I want to convert some of my money (American dollar) to the Austrailian dollar. The goal is to keep it in a savings account after it is converted, and not touch it for a few years. I just want to diversify in case the USD goes down. Now what is the easiest/best way to go about this. I looked at Forex accounts, but they dont give any mention of this strategy. They just push trading. I wouldnt mind going to a bank, but I know nothing about if they would allow me to keep a foreign currency in a savings account. Not sure what I should do. Thanks for any help.
how do I go about opening up a foreign bank account? If thats what this is going to take…

seriously, the best traders make about 15% return a year,
while some people make the same return on a 3 hours tennis match betting on the favorite (federer)!!

besides, you pay no taxes on betting winnings and you really understand what you’re putting your money into, and the crowd expectations have no effect on the outcome (contrarily to the stock market where a rumor can make you lose money)

My question: why many people still invest on stock markets? how much do they really make? and do their return outweigh the brokerage fees???

n.b: while arbitrage opportunities on stock are almost inexistent (may last for a few seconds), they may occur on sports betting once in a while!!

thanks for your professional answers,

n.b: i have a great knowledge about options trading strategies and forex markets, so feel free to go technical!
by the way , I’m from France and lately, sports betting has become legal and there is no taxation on your gains!

I am building a spreadsheet to backtest Forex trading strategies.

I want to be able to find the difference between the circled values. Ideally to put the value in cell L93.

http://img205.imageshack.us/img205/4206/yahooal4.jpg

The only hard part is that there is not always 3 rows between each number to be used. Sometimes there may only be 1 row, or there may be 10 rows.
Is there a way for excel to fetch values between two of the same number? Like between 0′s?
I am asking b/c I need to do this hundreds or maybe thousands of times. I can find the difference between the sums of each of the two columns easily, but I want to be able to do this also.

Thanks

In German:

Forex Forums – Currency Trading Community
Forex For Beginners
Currency trading for total newbies, ask the pros about the best trading system, trading methods, and techniques.
Forex Brokers
Discuss the services of different Forex Brokers with other traders and benefit from their experience.

Trading Systems
Discuss the different trading system available.

Currency Pairs

EUR/USD – Euro Dollar
Discuss the popular currency paid Euro Dollar.

USD/JPY – Dollar Yen
Discuss the currency pair Dollar Yen.

GBP/USD – Pound Dollar
Discuss the popular currency pair Pound Dollar.

GBP/JPY – Pound Yen
Discuss the popular currency pair Pound Yen

Other Currency Crosses
Discuss other currency crosses in this forum. Share knowledge with your fellow traders.

General Trading Discussions

Trading Strategies
Discuss all the different Forex trading strategies, techniques etc.
General Trading Discussions
Discuss anything related to trading and finance

Hi everybody, I have been working and studying Forex for more than 5 years and have good strategy for gaining profits. But I don’t have money to start. Is there anybody interested in investing small amount of money . I will give it back within one month with at least 20% benefits. Even you don’t need to give me the money. Just open an account with a broker and I will manage the account and at the end of the month you will give me my share.

Extra tags:

For instance: 200:1 would this mean I pay say 300 dollars in good faith to play with 3,000? Let’s say that 3,000 makes money wouldn’t I just have to pay the money back anyway? Therefor left with a 1:1 ratio? I know it seems like a stupid question but I’m very new to investing and trading and I don’t see any value in leveraging can anyone help me to see the gold behind this strategy?
Does anyone use FXCM trading station II? I used that for my practice account, are there better ones out there

I need someone to help me program an auto trading strategy for use according to ACTFX programing, consisting of the hammer, hangman candlestick patterns, they have one on the site but I want one which open a buy/sell position only after a confirming candle next to the hammer/hangman pattern.

Or if you know how I can edit the existing strategy , that would help too

Thank you very much in advance

my problem is I can’t use any of these free demos online.

I’m not an idiot but I can’t understand them. I don’t know if I’m making money or if I’m losing money. It is getting very frustrating because I want to start learning ASAP, but most the online resources are crap. I prefer taking classes, and I haven’t even found 1 in all of toronto. Everytime I try to search on google all these sites come with a bunch of scam artists trying to sell their program or online classes about how to make money. I don’t want to learn how to make money, I want to learn how to use the freakin platforms, I’ll come up with my own strategy.

