Trading For a Living Information

Looking for a unique (even experimental) system for forex and currency fx trading that works seamlessly with Metatrader 4. Interested in your own recommendations and tools that work at the beginner / intermediate level.

I use Forex Tracer for currency fx trading. It works with Metatrader 4 and is pretty good for someone who understands the basics of how forex markets work.

It’s excellent at mining forex markets in real time and bringing back profitable spreads on currency exchanges. For an automated forex cash system, it’s a goldmine for traders at the beginner to intermediate level. The ease of use is legendary.

The Yen surged on news that the SEC brought fraud charges against Goldman Sachs. The news prompted a sell-off in US equities which heightened the sense of risk aversion in currency markets benefiting the Japanese currency. Also, oil and gold tumbled which weakened the Canadian and Australian Dollars.

News Provided by FXTimes/CMS Forex

http://www.fxtimes.com

http://www.cmsfx.com

Analyst: Nick Nasad

Open up a free practice account and start trading Forex today.

Duration : 0:9:14

(more…)

Technorati Tags: currencies, dollar, economy, euro, exchange, Finance, foreign, forex, FX, goldman, news, pound, sachs, trading, yen

I have some capital gain to report. The source is multiple very small small trading transaction of FX trading. I have both Monthly/2007 annual summary to total capital gain & individual transaction(100s in number).
I am currently using Turbotax Premium they donot have any option for FX trading.
Please let me know how can I report this in my tax return for 2007.

You need to complete Form 6781 for your FX transactions. Copy the information from your 1099-B and attach a schedule of your transactions.

Good luck, and happy filing!

I want to start successful FX trading. How can I start? any free book for Technical Analysis? any web site for trading? any tips that helping in good technical analysis. which pairs are prefered for trading.

Stockcharts.com has a "chart school" where you can learn about various indicators: http://stockcharts.com/school/doku.php?id=chart_school
There are other websites that provide good information on technical analysis.

Having said that, technical analysis takes practice and experience to use it successfully and in my opinion, Forex is not the place to learn – it can be a very expensive lesson, but it’s your money.

I follow 3 pairs and I suggest you limit yourself to 2 or 3 pairs and learn how they act both on quiet days and when economic reports are released. Trying to follow 6 or 7 pairs will spread your knowledge too thin.

A caution – based on your questions, it’s seems that you are a novice and may not understand the risks or difficulty of trading Forex. I would suggest you really educate yourself on the Forex market because you can lose a lot of money very quickly. About 90% of first timers lose their entire stake.

As for another answer concerning Freedom Rocks — stay away. It’s a multi-level marketing scheme and I have seen a lot of people lose everything. Here’s a message from someone on the Investor Village message board that tried it:

"Freedom ‘Rocked’
Both FR trading accounts have been liquidated by the broker due to insuffucient equity.
So much for the "set-it and forget-it" theory of currency trading."

http://www.leveragefx.com | How to make money in Foreign Currencies using Fibonacci Retracements and Fibonacci Profit Targets.

Duration : 0:6:0

(more…)

Technorati Tags: analysis, currency, daytrading, dollar, easy, euro, fibonacci, forex, FX, learn, profits, retracement, target, technical, trading