Forex Foreign Exchange Market Knowledge Base
Taxing the money made in Forex market? I live in UK! First Question: Do I need to pay tax on the money which I have made in forex Market (Foreign Exchange)? Somebody told me TAX already is included in the pair spread and you don’t need to pay any extra tax! Something like spread betting that is tax free! Second question: If I have to pay tax on the money made in forex market, How would I pay it? I am full-time employed somewhere else and my current company takes care of taxing my current income. What is the most efficient way of taking care of this extra money?
How can I enter the Foreign Exchange Market? I would like to enter the Foreign Exchange Market but I realy know very little about it. Does anyone know where I could get some accurate information (e.g.: websites)? Are there any good books I should take a look at? What about the Forex programs advertised on the television? Are they worth looking at or are they just a waste of money?
Foreign Exchange Market Books? Can anyone reccomand me good reading material about the Foreign Exchange Market. I came across a lot of books but i don't know which are good since they don't have that much comments online. Please recommand some books that you know are good and helpful from personal experience. I am just starting Forex and would like to get as much info. as i can. Thank you :)
Question about Forex market in India? I'm interested in doing forex trading in India, because I think the capital market there is pretty stable and people have good discretionary income. However, my understanding is that RBI strongly regulates the forex market partially because it is afraid of possible currency manipulations by large institutions. And since it is possible to have a very high leverage in this market, people could lose a lot of money without enough prudence, and the government is aware of this, trying to control the forex market to a certain extent. So my question is, how much does the Indian government want to control the forex market, and what kind of rules and regulations regarding the forex trading and the relevant market are put forth by RBI? Are there any available websites or documents pertinent to the foreign exchange market in India I can take a look at?
Currency exchange at a bank? I always assumed that you needed to use an online dealer/broker if you wanted to make money through Forex (foreign exchange market). But then I came across this webpage: http://www.ehow.com/how_4928810_money-foreign-exchange.html That basically says to exchange currency at a bank yourself, in person. I just want to know why this wouldn't work. Obviously you wouldn't have the benefit of leverage, but this would also minimize the risk. For one thing, there's no dealer to automatically cancel your existing trade in case you start to lose more money than you can fund, so you could wait for the currency to rise in value again before trading. Also, you wouldn't have to lose out on the spread that the dealer makes a profit from. But what about the fees that banks charge for currency exchange? And is a bank going to be the most economically-efficient place that you could go in order to exchange currency? Could you actually start to make significant profits through forex by exchanging money yourself through a bank or somewhere else where you could exchange one country's currency for another's ... instead of going through an online broker?
I want to Learn about Forex Market? "Foreign Exchange" is the simultaneous buying of one currency and selling of another. I understand is a good business but I have no knowledge about it. I read books but could not understand the trick. Can someone put me through all the steps and tricks I need to trade in the forex market. Thanks.
i have a question in economics about foreign exchange ..thnk u? 1.The foreign exchange market is where (10 points) currencies are exchanged services are exchanged goods are exchanged capital is exchanged 2.The foreign exchange rate is defined as the (10 points) price at which one currency exchanges for another rate or the speed which the currencies of the world are traded volume of the world currencies traded None of the above 3.When a currency decreases in value relative to another currency the currency has (10 points) depreciated decelerated appreciated accelerated 4.Assume yesterday one U.S. dollar exchanged for 115 yen. Today the same dollar exchanges for 110 Yen. We can conclude that the (10 points) dollar has appreciated relative to the Yen dollar has depreciated relative to the Yen Yen has appreciatied relative to the dollar Both (b) and (c) are correct 5.When a currency depreciates, its value has (10 points) remained constant against that of another country fallen relative to another currency risen relative to another currency fluctuated around a particular value 6.When the U.S exports goods and services to France, there is an increase in the (10 points) supply of dollars supply of Euros demand for dollars both (b) and (c) are correct 7.In the Forex, which of the following increases the demand for dollars (10 points) Japanese interest rates rise relative to the U.S. interest rates the expected future exchange rate falls the U.S. interest rate increases both (a) and (c) are correct 8.Inflation rate in the U.S. is higher this year relative to the inflation rate in Europe. What happens to the value of the dollar in the Forex (10 points) the dollar depreciates; the Euro appreciates the dollar appreciates; the Euro depreciates the dollar depreciates; the Euro depreciates you can't tell without knowing the inflation rates 9.Assume that GDP growth in Canda is higher than that of the U.S. GDP growth rate. What happens to the value of the Canadian dollar relative to the U.S. dollar (10 points) Canadian dollar appreciates Canadian dollar depreciates the U.S. dollar appreciates both (b) and (c) are correct 10.The Japanese develop a cure for baldness and that cure is only available in Japan. What happens to the value of the dollar relative to the Yen (10 points) the dollar depreciates and the Yen appreciates the dollar appreciates and the Yen appreciates the dollar appreciates and the Yen depreciates the dollar depreciates and the Yen depreciates
Do forex trading bots really work? I have been looking into the foreign exchange market & saw there were a lot of different types of softwares called "Forex bots". I wanted to know if they really work, or are they just a scam? I don't want links to the answer, I just want it in your own words, or experiences on how the forex bot works.
