Take a look here:

http://www.fxstreet.com/rates-charts/currencies-glance/

Fxstreet lists 34 forex pairs.

Benefits:
- Less risk.More pairs – less risk. Traders will take advantage because the market is open day/night in contrast to the daily trades among the stock market. That said, the forex traders gain several times more action with reduced risk, thanks to the combination of many pairs at once. No surprises anymore:Think about it: The european bank annouces higher rates, but the expectations were for lower rates. So, if you trade EUR/USD you will lose when you have selled. With such important news you will lose perhaps over 50 pips and if you trade on 100:1 leverage buying more than 1 lot…say goodbye to your money. Even without leverage the big players will lose, unless they utilize some industrial espionage to predict the rates that are going to be anoounced. So…if the one pair goes higher with 50 pips, else will go downtrend with 50, which keeps the balance. Of course if the balance is perfect 50/50 the index won’t move and you will not benefit at all , but in case where you have 50/25 you get your 25 or less if your predictions are in the right direction.

There is one drawback, of course, like anything in life : With so many pairs it will be impossible to rely on any news announcements. Your only hope will be the candlestick chart, perhaps combined with some additional mathematical technics(martingales, random walk avoidance, compound interest) and economical such(hedging, options..).
But isn’t the technical data the favourite to the forex traders?

So far, sadly there isn’t a "forex index" to my knowledge??? So the best you can do is simply make your own "portfolio" and assign it a mathematical value.

I plan to create a computer program(…a can do that , to calculate and trace such index value of about 40 forex pairs. If I succeed, I will post it here with link to website to see the index in action .

Thanks.

later on I get a phone call from a "David Scott" who put me through this "interview" process where he talks to me about my motivation, my goals, financial situation, financial goals, etc. etc.

bottom line is their "company" is "picking a select few" to sign on for this part-time forex training program. i have to give them 10 hrs/week. They preach a 6-12 month at-home training program where I will be assigned to an "expert forex day trader". The idea is I will learn how to become a day trader and "make 6 figure income part time." I said I’m interested to hear more and he puts me in touch with a "JP Morgan." I have to fork over k for tuition and another k to put into my own live account to trade with.

you can see i’m a little skeptical with all the quotation (") marks, but that is why i’m here. I figure many of you have signed up for demo accounts. Has anyone signed up for this newsletter? gotten the call? or better yet GONE THROUGH THE PROGRAM?

JP Morgan for one sounded VERY knowledgeable about forex. He was talking about making trades with 3% until my 3% was k-k trades. I know very little in experience but im well read in forex. If this is a scam then "JP Morgan" is probably using the scam money in the forex market.
no no, the guy’s name is JP Morgan. This has nothing to do with the company JP Morgan.

I’ll try to get a company name out of them.

What I do is look at the current trend in a certain time period, then look at Yahoo finance and see if the trend indicates the direction that I want to trade in based on fundamental news, and also on price quotes such as up; green+%, or down; red-% to make my trading decisions.

What I would like to know is if this is the best way to do my spread betting on currencies, and if/if not, is there a better way to do it?

For example:

1. Do you use some technical analysis models, such as moving average…etc?
2. Fundamental analysis such as reading the news 24/7?
3. Software like neural networks?
4. Mathematical models such as Heston, CAPM etc…

Also, what do you trade and why? For example: forex, stocks, cfd, indexes?

Thanks alot!

What are the tools and methods to predict CFD fluctuations or forex? Is it all about news about war or oil in middleeast?! Please light my dark mind.

When I listen to news, which elements are vital? Give me some examples?

What kind of news?
Which method to analyze the news?
How about to research about different stocks in CFD? Is it necessary and useful?
There are dozens of names in my instrument table, which ones shall I choose to trade?
Any book? Any online source? Any forume? Any thing I can achieve?
You see I am really confused, can you help me out?

I really appreciate your time and your attention for these many questions

1. What to buy now?
I see some people who look at the forex too "philosophically".
As I said I am newbie at this market, so they can be right, but…why someone would ask about the "Eliot theory" to make money in forex when you just can read news and predictions and see the chart???
Thus, my question is not whether Eliot works or not , but is it good to buy NZD against the USD, or against the JPY? I think thats the best deals now.

2. Is it that good???
Ofcourse forex seems very attractive to people because of the very high "leverage". In fact, I understand the "leverage" to be a credit.
Ok, it’s good when I win but if I lose, am i not loosing the brokers money? I guess then noone looses because when I loose, someone else succeeds…anyway you got it
3. Can you trust Forex.com?
That’s my broker

Thanks and have a grand new year!

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