Does technical analysis actually work for the long term?

That is hard to answer. In term of does it work, yes it does. TA increase your chance of success to be more than 50%. Mine is 62% with over 10.000 trades for every quater. Do not expect TA give you a true shoot 100% accurate because it cant. In term of long way, it does not depend only in TA but also on risk management and many other things. What I mean is the success not only come from TA nor the lost not only because of wrong TA anaysis. Hope it help Will Vu

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Generally speaking, is forex riskier than investing in stocks (particularly the NYSE)?

Yes and no. Yes if you are not wel capitalize and play too much with leverage. No, the leverage will be your friend if you play it well. My mentol were milionaire trading stock and he moved to forex because of same reason. “With about 100.000$, you can make a living in forex” Huyen

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What courses should I take to become a successful stock and forex trader?

Start with aiming the right target. You need to find your mentor, not your teacher. Teacher can teach you skills in Technical Analysis and some can teach Fundemetal Analysis but could not transfer to you the philosophy, the emotional control, fear and greed control etc.. So for TA and FA skill go for any chance you may have, but I suggest a normal online trading blog will do. Babypips .com is one of the simplest yet funny way to approche the very first. Japanese Candle from Steve Nilson is the book tou also need to consume for TA basis. Anything […]

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If I have 5,000 USD and with all skills and risks being equal, how much profit can I get from Forex vs. stock trading?

You will get much more. Here are reasons: liquidity : forex liquidity is top market with 5 trillion $ transaction aday. Fee: stock you pay quite much more fee in amd out a positions, in forex the spread is thin, specific is like 5$ for each 100.000$ transaction. Swap: over night swap in forex much more lower Leverage: forex provider some up to 1:2000 Cost of a transaction: with forex you can start pretty much with 5k, in stock maybe you can buy 100 share of bluechip that limit your possible gain

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I have a stock market simulator account with Investopedia and they gave me $10,000 virtual cash. For the past 2 weeks I have been making $300-400 daily. Am I ready to go into the market?

Do it 2 more times and yes, you can start play with real market. Keep in mind this: Demo is something rosy for clients to join, it is the most effective tool from brokers to show how easily you can make money with them. Real is totally different. But yes, winning in demo is essential steps. There are bucket shop that make demo supper easy ( fill your trade with positive slippage – so you have you trade winning right away when you enter the trades). But also have Dealing Desk to control your real trade after with opposite direction. […]

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How much money did Forex traders lose before they became professional and profitable traders?

In term of financial it took me around $100.000 until I start gaining. In time it took 4 and a half years In chance it took me $250.000 – the salary I should gain if I spent 4.5 years in last job instead quit and go for forex. Some of traders I know lose about the same before they are profitable.

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What would happen if everybody knew about Forex and traded on it?

That would happen: Market size will raise from 5 trillion to a larger number. So more liquidity, spread will be much more lower. More brokers will join the games to servers that amount of traders for their commission and fee. More advisers will join the market. Everyday the main TV channel would be how the market move today and what NEWS will move the trends. Banks competitive higher: Bank have to work with brokers to reduce the deposit and withdrawal fee to share the market. Every traders will have a direct access card to withdraw balance from trading account to […]

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How low do you set your autoclose when trading online?

I have a tool to calculate risk and but the lot size for me. What I do is just decide entry point, SL and TP point. Once the trade run, this how it happen: either the SL, TP get hit either I close the trade when I see some price action may go again my trade ( i also use tool, just decide to close, this will close for me. it can happen that the trade run over the weekend and get a hidden gap for SL and TP that result more loss or more profit than SL and TP […]

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