Sharon asks…

I’ve made 300$ for about two hours trading Forex and shares.?

Ok,
First I have to mention that I am a complete newbie in forex and shares and that the money are not real, but from a demo account, thus simulation.
Here is the deal:

http://lmdesign.net/clp3.jpg

(save the picture to see it with better quality…its not a virus, calm down :)
So, when I started my balance was 50, 000…now you see it’s
50, 300…the same is my “Equity”.
When I started my Equity was slowing down to 49,600…I guess that means that the money I was spending to buy shares and forex are about 400$…
So, at the end I need to mention that I bought 20 lots from
Rolls Royce, because I saw that it was big difference from the “low” and “high” there- 437(low)-445(high).
I have also bought 10 lots of EUR/JPY and others pairs with EUR and GBP.
As you see I am completely new at the stuff…but am I right that I have spend only 400$ and end up with 700$ for an hour?
Thanks alot!!!

HowToGuru answers:

Hi, Im not a newbie to the trading,I do it 3 years already ,first 2 years were terrible,then I found www.4xgenie.com ,signed up for their servis (free for 3 weeks,then just $90/monthly) and now I m between $500-$700 daily.
You have to use MSMS555 code to get it for free first.Good luck.
If you have any q’s, they will be answered. Great support , plus they have a chat room for traders,so you can see its not a scam or something.

Donna asks…

Can I make $10 an hour trading forex currencies?

I have studied a lot of technical analysis and played a little with forex.. currently i make $10 and hour .. I was wondering if it was possible to make just $10 an hour trading… if so let me know i’d love to quit my job and stay at home all day

How much should I have in my account?
Leverage?
What broker?

HowToGuru answers:

No you can not. But you can lose hundreds in seconds. 30 years investing.

Steven asks…

Day Trading Forex possible to make a living?

Hey,

Are there people in the world who day trade forex for a living? I’ve read so many articles bashing day trading as gambling and impossible to make money, but I also read some forex trader interview who just trade a few hours a day and make a good living. Is it true?
Anyone has experience?

HowToGuru answers:

I trade FX as well as stocks and I used to be a professional trader.

Succesful trading really has to do with emotional control and dscipline because its based on odds. The odds are usually not higher than 55:45 in your favor so expect to lose fairly often. It is extremely nerve wracking and it takes lots of money you can AFFORD to lose to do succesfully as a professional. Most likely at least 25K. It also takes years to learn and often with huge losses. You make the big money in usually only 20% of the time, the rest try not to get torn up in the markets. Its a good job for adrenaline junkies but its not for everyone.

Yes people say 90% of people fail to make it, however so do 90% of doctors and lawyers. Its about how much you want it and how hard you wanna work at it. But it most definitely IS possible.

Ken asks…

During what hours is FOREX open? Are there off-hours trading?

Very good info. I still need to the times. Closes about 5pm EST Friday… Opens…. 5pm Sunday? …but I thought I remembered someone saying 24/6… still, I def remember people saying their services are avail 24/5…
it’s 5pm EST and they just went back online. There’s my answer – they’re down from 5mp EST Friday to 5pm EST Sunday. omg I’ll have weekends in my new career… when i get there…

HowToGuru answers:

Forex market is open 24 hours a day. It provides a great opportunity for traders to trade any time of the day or at night. However, although it seems to be not very important at the beginning, the right time to trade is one of the most crucial points to be successful in trading at the forex market.
So, when should one consider trading and why?

The best time to trade is when the market is the most active and therefore has the biggest volume of trades. More active currency moves will create a good chance to catch the trade and make some profit. A calm, slow market is literally wasting of time — turn off your computer and don’t even bother!

Forex trading hours, trading time:

New York opens 8:00 am to 5:00 pm EST
Tokyo opens 7:00 pm to 4:00 am EST
Sydney opens 5:00 pm to 2:00 am EST
London opens 3:00 am to 12:00 am EST

And so, there are hours when two sessions are overlapped:

New York and London — 8:00 am — 12:00 am EST
Sydney / Tokyo — 7:00 pm — 2:00 am EST
London /Tokyo — 3:00 am — 4:00am EST

For example, trading EUR/USD, USD/GPB currency pairs would give good results between 8:00 am and 12:00 am EST when two markets for those currencies are active.

At those overlapping trading hours you’ll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market.

Mary asks…

Is there someone who can help me give me the information to always win in forex trading in 1 hour?

HowToGuru answers:

Nobody can always win….

The inability to accept this is actually the very reason that most fail.

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