How can one trade Forex successfully?

Answer 1

I don't believe anybody that isn't a highly trained professional has ever made money from it.

The big baloney really is the Forex teaching seminars. If you notice they are always on days when the market is closed. That way they don't have to prove they can actually make money. They only run B.S. simulations to try and show you how to make money. But they never actually prove they can do it.

Forget that stupid Forex software. Take the money you would use to buy it and put it into a Cash Reserve Fund with Vanguard or Fidelity and make 4.98%-5.00% interest on that money.

Answer 2

An official of the National Futures Association was quoted[7] as saying, "Retail forex trading has increased dramatically over the past few years. Unfortunately, the amount of forex fraud has also increased dramatically..." Between 2001 and 2006 the U.S. Commodity Futures Trading Commission has prosecuted more than 80 cases involving the defrauding of more than 23,000 customers who lost $300 million, mostly in managed accounts.

Answer 3

Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy.
Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business.
However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders?
The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business.
Learning a profitable trading strategy is possible, You should watch this presentation video https://tr.im/03f02
It's probably the best way to learn how to win with binary option

Answer 4

There are so many companies that are trying to teach you and get you to trade with them. I would suggest you try some with simulated trading before you ever consider doing it for real. Most people lose money at this but I think with proper training and effort on your part there is a chance you could make it. Be patient and do the work. Good luck.

Answer 5

the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.

Answer 6

If you want to earn money with binary trading and you aren't a big expert you definitely need some kind of support. I use a software called "autobinary signals" and I earning good money with it. Here you can find all the details and also some video proofs: http://tradingsignal.toptips.org

Answer 7

Very carefully.

There are people that make good money from FX. They don't "hope", "pray", "think", "guess"and have great money management skills (with good risk reward ratios of 2/1, 3/1 or better). They only have to have 50% winning trades to make good money.

So... the bottom line answer to your question is;
Lots of time and hard work.

Over 95% of the people that try FX lose most or all of their account in 3-6 months.

You can win this, if you're honest with yourself and put the time in.

Good luck!

Answer 8

Use MACD indicators that may help you .
ou can open an free Marketiva forex online trading account , 5 USD live fund and 10000 USD virtual fund already in your account.!
Open an free account and get $5 reward!
http://www-forex.spaces.live.com

Answer 9

Learn to trade 4X, commodities, options and/or stocks.
BUT YOU HAVE TO FIND THE RIGHT SOFTWARE PROGRAM FOR YOU. Investigate BEFORE you invest!
Hints: Red lines and green lines; red lights and green lights; Late-at-night infomercials.
Total initial investment: Anywhere from:
Five Thousand [$5,000.00] Dollars [USD] to about Thirty-five Thousand [$35,000.00] Dollars [USD].
I gave you hints about the lower-priced, easier-to-understand and work with software program. That program has free technical support and upgrades; its own subscriber supported, on-line TV program. &&& User Groups throughout the world. .

IN ADDITION YOUR on-line broker account could be as little as $500. However, to day trade, you MUST have AT LEAST Twenty-five Thousand [$25,000.00] Dollars [USD] to open and fund your trading account.
HONESTLY, IF I COULD PUT EVERYTHING IN ONE PARAGRAPH OR ONE SENTENCE, I WOULD DO IT. PLEASE DON’T STOP READING. PLEASE READ THIS ENTIRE ANSWER.

AND THIS - above all else: BEFORE you go “live in the market” with any of your hard-earned money, I strongly suggest: For each and every trading strategy, make and have your own trading rules. THEN FOLLOW YOUR TRADING RULES. . Plan your trades and trade your plans. There are many, many different trading strategies. HOW? With EACH trading strategy I MOST STRONGLY SUGGEST: Paper trade, paper trade, paper trade AND paper trade some more.

THEN trade stocks, options, currency or commodities. I do it - using stock options. I LOVE THEM!

