Do you need good credit to trade Forex?
It depends on your own tolerance for risk. By "good credit", I am assuming you're referring to a "high leverage ratio" (conversely, "bad credit" = low leverage ratio). Keep in mind, leverage is synonymous to *risk*. Although using high leverage in trading has the potential to increase your returns in a short period of time, it also increases your risk (where you can also lose a lot in a short period of time). Think of it this way: High Reward = High Risk = High Leverage = High Amount of Capital Risked Low Reward = Low Risk = Low Leverage = Low Amount of Capital Risked Most traders make the mistake of focusing way too much on the high rewards that forex trading can offer, and forget (or perhaps, ignore) the high risk that goes along with it. As a result, they risk too much capital. Sure, they might get lucky and have a few big winning trades. However, if they're unable to make these profits consistently (i.e., more winning trades than losing trades), then they'll eventually incur some very big losing trades. Some of these losing trades may be catastrophic (i.e. wiping out) to their entire trading account, if they continue risking too much capital. So to answer your question, "Do you need good credit to trade Forex?" My response is "No, you don't 'need' good credit (i.e., high leverage). But if you 'want' to use high leverage, that's up to you and your own tolerance for risk." Perhaps, the best response to your question is another question, "How much do you want to gamble?" Because that's what happens to forex trading when you risk too much capital...it no longer becomes forex "trading". It becomes forex "gambling". Too many traders who want to "get-rich-quick" end up using too much leverage to trade Forex, and that's the reason why most traders who trade Forex lose their shirts. It doesn't matter if you're a position trader or an intraday "scalper", the same rules apply. You risk a lot, you can win a lot, but you can also lose a lot. I prefer low risk trading myself. Sure, the wins aren't spectacular, but I'm not going for "Win Big or Bust" trading. I follow the turtle way...slow and steady wins the race!
I am Forex Trader and I need to use a best Forex Software. What should I do?
Personally, I have been running auto-trading software on MT4 and have got 67% return in the past 12 months, so yes it can be profitable. Check it out my video here:http://bit.ly/autotrade101I'm looking for a few beta-testers for my system too if interested...If you want to get a cheat sheet of 3 deadly mistakes people make in trading, go download a free cheat sheet here: http://bitly.com/3UnspokenTruthB...
How do I find the right software engineer to build a forex trading platform?
I worked in a stock market company called "Foreks" in Istanbul as a Junior Software Engineer for 6 months. Our team consisted of 4 backend engineers - one Team Leader, one Senior and Middle and Junior as me. Before I joined to team our cloud project was very new but its code quality was top level. Whatever, I knew nothing about how trading works but I had to learn about domain. With time I figured out that our team leader and senior engineers had a concrete knowledge about the domain so that they were able to understand the needs of clients. And our mid level engineer was also very keen to improve himself on trading. They were not only developing the project but also keeping themselves up-to-date about news, and even making transactions by own. In my opinion, domain knowledge of a software engineer should be your first priority than the quality of them. Well if you are lucky to find engineers who are familiar with trading and qualified about engineering, they will make your company fly. I can only suggest you to hire engineers who has a past about trading.
Do I need a license for forex trading?
Yes, in the US, you need to be registered with the NFA, CFTC, or SEC if you handle other people's money.
I am a Forex Currency trading software programmer. Have you found my opinion useful?
Folks - This is a scam.
Which is the best software for Indian stock trading?
