How many Indians really trade forex on live accounts?Share your experiences..

Discussion in 'Forex' started by pipshower, Feb 28, 2009.

  1. pipshower

    pipshower Active Member

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    Let me get straight to the point
    I would like to know how many indians trade forex on there real money accounts ? or plan to start soon?

    Why dont we form a group altogether to help each other stay in profit

    I would like to start by being the first person to share with you this

    I am trading forex for more than 3 years but i would consider 3 years as i am being profitable and stable trading forex.
    I used broker :Oanda
    Have experience with other brokers like fxopen , liteforex but dont trust them .
    Place: Maharashtra

    About experience i would say trading forex involves risk and it really takes a understanding of price action to stay on profitable side of forex.

    I have never joined any coaching nor bought any strategy books
    I am self taught trader thats why it took me more than 3 years just to understand the pitfalls of forex. Lost mostly as newbie to learn the lesson of life trading forex. But its rule of forex that one who is consistent and improves himself/herself and tries to understand price action can make it to the success..the 5% list..
    Thats all from my side ..

    Now i would like to hear from you about your experiences..

    Regards
    Pipshower
     
    Last edited: Feb 28, 2009
  2. TFL

    TFL Well-Known Member

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    Pipshower,

    Nice to see a Forex trader. I am in the group "plan to start soon"
    From your post, you are much experienced as a forex trader, many here are not even know anything about forex, account opening procedure, rules and regulations , etc.

    Welcomes you you to discuss from the very start of a forex trader.

    What are the requirements?
    How we can open an account?
    Which brokers you think are legal?
    etc...etc...
    Then on to trading strategies...etc...etc...

    Haribird.
     
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  3. pipshower

    pipshower Active Member

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    Hello Haribird,
    thanks for your post
    I would like to share that with all
    and good to know that you are planning to start soon..
    But this thread i have started for the purpose as posted in first post.
    I would definitely start a thread where i would go from basics , requirements and how we can do it...
    First i am looking for the Indian brothers and sisters who are really lookimg into it so i would know the number of people interested and experienced in forex...
    I would definitely post all info you asked..
    And rule number 1 : Never give up...

    Regards
    Pipshower
     
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  4. ag_fx

    ag_fx Well-Known Member

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    Nice to hear from your side pipshower...

    I am currently working as a Forex Trader with Treasury of ICICI. I want to start trading on my live account too and would be game for this group!

    Luck,
    Ankit
     
  5. Aman1

    Aman1 Well-Known Member

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    nice begining pipshower. This thread looks promising. I will keep track of posts on this thread and the other you are planning to begin for basics. good wishes to you.
    Regards.
    Aman1
     
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  6. Aman1

    Aman1 Well-Known Member

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    hello Ankit,
    from your post it appear you are trading forex with icici. can you tell little more about forex trading at icici
     
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  7. pipshower

    pipshower Active Member

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    Great to have you here.
    Would like to hear from you more..:)

    Regards
    Pipshower
     
  8. pipshower

    pipshower Active Member

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    Thank you Aman1...


    I second that...


    Regards
    Pipshower
     
  9. ag_fx

    ag_fx Well-Known Member

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    Yes I do...Actually there is nothing much to be told here...We do Forex for large corporate clients, both speculative trading and hedging. Apart from that, if you have any questions, shoot them here and I'll try to answer them.

    Best
    Ankit
     
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  10. privy

    privy New Member

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    hello gentlemen
    i also want to start trading forex. but i dont even know ab. its basics. i have heard that currency trading by individual is not allowed in india so i m quite cautious also. i need help from ppl who r already trading forex coz in India even some illegal things also work almost legally. no one care ab. that. can u ppl help me plz. ???
     
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