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    Results 11 to 16 of 16

    Thread: Q&A for the ones just starting their way

    1. #11
      Adminus Sapiens
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      Default 10. Is it necessary to pay any taxes, trading and making profit on Forex?

      This question is discussed here Forex income tax free?

      Another point which is also important is the status of the broker you make profit with. In case the broker is a fiscal agent, in most cases it will pay a fixed tax on your profit.

      It is recommended to settle this issue with the technical support of your broker at the very beginning of your work.

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      softxone (09-12-2013)

    4. #12
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      Default 11. At present many brokers offer educational courses. Are they worth attending?

      The whole forum topic is dedicated to this question: Do you agree to learn Forex from the site of course free or paid?

      The only thing to be mentioned is that courses brokers offer vary. The same holds true of teachers. Thus, some are lucky to attend high quality courses, while others turn out to be less lucky... This is the reason for why there are so many opinions on this issue.

    5. #13
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      Default 12. What is GAP and how it works?

      Originally, gap means a space or opening in the middle of something or between things. In fact it is also a rupture in the price line, i.e. when the preceding candlestick closing in a 1-min. chart appears to be more than 1 point remote from the next candlestick opening. Forex gap can be of two types:

      1. Fast price movement at the moment of opening next candlestick a gap of not more than 10 points.
      2. Price gap which emerged during the weekend, when there are no quotations and the Dealing Centre does not work. A gap up to 100-150 points, depending on a currency rate.

      We can do nothing about the first variation of gap. Neither can we take advantage of it.

      Yet the second one can be very convenient in trading.

      We present you the topic on working with a so-called weekend gap How to benefit from the price gap and achieve a guaranteed profit?

    6. #14
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      Default 13. I often come across news in various sources. What is meant by "news"?

      News is publications of research results or decisions of certain state or parastatal financial institutions of various countries of the world.

      Most news has short-term yet strong influence upon the currency rates of the country that releases this news.

      For instance, one of the most significant indices is Non-Farm Payrolls, a monthly indicator.

      You can find more influential indices here: Leading Economic indicators which affect USD

      Another recommendation to take into account is that so-called Economic Calendars are very useful in trading. They are represented in various forms all over the Internet.

    7. #15
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      Default 14. What systems are the most effective for account depositing/withdrawal?

      There are several forum topics that will be helpful to you in terms of these questions.

      eCurrency for trading
      Depositing
      What about withdrawals via transfers in Africa?
      Bank Wire Transfer

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    9. #16
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      Default 15. Does successful forex trading require special training?

      No doubt, that it is indispensible to learn something new. However, it should be only something that you would be able to use in trading.

      For example, a Doctor of Economics will hardly show better results in trading than a simple vocational school graduate.

      As to the list of literature and choosing an analysis method, we offer three forum threads to go through:

      Forex Educational Books
      Technical Analysis Vs Fundamental Analysis
      What you need to know about trading psychology

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