Hi I m a forex trader. i want to share my thoughts and experience with u and get urs. I hope this thread may be bz one. If anyone interested in learning forex I may teach him. let me tell u that it is the biggest business in the world. Daily turn over in forex market is 1 trilion USD. That is simply huge and now sutitable for anyone want to trade serriously.
Im interested in a joint venture with an experienced Forex trader who understands what Binary Equation is and how it works. PM me if interested
Yes i'm one of the full time trader than earn living out of scalping market. Go to babypips.com to learn more about forex or Go to forex chat room www.fxtrade.cc
Actually i agree with you that forex is the biggest business in the world. Also, is the best way to invest your money. Mario
Forex will make you or break you. At least with stocks... You can hope one day you will regain your money back.
I am going to strat a forex tutorial from March. I will keep answering in live chatting to the learners for 2 hours daily. I will also provide them step by step basis tutorial (self made). Stay in touch. I suggest u to read the babypips.com. Don't go everywhere in the net. U might be confused. babypips is the best for the starter. Don't forget to finish the school section's all grades. If anyone experienced out of USA u can knock me. I want to start a joint venture with u. I will be in NY.from next April-May.
I too trade Forex. Trade with a definite discipline and daily target. I scalp and day trade. I am a tutor in my home town and have various succesfull pupils now trading live and doing good. We can talk about trading all day... understand the markets driving force know how to harness it and you'll be rich... lets talk
Best way I've found to make a business out of forex is start with a good amount of capital $10,000 - $30,000. Only ever trade with the trend, trading against it is for idiots if it's been going down for a month only take shorts only logical. Never risk more than 5% in one trade that's still aggressive trading, don't over leverage yourself. Never trade for trading sake rule #1 No Trend No Trade! Capital protection is priority number 1 profit comes second! If I don't see the set up I want I don't trade keeps me very profitable if your have a good system you follow. Naked punting is for f^$king idiots, if you can't explain the reasons for going into a trade close it cause your not trading your gambling. Follow my advice or blow your account up your choice I don't care your loss is my profit.
I hear you!... and don't disagree with some of the sentiments you express, however it is not quite as simplistic as throwing 30,000 at it and expecting to make money... a little knowledge sometimes is a dangerous thing. I believe that a thorough grounding in some of the more advanced chart studies and other aids to turn help one in turning opportunities into profits can be helpful indeed, however the first step is to be able to recognise the opportunity when it presents.
hello, i agree with you ..forex is best business bcoz its available 24 hours and 100 times bigger market then regular stock trading .i am in to trading since 2008.u started nice thread lot of people intrested in fx trading now a days regards
I know what you guys recommend, but what's the lowest amount of capital one can have to enter in to Forex trading?
If your going to fund an account with $1,000 I'd only ever put 1% in a trade $10 untill you can consistantly profit from it. See if you can do 5 - 10% per month if you can do that and you haven't lost your entire account within 1 year I'm impressed and you've beaten the odds and just joined a group that only 1 in 20 people will ever make it in. That 1 person is going to claim the other 19 peoples money out of the market and go on to be a life long profitable trader. If you think Forex is easy money think again, Forex dosn't feel sorry for you and it wants you to lose everything it's like war making money in forex and the battle never stops. Your trading against multi-million dollar traders what's your edge, how the hell do you plan to take their money?
Hmmmm... Well maybe your aim is a little on the high side.... 5% per day is doubling your capital monthly... based on you $1000 that could possibly be done. I have traded live for 10 years and would not advice anyone to open such a small account, it prevents one from setting realistic stop losses. Stop losses set too close have cost many beginners their capital. They get stopped out only to see that 20 pips higher the market turned to their favour and did reach the predicted TP. That is the very reason why there are so few successful traders. Scalping is a different cup of tea, but here know your pair and understand the market whipsaws. I could get out some heavy calculations to show you how difficult 5% will actually be within the bounds of good money management. Money Management of a responsible new trader would dictate that one does not risk more tha 2% of capital on any trade... do the maths and see how impossible it becomes to make a $1000 account worthwhile apart from the satisfaction of learning how to trade live which is vastly different from demo trading. I do not work in percentages, as I pocket money and not percentages. The initial investment must make it worth the effort. If the initial investment seems too much to risk it would tell me that you are not sure of being successful... stick to demo trading using a good system and a few good tools to get efficient in this mode and take the same tools into live trading ones you have become proficcient at using them. I keep my capital down to $5000.00 and have a target of making a minimum of $100 per day. As I became proficient at my profession I increased both the capital and the target. My success is based on a strict system of trading and money management. This is what and how I teach my students. Lets keep talking- Responsible debate makes people mentally wealthy and such attributes will rub off on ones daily doings.