Forex Digest

Is forex trade profitable? How does one get started and what is the best broker to use?

Hi,

Of course forex is profitable and it is very exciting business. You may trade 5,5 days per wheek; 24 hours a day from Sunday night to Friday night.
Main rules to win:
Always have trading plan,
Be patient - market always be there
Don't be greedy,
Don't set too big goals,
Never risk more than 1%-2% of your trading capital,
Always use reasonable stop loss orders.

And note markets are not places - markets are people.

If you are interesting I could introduce you to one of forex broker leaders that is located in SWITZERLAND and Regulated by the Swiss Federal Department of Finance; audited by KPMG.
They have very tight spreads. Total 25 currency pairs Gold and Silver.
SPREADS:
2 pips for EURUSD, USDJPY, AUDUSD, EURGBP, EURCHF;
3 pips for GBPUSD, USDCHF, USDCAD, EURJPY;
4 pips for CADJPY, CHFJPY;
5 pips for NZDUSD, AUDJPY;
6 pips for EURAUD, GBPCHF, NZDJPY;
7 pips for EURCAD, GBPJPY;
8 pips for GBPCAD, GBPAUD, AUDCHF, CADCHF, NZDCHF;
10 pips for AUDCAD, AUDNZD.

LEVERAGE 1:200 default but client could chose the leverage from 1:1 to 1:200 at the account opening procedure.

MARGINS. The margin or leverage a client can have depends on the client's account equity. The table below shows margin requirements for the different equity levels:
Less than 25,000 - 0.5%
25,000 to 1,000,000 - 1%
1,000,000 to 5,000,000 - 2%
5,000,000 to 10,000,000 - 3%
Above 10,000,000 - 5%
Please note that on weekends and holidays margin requirements remains the same.

SWAPS are counted as negative as positive. Also is available swap-free accounts.

STOP and LIMIT orders may be placed as close as 5 pips from market price

TRADING TERMINAL Meta Trader 4.

Clients can choose to have their accounts denominated in either USD, EUR, GBP, JPY, CHF, AUD or CAD.

Initial account opening deposit from US$2000. From first view it probably looks high comparing with other brokers who allow mini accounts and minimum initial deposit from USD250 but it is more useful and safer because clients are more protected from quick stop out and total loss of the initial deposit in the case if unfortunately it would be several unlucky trades in rage.
This is regular forex trading account however it is allowed trading in mini lots (from 0.1 lot).

If you are interesting I could introduce you to them please e-mail or PM me (press on my name) and I provide you with further information. Furthermore I could provide you for FREE with more than 50 trading e-books and trading systems that worth more than several thousand dollars and are very useful as for beginners as for experienced traders.

If you have any questions, please don't hesitate and contact me (press on my name).

Good luck!

2007-06-12 06:58:36 by nosmaxwell

how to trade forex price action trading www.learntotradethemarket.com

I am planning to run an automated forex trading platform hosted on a server outside Singapore. Client's trading platform will be hosted on the server and trades will be executed on their behalf. Do I need a license and how do I obtain the license?

If you are trading for others, you may need a license based on your countries rules about being an advisor sort of speak. You may want to contact some of your local officals You should be okay if the funds remain in your account.

2008-10-12 20:36:44 by Infinitio

I want to attend forex trading classes then get into it seriously. I have a laptop, internet, study commerce and interested. I want to turn it into my career. But then I wonder if online forex trading will be there long enough. Can online forex trading just get finished together with my career anytime soon? Also how much could I make weekly if I'm really good by July if I invest 100$ in June?

The good thing about forex trading is that you can learn it risk free. Yes, risk free! All you need to do is open a demo account with any forex broker. You can do that in five minutes on the internet and start with forex trading. On the demo account, you will be provided with real time data that you can use to make buy/sell decisions but you will be using fake or virtual money. Since you are not using your real money, you are not going to lose even a single cent.

If you want to play tennis you need to practice. Same with forex trading, with a practice of a few weeks you will be confidant enough to start live trading.

The sites you can refer for forex trading tips, recommendations, news and updates are:

2009-04-21 00:06:03 by __A_YAHOO_USER__

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.

2009-09-03 07:12:27 by William M

I am 49 years old and trade forex for a living. Under what category, i will be eligible for migration to Singapore. I have a son and daughter, who are in college in Dubai. My wife is a homemaker. We all would like to migrate to Singapore. Can someone advise us.

For a definitive answer to your question, you should conduct a search on Singapore or Malaysian Immigration laws.

2009-10-13 07:53:02 by Joseph