Is following the medium-long term trend the best way to spread bet currencies? I just have a curious question on spread betting the foreign exchange markets or forex and if the best way to trade it is by following the medium-term to long-term trend, i.e. a few weeks to a few months? Is this the best way to trade it as this is what I did with my practice account and gained 426% in 2 weeks? Is this the best way to go about it as I know currencies usually trend long-term? Please help/advise. Thanks.
Is it true that currency trading creates a new millionaire everyday? I have learned and I'm currently learning more and more about currency speculatrion, and I've set up a practice account. I know that the foreign exchange markets (Forex), creates more money in profits everyday than the entire stock market in 1 year which is a collosal daily intake of $3.8 trillion per day, about $1.5 quadrillion in 1 year. I also know that there are only 5% of currency traders that succeed because they expand their education and practice before they do the real thing. The other 95% of traders either have a mentality and think its a get rich business, or don't invest time to educate themselves and don't set up practice account to get the hang of it, or a mixture of all three. What I'd like to know is, is it true that a new millionaire is made every day trading Forex?
Do "Foreign" GOLD COINS have 3 values? Do they have EXCHANGE RATES? Do foreign gold coins (say, Canadian Maple Leafs and other countries gold coins) have 3 values to them? 1) collectors appreciation value and 2) Daily spot/market price of the gold itself and 3) the foreign exchange value. And also, do real gold coins (foreign in this case) fluctuate according to exchange rates (FOREX RATES) . It would seem to me they should have some exchange rate since they could be used as currency if you wanted to. I am not sure. Thanks
Giving some light to foreign exchange and currency trading? Traders require education, experience and knowledge. For this cause we have founded www.pairfx.com - a friendly portal providing tips, a daily market review and answering any questions traders may have. I would really appreciate if you have some feedback on the reviews we are providing on a daily basis. Most importantly, do they shed some light over the complexity of forex? http://www.pairfx.com/market-review
Which books would you recommend for learning about FOREX trading? Or any other methods of learning? Hello I have become interested in the Foreign Exchange Market and I would like to learn about it in more detail. What ways of learning would you suggest? I personally think I would prefer books but I'm not too sure which ones exactly to pick. What do you think about this one? http://www.amazon.co.uk/Forex-Trading-Course-Self-study-Successful/dp/0470137649/ref=sr_1_3?s=books&ie=UTF8&qid=1275855273&sr=1-3 Any additional information is appreciated. Thanks a lot Also I wanted to ask whether it is worth learning about FOREX and whether it is possible to eventually gather enough knowledge and experience as a single person to make profit or not? As essentially you'd be competing against professionals... thanks
Forex Question? When people talk about the most common pairs traded on the Foreign Exchange Market you always hear EUR/USD...I was just wondering why you never hear about USD/EUR and is it the same thing?
Why aren't more people trading in the forex?!? 2 trillion dollars traded each and every day. 400:1 on your money. Currency is not easily manipulated, unlike corporations. With proven systems available to the average Joe, why is this forum not loaded with questions pertaining to the foreign currency exchange market?
is Forex a good place to start? I have absolutely no portfolio so is the Forex worth getting into these days, is it a good market to dabble in? I have heard that exchanging currencies is easier for beginners then buying/selling stock, is that true? Was thinking about throwing a few bucks or so into the Foreign Exchange to play with. I don't expect much of a return, in fact I may very well lose it but I would like to give it a shot. Any pointers??? Where to begin??
