Discussion of Forex Trading and Currency Trading

explain this currency future product?

January 27th, 2010 stanley

say you need to hedge the risk of USD falling against CAD. Would the Emicro USD CAD future be the right product for this goal?
http://www.cmegroup.com/trading/fx/e-micros/e-micro-canadian-dollar.html

Presumably the trade should be to sell, since the price is quoted in CAD-per-USD, right?

Can a company storing its money in a bank in one country have that money in the currency of another country?

January 27th, 2010 stanley

Would the religious right get angry if ‘In God we trust’ was taken off US currency?

January 27th, 2010 stanley

Even though it’s against the constitution to have it on the money in the first place?

Would the religious left get angry if ‘In God we trust’ was taken off US currency?

January 27th, 2010 stanley

Even though it’s against the constitution to have it on the money in the first place?

What do you think of using a Forex Robot in doing Forex trades?

January 27th, 2010 stanley

If it works and doubles your money that easily by investing at Forex, why not everyone begins to install a software and make money automatically?
according to what answers I have received I would like to add some points:
1. I think because of demo trading facilities provided by Forex brokers you can test "Forex robots" functions and find out about their effectiveness without risk of loosing a penny
2. Actually, Forex robots exist and while they used to be used by big firms involved in Forex trading long time ago, now individuals can buy hundreds of softwares programmed for beating the market by utilizing experts’ knowledge
3. It’s amazing that these kind of softwares are available in the market with low prices yet some scams, as well.

I am new to trading environment (forex) is there an elliot wave programme that works with MT4?

January 27th, 2010 stanley

How to become more knowledgeable commodity/currency trader? Where to start?

January 26th, 2010 stanley

I am interested in FOREX. Wonder how other traders started from beginner’s level? Any tips? Thank you.

How would i convert currency if im ordering something online?

January 26th, 2010 stanley

im trying to order some shoes from the korean Fila site that aren’t sold in the U.S. and need to know how to go about the currency change through ordering online

here’s the site if it helps any: http://www.fila.co.kr/2007/filamall/index.html

Do banks charge a forex fee and insurance bond for money transfers?

January 26th, 2010 stanley

A Nigerian bank is charging $2750 fee for a forex allocation and insurance bond because of the large amount of money being transfered through an inheretance.Is this correct?Are there such fees?

Suitable Forex stop loss day trading m5?

January 26th, 2010 stanley

I am stuck between using a 5 or 10 pip stop trading the m5 charts, please help! My stratgey is based on break of support/resistance, therefore I believe a tighter stop could be used because if price is going to breakout it should not be turning back 10 pips. However I need someone experiencd to help?

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