Showing posts with label forex online trading. Show all posts
Showing posts with label forex online trading. Show all posts
Is online forex trading permitted in india?
Posted by Ryanita
on
Monday, February 17, 2014
, under
forex online trading
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comments (0)
crazysan
I want to know whether online forex trading is permitted in india.
and what are the related laws or rules? In which firms we can trade ? International or only Indian firms.
Answer
Forex Trading is absolutely allowed in India. There are no platforms that you are restricted to. The toughest choice you will have to make is whether or not to use a broker or save yourself the money and do it yourself. Doing it yourself can be very time consuming but there is a compnay that I know of that allows you to do it yourself and it only take 15-20 minutes per week to manage it. Check out http://wiseforexinvestor.com for more infromation about this company. They give you a free 15 day trial so that you can test it out and make sure it is what you are looking for. I have been using it for a while now and absolutely love it. I wouldn't trade any other way. If you have any questions please do not hesitate to call or email.
Rex White
503-922-1475
www.rexwhite@wiseforexinvestor.com
Forex Trading is absolutely allowed in India. There are no platforms that you are restricted to. The toughest choice you will have to make is whether or not to use a broker or save yourself the money and do it yourself. Doing it yourself can be very time consuming but there is a compnay that I know of that allows you to do it yourself and it only take 15-20 minutes per week to manage it. Check out http://wiseforexinvestor.com for more infromation about this company. They give you a free 15 day trial so that you can test it out and make sure it is what you are looking for. I have been using it for a while now and absolutely love it. I wouldn't trade any other way. If you have any questions please do not hesitate to call or email.
Rex White
503-922-1475
www.rexwhite@wiseforexinvestor.com
i wish to know more about online Forex trading.?
dicky
somebody tell me which ten best Forex trading companies i should consult.
Answer
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.
Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.
Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
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Online Forex Trading - How To Get Started Trading The Forex Markets?
Posted by Ryanita
on
Thursday, January 9, 2014
, under
forex online trading
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comments (0)
mann
Keen on knowing the basic points, tips and systems to get started (and move ahead) with online forex trading.
Answer
1. Open a demo account.
2. Practise on it for a month or two.
3. Get thoroughly acquainted with the platform, system and methods.
4. Try different demo acounts with forex companies online.
5. After you've trained with your demo account, move on to a real account for live trading.
6. Choose a good broker (eg InterbankFX) supporting the Meta Trader platform. Ask for one that offers a good leverage. It's your key to profiting from the forex markets.
1. Open a demo account.
2. Practise on it for a month or two.
3. Get thoroughly acquainted with the platform, system and methods.
4. Try different demo acounts with forex companies online.
5. After you've trained with your demo account, move on to a real account for live trading.
6. Choose a good broker (eg InterbankFX) supporting the Meta Trader platform. Ask for one that offers a good leverage. It's your key to profiting from the forex markets.
How and were can I buy currencies offline?
I would like to know were some one could buy foreign currencies to maybe use it in another country or just to diversify from the dollar but dosen't want to spend thousands of dollars in computer programs (like FOREX) for online trading.
Answer
certain banks can order you different currencies. Ask you local bank.
certain banks can order you different currencies. Ask you local bank.
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Can I learn how to trade forex especially online and turn it into my full time career when I'm only 21?
Posted by Ryanita
on
Thursday, November 28, 2013
, under
forex online trading
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comments (0)
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?
Answer
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:
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:
What is the best (reliable) online FOREX trading platform?
aerofreak
Hi Guys,
I want to start trading forex online (little amounts of money), however i was wondering what is the best online forex trading platform, or "broker" to get started with. I do not live in the United States, and i would want a simple, yet reliable one which i can access from my computer!
Thanks so much
Answer
I personally traded with oanda and did not like when they would widen the spreads 10X during volatile periods. Now Istay with FxPro and MBTRading. Maybe this post can help you: http://trd-life.blogspot.com/2010/07/5-ways-to-know-if-your-broker-sucks.html
I personally traded with oanda and did not like when they would widen the spreads 10X during volatile periods. Now Istay with FxPro and MBTRading. Maybe this post can help you: http://trd-life.blogspot.com/2010/07/5-ways-to-know-if-your-broker-sucks.html
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