Forex Trading | Discussion of Forex Trading and Currency Trading

Is this a scam, I seen this ad on craiglist, Can someone explain, What exactly is Forex Trading?

March 6th, 2011 stanley

CLICK ON THE LINK

http://philadelphia.craigslist.org/fns/2198742701.html

Posted in forex trading | 10 Comments »

Forex Hedge Funds advice?

March 6th, 2011 stanley

Hi,

I am planning to partner with a friend to launch a Forex investment Offshore Hedge Fund.

I would like to read some books about previous successful FOREX Hedge Funds so I can get a better understanding of what our risks, limitations and expectations might be.

What are the top Hedge Funds trading Forex? Besides Soros, which I would call more like a Macro Fund vs our investment techniques that are going to be short-term.

Thanks

Posted in forex trading | 1 Comment »

Should i buy Forex Overdrive?

March 6th, 2011 stanley

Posted in forex trading | 2 Comments »

Is the margin in futures contracts exactly like forex or what are the differences?

March 6th, 2011 stanley

For example i know in forex you could buy 500000 euros with 2 percent in margin (10000 euros), now if the price of euros moved 2 percent down instead of up, you would lose all your money which is 10000 euros.
My question is, does the same thing happens in futures, because many people are buying crude oil futures contracts for example with expiration dates 2 years ahead of the time with 5-15 percent margin, isn’t that risky because crude oil prices could easily fall 5-15 percent in two years? Does a margin call happen here like in forex? In general are there any differences?

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Do you think a "Forex exchange" website is a good idea?

February 5th, 2011 stanley

So…do you think it’s a good business if a website acts as a forex broker that matches orders between its customers? Something like an ECN or a DMA broker…but without offering the orders on some intranet of other banks, hedge funds - but just its own customers? Like…on the fictional website "exforex.com" someone wants to buy 100,000 eur with usd and another customer wants to sell 100,000 eur. The website makes money of the spread - which here can be just one pip fixed. Because there are no middlemen and middlemen of middlemen and middlemen of middlemen of middlemen…etc. I guess this could be a very profitable idea…but there’s one problem. In order for such orders to be matched, one will need say 100,000 customers or more. So if I start such website, I don’t see how I will get thousands of customers so that the orders are easily matched, or at least some serious % of them. Even big stock exchanges like ASX have problems with liquidity, let alone a new website. I guess if I had one million in my bank account it would be much easier, but I can start such website with as low as just $50-$70k of my own money which won’t be enough even for leverage. Would you use such a broker anyway?