i want to do forex trading with $40-$50. i want to use meta trader 4. i want cashout through paypal.. is ther any brokers?? plz help me..
$40? Its too low to trade. Now i already earn $200+/day from scalping the market. Try this http://www.ifcmarkets.com/ However they accept CC
Hey Mentos, I'm interested in your approach....I took a look at the site you mentioned. Any idea where I can take a crash course in "scalping the markets" ? or just a good place to get an understanding of the type of approach you take? Thanks
As far as brokers go, my favorite is Interbank FX. I've had an account with them for years, and haven't had any problems at all. They also offer micro lots, which means you can trade with a penny if you want to. This would be good, considering your account size. They don't accept Paypal though. If you absolutely have to have that, then you can go with FXDD. They offer Metatrader, and you can deposit and withdraw via Paypal. You can't open an account with either of them with $50 though. With Interbank, the minimum opening balance is $250. With FXDD, I believe it's $500. After it's open, you can pull out as much money as you want, and trade with what's left. If you want to open an account with $50, the only broker that I know of that accepts that is Oanda. I think you can open an account with as little as you want there. They don't offer Metatrader or Paypal though. And their charting... well... sucks hard. Be sure to demo trade until you are profitable there first. Forex isn't as easy as it looks. And when you go live, never trade with money that you aren't prepared to lose. Good luck.
Anyone have any ideas on where I can do some quick learning? at least have some idea, as I realize learning to make money in a Bear market has a tremendous learning curve, maybe I can just pick up some pointers?