Forex Signals

Best computer for trading in Forex?

“I am planning future possibilities of trading in Forex (foreign exchange). If you are familiar with this then please give me recommendations of what would be a suitable computer system for doing this? I want information of actually desktop computers such as brand and memory.”

These are some basic recommended requirements:
Computer: Intel Pentium IV 3.0GHz, 512 MB RAM, or higher
Web browser: Microsoft Internet Explorer 6.X and up
Mac users: The site is not currently compatible for Safari, we recommend Firefox
Internet connection: Broadband 1.5 MB download speed, 256 KB upload speed

Minimal Requirements
Computer: Intel Pentium II (AMD/ Celeron equivalent) 500 MHz, 128 MB RAM)
Web browser: Microsoft Internet Explorer 6
Internet connection: ISDN 128 KB download/upload

“I am currently woking within the forex market as a traders assistant but am now ready to become a trader. Please can someone give me some advice where to start.   I feel I have reached the end in my current role so would like something with more responsibility and with a good salary and benefits. I was thinking possibly a role as an fx trader.”

It sounds like you know what direction you’d like to head in with your career.  I suggest  investing  in some of the free trading platforms to have a practice on trading the markets.  That will give you an edge and help you move onto the next level of your career.  Good luck!

Can you buy and sell oil futures or index similar to forex? I trade in the forex market. What I like about it is that I can buy and sell any currency; therefore I can make money in a bull or bear market. I would like to know if it is possible for me to buy and sell crude oil etc in a similar way?

Yes you can.  Spot gold, silver and oil trades are executed in much the same way as foreign currency pairs are traded over the FOREXYARD platform, with transactions being made against the dollar, and as with currencies.

Here are the basic points, tips and systems to get started (and move ahead) with online forex trading:

1. Open a demo account.
2. Practise on it for a month or two.
3. Get thoroughly acquainted with the platform, system and methods.
4. Try different demo accounts with forex companies online.
5. After you’ve trained with your demo account, move on to a real account for live trading.
6. Choose a good broker (eg InterbankFX) supporting the Meta Trader platform. Ask for one that offers a good leverage. It’s your key to profiting from the forex markets.

What are pivot points in forex trading?

A pivot point is not exclusive to the FX markets. You can use pivot points in stocks, futures, etc. A pivot point is a calculation based on the high, low & close price of the previous day. A pivot point is a “possible” point where prices could turn. Or if prices exceed that point, then it could act as potential support/resistance (depending on which way the market is moving). If prices fall below the pivot, then it could now act as resistance. If prices rise above the pivot, then it could now act as support.

What is a foolproof low risk forex strategy? There are many forex strategies on the net but I’m assuming all have their risks.  What could be the simplest, safest forex strategy for someone with $ 1000 who loves to be in the forex game?

Take a year to learn as much as you can and then go very slowly.  Anyone that suggests to you that there is a simple way to invest in FX that “works” is either not telling the truth or is ignorant.

Keep in mind that 95% of all new traders lose most of their money in the first 3 months of trading FX. Surely the success rate would be higher if there were any “formulas” that really worked.

What company is the best online forex broker? And would you provide details to support the answer. Thanks.

Wouldn’t it be great to have one broker that does it all?

But a stock broker doesn’t have a license to trade commodities, and vice versa.

And wouldn’t it be great if you could afford the best in the business, the most advanced technologically, on the cutting edge of online trading?

TerraNova is such a broker. Now you can have your cake and eat it too, and trade anything you wish from one broker, albeit, not from one account. Obviously, the laws cannot be broken. Their subsidiary, or is it parent company, Townsend Electronics, is the one that electronified and digitized the NASDAQ, and I believe they’re getting ready to do the American Stock Exchange next.

You’ll be amazed at their trading software. I’ve been using RealTick for over a year, and still haven’t learned how to use all of the features.

It’s all really incredible. I am just a Day Trader in index futures, and have no association with any of these companies, and have nothing to gain by applauding them; they simply deserve the applause, and you should take the opportunity to check them out.

No-commission forex trading site with tight spreads? I’m looking to get into forex trading, of course first practicing with a practice account first for a while. What’s a good site where I could start with practicing and would later on have no commission trades and tight spreads? Preferably, a site that allows microlots would be great.   Any suggestions? Thanks.

Anyone have any suggestions?  Leave a comment!

Which forex trading software provide real time trading volume? Does any forex trading software or broker’s trading platform provide real time volume?

This site has a lot of good information on it if you’re looking for forex software:

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

Here you’ll find some good software that can help increase your trading profit and user friendly.

Does anybody know a site or community for forex traders where the exchange opinions and advices about forex? It is kind of hard to trade alone.  I don’t know any body near me that trades forex, and so I feel like I need an active community on the internet for forex traders where they exchange opinions and advice about the market movements.

You can find many forex trading communities and groups like fxstreet, forexspace, moneytec, babypips, orkut, facebook, google groups, yahoo groups etc…..

There are so many sources out there, my friend!  Just search it out.