Btw I’m already pretty good with stocks, it’s just that the market is horrible right now, and you need a bigger initial investment in stocks to make any decent money

I have tried many automatic robots and none of them did make any profit, only losses.
How can robot know which way the market is going to move???
Traders, please do not be naive and save your money.
All robot developers claim that their robot is the best in the world and that it made a lot of money for them. Oh yes the robot developers made a lot of money by selling the useless robots. They are just a rip-of.
Example is Forexrobottrader from Steinitz – do not buy it, you will achieve only total losses, it is just a rip-of.
Brokers are the same rip-of.
Do not deal with IGindex or IGmarkets. They trade against you and set their own rules. If you create your own strategy and you start making money they will do everything possible and make sure that you loose. They told us strait in our face that they do not want us to win.
They are just a bunch of bloodsuckers.
Wake up.
Save your money.
You have more chances of winning Lotto than by trading.
Take my advice.
You have been warned.
Ex trader

I’m currently in the process of selecting the right broker, and I’ve heard that ECN (or non-dealing table) brokers are the ones who will not try to sabotage your trades, as it would not be in their interest to do so.

But how easy/difficult is it to actually start out with the broker? Do you simply register on their website, or do you have to actually speak with them on the phone?

Aside from the minimum deposit, are there any other requirements? What I mean is, do you have to meet certain requirements in order to work with a broker, or is it simple to sign up with one?

It is my understanding that choosing the right broker is the second most important step in succeeding in this market, next to having an effective and proven trade strategy/plan.

I’ll be attending a dealing simulation session later and I’d like to know what are the ways of negotiating and making deals.

There will be two groups – banks and corporations. Students will be switching roles later, so what kind of strategy will you employ to earn as much as possible?

Currently a university student in Australia, majoring in Economics and Finance. This semester, I am doing a finance course where I am expected to go to a dealing room and start trading – dealing simulation. So, there will be two groups where companies will be quoting from banks (companies and banks).

I’m out of ideas as to how I should trade and be the best in the dealing room, in terms of strategy. Any ideas? Five stars for best answer. Thanks!

Extra tags:

hello!
i d like a little help about Forex orders ( instant and pending).
i m talking about actually HOW to fill in Take Profit or Stop Loss in both instant and pending!

i m NOT looking for tips and strategies ….i ll learn these myself.

i d like to talk over messanger for abit if possible, my identity on mess being aztec11us

i wont take long….5 min max, if the question is beeing answered to the point!
i cant ask here, as i cannot attach immages

from strategy , experience,basic rules and ….

Does anyone (esp UK residents) know anyhting about this group and their product? They have a number of trading strategies for trading Forex.

Extra tags:

then What is your Hedge strategy, How much you buy and sell

Extra tags:

Any good short-term investment strategies? How about Forex? stocks? Prosper?

Extra tags:

Any company that has used it for there business strategy…I will much appreciate.. thanks…

Extra tags:

If trillions of dollars gets traded back and forth on a daily basis, it doesn’t make any sense that everyone has to pay a spread of 0.03%, because that is a lot of money that is disappearing from everyone’s pockets, a billion dollars a day, and even if they did all have to pay it, it has to be going to someone. Someone who is able to trade for free because he is the one who keeps the profits of the difference between bid and ask. Who is that someone?

I ask because I have created an adaptive trading method that only works with horribly low spread. Too low for me to use, but it must be horrifically valuable to SOMEone out there. And when I say it is adaptive, I mean that there is no a priori strategy, it looks at the last 63 days every 2 weeks and decides on the trading rules it will apply over the next two weeks from that alone, so it isn’t adapted to any future data; it’s not cheating. Operating on the USD/JPY from July 1, 2007 to Feb 13, 2009, these are its results from one run (since it contains random variables, if you ran it again on the exact same data you’d get different numbers, but the same SORTS of results):

Commission=0.02:
Total gain=1.9586666009107498e-001
Total commissions=4.3467080397738096e+000

Commission=0.01:
Total gain=1.4452129891615770e+000
Total commissions=2.5255991687861270e+000

Commission=0.0079:
Total gain=6.0134531854447415e+000
Total commissions=1.3535088531109761e+001

Commission=0.005:
Total gain=8.3681903017587498e+007
Total commissions=2.2229280168087495e+008

Commission=0.0029:
Total gain=5.3964686183550566e+012
Total commissions=6.6395560659541475e+012

Commission=0.0019:
Total gain=3.7134772078865466e+017
Total commissions=2.0657410633892125e+017

Commission=0:
Total gain=4.7437229016568531e+049
Total commissions=0

Note that 5.5e+026 is the computer’s way of expressing scientific notation, and that example would be 5.5 times 10 to the 26th power.

