The Investment Society - University of Illinois at Chicago » forex

What is the difference between a gaming computer and a forex computer?

admin — Tue, 07 Sep 2010 12:29:12 +0000

I’m thinking of building a forex computer, and it seems like I may as well just build a gaming computer, but there are special quirks of the forex computer. Can anyone tell me what that would be?

The software for data delivery is probably more important, or just as important as the computer.

What you’re trying to overcome with speed is data bottlenecks. With gaming, it is graphics data problems. All of the moving objects and colors of a game are graphics issues that should be handled by the graphics board rather than the CPU. Obviously, a dual core Quad is going to be better than a single. But you need a good graphics card with lots of onboard memory.

With a trading machine, you’re handling lots of data coming in from outside the computer, processing that data into many different charts and calculating indicators. The graphics is not the problem of a gaming machine. The problem is when there’s a flood of data, like when there’s a report, or around the open of different markets, when markets go wild. I’ve had computers completely freeze for several minutes when extreme volatility situations arise. Sometimes I would have to reboot to get control back, and that can take ten minutes to get back up and running with everything updated and functioning again; obviously, that won’t work for a trader. The software should have a method to throttle that data, because you don’t need every tick, estpecially when the input data is a thousand-fold what it was a minute ago. If you’re using a web browser, rather than a dedicated trading program downloaded to your computer, you have no control over the data feed. A good trading platform like Realtick or Tradestation, will have at least 3 or 4 different methods of sampling and throttling to control high volumes of data. NinjaTrader does a good job, but I’ve got a super fast computer, so I never see any glitches.

There are several informational and learning websites. If you watch their trading videos, you’ll see what they’re using.

http://www.forextv.com/forex-video-archi…
http://www.babypips.com/
http://www.dailyfx.com
http://www.fxstreet.com/rates-charts/usd…
http://www.forexpeacearmy.com/

The best way to learn is from a book. You can find three different eBooks here:

http://members.cox.net/axiom11/#Info
Insider Forex Secrets

http://members.cox.net/axiom11/page2_lin…
Forex Trading-Revolution To Home Based Internet Business
Forex Trading Strategies

There are many eBooks listed here, so to find the one you want, just hit Ctrl-F (for Find) in your web browser to find "forex".

What is the Best Automated Forex Trading System Out There?

admin — Wed, 11 Aug 2010 08:20:06 +0000

Hi everyone!

I am relatively new to forex and have only just found out about all these automated forex robots and such that are supposed to really take a lot of the risk out of forex trading. There are so many though! Can anyone suggest like a good one, based on personal experience?

Thank you!

A good forex system means you need to constantly have high probability trades. You also need to be aware of all the currency pairs in real time. If you are looking for the best forex software, visit this site

http://Make-Money-With-Forex.org/

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

What are the tax issues to consider for forex and binary trading (online) in Australia?

admin — Sun, 08 Aug 2010 00:38:01 +0000

Hi I am an International student studying in Sydney, Australia. I plan to stay here for 2 years and have completed 5 months as of now; I haven’t been employed till now. In a few months time – I plan to start forex and binary trading online. I wanted to know – what are the tax issues that I have to consider or be aware of ? To be more specific how will my taxes be deducted based on my earnings obtained through forex and binary trading.

Thanks in advance

hello
check it here
www.trendz4you.com

How to trade forex and make money?

admin — Sat, 31 Jul 2010 01:52:12 +0000

I want to start investing in forex, and i dont know how to begin, concepts like pips that look me in Chinese.

Does anyone have any idea how I can start trading Forex and earn money?

Whoa!
You remind me of me. and I started to trade Forex few years ago I did not know anything!
Luckily i found a site that helped me a lot and now I earn good money..
If you want to see my site I wrote you the link resources box here.

What are the important economic reports that affects Forex?

admin — Sun, 11 Jul 2010 00:33:17 +0000

I’d like to know all important economic or banks reports/meetings that affect Forex. Please rank it by impact on Forex and the time of release.
Thanks in adv for any reply.

