $200 to $10,000. I use CMS Forex http://www.cmsfx.com/, but there are many different companies. Most of the trading firms don't charge commissions, as they make their money on the spreads. Many different books exist on Forex trading. I suggest starting with: Forex Made Easy: Six Ways to Trade the Dollar, by James Dicks.
Warning: Forex trading is very difficult, and because of the huge leverage that most traders use, you can lose a lot of money very quickly. Practice for several months before you trade with a live account.
Canada's Dollar Is Near 14-Month High, Approaching US Parity
By Chris Fournier
Oct. 13 (Bloomberg) -- Canada’s dollar traded near the highest level in more than 14 months, approaching parity with its U.S. counterpart for the first time since July 2008 as investors sought higher-yielding assets.
The Canadian dollar gained 2.5 percent against the greenback in the past five days for the second-best performance among the 16 most-traded currencies tracked by Bloomberg, after the Mexican peso. Crude oil, Canada’s biggest export, touched a seven-week high and gold hit a record. The Canadian currency last traded at C$1 per U.S. dollar on July 22, 2008.
“We could easily reach parity by the end of the week,” said John Curran , a Toronto-based senior vice president at CanadianForex Ltd., an online foreign-exchange dealer.
The Canadian currency appreciated 0.2 percent to C$1.0327 per U.S. dollar at 4:46 p.m. in Toronto, compared with C$1.0348 yesterday. It touched C$1.0267, the strongest level since Aug. 4, 2008. One Canadian dollar buys 96.83 U.S. cents.
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News
Canada's Dollar Is Near 14-Month High, Approaching US ParityBloomberg - Oct 13, 2009
Financial PostCanada's Dollar Is Near 14-Month High, Approaching US Parity“Everyone is a little too bearish US dollars,” said Steve Butler, director of foreign-exchange trading in Toronto at Scotia Capital Inc., a unit of Canada's Loonie races toward US dollar parityall 373 news articles »
istockAnalyst.com (press release) - Oct 14, 2009
Although the foreign-exchange (forex, or simply FX) market wasn't necessarily designed for individual investors, its allure is hard to ignore. and more »Reuters - Oct 14, 2009
Fifty Trading Delegations, being composed of thousands of China's best foreign trade corporations (enterprises) with good credibility and sound financial and more »Business Wire (press release) - Oct 14, 2009
All comparative figures are adjusted to remove foreign exchange impact. Liquidnet's trading platform provided its members in Asia, who are among the largest and more »New Zealand Herald - Oct 12, 2009
3 News NZLondon-based online CFD and foreign exchange trading outfit IG Markets is entering the New Zealand market where it will face off against its IG Markets launches in New Zealandall 7 news articles »