The Investment Society – University of Illinois at Chicago

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 put in real money, what would be a recommended number of times I place a trade every day I trade forex to make small consistent profits? Good answers would be much appreciated. Thanks.

The amount of trades would depend on the type strategy your applying. Your amount of trades depends on the market itself and how many signals are generated by your strategy. Don’t set a goal of how many trades you have to enter or how much you have to make every day, the market and its movements determine that for you. Setting a goal of how many trades or how much you have to make every day is setting yourself up for failure trying to reach that goal in a $ amount. Its better to focus on trading to be successful and becoming profitable at the end of the day,week,month,year instead of how much you will make. That will take care of itself if your consistently profitable.

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?

Absolutely..However you need to know strategies to trade. Because as much is it lucrative, its equivalent risky also..

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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.
I know that I have the cost of the spread, but it seems like this would work, why doesnt it, if the trailing stop loss is active. Both going short and long.

Hi garryh41,

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 money, you should use an expert advisor.

As I monitored, currency market is most volatile market and implementing “stop loss” may result to loss of all investments. So “averaging strategy” is most perfect for making money through forex market. I have a lot of experience of manual trading in Forex Market. And on the basis of my long experience of a few years, I suggest you not to do manual trading. I also listened and read about a lot of Forex Robots and tried a few of them.

Currency market is most liquid market of the word. With the use of correct strategy anyone can make money through Forex market. It’s a simple process to understand, buy a nation’s currency when their economy is weak, and then trade the currency to make a profit when the global economy starts to change.

Forex trading is a very profitable business in today’s world. Unlike the domestic stock markets, the forex currency trading is open for trades 24 hours a day. A successful Forex trader is one for whom the total amount of profit eventually outweighs the amount of loss. Using an auto trading software will eliminate the chances of the trader’s emotions affecting his or her decisions. Therefore, to be successful in Forex market, one should do Auto trading.

Myself a most successful Currency Trader. With the Forex Market I am making money daily without any risk.

I have a great experience of Forex Trading both manual and Auto. I am a successful currency trader. I had uses a lot of Forex auto robot. But none found like Aeron Forex Auto Trader (www.aeroninfo.com). It is really for making money.

I friendly advise you to visit www.aeroninfo.com

I have been reading about trading forex but I am unsure about the strategy I should be using. I have read about so many different strategies and they all claim to be the best and easiest. I was just wondering if anybody had any real experience trading forex that could recommend a good strategy to start out with.

If you want to make money with forex, check out this site

http://make-money-with-forex.org

Here, You’ll find the best forex software that can help to increase your trading profit.

As a novice what does it require to know about forex before you begin trading.

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 is to start virtual trading. Virtual trading does not require any money from you and it is a great way to experience forex trading without any risk on your part. Practice with virtual trading for a few months and you will know whether you are capable of making any money from forex, or not.

When you become confident enough, you may start real trading.

Good luck!

Can someone explain in detail how forex trading can be done from home in order to earn some additional income? Too, what is involved or needed? How much is needed as an investment?

If you are looking for the best forex software, visit this site

http://the-best-forex-software-in-internet.blogspot.com/

This software is the best software that can help increase your trading profit and user friendly.

Best Wishes,

I would like to do some money with share, stock, mutual funds and forex market. SO anyone can please help out and guide me how this can be done

Do you mean to start a business or do you want to trade for yourself?
If you want to start a Forex business, the chepeast way would be to become an IB (introducing broker) for a forex Broker. Or, in another case, obtain a White Label from them, which is another form of having your own company using all of their support and back office. The big brokers often have securities and CFDs as part of their investment choices.

FX360.com is the new site of renowned currency analysts Kathy Lien and Boris Schlossberg. Get their daily insight on what moves the currency markets. Get the same quality forex news and analysis that makes them regulars on CNBC, Bloomberg and SKY TV. http://www.fx360.com

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I have been reading about trading forex but I am unsure about the strategy I should be using. I have read about so many different strategies and they all claim to be the best and easiest. I was just wondering if anybody had any real experience trading forex that could recommend a good strategy to start out with.

If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.

Marketiva gives you 5$ real to start trading so you don’t have to deposit and if you made profit from it you can cash out, this is why it’s very good for beginners. Their platform is very easy to use and they have support during trading hours for your questions, doubts etc.

They also have chat channels where you can talk, exchange opinions and ideas with traders of your country or international traders.

To open your account please visit http://www.marketiva.com/index.ncre?gid=3371