Currency Exchange

Ajentha asked:


In forex market who is the best broker?
Like tight spread in all condition, allow scalping

slash4gunners asked:


Some people said it is very long i.e. 2 to 10 years is it true?

in evolution asked:


And also, how long would it take to be good at it? Thanks in advance.

Michael C asked:


I will answer your questions on my blog located at http://www.realforexprofits.com/blog once this question expires in a few days. Be sure to visit my blog to read the answers.

quatre asked:


and how are profits / losses calculated for a trade in the FOREX?

philkid asked:


May you provide details to support the answer. Thanks.

VH asked:


I have developed a proprietary expert advisor (trading robot) that has a 78% win ratio and a less than 20% drawdown. My monthly average is 38% compounded monthly. I’ll be a millionaire in two years, with or without investors, but since no one is promised tomorrow…I would like to accelerate this process. Advice?

nauticalpsycho asked:


Does anyone have any suggestions on a leverage limit?

Many FOREX brokers allow up to 200:1 leverage. My trading strategy is to take just very small gains (3 or 4 pips at a time) and set the stop losses way out there just to avoid a total wipeout. I never trade on Fridays either and of course close out before the market closes.

Because of the giant stop losses, I am only comfortable with around 20:1 leverage or maybe 30:1.

In other words, with a $500 margin account balance, I would only consider buying 0.1 lots of EURUSD (10,000) at a time; 0.2 lots with $700; 0.3 lots with $1100 and so on…

Does anyone out there use the same strategy as me and feel comfortable with higher leverage like 40:1, 50:1 or even higher?

Sir M asked:


Hello.

I love to know what is the best Foreign Exchange (forex) Platform trading in year 2009. I want to start trading forex but still confuse to choose the best platform.

Jeramy asked:


Does anyone know what kind of percentage profits can be made daily, weekly or monthly using an autopilot system. What kind of money is lost on a daily basis. Is this a good way to make good returns forex trading? Thanks for your time and any additional forex information would be appreciated.