Trading Online » currency trading

Hungarian Forint

anna — Sun, 22 Feb 2009 15:34:37 +0000

I would like to bet on the Hungarian forint to weaken against the Euro. (a) What’s the best exchange and contract for me (I’m a U.S. citizen) to do this with, taking into account volume/liquidity concerns? and (b) what would be a good spread trade — in terms of size and expiry-months — to start with? More generally, am I better doing this with futures than with a forex bank account?

Currency Futures & Options

anna — Sun, 22 Feb 2009 15:30:23 +0000

Hello, I see where you have a lot of info on your sites about currency and currency option trading. However, do you recommend a service(s) for trading CME currency futures? And/or currency options? I may have overlooked this. Thanks for your time.

How To Start Trading

anna — Sun, 22 Feb 2009 15:19:28 +0000

Hello Anna, hopefully you may remember me my name is Marcus. We spoke a number of times but not for sometime. Unfortunately due to the current economic climate I had to leave my current company. I am very interested in your site and learning as much as possible to see whether I could develop some form of income through trading. I must confess I really don’t know where to start. Could you suggest the best place and the best markets for a learner trader?? I thank you for your time and appreciate that this site is aimed at women so please say if I shouldn’t really be on here. Thank you – Marcus

Broker Risks

anna — Sun, 22 Feb 2009 13:16:15 +0000

Dear Anna, I came across your excellent article on “Choosing your Broker”. I opened an account with OANDA because they provide the services I need (online trading and multicurrency accounts with conversion between currencies at dealing rates). Their spreads are close enough for me, as I don’t plan to do “scalping” or “news trading”. The amount of money I want to convert/trade is quite large (>USD 200,000) and I’m concerned about the possible risk involved in depositing that amount of money in a trading account with them. As they say on their Web site, if they were to go bankrupt or file for bankruptcy protection, I could lose all the money in my account. How secure do you think they are? Are they one of the “good guys”with >$5m net capital? All my impressions of them and what I read about their reputation are positive, but I’m still slightly concerned about the possible risk to my deposits with them, especially in today’s uncertain financial market. Many thanks for your help with this. Best regards, Simon

Long Term Trends Euro Dollar

anna — Sun, 22 Feb 2009 13:12:47 +0000

Dear Anna, If you can tell what do you expect for a long term investment for about 2 – 5 years… Is it better to invest in Dollar or Euro…and what in short term till November and December. What do you expect Euro and Dollar outlook in the given circumstances… Hope to receive ur reply in this regard at the earliest. Regards, Zeeshan

Trading Currency Psychology

anna — Sun, 22 Feb 2009 13:05:26 +0000

Hi Anna, Thanks for sharing your experiences and insights. Your articles are very clear and helpful. At present, I am working through 2 books on how to trade currencies – 7 winning strategies (Grace Cheng) and a book in the Dummies series, and I will be taking some psychological tests such as Myers Briggs to determine how I can best use my personality traits to trade for a living. When I have completed the above I will start trading on a demo account with Interactive Brokers. Is there anything else I could be doing to prepare for rading for real? With appreciation and thanks,

Become A Full Time Forex Trader

anna — Sun, 22 Feb 2009 13:02:40 +0000

Hello Anna, Your site is an inspiration. I have been thinking of becoming a full time FX trader for the last year, and I have been reading up a lot on it. It seems risky but on the other hand it seems like just what I need. What you do for a living is what I have always dreamt of doing, and I really hope this dream can come true for me. I desire to be an expert at something, and this will give me the opportunity to do so. I am also interested in running a business without the usual hassle that traditional businesses go through, and lastly I need a business that will fit around my schedule (I have very young kids). I have never trad ed, I have been trading a demo account for a little over a month, I have been studying loads, and I am still trying to come up with my trading strategy and plan. I would appreciate it a lot if you could become a mentor of sorts, bcos I really need to do this to build some confidence in myself, I currently dont feel like I am an expert at anything, and this really seems like the perfect opportunity for me. The opportunity to make money in FX is a strong incentive, but for me it is much more than that, it will offer me the lifestyle that I have dreamt of. I hope this really works out for me. I would appreciate any word of advice or encouragement from your end. I am ready to put in the hardwork, and I just need a boost of confidence to believe I can be a part of the elite 5% that do make it in FX trading. Thanks for taking the time to read this. Warmest Regards, Kemi

Retail Forex

anna — Sun, 22 Feb 2009 13:00:28 +0000

Hi Anna Firstly, keep up the great work on the site, I find myself constantly referring to it every few days. Sorry for the e-mail but I just wanted to pick your brain about something. What do you think the retail Forex business will look like in 1-2 years from now after all this has blown over and the Governments have upped the regulations etc. I’m asking because I noticed in one of the forums that some politicians in America are asking for a “Transaction tax” to be applied to certain types of trades (CDS’s, options & futures etc) at a rate of one quarter of one percent of the gross amount (eg 0.0025% on a standard lot of 10000)and there seems to be some feeling that they might target Forex traders.?

Start Currency Trading

anna — Sun, 22 Feb 2009 12:58:33 +0000

Hello Anna, I am new to currency trading and have not yet invested any money as I’m still studying the business. Can you tell me where some good places are to get the news for fundamental analysis. Basically where is everyone else looking. I would like to study the effects of different news reports. Also, do you know of any free charts without having to open a demo account (would like to study cause and effect first). I found one at XE.com but the timescales are limited. Finally, what method of trading would you recommend for a novice. Short, medium. I originally saw myself trading shorterm, however there seem to be bigger profits ( and losses, I know) and less transactions with medium term. I would greatly appreciate any input you could offer as I am eager to learn and start demo trading. Thank you Jeff

Currency Options Trading

anna — Sun, 22 Feb 2009 12:51:29 +0000

I have never bought or sold currency options. With the U. S. dollar devaluation, I would kindly appreciate your description of how I may purchase currency options to try and overcome the U.S.dollar devaluation. I am a senior citizen with very limited experience in purchase and selling of stock options. Thank you Michael