Does anyone know where to give me GOOD FOREX advice? Ive been poking around the FOREX and have downloaded the software from FXCM.com. this has been going on for the last year or so and every training video hasnt quite been on the mark. does practice make perfect in this market using the tech data analysis? using what i knew two days ago, i knew the GBP would jump, but training set my stops too high and i lost $80 when i should have made $600 +. the economy and foreign exchange is my future but i need someone to put me on the path to succeed. ps: bots and signals are an absolute fail, please do not recommend.
Questions About Stocks? I was wondering if you guys could answer a few questions about stocks. 1. On sotck trading websites it say $9 per trade. Does that mean 9 dollars per stock you buy or 9 dollars per transaction. 2. Fees. Ok the fees seem pretty high on trading stocks. Do you guys have any good sites/brokers you use that you use or ways of keeping costs down? 3. Do any of you have any good tactics that you use to make money with the stock market. 4. I have heard that foreign exchange of curency/forex is forex easy to trade and is it posible to make serious gain from it? -thanks, Josh
Will Americans be able to compete with the Chinese? 1. The Chinese minimum wage is around 600 yuan (USD80) per month. Americans minimum wage is about USD5 per hour = USD800 per month Minimum wage Americans USD800 vs Chinese USD80 http://www.chinalaborwatch.org/2006%20ed... 2. In terms of food, China basically is a Self-Sufficient country. Therefore Not Necessary to buy other currencies for food & shelter. And that's partly why their foreign reseves are growing. 3. The Chinese Foreign Exchange Reserves is USD1,400 Billion. http://en.wikipedia.org/wiki/list_of_cou... If US urged China to float their currency without the existing fixed bands, would this help to compete with China? (US hoping that the Yuan will increase and labor become expensive hence certain products in China becoming costly & that all factories could be shifted back to US) With 1.4trillions reserves, forex mkt is in their hand. Additional Details 32 minutes ago Just like the japanese who have lots2 of foreign reserves, the Chinese too can easily interfere in the forex open market (throw away their Yuan to make it cheaper) to determine the value as they like.
Start Forex with $500? I am very new to investment. But since I have strong interest in the financial market, I decided to use $500 (the amount I can let go if I fail) and lean from actual trading... ... OK, I really want to make some money. I thought I would do stocks, but since I have to pay $10-13 commission through online brokers, $500 initial deposit will go away pretty soon. And I want to start making money fast. So, I am now thinking about foreign exchange. There are terms that I do not know. Would you please explain what Spreads and Pips are? If I use online trading like FXCM for USDJPY, how much are they going to charge? Which currency has the most return (most risk)? I want to know your experiences. I know I sound stupid because I do not know anything. I am sure many of you will say to put the money in CD or mutual fund. But I am looking for a way to make money instantly. Thanks for your help!
Primehill Investment Services - Scam or Not? I was a former applicant of MegaTrend here in Cebu, Philippines. This forex consultancy company advertised itself as a marketing arm of Primehill investment services and I just want to ask the experts here if this is indeed a genuine Foreign Exchange broker. I'm currently looking for a job right now and I don't want to be associated to any bogus companies since it might give a bad image on my resume. At first I really thought this firm was genuine but as I got to look at their website I'm having second thoughts. Though I have to admit, it seems to be pretty real since instead of taking spreads, the firm instead charges a broker's fee of $70.00 for every lot traded. You can go to their website here: Primehill Investment Services Ltd Any feedbacks would be greatly appreciated..thanks!
Is it true that currency trading creates a new millionaire everyday? I have learned and I'm currently learning more and more about currency speculatrion, and I've set up a practice account. I know that the foreign exchange markets (Forex), creates more money in profits everyday than the entire stock market in 1 year which is a collosal daily intake of $3.8 trillion per day, about $1.5 quadrillion in 1 year. I also know that there are only 5% of currency traders that succeed because they expand their education and practice before they do the real thing. The other 95% of traders either have a mentality and think its a get rich business, or don't invest time to educate themselves and don't set up practice account to get the hang of it, or a mixture of all three. What I'd like to know is, is it true that a new millionaire is made every day trading Forex?
