What are the weekly days and times according to US Eastern time when the Forex trades open and close. I understand that Forex trades are for 5 days a week but what are the days and times when the forex trading starts and ends for 1 week ?

Forex brokers generally open trading on Sunday around 4-5pm EST and close trading on Friday around 4-5pm EST. The exact time of the open and close can vary by broker due to liquidity offered to them by the banks.

During that period from Sunday through Friday, the forex market trades 24 hours a day.

I am going to turn 18 tomorrow and I’ve had a practice account for several months and have been experimenting with it all that time, trying different strategies and techniques and have found a way to keep on making small consistent profits. What I’d like to know is for when the time comes tomorrow to put in real money, what would be a recommended number of times I place a trade every day I trade forex to make small consistent profits? Good answers would be much appreciated. Thanks.

The amount of trades would depend on the type strategy your applying. Your amount of trades depends on the market itself and how many signals are generated by your strategy. Don’t set a goal of how many trades you have to enter or how much you have to make every day, the market and its movements determine that for you. Setting a goal of how many trades or how much you have to make every day is setting yourself up for failure trying to reach that goal in a $ amount. Its better to focus on trading to be successful and becoming profitable at the end of the day,week,month,year instead of how much you will make. That will take care of itself if your consistently profitable.

This is my first time for paying income tax on ForEx, being a US citizen i believe i have to pay tax on forex income, but i have no clue what do i have to do for that. Thanks for your help.

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Best Wishes,

I heard a lot of people said 90% of forex trader lose money. I wonder how long and roughtly how much the trader lose become they become the remaining 10% winners.

Most of ppl enter forex market to get a luxury lifestyle regardless of how much they can loss,they just look at the millions they can make out of this market.

How to Lose ? what to Lose ? you can make 100 trades/month , 50 winners and 50 losers and you are still in profit.

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Best Wishes,

I have recently seen the promotion of Forex brotherhood.I am planning to invest in it,but scared is it worthwhile to invest in it.I mean do they live up to the hype and claims they are making?
And how they are differnet from other automated Forex Trading softwares.Can anyone please advice .Thanks

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This software is the best software that can help increase your trading profit and user friendly.