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Can Forex Trading Make You Rich? - Investopedia
/r/Forex Trading Community
Welcome FXGears' Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /Forex is the official subreddit of FXGears.com, a trading forum run by professional traders. FXGears.com hosts and moderates our chatroom, and has developed such tools as the chart bot you'll find available in chat.
Can Forex gains be written off as corporate gains instead of capital gains? (DE)
So essentially I would create a company and write up the income from Forex trading on the behalf of the company in order to pay less taxes? Also, how is the situation in Germany? Tried looking up on the Internet myself but did not really make much sense to me since different sources are saying different things. So I'm looking for someone that knows or have done this?
Forex Megadroid - Can Forex Megadroid Invade the Forex Market
The invention of robots has brought convenience and superficial Forex Millennium Review intelligence to mankind. With its reliability and functionality being constantly put into test, it continues to improved and the features keep being enhanced. For the case of Forex Megadroid, the robotics invention system focuses on numeral and logical skills. This robot is programmed with different modules to be able to process data through numbers, patters, trends, graphs and other presentations. It compares and contrasts each transaction in the online forex trading and later on decides on its own.People are human. They get tired and become lazy at times. But during those times when important trades should be made, even without their presence a smart stock move would be possible trough auto-piloting. It means that another person or program will do the online trading for you. Your trades are automatically placed as if you are the one doing it. With this megadroids deployed in the foreign currency trading market, can you still identify which robot is smarter than the other That would be difficult to answer since what you can control is your own robot alone. It is still a must to build relationship between the program and you and it is by checking the market once in a while to learn your earning progress and be updated about the trend. It is still important for a human being to see and point the volatility if there is any. After all, the forex megadroid's job is to help you and not to replace you. Technology should be use effectively to maximize the result. The program incorporated to this special software should be also absorb by its users so as to be synchronized along the online currency trading process. Information about live forex trading is also available for viewing over the internet. It would greatly help to check the record and reports generated by your software daily. Learning the tips and tricks from AI units has been proven favorable to the users. You have to keep in mind that entering Forex Trading also entails a lot of patience and understanding so as to stay long in business. Impeccable machines would not be possible without our own creative minds. First of all, you need to make sure your trading system fits your trading personality; otherwise you will find it hard to follow it. Every trader has different needs and goals, thus there is no system that perfectly fits all traders. You need to make your own research on various trading styles and technical indicators until you find a concept that perfectly works for you. Make sure you know the nature of whatever technical indicator used. Secondly, incorporate price action into your system. So you only take long signals if the price behavior tells you the market wants to go up, and short signals if the market gives you indication that it will go down. https://asrightasrain.co/forex-millennium-review/
Hi, First of all, sorry for my bad english. So, i began learning forex 1 month ago, and so far i'm loving it. I'm willing to put lot of time and effort to learn trading, but i have a BIG fear. Let's say i'm gonna work hard for 5-10 years to become successful and profitable. My fear is if the market dies or close (don't know if it is possible), i don't want to lose all these years of hard work. Is it possible something like that to happen (market closure)? I really don't know if i should invest more time in it. Thank you.
Automated Forex Trading - Can Forex Robots Really Deliver What They Promise?