Forex is continuously being affected around the clock by news. Have a look at forexeconomiccalendar.com, they list all the important numbers you would want.

What is the best strategy to trade on forex?

admin — Mon, 05 Jul 2010 07:11:27 +0000

I have a forex account and would like to know that people think is the best startegy to employ in the current market conditions?

If you have an account open and have begun to try to trade, then you’ve seen there are literally thousands of trading methods and indicators and signals and setups and triggers to exponential infinity if you begin to combine them.

There is no single "best" strategy. I know this is not what you want to hear, because your question presumes there IS a best strategy. There is no crystal ball or pot of gold at the end of the rainbow. That may seem harsh, but I’m going to beat you over the head with this because you must understand in advance. There is no certainty, and the future will always be uncertain. There is no one best book or webinar or seminar or single answer or holy grail. The best we can do is give ourselves a small edge over 50% certainty, then use good money management to control losses if we’re wrong. There are hundreds of "best" systems that work. You may have a simple trigger to enter the trade, but the setup is always going to be a combination of things. If you can’t juggle several things at once, if you can’t remember what it did before and don’t have a good memory, forget it; give up. If you can’t handle the fast pace, constantly changing, stressful environment, just quit. And if you don’t address your psychological inhibitions and address your fear/greed and honesty disorders, you will not succeed. For example, people that need to be in control, like lawyers and doctors, are the worst traders. So far, you have failed to see that there are many more issues to becoming a trader than the system or computer.

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

http://Make-Money-With-Forex.org/

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

How to apply and setup forex robot regarding this market open 24 hours?

admin — Fri, 02 Jul 2010 11:15:08 +0000

Forex market opens 24 hours, and I am not the Superman can review and decide something when tired. I want to install forex robot in my system.

I think that Forex will have some interesting ramifications on the geopolitical power shifts that may happen sooner rather than later.

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

http://Make-Money-With-Forex.org/

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

How many of you think that forex is going to control the future of the world?

admin — Sun, 27 Jun 2010 23:54:52 +0000

As it is the ROI is reaching more than 5% everyday. Considering the current economic upgradations in almost all nations across the world, do you think that forex investments are going to reap the best results?

I think that Forex will have some interesting ramifications on the geopolitical power shifts that may happen sooner rather than later.

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

http://Make-Money-With-Forex.org/

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

What is the best forex trading strategy?

admin — Thu, 24 Jun 2010 15:01:15 +0000

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.

Really a nice question …each and every individual is different ..so out of so many methods select your own …which is profitable and suits to your mind set ..seek assistance from any senior trader or stock guru and then stick on it and keep on modifying it till you wont succeed … If you are looking for the best forex software, visit this site

http://Make-Money-With-Forex.org/

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

What’s a decent forex broker which is not a seedy bucket shop but still not to high priced?

admin — Mon, 21 Jun 2010 02:39:44 +0000

What’s a decent forex broker which is not a seedy bucket shop but still not to high priced?

I want something that I can start off with with around $500 or so just so I can learn the ropes and make my little trades. I’ve read warnings about certain forex brokers which are unregulated bucket shops and aren’t insured properly either. But are there any decent forex brokers which don’t charge terribly high fees but still are decent?

First, you aren’t going to be a talking to a broker. With forex, you will have an account with a dealer who will be taking the other side of your trades.

Second, since they are dealers, they make their money off the spread, not by charging fees or commissions.

Third, they are not banks or brokers, so there is no such thing as "proper insurance".

If you want to learn how the trades work google "forex" and you will see a list of dealers. Any legit dealer will give you a demo account free for 30 days.

Since forex is not governed by law anybody can be a forex dealer, but all the legitimate ones voluntarily register with the National Futures Association even though they don’t have to because they are not actually futures brokers.

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

http://Make-Money-With-Forex.org/

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