I saw a late-night infomercial about trading stocks. It had these charts with red lights and green lights and red lines and green lines.
1] After the infomercial - that day and a few days later - I asked a few questions and discovered how much it REALLY took to trade stocks. I found-out to be a day trader or scalper it took an account of $25K or more. I KNEW I didn’t have the money for that size account.
I made a few more inquiries about other ways to earn money trading on-line. I found out about options. Options are a sort-of side investment from the stock.
2] We invested $5K in a trading software program.
3] I studied the DVDs and read about trading options. To me, it took a while “to wrap my brain” around the concept, but, through “paper trading” [pretending I was trading with real money]. eventually I did.
4] THEN we opened a margin trading account with an on-line broker as a "speculator".
5] I discovered “paper trading” ISN’T ANYTHING like trading for real. Real trading is VERY emotional.
WHEN A PERSON DOESN’T KNOW WHAT HE/SHE IS DOING, DOESN’T CARE OR BREAKS HIS/HER OWN TRADING RULES, REAL TRADING IS VERY, VERY, VERY RISKY!
6] I lost about $2K - AND I kicked my own butt!.
7] I decided I was going to actually “buckle-down” AND concentrate on earning money, trading options. I did. I’m just about back to the original $5K.
8] This software program has a live, on-line, subscriber-supported TV program/network. It has programming for currency, stocks, options and commodities. Subscribers can e-mail or call in questions about their various interests. Because of this, everyone watching, learns. The TV folks do not give any buy, sell or hold recommendations. When folks pay attention as to what is going on, they MAY make/earn money.

At times, when the stock goes up, the option goes up. At other times, when the stock goes down, the option goes up. Yes, that’s right! This is not a misprint. Needles to say, I LOVE trading options!
AND, YES, YOU CAN LOSE MONEY! I just told you I lost money.

“Newbies” - the new folks who are thinking about making the investment, can e-mail their questions. MOST Wednesdays are options “Training Days”. About one hour is devoted to exploring different aspects about options and trading. Training days are broken down to plain, every-day, understandable English. Some technical terms are used. I'm sure in your line of work, there are technical terms the layperson may not understand.

The technical support is terrific! If a program is missed, this software program offers an on-demand feature so folks can review a program.

This particular software also has “User Groups” throughout the world! Our particular group is a legal, non-profit entity. We pay dues of $60 per year. We - the users [subscribers] - meet once a month at a different library in the region where the members of our group live. Guests are welcome. Guests pay $10 per meeting.

We discuss whatever topics our members and guests are interested in. We have very interesting members and guests.

The members and our officers are wonderful! They are knowledgeable and very willing to share information and their knowledge.

We have every type of trader:
Scalpers/day traders: in and out of one or more stocks in the same day.
Swing - owning a stock or option for a few days to a few weeks.
Intermediate - owning a stock or an option for a few weeks to a couple months.
Position or long-term: owning a stock or option for a couple months or longer.

I don’t own any stock or options in the parent company. I am a paying subscriber and a member of our user group.

So, if you want to have some fun and at the same time learn a lot and do your best to earn some additional money, look into investing in this excellent software.

A person should learn some things about the market and how it works. Through these sayings, I can tell you these facts:
A] There are no gifts on Wall Street.
B] You are trading people. You are not trading stocks, options, currency, commodities, bonds or any thing else.
C] Trees don't grow to Heaven. Neither do stocks, options, currency, commodities, bonds or any thing else.
D] V.I.C.P.I.E.
Volume Is the Cause; Price Is the Effect.
E] "Bulls make money. Bears make money. Pigs get fat. Hogs [greedy traders] get slaughtered."

1] People make or earn money when the market or their stocks, options, currency, commodities, bonds, etc. [“position”] go up.

2] People make or earn money when the market or their stocks, options, currency, commodities, bonds, etc. [“position”] go down.

3] People make or earn money when the market or their stocks, options, currency, commodities, bonds, etc. [“position”] go sideways.

4] Its one thing to learn. Its another thing to learn AND DO!

5] Ask questions of knowledgeable people.

There are two old sayings:
A] "The only stupid question is the question you don't ask."
B] "So, you thought --- and think --- education is expensive? Just wait until you try ignorance."

Remember this: When you are in a group and you or someone else asks a question; that question being asked could be a question one or more folks have on their mind, BUT are afraid to ask.

DON'T be afraid to ask questions - and keep asking questions until you get understandable answers to your questions. This requires persistence and tenacity.

Will some folks think you're a pain in the neck [and another place]? Absolutely. Don't settle for
"fluff" answers or "smoke and mirrors" answers.

Thank you for asking your question. I enjoyed taking the time to answer your question. You did a great job - not only for your information, but for every other person interested in reading my answer.

I wish you well!

VTY,
Ron Berue
Yes, that is my real last name.