Best Answer Forex is safe, unlimited amounts can be earned (in theory). However, forex is high risk and extremely volatile, so not for the weak investor. You can start trading forex with as little as £25 – due to something called leverage (a 1:100 leverage would mean that with £25 in an account, you can Read more »
Category Archives: Forex
Hi! Anybody knows how to find qualify forex education sites out there? Or forex school community that qualify?
details I am new to forex and I am very interesting in trying this thing. But when browsing the internet I find many disappointment from people that trades forex. Anybody with experience please tell me how to find legitimate and qualify forex community out there? Thank you! Best Answer Hi there! I have been in Read more »
Seriously, is it really possible and easy to earn a lot of money with Forex trading? Or is it just an illusion?
details I see all the time adverts of investments companies who want us to subscribe and open a Forex account, and I received commercial offers by emails almost everyday. They claim that people earn very easily thousands of euros a month, just by trading currencies online. But seriously, is it really possible and safe? Or Read more »
How to start playing forex?
details I have small saving of like 1.6k and would like to invest in something to earn more money. Was thinking of starting to use 1k in forex, but not sure if it is save and how much can i get if i start playing. Was thinking if it can be a stable extra income Read more »
What Trading session to use when calculating pivots in Forex markets?
(i trade and know how to calculate pivots but i am kinda new to forex. i was just wondering what inputs for pivot calculation to use? London session, tokyo or US? is there a specific time frame that everyone uses? do i use US market times to calculate the pivots if i trade in the Read more »
What book is a must read for an aspiring forex trader?
(I’d like to know what books you would recommend to someone who would like to make it in the forex business. I’d love to learn from experienced traders talking about their struggles in this very tough market.) Answer there is not one book that will make you successful trader! only your personal experience, talent and Read more »
What are the tax rates for options and forex?
(Are stock options gains (selling calls) taxed the same as short-term gains on stocks, or is there a different set of rules? And forex?) Answer yes they are. all options are treated the same unless you hold what is known as LEAPs which are at least 1 year before expiration/execution.
How do you pay taxes on a foreign forex account?
(I have a forex account but the brokerage is in another country. Do I pay taxes or what? And if I do how do I go about doing that?) Answer US citizens and resident aliens pay tax on worldwide icnome, so of course you do. Unless this is classified as a 1256 contract, you report Read more »
Can u suggest me the best book or reference site for Forex?
(I am planning to invest my money in forex. Before i do so, i would like to learn the basics in forex trading. For this purpose i need few books or may be some reference site to get a detailed knowledge about foreign exchange.) Answer There are several websites that allow you to learn the Read more »
How to record Forex losses on Schedule D?
(Do I need to itemize each and every Forex transaction? There are hundreds of them. Or since I had a loss, can I just not list all the positive transactions and then also not list the same amount of negative transactions (leaving only the actual loss) ?) Answer Call your broker to find out how Read more »
What are good strategies to use in Forex trading?
(I would appreciate if you could share your own personal experiences with me.I am thinking of setting a forum for Forex traders to discuss and share their trading experiences with each other.If you are interested, please let me know so that i can include you in the forum.) Answer Technical analysis after combinig with fundamental Read more »
What are the top 5 most consistent and widely used indicators on the forex?
(Looking for an experienced or cited answer as to what the most consistent and widely used indicators are for the forex markets, and what the most popular time frame is. I usually trade the 1 hour, but I’m not sure if that is best or not.) Answer here’s a straight forward answer: – at least Read more »
How fast is it possible to become a millionaire by trading spot forex?
(I want to know in your opinion what your thoughts are on my question here as to wether or not it is possible to break £1 million very rapidly and how long it would take starting with a few hundred pounds trading spot forex? Also, are there any recorded cases of anybody ever doing such Read more »
Are there any good forex books by authors that actually make money on trading?
(I’m after a book introducing me to the inner workings of Forex trading. I’ve taken a quick look at a few books, but they all appear to be written by people that make a living from Forex trading, rather than writing about how to do it & providing seminars? When you Google or Wikipedia the Read more »
How many times a day should I make a trade when trading forex?
(I am going to turn 18 tomorrow and I’ve had a practice account for several months and have been experimenting with it all that time, trying different strategies and techniques and have found a way to keep on making small consistent profits. What I’d like to know is for when the time comes tomorrow to Read more »
What are the best forex automated signals available ?
(Im very interested in getting a Forex automatic system to trade for me. I have heard great things about forex robots,but i have no experience with them. Would you recommend any of them) Answer There is NO forex signal company that can beat the market in the long run. This is from my experience in Read more »
What are the best forex automated signals available ?
(Im very interested in getting a Forex automatic system to trade for me. I have heard great things about forex robots,but i have no experience with them. Would you recommend any of them?) Answer There is NO forex signal company that can beat the market in the long run. This is from my experience in Read more »
Is it possible to make a great profit over a month with Forex trading?
(I am a beginner and trying to learn forex. Is it possible to make such gains? I intend to invest say something around £250. Also, when is the best time to buy currency? What are the strategies in finding out the best point in time to buy?) Answer Absolutely..However you need to know strategies to Read more »
When forex tradeing why cant I trade both sides and use a stop loss?
(When forex tradeing why cant I trade both sides and use a stop loss? It seems like it would work if the market moved enough.) Answer I advise you not to do manual trading either short or long. Because manual trading is always affected by panic, greed and fear. If you really want to make Read more »
What are the best lessions to take in other to beginning forex trading?
(As a novice what does it require to know about forex before you begin trading.) Answer The first thing you should do is get familiar about basics of forex trading. You can find a lot of free information online about forex as well as buy some forex trading course (like Peter Bain’s). The next step Read more »