I have had the worst week ever trading FX…Does anyone have any useful hints n tips and strategy?

yes, it is very tricky now..

i have decided to spread trade only to minimize losses

i am going fr a fx training seminar with the traders uni next sat London. with greg secker
u can go too..

I am currently using iforex.com but it doesn’t give the option to trade in Indian rupees…What FX platform can I use to trade in Indian rupees…Thanks

Indian Rupees is not currently one of the major currency pairs traded online so most likely you will not find one, however, you can use your credit card to fund your account and your money will simply be converted at the current rate. you may check out also this site for more options.

i want to know which site allows to download the Fx trading software, foreign Currency Exchange Software, Stock Trading Software, Online currency trading software, free Forex Strategy Builder software, forex trading software.
I need to know few more good,popular & best Forex software,trading software and from where i can Download the software instantly and begin using it.

Downloading free system are just for demo account. You cannot actually trade there. I feel this is not a correct step of starting trading. software doesn’t help in earning good returns.Have a good understanding of the function of the market in general and those that keep the market operational. Understand, not only the market you are trading in, put be aware of all the products and services that you can upon if needed. Understand the basics of trading such as never trade against the trend, limit any & all loses by using stop orders and lock in any and all gains with sliding stops. First, you should know that Forex is not that easy. Do not believe those who may say it is!

Now, there are some good robots that MAY help you. Some are scam. Others are for real.

Simply put, a Forex robot is a program that attempts to take the guess work out of trading currencies. Currently there is a lot of information floating around the internet about these products. Like any other tool, it needs to be used properly in order to be most effective.

Like I hinted, in order to use this tool the right way you need to understand a little bit about how it works and where it is best applied.

A Forex robot is a computer or computer program that monitors currencies and does calculations to figure out the best time to buy and sell. These programs help to take some of the guess work out of buying and selling and can help a trader to identify currencies that meet certain criteria, or when certain currencies perform in certain a way. Most of the selling points of Forex robots state that you can simply set them and watch the cash come pouring in. While in some cases this may work, in most cases you are going to need to carefully monitor the program and make sure that it is adjusting to trends in the market. While they can be very profitable they may require a certain amount of intervention to be run effectively. Used properly, and if you have the patience to get to know the programs, they become a powerful tool.

For this automatic approach, forex auto pilot turbo has worked wonders for me: http://fapturboxreview.blogspot.com/ . It offers, among other features, high spread protection system and automated risk scaling. They say "95% winner". Well, only the bottom line counts. In this regard, it has really delivered for me.

I had been watching the forex robot market for months, waiting for the right software to come out. I believe I have found a great one.

Really, get the fundamentals first. Then get your own system and test it offline (do that for weeks, if not months, until your system is well tested), whether you use a robot or not. It really takes a few months – a lot of patience and resilience. But if you are made for it, it is worth it. Read about the psychology of trading (never to underestimate). And then you should be fine.

I ask because 90% of the people are losing money in FX trading and everytime I made any money, I only lost it within hours…..

Not very feasible.

Most people lose money doing it. I’ve never heard of a great investor who made all his money in FX trading (unless you count soros who could make such large bets that his actions had an effect, but then again he wasnt trading FX he was investing against currency collapse)

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.

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."