Forex Digest

Background: Fundamentals, with an investing strategy out of the Graham playbook (by distressed, unloved or otherwise underpriced securities). Risk is minimized by having a margin of safety, higher upside than down, and by buying into companies that can be understood and predicted down the line.

However, finding a good opportunity tends to leave at least some cash floating around. Aside from dumping it into a placeholder stock like BRK.B, moneymarket, etc. I am interested in utilizing, to some small degree, daytrading.

Basically:
(1) How is risk managed in security day trading? Forex trading?

(2) Do the few successful traders operate by intuition or determinism?

(3) How wide of a scope to most traders take? Ten stocks? One hundred? All of them? Similarly, how wide of a scope do forex'ers employ?

(4) Is there a way to get a hold of raw market data, outside of the wacky software like eSignal, etc?

Please do not try and pitch a trading system. Thanks.

Once you are able to learn the basics of online trading, you won't need to ask for specific details like the ones you ask. You would know how to figure out the answers for yourself. And of course, be able to trade profitably on your own.

A Free Basic Hands-on Training is available at http://finance.groups.yahoo.com/group/cu rrencytrader/.

2007-09-16 12:15:05 by TSSA!

For a Free 10 Day Trial of our Live Forex Trading Room www.DayTradingForexLive.com

Hi, I'm looking for an automated system that will help me make profitable forex day trading. I have no idea what something like this can cost. Just doing research so I guess any answer will be valued.

There is a site at http://www.forextracergold.com that offers an automated system and can be used for day trading.

2008-08-03 11:44:16 by erikasoon

This is just a couple of paragraphs a copied and pasted from the bottomm links ( this is a fairly long article). They helped me a lot when i was researching about short/long term forex strategies and tips. All the rest of the helpful articles are in the 'forex resources' section on http://www.forextradinghq.com


In order to profit from the forex market, you will need strategies and also the will to change these strategies. Traders who lack a well thought out trading plan are prone to panic and confusion, when unexpected swings in the forex market occur. Many traders will tell you that trade driven by emotion is the fastest way to deplete your funds. Whether or not you are using a technical or fundamental style, it is still essential that you have a proper view of the market.

Developing your own trading style is a time consuming process and is often acquired through trail and error. It is unfortunate that there is no ‘golden’ rule’ to trade in the forex market and technical and fundamental styles of trade won’t be successful all the time. Successful traders often have a unique style of trading and take up various strategies during a trading session. Only continuous practice will help you gain a feel for the movements of the forex market.

2006-11-17 07:27:48 by Arnold S

I'm very interested in buying a Multiple Monitor Computer System, for my Day Trading Business. I use Several Stock and Forex Trading Programs, but I'm tired of using four different computers. All these day traders, on the ifomercials and on Wall Street, seem to have these Multi-Monitor PCs, with only one mouse and keyboard. Where can you get something affordable, like that? I also read about it on Wikipedia, so I know they exist. Someone told me that I could upgrade my existing computer, by installing another video card, but I don't want to get involved in all of that. I just need a nice, four LCD multiscreen system, for under $3000. Any help would be appreciated! Thanks!

Trading computers are getting popular now, so they are getting cheaper. I got my Triple LCD multi-screen PC, from:

http://multi-monitors.com

It was around $3k, with LCD Array. They have a very affordable brand called Super PC. Mine runs like a champ!
Best computer I ever owned, by far!

There are two other really good companies, but they are still
charging yesterday's prices. The technology is not that expensive anymore! So, Multi-Monitors.com, is the way to go.
I initially found them, through their Multi-Monitor FAQ website, below. Check them out, and good luck! We need it, in today's markets!

2008-01-22 00:55:54 by Adam

My trading system required end of day char for forex where 'day' ends at 5.00PM EST.
I use VT Trader for charting, but I am not sure if it is reliable broker.
My trading system required end of day char for forex where 'day' ends at 5.00PM EST.
I use VT Trader for charting, but I am not sure if it is reliable broker.

Clarification: I have my systems that work well (5-30% per month on capital by risking 3% of capital per trade). I just want to know a good broker with good charting package with specs as above.
Thank you.

aayrahson, A great forex system means you need to have high probability trades. You also need to be aware of all the currency pairs in real time. Hopefully this blog can help. http://www.whatisforextrading.com/blog/ Remember, no trading will be fool proof, so be cautios about the claims some trading systems make.

2008-06-13 09:06:42 by aayrahson