Your Questions About Forex

Charles asks…

What is the best way to study forex market?

I would like to start trading in foreign exchange, and I am looking for tips on how to get started with forex trading? I have looked at some of the trading platforms out there, and they seem quite complex and intimidating. Your help would be appreciated.

kenspong answers:

Hi,

My name is Erny, I am 57 years old and I can give you the following advice:

The best thing for you would be to invest into a good forex program like the following one:

http://cbpirate.com/n/forexe/hilbert

After you purchased this program, check the entire forex system by trying first with an trial account. This does not cost you anything. You will see that way if forex is for you. Part of the program is also an ebook which will explain all the little secrets that you have to know about the forex sytem.

The safer way to earn money, not so fast I admit than forex, but a lot less of investment and financial risk, is to become a member of Clickbank Pirate. I am member since two weeks now and it is the first program ever that works for me.
Check it out, you have a 60 days refund guarantee.

Http://cbpirate.com/s/cbp/hilbert

Respectfully

Erny

James asks…

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

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.

kenspong answers:

“Forex robots” only actually make any money for people who sell “Forex robots”

Richard asks…

How much money should you have in your FOREX acount in order to earn an income?

I am planning to add funds to my online FOREX account and I am wondering what would be the appropriate amount of money to start off with in the account to where I can generate enough revenue to earn an income off my profits. I know you need at least $1000 just to play in the market but that amount is not enough to make money on. What would I need to have in my account to where I can start compounding the little profits that I make here and there?

kenspong answers:

Earning a living with Forex is dependent on three factors. First, your starting account balance. Second, your actual performance level. And third, your living requirements.

If you are opening an account with $500…the answer is no…you will not be able to make a living at Forex. Even $1000, $5000, $10,000 or $25,000 would not be enough of an initial account size to make a comfortable living in the Forex market.

The next area of importance is your skill as a Forex trader or the effectiveness of the strategy that you follow. If you are a 50/50 trader and win on half of your trades and lose the other half you cannot make a living at Forex. If you have the time, the patience, the discipline and the knowledge to make at least 20 pips in 4 out of 5 days of daily trading you may have a good shot at making a living from the Forex market.

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,

George asks…

Where can I find a good forex trading guide?

I am a beginner and I want to start trading forex. There are alot of complicated trading guides. Can you recommend me with a simple forex trading guide?

kenspong answers:

How about just avoiding Forex altogether? Currency trading is a highly speculative investment not meant for novice investors. The fact that you ask for a trading guide indicates you have little to no trading experience. Put your money into index-based mutual funds and try reading up on the world of investing before choosing one of the riskiest investments around.

Paul asks…

Online Forex Trading – How To Get Started Trading The Forex Markets?

Keen on knowing the basic points, tips and systems to get started (and move ahead) with online forex trading.

kenspong answers:

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 acounts 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.

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,

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