As you can see, it works astronomically well with as low a spread as possible, but nothing that is given realistically by any brokers to small fish like me.

——————–
The answer I will not accept:

"there would be no one willing to facilitate trades if they didn’t get to take a cut"

Obviously. I’m asking if there’s anyone who takes a smaller cut. Or maybe a cut that doesn’t go up with trade size – after all, buy stocks with a stock broker, and it’s usually 5 or 10 dollars per TRADE. But it doesn’t matter what the trade size is. But with a spread on the forex market, with double the trade size, it’s double the commission. And like I said, whoever IS pocketing the difference, surely HE must be able to trade without a spread since he’s the one who pockets the difference! Certainly this would be worth something to THAT person. It is fundamentally impossible for everyone to lose that money when they trade because it GOES somewhere, and it certainly doesn’t COST that much to keep the markets running. It doesn’t cost anyone anything for me to enter in an electronic order to trade 300 thousand dollars for 30 million yen and for it all to be carried out by computers but I lose about 100 dollars each round trip in the act of doing so. Maybe at the very least there’s some group of people who pay, say, a million dollars a year for however much trading they want, in lieu of spreads. This trading method would make a lot more than that million dollars.
Bill Q – of course if as you say, it’s not being collected by one single group but by multitudes of middlemen, that could be a problem. But the thing is, it doesn’t really need to be ZERO – it would need to be about a sixth of what the best brokers I can find charge to work reasonably well – and as you can see from the list above, the less percentage they charge, the more actual commissions are actually collected as well so it would be in their best interests to consider it.

The thing is, that if they’re offering .03% per trade, that means they’re happy with a profit of a mere 3 dollars for one USD/JPY lot (10000 USD against however many JPY that is equivalent to). Or even smaller scale, they’re willing to settle for a dollar or so with one MXN/JPY lot (mexican peso). Yet they insist on 3000 dollars of profit for me to trade 1000 lots. No middleground at all! If they’d only settle for a mere 300, we could all make SO much money! But WHO would I talk to about possibly doing this?

Extra tags:

Well, let’s say you have a scalping strategy that can make you 25% per day. I know it’s high but lets say you did. If you start with ,000, the next day you should have ,500. The next day 25 ..
Right? Well lets say you implement the same strategy with ,000,000, you should be making ,250,000 that ONE day.
Well back to my original question, is there a point where you cant make that much per day because of the size on the orders, where there wont be no one on the other side to fill your bid/ask because of it’s quantity? I hear that Forex is supposed to be the most liquid market of all.

I know that it is extremely difficult to profit 25% per day, but hypothetically speaking.

Thanks.

Extra tags:

I’m questioning for who have been successful in forex trade. Can you give me some tips and advice on how to forex trade? Any strategy or rules?

I been using the demo account and thought of this little strategy which help me profit 200 dollars in one day for a couple of hours, but I don’t know if it works on a live account. First of all I buy as many trade as I could, and put them with a volume of .05, so that means you wouldn’t profit and lose that much. Majority of the trade will be losing money, so all i have to do is wait for one to gain some amount, and i will close the trade. Thus, profiting about fifty cent. I will buy the same trade again for a low volume. If the same trade profits again, then I will buy it for a higher volume like 1. I do the same with all the other trade. This is slow profit, but really works for me on the demo version. I’m not sure if it will be like that for the live version.

Other Forex Blogs:

• Carry Trade question??
• Unlimited Forex Practice Account – Is Forex Demo Trading Important? | Forex Moment
• Latest Forex Demo Account Auctions | Currency Trading Exchange Guide

Should I get into:
Forex?
Real estate?
Build the next Facebook?
Follow the Guerrilla Billionaire strategy?

Extra tags:

I am nearly 18, and I have a very strong interest in Forex trading. I have a practice account with FX Express and have discovered some interesting things and techniques that I’ve discovered myself on how to make money.

I’ve developed my own strategy that works everytime I trade so far, and I’m making 10% compounded everyday I place a trade. in fact I want it to be my career. I will open up a live account with real money as soon as I turn aged 18 with maybe a couple of hundred. The only problem is that my mum and step-dad say "You’ll never make a living out of it", or "You’ll lose all your money." What I’d like to know is if its actually possible to make a decent living out of Forex trading and do you or anyone you know currently do this as a day trader. I’d like to prove them wrong.

Extra tags: