Neural networks in currency market forecast
Forex trade is now accessible for everybody who wants to participate in it. Ambitious people who always want to achieve more especially desire to trade currencies on the Forex market. Many people also prefer work at Forex to traditional work at the office or somewhere else. If you want to trade on Forex you have to become a Forex trader. This notion means a person who profits from implementing currency trading operations on the foreign exchange market, namely at Forex, for many reasons, such as great opportunities, high liquidity and dynamics and of course accessibility to everybody who wants throughout the globe.
You may ask a question of what the duties of the trader are. The main duty of the trader is to make currency purchase/sale operations after a given period at the most suitable price. The difference between the buying and selling prices forms the income of the trader. At first blush it’s not difficult, but it only seems. Firstly, the trader has to make a choice of one of the Forex brokers. Then he must to conduct Forex statistics analysis and make important decisions, monitor how the currency prices move, read market predictions and lastly open and close positions. If the trader participates in intraday trading, this process doesn’t take too long – just about a few minutes. But most often all these actions last for days, weeks and months. Now it’s not a problem to find a method for fulfilling market analysis and making right trading decisions. There are basic spheres of analysis, namely the basic economic analysis, also called fundamental, the price patterns analysis, the technical analysis, implemented by means of special software, as well as mathematical modeling, psychological analysis, market analysis, artificial intelligence techniques, such as neural networks, expert systems, and others. The use of different kinds of analysis lies on the basis of the Forex strategy of any trader.
Source: Outlook 2020bc
Regression neural network for error correction in foreign exchange forecasting and trading [An article from: Computers and Operations Research]
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Brokerage Account2005-09-27 21:17:34 by FXCurrencyTrader
Yes, you do need to open a brokerage account and fund it. If you didn't, you wouldn't be trading anything.
You can start a standard account with a $2,000 minimum. You can start a mini account with $300 minimum.
Forex trading is great, and in my opinion, much safer and easier than trading stocks or commodities.
I highly recommend purchasing a course, and learning before you go into it. You are much more prepared, and really know what you are doing when you start trading with real money.
There are a few different companies out there that teach you how to do it. It is important to get a good education. I checked them all out, and actually, the most expensive are not the best.
is the one that I used.
I am making several thousand dollars per week, but I...
Yes2005-10-27 12:24:20 by FXCurrencyTrader
I would be happy to, but someone asked me that before, and when I answered, it was flagged. I am not sure, but I think that stock traders don't like Forex trading.
I am not sure why that is. The Forex market is much bigger, and it is recession proof. There will always be banks and businesses trading money. Chrysler, last year, made more money trading Forex than they did selling vehicles. This market is also less risky, with enormous liquidity, and no slippage. Forex has low transaction costs, much higher leverage, and low account minimums.
I just think you need to know what you are doing, and for most of us, it takes education. I didn't go and work in a hospital until I went to nursing school, and prepared myself. I wouldn't risk my money until I learned how to trade it....
FOREX2005-09-27 20:54:15 by FXCurrencyTrader
I am trading Forex, from the computer at my home. I am making several thousand a week, but I am only trading one lot. Several friends who have more money than I are trading more lots, and are making way more money than I.
It is good for me, and I am building my account, and when I have more money, I will trade more lots.
It is not something you can just go and do, you have to learn about it, or you will waste your time and your money.
I studied for about six weeks, and during that time, I practiced on a demo account.
I took live classes online, and they were great. You can take them as many times as you like. I paid $2000 for the beginners and advanced classes, but you can start with $995 for the beginners class. I figured it is less than I would spend for a...
Mr.2007-11-17 05:47:54 by u4eal
Look i will give you the truth about trading but you must realize that day trading the Stock market is a huge risk and so that is why I have switched (three years ago) to the Forex or foriegn Currency Exchange,I am by no means a professional but I consider myself seasoned. I tried like crazy to make money when I first started....I spent over Five Grand on educational classes and seminars teaching this very interesting business and finally began to earn a living and finally some real money. there is a huge learning curve, but if you want I will give you my secret weapon which has saved many of my friends and family countless hours and most often a lot of money and head banging.....lol so if you want to see how and what I do now, let me know.
Jack, thanks for introducing yourself!2005-11-24 10:44:55 by DaySurfer
I am one of those rare people who LOVE lawyers (I was a legal assistant for YEARS in my 20s and also worked in word-processing when I was putting myself through design school).
You're right about the stress, though. Lawyers work lots of hours and (especially in a firm) are expected to pretty much give up their lives for several years.
Sounds like you have a LOT of other projects, though.
I love sea kayaking. Used to go once in awhile in Seattle. And skiing (although I switched to snowboarding when I moved to Montana and don't think I'll go back to 2 sticks again!).
Day trading (I do Day Surfing) is fun. Do you trade Forex? I'm learning that right now.
Have a GREAT winter.
How to trade in currency markets — Business Line
By including currency in their portfolio, investors can reduce the overall volatility to an extent and increase returns. While using money to buy and sell comes naturally to us, the thought of buying and selling money (currency) itself seems alien.