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

[GuluGulu]

Is it possible for automatic (mechanical) trading in Forex market?

GG

 

[Mangafreakz]

Yes it is possible with the help of EA(expert advisers) you can do automated trading on MT4(Metatrader) terminals.
Saw one of your posts in response to sibumazumdar , you from Kolkata , GuluGulu ? Nice nick btw

 

[knvaarudhra]

hello traders,
i am trading with fxsolutions since one and half year. it is very good excellent broker. and also i am trading with betonmarkets. it is also very good.

regards,
k.n.v.santosh

 

[rserene84]

They accept Indian cheques ? Most brokers i saw they take cheques only drawn on US banks.

No, they accept only US Bank Checks. Have someone to put check on your behalf, or pay using WIRE Transfer.

https://fxtrade.oanda.com/your_account/fxtrade/deposit_funds.shtml#checks

 

[RAMDAS]

hello traders,
i am trading with fxsolutions since one and half year. it is very good excellent broker. and also i am trading with betonmarkets. it is also very good.

regards,
k.n.v.santosh

Hi Santosh,

Nice to see you back after long period.

 

[terminator_123]

No, they accept only US Bank Checks. Have someone to put check on your behalf, or pay using WIRE Transfer.

https://fxtrade.oanda.com/your_account/fxtrade/deposit_funds.shtml#checks

But can we actually wire money using neft to outside india ?

 

[pmg123]

Hi Pipshower, thanks for the starting this discussion, I am based in India, can you please advice how I can start off in Forex tradeing, thanks Prasanna

 

[ag_fx]

Hi Pipshower, thanks for the starting this discussion, I am based in India, can you please advice how I can start off in Forex tradeing, thanks Prasanna

Let me take this liberty to answer this question. I am sure Pipshower will anyways add anything to something that I miss.

Trading by itself is not an easy task. There are a lot of elements involved in trading successfully. Ideally, you should demo trade first before going live with any money of yourself. All brokers offer free demo accounts, with live feeds and thats where you should practice first before putting your real money online.

 

[ag_fx]

But can we actually wire money using neft to outside india ?

yes you can....there is an entire thread on bank wire transfer under the Forex section. Check it out. :thumb:

 

[pmg123]

Hi Ankit,

any idea what happened SHOBHASREE of EUR\USD AT 11am IST thread??

also how is your forex trading going on?

I am keen to to take up forex seriously, request your help please.

Thanks
Prasanna