Trading is a zero-sum game.That means that every gain by one trader is offset by an equal loss by other traders. One man's pain is another man's gain.Obviously, it is every traders dream and passion to be on the winning side of the market. The question is how? The answer is trend following with the help of stock arcs share market trading software with proper money management and discipline will lead to the winning edge.Think of it: trend following is the only strategy that you could trade on a desert island.Go along with the time and tide take advantage of the mass psychology and don’t be on wrong side, As long as you have market charts and our system in front of you on each day, everything else is useless i.e. TV channels news and analyst opinions, fundamental analysis news, broker opinions, tipsters, etc.zerodha pi market analysis trading software are among the most highly sought after products today with unlimited new advanced features.zerodha pi auto buy sell signals software performs exceedingly well no matter what type of a trader you are , Intraday trader, Scalp trader, Positional trader or swing trader it helps in taking decision’s regardless of the time frames being tradedIt works regardless of the market and instrument being traded; nse [ Nifty 50 stocks Futures and Options, Bank Nifty, Equities, mcx commodity markets [ Crude oil, Aluminum, Copper, Gold, Silver, Natural gas, Nickel, Zinc and Indians Currency pairs likes USDINR ..Etc.] or Forex marketzerodha pi provides the best Live and End of Day Technical Analysis Software for the Indian Markets. The software’s are decision making terminals which helps traders and investors take the right trading decisions.The company is a licensed vendor of NSE, BSE and MCX Real-Time Price Feed. It uses internet based client server model for distribution of real-time data feed.At zerodha all stock investments are free a maximum of Rs. 20 is charged per executed order for Options, Futures, Commodities & Currencies.chargesEquity & Mutual fund Investment - Zero BrokerageF&O and Commodity Trading - flat Rs 20 per order.Click here to open account in 2mins: open online accountHappy Investing :)Regards,janani iyer
What exactly are Forex automated trading system software, what are its true requirements and expectations?
Automated Forex Trading System Software is a software developed on the basis of various mathematical algorithms. With the help of the mathematical algorithms, the automated forex trading system software generate the forex signals by calculating the various trend line indicators. In simple words, the automated forex trading system software will do the technical analysis using the mathematical algorithms.Once after generating the forex signals, the automated forex trading system software will place the buy and sell orders to the forex broker platforms without any human intervention. The automated forex trading system software is also called as the "Forex Robot". Forex trading has been made easy with the help of "Forex Robots".By using an automated forex trading system software, even a newbie can trade with ease and can make profits. The automated forex trading system software is simple to use. The automated forex trading system software just needs to be feeded with the data that is available in the internet or with the data that is provided by the forex broker platforms [How To Choose The Best And Profitable Forex Robot (Expert Advisor)]. Time is money! Automate the forex trading process by using automated forex trading system software and generate more and consistent profits in forex trading.Right now, there are many forex robot available in the internet. But only a few are capable to double the investment in a month in forex trading.It's also imperative to rent a virtual server for MetaTrader 4 & 5 terminals. This is to ensure that your platform and Signal subscriptions work without any interruption.The virtual server is essentially analogous to a Virtual Private Server (VPS). However, it is better and more suited to address the challenges and meet the needs of forex traders.For more on this, Read: The Complete Guide and Tutorials How to Use a Forex VPSTo make research about some of the best MT4 and MT5 forex brokers with free VPS Hosting for EAs:MT4 And MT5 Forex Brokers With Free VPS Hosting For EA Robots
Forex trading?
Like everyone else has said you need to take your time when deciding to trade the Forex market. That being said, if you are willing to learn how to trade it properly and are patient you can make money even with a small ($5000) account. You will need to set strict money management rules, that is how much to place on each trade, how much you are willing to lose on each trade and how much profit you are happy to take on each trade. Greed can do funny things and a winning trade can end up a loosing trade. Follow these 10 steps 1. Get access to and read as much free information as possible 2. Download free Forex Charts 3. Take some Forex courses 4. Test and trial a couple of different forex strategies to determine which is best for your personality. Don’t rush this stage as you will really get to know yourself, how you react to loss, greed, fear and you will come to an understanding of how much time you really want to commit to your trading. 5. Open a demo account with an online forex broker, and start with a conservative amount in your account between $5000 and $10,000. 6. Simulator trade for between about 3 months 7. Open a Mini-Forex Account and fund with a conservative amount of money, between $300 - $2000. 8. Build your confidence by taking small amounts from the market consistently. 9. Throughout this whole process develop a trading plan that will consist of a. What size your real trading account will be b. How much you will trade each time c. What timeframes you will trade d. How much you will risk each trade 10. Trading for Real - Start trading a real account and continue to monitor and track your progress, recognising that you are a continual learner. You can learn more from the free course at http://www.my-forex-training.com/FreeCourseSignUp.html