Has anyone used DNAFXTrader forex robot from www.dnafxtrading.com? Can you really make money autotrading with it?

They show live 3rd-party verified results with over 50% gains for 2010 already. Seems like one of the better expert advisors out there.

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I am reading from here:

http://www.babypips.com/school/fibonacci-who.html

And this is the explanation given, but I am confused, because the picture shown on the next page doesn’t match:
"A Swing High is a candlestick with at least two lower highs on both the left and right of itself.
A Swing Low is a candlestick with at least two higher lows on both the left and right of itself."

Can someone give me a better, in-depth, thorough explanation of what these "Swing Low" and "Swing High" candlestick patters are?

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i’ve 0 knowledge about thesse things

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Okay guys so I opened up an account and brought a years worth of day trading experience to the table when I started with Forex. Things went great I was up 1500 before I knew it but I just hit a snag that I don’t know how to overcome. Here’s the issue I invested in a currency AUD/CAD but its down -48. pip and its costing be -1500$! I have never seen this happen in Forex before to this extent. I have seen things go down maybe -10 pips Tops. If this was a Stock I would of folded a long time ago because I know company’s can pitfall but a WHOLE countries pit falling in currency Its hard to believe. It’s been like this for 2-3 days now, should I fold and take the loss or should I stick around for it go up?

Thankyou

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i am new in forex trading. i want to buy a mobile for forex trading as the market moves in my office hour. so which mobile will be better? blackberry, nokia smart phone or iphone

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Basically I was trading last week, buying USD using GBP at 0.05, and the margin was £10 for each open position, with an equity of £200.
However today I opened d same position at buying USD using GBP at 0.05 and the margin for one each open position was £80!!.
I though the margin is fixed depending on the currency you are buying?.
Help because I was planning to start live trading soon.

how investors get money in forex trading? is it true that if someone loss money other will make a profit?

I tried 1 monthtrial account need suggestion should i go for the real ting now?

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1. I read that trading Forex can be very risky. How is this different than travelers exchanging currencies when going abroad? Do Forex traders and overseas travelers carry the same risk in terms of exchanging currencies?
2. I read that you have to buy currencies in lots. Can you do it with a few hundred dollars without the use of margin or leverage?
3. Trading stocks requires for funds to settle if you don’t have daytrading power. Does trading the Forex require the same if you sell a position and want to get into another right away?
4. Will I be able to hold the currency position that I buy indefinitely the same way I can with stocks?
Thanks in advance!

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hi, i have opened a demo account in MF Trader. i don’t understand the market. what are the two bar graphs represent. i even don’t understand when should i sell or buy . please help me . i am new in forex market.

Hi, Im 16 years old and living through the last couple of years ive realized no job is safe, and that i want to be successful and live a long, healthy, and great life without having to worry about financial problems. Ive been reading about forex and practice trading on a mt4 platform but i was just wondering if anyone had any books or programs to recommend, thank you

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this businss realy can make money,if i get more capital i can do more profit.now with USD 9k i can make daily around usd500 to usd600.if anyone out there want to fund we can discuss about profit sharing.who join with me in this business i can 200% said that u not going to regret!

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i’ve somehow met a lot of people that trade forex. I trade the other 2 relatively well.

I’ve never traded forex before, but after looking at the charts for a few currency pairs, 2 observations:

1. There were many bear traps and other kinds of manipulations, almost as if some large fund / bank was triggering buy signals only to sell out.

2. It looked like there were many algorithms going off.

3. Common indicators didn’t really show much efficacy.

It could just be the particular pairs I was looking at during that point in time, but my impression was that it is a lot easier to make money from commodities, which has much more meaningful trends.

So why do people trade forex?
Do people actually find meaningful patterns to trade off of regularly?
It seems much more difficult.

thanks

3.

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Hi

Just wondered if anyone knows the tax laws on trading forex from France.

If your in full time employment how is tax paid on forex profits?
If you were made redundant ,would you still recieve monthly goverment payments or would the forex profits be taken into account?

If you have any other info relating to French tax laws on forex please post.
Thanks
Ronwizfr

Thanks,great info

"If the Forex trading is part time and the profits are "small" with respect to your main source of income"

Do you have any figures on this?

If not ,I would say my forex earnings after the 1st year would be equal to 50% of my salary ,in your opinion would that qualify for the 30% breacket?

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with[o/h/l/c] and with volume.

""Year 1) ,000.00
Year 2) ,000.00
Year 3) ,000.00
Year 4) ,000.00
Year 5) 0,000.00
Year 6) 0,000.00
Year 7) 0,000.00
Year ,280,000.00
Year 9) ,560,000.00""

Nah that’s unrealistic. Something realistic would probably look like.

1) 10,000
2) 20,000
3) 30,000
4) 40,000
5) 50,000
6) 70,000
7) 90,000
120,000

If I started out w/ a million, I’d go for no more than 20% return a year.
I do invest my own money. However, according to the way I trade with my starting capital which is not that much, it’s hard to make a living out of Forex. Let’s just say 1 pip = 1 buck and I make 200 pip a week. 800 pip a month would = a very low paying job.

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Guys do you know any good online forex trading website which I can rely on?

Hi,I’m considering going to stay with a friend in Russia and will be doing short term trading of stock’s and forex online while there.How much tax would i typically pay as an Australian citizen?
Thanks in advance.

I am a beginner in Forex Trading. Please try to suggest improvement strategies. I recently started practicing on (forex com) website and I understood the basic concepts of pip, p&l, bid and ask.
I am only looking at an initial 1000 pound investment, which is approx 1200 euros, and I am following the EUR/USD closely.
Initially, I plan on buying 300 euros.

I calculated a general scenario. If I ask at 1.41626 and bid 1.41712 = 86 pips will fetch 0.258$. i.e. 20 cents every time such trade is made. Even if I put 4 such scenarios, its 80 cents.
This seems ridiculous and will take up months or years even to make 100$.

I read many traders start with small investments, does it take so much time to make a return?

One more question I have is how much should I rely on the daily market indicators (candlesticks) open, high, low, close. If the data is reliable then one can put an order in advance, the next day, to buy at a price near the closing price of the last day and after buying if the value never gets to the bid limit on the first date then will the order have an expiry date? Is this a reliable strategy, that way there is a possibility to get at least 1000 pips.

Thank you for reading.
Thank you for so many insightful responses. Can anyone suggest just one or two (retain sanity, there are so many websites) forex websites which you use, are credible and offer good leverage without duping the customers just as the customer is making a profit? (forex offers 100:1 leverage)
I will certainly gain more knowledge on leverage and forex basic before proceeding.
I am currently practicing on the website forex (avoiding full website hyperlink) but I am unsure whether to follow it in the future with a later account as I have heard some dissuading reviews, about the site on forexpeacearmy.com and babypips.com, stating that it d/c you just if your account is going up. I have went through forexpeacearmy listed websites but some of them ask for a min 10K after 15 day trial, wheez.

Thank you.

I have spent over a thousand dollars looking for a forex method that works; robots, charts. Would it be advisable to hire a professional service to run my account, or is there something better ? Please any ideas will help.