Ask Your Forex Question Here

Discussion in 'Forex' started by jjshah, Aug 12, 2007.

?

have you heard or traded forex before?

  1. yes

    133 vote(s)
    66.8%
  2. no

    66 vote(s)
    33.2%
  1. jjshah

    jjshah Member

    Joined:
    Aug 7, 2007
    Messages:
    129
    Likes Received:
    6
    Trophy Points:
    18
    hi i am trading forex for a while and doing alright in it. if anyone has any question regarding forex please post here and i will try to help as much as i can.
    If you want you can see my trading journal as well under my trading journal title.
    cheers
     
    iamaaditya likes this.
  2. marcus

    marcus Active Member

    Joined:
    Mar 13, 2006
    Messages:
    809
    Likes Received:
    32
    Trophy Points:
    28
    yeah i have a question how much are you making ROE?
     
  3. swagat86

    swagat86 Active Member

    Joined:
    May 21, 2006
    Messages:
    1,073
    Likes Received:
    11
    Trophy Points:
    38
    Location:
    Kolkata
    If im nt wrong forex trading is done on lots ryt??

    I mean say if im bullish on $ i buy $1000 and keep it till it rises(positional).
    cant i do that???
     
  4. jjshah

    jjshah Member

    Joined:
    Aug 7, 2007
    Messages:
    129
    Likes Received:
    6
    Trophy Points:
    18
    Right now i am making @ 5% each month on my a/c balance.It doesn't sound much but consistency is the key in this market.
     
    iamaaditya likes this.
  5. jjshah

    jjshah Member

    Joined:
    Aug 7, 2007
    Messages:
    129
    Likes Received:
    6
    Trophy Points:
    18
    yes your are right its done in lots but some brokers allow fraction lots as well. standard lot is $100,000,there is mini lot that's $10,000 and now they are offering micro lot as well that's $1000.
    starting with $1000 you can't expect to live on it but yes you can do that.
     
    iamaaditya likes this.
  6. Prashant

    Prashant New Member

    Joined:
    Sep 30, 2004
    Messages:
    21
    Likes Received:
    0
    Trophy Points:
    1
    Location:
    Pune
    What is margin requirement? Which brokers in india provide forex?
     

  7. swagat86

    swagat86 Active Member

    Joined:
    May 21, 2006
    Messages:
    1,073
    Likes Received:
    11
    Trophy Points:
    38
    Location:
    Kolkata
    hi jjshah,

    thanks for ur reply.

    one more question do i have to finish the deal within the expiry. Or i cant keep it likle stocks in cash market?

    One more question which brokers allow micro lots?

    thanks for ur reply
     
  8. loosingstreak

    loosingstreak Member

    Joined:
    Jun 7, 2007
    Messages:
    147
    Likes Received:
    3
    Trophy Points:
    18
    Hello,

    You cant be long $ alone , if you are trading long usd - jpy you will be long usd and short jpy.

    You can look up the pairs available at any forex brokers site.

    Yes you can hold as long as you like.
     
  9. swagat86

    swagat86 Active Member

    Joined:
    May 21, 2006
    Messages:
    1,073
    Likes Received:
    11
    Trophy Points:
    38
    Location:
    Kolkata
    thanks loosingstreak
     
  10. bsrao

    bsrao Member

    Joined:
    Aug 10, 2007
    Messages:
    117
    Likes Received:
    17
    Trophy Points:
    18
    I heard about Forex trading. but Ihave some doubts.
    1. Whether RBI permits to remit the amount through Credit Card.
    2.Who are the Indian Broking firms offering the facility to trade and their brokerage.
    3 The timings of the trade.
    4. Is it necessarry to open account abrod.
     

Share This Page