138. An Introduction to DailyFX Plus

http://www.informedtrades.com --

An introduction to DailyFX Plus, a premium service offered by FX broker Forex Capital Markets (FXCM) to all of its customers.

Category:

Howto & Style

Tags:

• fxcm
• forex
• capital
• markets
• dailyfx
• dialyfx

[Fullperson]

I'm thinking of FX as a hobby. How well does practice trading on a practice 50k account provide for real trading? I fear that besides the money lost/gained emotions involved, there will be other differences between practice and reality

[InformedTrades]

Demo's in the FX market are normally a very close representation of live trading form a logistical standpoint, however as you have pointed out the emotional element of trading live money is one of the most difficult parts of trading to master. Best Regards, Dave

[woodenfootspa]

Can you simply rely on Dailyfx + technical signals then simply trade those signals to be profitable?

[InformedTrades]

Hi Woodenfootspa, While this may be possible I personally would never trade completely off of someone elses advice as I think it is important to me to understand the strategy I am using inside and out or I will not have confidence in it. I do view things like Dailyfx+ as a great resource for getting other viewpoints on the market which I find very beneficial. Best Regards,Dave

[petea1uk]

David,

may I first thank you for this excellent course. I am working my way through it at your web site. Brilliant!

Question;

Do you have any connection with Daily FX?

Do they have a mobile phone platform?

Once again thank you.

Pete

[InformedTrades]

Hey Pete, Thanks for the comment and for watching I am glad you like the videos. Dailyfx is the research site of FXCM, the company that I used to work for before leaving to start InformedTrades and focus on my own trading. If you visit my channel and watch the video before this one you will find an overview of their services. Right now I do not believe that they have a mobile trading platform but I believe that one is in the works. Best Regards, Dave

[Paulwhiteshark]

i dont think thefxcm technical analiser generate profits

[Fullperson]

oh haha yes, everyone know as soon as they hit the fx markets they've given up their souls to trade a near zero sum game controlled by 80% + speculation.

BUT... That's what makes the market easier. All you really have to do is get in the minds of those robots.

and btw, it's not a scam if you're playing for the money. The money IS REAL.

Any-who.. I have been looking at trading commodities for some time so I might just check you out

[OilTradeInstruction]

The Forex market is a scam! Look at my profile and watch my video on the forex market, it will OPEN your eyes. Then let me teach you a real market by learning to trade Oil, you cannot imagine how profitable it is and how relatively easy it is to trade if you know what you're doing. The Forex is a 100% scam market, watch my video and you'll see. Don't ruin your life trading the Forex.

David

[qiranwang]

very good question