Made Easy Forex

Q:  I am trading forex and so far practicing too much of the technical aspect of the trading. Until someday i realized that there must be something more better than what am i doing currently. And that is fundamental analysis. i want to know how many people believe in fundamental than technical?
A:  Would you believe that I don’t believe in technical analysis or fundamental analysis. They are not the only two strategies in the world of forex…. they are just the only two that have so much recognition.Both are helpful …

Q:   In Forex Why If Eur/usd Price Goes Up The Price Of The Usd/chf Tends To Go Down?Then What is your Hedge strategy, How much you buy and sell?
A:  The reason that the two mentioned currency pairs tend to move opposite of each other is do to a relationship called corellation. These two happen to have a high negative corellation. If two pairs have a positive corellation they would tend to move in the same direction.
What is interesting with the two pairs that you mentioned is that you do not …

Q:  I have a joint account and an individual account with the same Forex broker. Would it be illegal if i were to go long on one account and short on the second account on the same currency? The goal is to collect the rollover interest after a week. It seems like a strategy that’s too good to be true.
Would i suffer any tax consequences if i transfer funds from the account with the capital gains to the account with the capital loses to make things equal again? The reason …

Once you’ve develop your forex trading strategy, you might wanna to start to applied for the real forex trading. But before choosing your account.
firstly, ask yourself, ‘what’s my purpose in doing this forex trading?’. The answers could be variety; is it for a fun? is it for a better living (primary income)? is it just for following other (maybe)?
secondly, ask yourself again, ‘how much money do you can afford to loose?’ The answers to this question also could be variety either; is it all off your money? is it all …

Q:  let’s say you have a scalping strategy that can make you 25% per day. I know it’s high but lets say you did. If you start with $2,000, the next day you should have $2,500. The next day $3125 ..
Right? Well lets say you implement the same forex strategy with $5,000,000, you should be making $1,250,000 that ONE day.
Well back to my original question, is there a point where you cant make that much per day because of the size on the orders, where there wont be no one …

Q:  What I want to do is pull up a random day last week and demo a forex program for that day. Obviously, I can’t practice on the weekends otherwise, because the markets are closed. I know some online stock brokers let you go back in time and demo your strategies. Is there a good Forex site that allows the same?
A:  I have three methods I use to “go back in time” to test a forex strategy:
(I use Metatrader 4 – Which is free)
1) Manual Backtest with signals based on …

Q:  Have You Ever Heard About “turtles” Trade Strategy? how effective is it? Is it aplliable to Forex?
A:  Over 20 Years Ago A Famous Trader Richard Dennis…Well known for his trading successes like trading $2,000 to $200 million personally taught his trading strategies and systems to 14 people called Turtles and then gave them his money to trade.
As a group the Turtles earned over $175 million in just 5 years. Richard Dennis had proved beginners can learn successful trading.
But I don’t think it applies to forex; it’s more of a long …

Q:  Can You Give 20 Pips A Day In My Forex Trading?You have a better forex strategy?
A:  Since the average daily range of each of the 4 major currency pairs is about 104 pips…..20 pips is a very good target to have.
The key comes in understanding pivot points, fibonacci retracements, bollinger bands and consumer sentiment (over bought and over sold conditions). You also need to take a careful look at the times of day that the market is normally most active.
20 pips per day is very doable……..the cost is the …