Highly Recommended Foreign Exchange Blogs? Will someone please recommend a couple of solid blogs that clearly and systematically detail events in the FOREX market place, rationale behind market fluctuations (i.e. Other than spook talk by Trichet about inflation and more along the lines of Yen/Euro carry-trade or why 5.5% unemployment clearly drives declining parity), and solid insight into what is going on. I have looked over many blogs and haven't found anything insightful.
The best deal for Forex automoney? I have searched all over the internet for the absolute best offer. So far the best I found was at http://moveto.ws/tpc0rg3pb Anyone know of a better deal? I have searched: Forex automoney http://moveto.ws/tpc0rg3pb accu rate accurate exchange accurate forex signals acm forex action forex auto forex trading automated forex automated forex signals automated forex software automated forex system automated forex systems automated forex trading automated forex trading software automated forex trading system automated forex trading systems automated trading automatic forex automatic forex cash automatic forex system automatic forex trading automatic forex trading software automatic forex trading system automatic forex trading systems automatic level automatic money automatic systems automatic tools automatic trading best forex best forex signals best forex trading best forex trading software broker forex trading canadian dollar forex canadian exchange rate canadian money canadian to exchange rate capital forex cfd cfd cmc cfd trading cmc market cms forex cms fx commodity trading conversion money converter money currency currency course trading currency exchange currency exchange forex currency forex market currency forex market trading currency forex system trading currency fx fx trading market overview currency overview currency trading market currency currency pairs currency rate currency rates currency trade currency trading currency trading basics currency trading signals currency trading strategies daily forex day forex day trading day trading forex day trading forex currency direct direct forex discount brokers discount stock brokerage easy forex ebook forex euro forex euro money exchange exchange rate exchange rate money exchange rates exchange rates money fibonacci forex fibonacci retracement forex fibonacci trading fibonnaci forex fibonnaci retracement forex financial software forex trading foreign currency trading foreign exchange foreign exchange market foreign exchange money foreign exchange rate foreign exchange system foreign exchange trading foreign money forex forex account forex accounts forex acm forex affiliate forex alerts forex analysis forex arbitrage forex auto forex auto money forex auto trade forex auto trading forex automated forex automoney forex automoney review forex automoney scam forex autotrading forex basics forex bastards forex blog forex book forex books forex broker forex broker no overnight interest forex broker review forex broker reviews forex brokers forex calendar forex capital forex capital market forex cargo forex chart forex charting forex charting software forex charts forex com forex contest forex course forex currencies forex currency forex currency converter forex currency exchange forex currency rates forex daily signals forex day trading forex day trading signals forex demo forex demo account forex directory forex dollar forex ebook forex education forex enterprises forex exchange forex exchange rate forex exchange rates forex financial forex forecast forex forecasts forex foreign exchange forex forum forex forums forex free training forex funds forex futures forex fx forex guide forex hedging forex indicator technical trading forex indicators forex info forex information forex investment forex investments forex killer forex learn forex leverage forex made easy forex managed account forex managed accounts forex margin forex market forex market forex trading currency overview forex market hours forex market trade forex market trading forex markets forex markets com forex mini forex mini account forex online signals forex online trade forex options forex pairs forex pip forex pips forex platform forex platform trading forex platforms forex predictions forex quotes forex rate forex rates forex review forex reviews forex robot forex scalping forex scam forex school forex se forex seminar forex seminars forex signal forex signal provider forex signal service forex signals forex signals software forex software forex solutions forex spot market forex spread forex stock forex stocks forex strategies forex strategy forex street forex system forex system trading forex systems forex taxes forex technical forex technical analysis forex tips forex trade forex trade alerts forex trade signals forex trader forex traders forex trades forex trading forex trading alerts forex trading basics forex trading charts forex trading course forex trading education forex trading forex forex trading forum forex trading guide forex trading hours forex trading info forex trading information forex trading news forex trading online software forex trading plan forex trading platforms forex trading programs forex trad
HI there.. i want to know some information and facts about Forex? I want to know how many Foreign Exchange Markets in the world?I mean the markets that an individual can trade currencies.I found many websites that allow any one to open an account and start trading such as www.forex.com and www.fxcm.com.what i want exactly to know is, how many Foreign Exchange Markets such as www.forex.com and www.fxcm.com..etc are exist in the world ?And which one is the best in term of profitability and safety.And why there are many different softwares and which one is the best??
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