Trade WIth Me!!

Hi everyone

I have recd some requests in my PM and on my Skype to help regarding forex trading.They say most people are using YM....
Let me tell you all something on Board, I have my own style of trading and I am precisely a Daytrader. My targets are small pips and I try to catch the smaller movements of the market during My specified trading Hrs.as per My set up and my riskprofile.
I have decided to trade live with all those who are interested in trading for small pips.
I will be available on YM , my id is "THEHALLMARKFX"
Interested buddies can add me in messenger list.
I will be available on this Id from Monday 1130 IST onwards for trading calls.
I will be online for rest of the day today , so that I can add those who are interested.

Happy Trading to you all.

Hi all ,
goodmorning.

It seems that something nice is coming up our way this year.
Those who are intrested in trading with me please do the following things first so that we are ready by monday 1130 ist.
Open one demo a/c at http://www.interbankfx.com/Accounts/...cmp=PA00351122.
fill in the form so hat you will get a link to d.l the forex platform.

Install it and when you open , it will prompt you to fill in some more details.
the name , adress etc. You can give any name and adress there!!

The imp part is choose leaverge 1:400, and deposit1000, currency as USD
( See attached Image)
__________

That will make us all equal when we start. we will be trading demo on this platform.

I request that even if you have a live a/c, do not trade in live for at least a week on my call,(just to make you all comfortable, with the way I trade).
For those who are new to this platform, i suggest that get comfortable with this platform.

Thanks for the response given .

Attached Images

Account.GIF (15.9 KB, 26 views)

I am trading a Live account with Northfinance and FxOpen.

If you wish to learn forex then you should start with a live account not a demo.

http://indiaforex.eecpindia.com/registration.shtm

I need not learn anything from you. If you are so much aggressive to teach, start a new thread for teaching purpose.
You are trying to attract people so you can make money while they trade, .............you are an IB to those broker. it seems.

What is the monetary gain [ in terms of rupees ] if we win a trade with, say 20 pips?

Tks
Nitesh

It depemds on your posn size.
for a mini lot 1 pip =1$
For a std lot 1 Pip =10 $

Hope that explains.

Friends ,

I am attaching a file containing Basic introduction about forex.Hope this will be useful to those who are willing to know about forex .

You can get initial know how of forex and how it works, how the profit loss are calculated and what moves the market , and some technical and fundamental knowledge about forex .

DO that i do not have to explain everything on chat to each member, and we can start trading straight from tomorrow.



Trading on the foreign exchange market can be extremely profitable, but is admittedly not for everyone. In order to be prosperous in the forex market experts have identified five essential characteristics that the trader should possess.

The first characteristic of a successful investor in the foreign exchange market is the ability to accept risk. The forex is extremely risky. It has a high leverage ratio. This ratio is defined as the comparison of debt to equity. A leverage ratio of 400 would not be out of the ordinary in the foreign exchange market, compared to an average leverage ratio of 2 in the equity markets. Keep in mind that while this ratio indicates a higher potential profit, it can also make the potential loss more significant.

In addition, successful traders should be confident. They should be convinced of their own ability to execute successful trades on the forex. One of the best ways to guarantee this level of confidence is to take the time and effort to research the market and how it operates. This means knowing the terminology and characteristics that make the market what it is.

Beginners have many options on how they can increase their levels of awareness about crossing currency, and their overall confidence levels. They can go through a financial institution or knowledgeable broker. In addition, new traders can learn how to trade on the forex by using free tutorials available on many websites. The Internet is a great way to get trading practice using the complimentary demonstrations available online. It is a good idea to take advantage of these free services before actually opening an account and making a trade. Mini accounts are also available. These allow you to get your feet wet with smaller initial investments than a regular account would. Keep in mind that the forex has great potential to be profitable if you have an idea of how it works.

The third characteristic of a prosperous trader in the foreign exchange market is patience. A successful investor realizes that they may have to accept small losses in order to obtain profits in the long run. Its important to understand that Forex trading, like any business venture, will have its peaks and slumps. You should be prepared to stick to your system despite these fluctuations to maximize profits in the long run. Having patience will help investors stay loyal to the plan theyve developed without deterring because of normal ups and downs.

A successful trader will also be extremely disciplined. Because the foreign exchange market never closes, opportunities can present themselves at odd hours of the day or night. A forex investor must possess the discipline it takes to constantly monitor currency charts, current events and leading economic indicators. They also must maintain high levels of discipline to avoid deviating from their system. They will stick by their strategy despite minor market changes.

The fifth characteristic that experts agree that a prosperous forex trader must possess is the ability to know when to exit the market. Investors that stay in the market too long can see their profits dwindle rapidly. If your market indicators and signal service demonstrates that it is time to exit the market you should do so. Remaining in the market despite signs warning you to exit is usually motivated by greed or ignorance, and will usually result in a financial loss.

While the foreign exchange market draws many investors because of it unique attributes and numerous benefits it does not suit everyone. In order to be successful in the forex it is important that you meet all of the above characteristics.

Attached Files

FOREX 20.rar (77.7 KB, 7 views)

Important Starting Tips for the Forex Trading Beginner

Getting started in trading currency can be an extremely daunting task for someone with no experience in the forex market. There are many pitfalls out there that can trip up even the most seasoned trader, and it can be easy to become confused and discouraged by the many nuances of currency trading. By following a few simple tips, you can avoid these frustrations and get started on the path to becoming a successful forex trader.

The first and most important decision you will have to make is choosing the right brokerage firm. There are many different options available, and some are vastly better than others. As a rule, you should make sure that the institution is a well-established, reputable company, preferably with ties to a bank or other financial institution. Registration with the Commodity Futures Trading Commission is an absolute must, as this is a good determining factor in a brokerages legitimacy. Another characteristic to look for is a wide range of research tools such as real-time quotes, charts, and professionally written research reports. You want to choose a brokerage that makes available as much information as possible to its account holders, as the more information you have, the more successful you will be in trading. Finally, you should choose a brokerage that has a favorable spread, which is the difference between the buying price and the selling price of a currency at a given moment. This difference in values represents the amount that the brokerage takes off the top of each trade, so a tighter spread translates into more money in your pocket each time.

After you choose a good brokerage, the next thing you should do is open up a demo account first. An account type that is offered by most brokerages, the demo account has a pretend balance that allows the beginning investor to play around with different ideas and get a general feel for currency trading before taking the plunge with real money. This is a great way to practice trading and learn how to properly research a currency pair before taking a position. As demo accounts usually last for a month, youll have plenty of time to gain experience while also learning how the software works so that you can make informed decisions and lightning-fast trades when the time comes. It is important to not rush through this phase of the learning process, to fully maximize this valuable tool that has been made available.

Once you have graduated to using a real account with actual money, it is imperative that you start small and not try to break the bank out of the starting gate. Placing calculated trades using the minimum possible amount of currency can be seen as an extension of the learning process that occurred during the demo account phase. Since your own money is being used this time, different emotions will be involved in the trading process, so this is the point at which you can learn how to correctly deal with these emotions before they can affect your trading success. The other thing to keep in mind is that it is a very bad idea to use a lot of leverage right away. Since beginning forex traders inevitably take some losses while learning the process, a margin call right at the outset is very possible for someone who is close to the margin limit, and this can be a disastrous thing. It is much better to trade a lot closer to the cash balance in the account, and to take things slowly at the outset.

By following these tips, you can give yourself a better chance of success at getting started in the world of forex trading. Remember: choose a good broker, learn the ropes with a demo account, and above all, take it slow.