Discussion of Forex Trading and Currency Trading

Making money with forex?

August 6th, 2008 stanley

I just started playing with forex today, so it is likely I'm using flawed logic or don't understand it properly.

However, it seems to me that if you use a chart to track to fluctuations in currencies by the minute it is easy to pick up on trends and make money off of them that way?

Further, it seems like the currencies all fluctuate around a certain range (i.e. EU/USD around 1.5750 - 1.5725) couldn't you just buy on the low end of the spectrum (say 1.5728) and wait for it to go up to say 1.5735 (which it seems it will inevitably do) and sell? If you use leveraging couldn't you make a fair amount of money that way?

Thanks
Yeah, I'm just using a practise account.

Is Forex Killer reallly working?

August 6th, 2008 stanley

I know that it is a spam the actor playing as Andreas Kirchberger http://www.youtube.com/watch?v=LJTlA2j8Z7Q and https://www.livefaceonweb.com/order.aspx but that doesn't mean that the system doesn't work. Anybody using Forex Killer?

Bank ripping me off converting currency USD->AUD?

August 6th, 2008 stanley

My mom went to the bank to get me some AUD before I go to Australia. They charged her $490-something USD for $475 AUD. Unless I'm horribly mistaken, I'm pretty sure $475 AUD should only be around $450-something USD. The rate fluctuates around the 1 USD=1.04 AUD mark, judging by www.xe.com.

How do I go about forcing the bank's hand on this? They stand by their original calculations. What should I do to get back the money they basically stole from me?
Their fee was only $5.

Egypt currency&&American currency?

August 6th, 2008 stanley

i want to know what type of currency egypt has.
&&
for example if i had $20.00 US dollars, what would that equal in egyptian money?

thnks!
:]

Is citifxpro forex broker a SCAM ?

August 6th, 2008 stanley

i saw some online reviews about citifxpro and some are positive but i have a lot of money i want to trade with can anyone leave me some feed back if you are a current citifxpro user. and how long have you been using their service and what is the typical spread for each trade.

http://www.citifxpro.com

How do I benefit from leveraging in FOREX?

August 6th, 2008 stanley

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

How does momentum and volatility work together in the currency markets?

August 5th, 2008 stanley

Is it better to be high momentum and high volatility or high momentum low volatility to keep up on daily currency levels that change ? I am not into trading per se but am interested in learning it . Serious inquiries only and knowledgeable enquiries only . I am trying to learn and not wasting time. Keep web sites to a minimum unless it explains completely these 2 questions.

Federal reserve bank of chicago currency?

August 5th, 2008 stanley

I have this $50 bill and I was wondering if it is real currency. The bill has printed on the left side of grants portrait

"THE FEDERAL RESERVE BANK OF CHICAGO ILLINOIS"
series of 1928
It has the signature of the governor, asst. deputy governor, the register of the tresury (E. E. Jones) and the treasurer of the united states (Woods).

The bill also has the little colored threads throughout the bill, but it of course did not pass the counterfit pen mark becasue it predates that ink. I shal try to attach the photos ive taken.
oops it is a1929 not sure why i typed that wrong

Is the forex auto pilot system a scam or not?

August 5th, 2008 stanley

Has anybody purchased or familiar with the forex auto pilot system.Please get ahold of me and let me know if its a scam or not.thanks!

Forex inductive doubt?

August 5th, 2008 stanley

Please clear my doubt about leverage :

I choose 1:100 on 10,000 capital on price will go up

Now i control here 1,000,000 ok

If the price go up, will i make 1,000,000 ???

I know its a very silly doubt but please clear it

Thanks

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