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Articles Archive for November 2009

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[29 Nov 2009 | One Comment | 281 views]

Q:  Any good forex simulation software recommended by day traders / brokers in Australia, that’s different from the rest?A:  Forex Tracer + MetaTrader 4,Very compatible, powerful and easy to work with.A lot of forex trading has to do with dynamically monitoring the forex markets and alerting on profitable spreads. With the trading day beginning in Sydney, it’s crucial that I have the tools and the decision data at my fingertips. This combination works for me like a financial charm.
The Tracer’s good for simulating currency trading and in real life trading as …

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[29 Nov 2009 | One Comment | 353 views]

I think there is some truth in EMH and that you can’t predict the big financial markets. But, arbitrage seems a little bit underrated by EMH. I am not sure if Prof. Fama has stated this in his original thesis back in the 70s, but you will find many “official studies” online(and in your university) that in the EMH world arbitrage doesn’t exist or when it occurs – it lasts for just a few seconds. OK….but just a “minor detail” that we have something called “high frequency trading” – Yes, …

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[29 Nov 2009 | 2 Comments | 179 views]

Q:  If you have any idea about any online trade broker who is dealing with stocks, bonds, options , futures and forex in all major stock exchnages in the world.NOTE: Broker Must trade with major stock exchnages through out the world including US stock exchnages.Please tell me the names of the brokers if you guys really know something….
A:  InteractiveBrokers is your best bet. Their platform looks complex to the novice but if your a serious trader it has all the info you need to trade effectively and cheaply. Commissions are the …

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[29 Nov 2009 | 3 Comments | 189 views]

Q:  To me, using a minimum lot size of 1,000 units seems like a waste of time. I’m just learning forex too and I was wondering if online brokers will allow you to buy large amounts of lots/contracts/volumes? – in some of the demo accounts I can only use up to like 8.Is the system designed for beginners who want to learn forex and can easily shrug off risk by using such small pip costs?
A:  Micro Forex is a great way for Forex traders who want to get trading live …

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[29 Nov 2009 | 4 Comments | 217 views]

Q:  I am trying to find out how to obtain Colombian Pesos and the Peru currency. I have looked at some of the currencey converters and they seem to have good short term percentages. However most Forex and brokers do NOT offer these. How can i go about Buying and Holding these 2 currencies or some other method?
A:  These two currencies are tough to trade with because they are hard to obtain and most financial institutions do not invest in them because they are politically unstable.
The only way I could …

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[29 Nov 2009 | 6 Comments | 202 views]

Q:  I am going to start trading a live fxcm mini account with a starting capital of £125 on a 400:1 leverage which will give me a trade account size of $50,000, Lets say i double the account size to $100,000. will i be able to withdraw $50,000 profit from that original starting capital of £125 or will i have just made another £125. i don’t seem to get how it is possible for me to make those huge profits from money i don’t have and is just on the …

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[29 Nov 2009 | One Comment | 177 views]

Q:  What are Swap Fees, and how are they calculated?How is the Margin level calculated, and when will they automatically close losing trades?Is there any kind of exchange rate with brokers in another country? For example, if I am trading a Demo Account with Alpari UK and I reside in the United States, will some of my profits be lost through any kind of conversion through their domestic currency (the pound)? Or, if I invest in say the EUR/USD, will any of my profits be lost through any kind of …

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[28 Nov 2009 | 5 Comments | 184 views]

Q:  I am very new to investment. But since I have strong interest in the financial market, I decided to use $500 (the amount I can let go if I fail) and lean from actual trading…… OK, I really want to make some money.I thought I would do stocks, but since I have to pay $10-13 commission through online forex brokers, $500 initial deposit will go away pretty soon. And I want to start making money fast. So, I am now thinking about foreign exchange.There are terms that I do …