There are many benefits of retail forex trading. Many people choose it because it may not involve commissions or middlemen, or is a 24 hour market with high liquidity and very low barriers of entry. Along with these benefits, the forex market is surrounded by many myths. Some of the common myths are: Many people think that forex trading makes them rich in no time. But you need to understand that forex trading is just like any other speculative market, huge gains can occur but that is always accompanied by a lot of risks as well. And with any speculative market, long-term success does not come easy, rather a lot of hard work and dedication is involved. It is a very common myth that forex market is predictable. Many companies on the Internet and other media claim that they have found a scientific method, system, or indicator to predict the market. While it is true that some systems do show great returns for a limited period, the market is quick to dispose of these, usually within 6 months. Conventional wisdom alone would suggest the guy selling you a system on the Internet isn't using it himself - or why would he sell it? One of the most enduring myths about the forex market is that experts can guide the traders to untold riches. Again, experts can be a wealth of information, but seldom would any expert give away the golden goose unless it is not laying eggs anymore. And remember "experts" is a loose term where someone in a position of authority is usually placed on TV to decimate information with a hidden agenda. Just remember to second guess everything and do your own homework. https://supplementdiary.com/proflexoral-review/https://discountdevotee.com/physiotru-review/https://binaryforexuniversity.com/tradecoins-com-review/https://shockingtruereviews.com/prosper-wellness-cbd-review/
Right now my best option is to use a service called goremit that adds a couple yen to the exchange rate. Is there a cheaper way to do currency exchange by utilizing forex? It's a damn shame I didn't know about this last September when I could have gotten 78 dollayen.
I live in Canada, I’m using MetaTrader connected with a CMC brokerage. I’m a little confused on how the trading hours works as I’ve been able to trade after 4pm some days but today for example (Friday) I am not able to execute a trade as it keeps telling me “Market Is Closed”. I’ve been searching through the internet to find the hours it opens and closes but to no avail. If someone can provide me with an easy understanding for when I’m able to trade for example: XAU/USE (gold) It would be very helpful and appreciated! Thank You!
Housemate claims to be a millionaire from Forex, but can’t pay rent
I have no idea if this is the right place for this or not, but it’s the only sub I could think of for this. Let me also preface this by saying I don’t know anything about Forex, I’m just curious as to how this process works. Anyway, I’ve got a housemate who supposedly has over $4 million in a Bank of America account and another ~$5 million in his “trading” account. As of a couple weeks ago he was trying to get all of us involved in some company called KOT4X but when he explained it all it seemed like a straight pyramid scheme or some other of scam (paying $250 just to open an account, etc.). Long story short, he also mentioned specifically that he does HFX which, as far as I can tell, is just straight gambling. My question really is, is it possible that he actually has this supposed $4 million available or is it more likely that amount of money set off some pretty major red flags with the banks? Really just trying to understand how any of this could possibly be legal (or even how it happens at all) because his 10 minute elevator pitch to me made it sound like a complete scam.
How many day trades can you execute? I been trading stock but I’m only to 3 day trade and sick of tired of daily swing trades.. is there a limit or none? I’m new to forex, any information is appreciated and thanks in advance
So my dad has joined this “‘mentality” group. It’s related to FOREX investments, anyone can help me out?
He’s been acting weird and secretive lately about these ZOOM meetings that he is attending; he locks himself in a room and nobody can disturb him no matter what. I checked his computer while he was away and I found that what he has joined is something called “Freedom Alquimia: mentality and Forex”. It’s all in Spanish (we’re in Spain and are Spanish). From what he has told me the people there are making 5K a month just by trading very little and he wants that. I know that’s already fishy, but he says that he hasn’t put any money at all. So.... I’m confused. His behavior has been changing since he started this and he claims that my mum is “sabotaging” his success; and I’m just scared they’re brainwashing him or something. Maybe it’s legit but... I need to confirm somehow and google didn’t help at all.. Thank you everyone!!!
Forex trading may be profitable for hedge funds or unusually skilled currency traders, but for average retail traders, forex trading can lead to huge losses. Traders can improve their odds by taking steps to avoid losses: doing research, not over-leveraging positions, using sound money management techniques, and approaching forex trading as a business ... Forex trades 24 hours a day during the week and offers a lot of profit potential due to the leverage provided by forex brokers. Forex trading can be extremely volatile and an inexperienced trader can lose substantial sums. Spreads will vary among dealers. FOREX.com offers competitive spreads on the wide range of currency pairs offered. View our live spreads. 4. Pick your position. If you’ve traded stocks, bonds or other financial products, you know that you can usually only speculate on the one direction of the market: up. Forex trading is a little different. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act.
FULL TIME FOREX TRADER - Tells The TRUTH - YouTube
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