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barako
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Posts posted by barako
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setting these aside there is always something to pick up from such events, it goes both sides, there was a time hotforex organized a local seminar in manila. wasnt able to attend was a bit too far!!
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well basically its a struggle between what we call traditional income and recent more advanced ones.. many people are still stuck with the day job idology, which is not a bad thing really, but many start to entertain the more advance a lot riskier alternative like forex trading, stock exchange and many others. lets just say its better to go with whats best for you, if you are like us more of a curious eager type willing to learn then forex is for you, if not then stick to a day job, or do what i do. i still have both lol.
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Hm, how rare is it to succeed with such a small account in your opinion? Can most traders do this?yes its rare, yes its not easy, but i have blown a good share of micro/premium accounts, and continued starting over with small amounts like 100-150 usd with hotforex, its not big but i treated it as a small side bet along the line that i work on when i have free time, after a couple of years that small account went from 3 digit to 4 digit, and the learning process continues and so on, dont rush things, never rush anything actually, keep the goal with in small manageble numbers.
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what do you mean it got rejected? anyway, i would sugest the school of babypips for very good starting and intermediate topics, another way is actually youtube, there are pretty much good videos out there, i started with babypips back in 2011 i think with a small hotforex account, we all go through some ups and downs during the proess, im war far from perfection but we strive and do better as long as we dont quit
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the topic is a year old but from the looks of it and i would say this in relief, you are still trading, yeah lots of things can affect ones trading from manipulation on a large scale etc, which honestly it does happen, nothing is impossible anymore especially in the hands of those who can actually do it, but anyway, we move to where we are at, small scale traders, r retials traders, and try to contain the facts/situation where it is to our advantage, make the best of what info we hae and try to squeeze in a couple of pips profit along the way, and one way or another it should work just fine. we adjust, we move on
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yeah, i mean, for sure something is to be gained, we aint gona lose anything anway so its positive.
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we cant classify brokers as cheap anymore i mean atleast have the broker in the market offer a decent low min deposit usually used for testing, like this broker im using lmfx the mind deposit for premium is a mere 50 i dont think its bad, but always keep in mind presonal research is the key not all brokers are good, so test them, know about them and learn from it. its an experience.
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Actually I see no country cannot trade Forex, except North Korea
In fact my country also is forbidden from Forex but there are thousands of trader and they earn/lose money everyday.there should be a list of countries that are ban from trading, most probably a list that broker share disallowing these countries, i think i saw is somewhere though i cant pinpoint it just yet, like countries in africa and here in asia aside from north korea of coures
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haha look, i have been trading for 7years, 5 inwhich i traded with hotforex and untill now i would say im no where close to being a pro/successful trader.,yeah i might be doing fine but not the best..
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its a monthly service they offer, but its free by the way, there are different topics and always an option to view past webinars, its really good.
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the govs will always try to impose certain restrictions etc, most restrictions are for personal gain in my opinoin, more like the standardization theory, they try to put a standard for everything which will not work with forex, i wont even try to duel in such issues, what matters is i am able to trade and make profit and simply get it. thats it
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what im doing currently with lmfx account is simply taking back my investment, though i did make one profit withdrawal, nothing too big, but my monthly aim is simply anything positive even if its 0.01% it will do, its better than anything negative
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preserve wealth? It what sense? i mean extra money? preserved? I mean, if you enter the forex market by investing in brokers like lmfx then its an investment, its still a business that has it risks and need work for it to bloom, im not sure if you can do it like a bank deposit, in other cases one can simply invest in pamm accounts.
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i still think they are able to trade, though im pretty sure most international investment companies are not that welcome. like forex brokrs etc... heard from a chinese friend. but lets see how it goes.
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ok so the gov is trying to deny forex access yet many still trade, like for example, i get my forex earning through transferring funds from skrill to my local bank account or through ATM withdrawals through the skrill ATM, money coming from skrill is not specified and does appear as remittances which is ok, though im pretty sure forex trading is not prohibited around here. the same goes for others, they still manage to trade and get their earnings through third party money processing companies which will appear as remittances, in some cases in countries where online jobs are popular it might as well be considered online salaries. the gov will have a hard time tracking these transactions, especially in third world countries. china trades global forex even if they are that strict.
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I cant say much about chinese, i guess its a little to complicated, and maybe even not allowed in their country, in singapore there are many good brokers and the SG government has strict licenses there..
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its a divers trade, i mean young people get exposed to online trading all thanks to ads, and people now a days are making money online, through ads and blogs, and trading can be a good alternative for kids of such.. japanese gamers trade as well, even making larger money. they are good at it, though i have been trading for years now and still hopeing to do this full time with my lmfx account, lets see how it goes.
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of course, trading is not for only rich people, i mean brokers like lmfx offer premium accounts as low as 50 USD with enough hard work you can turn it to 200-500 in a couple of months, as long as you have a good internet connection and a decent pc.. I started with 150 anyway. and made my way up.
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we can speculate, but in the end we can never say for sure, usually these are restrictions that are really for the government but sold to people in the name of "its for your own good" i dont like it. but ona positive note its good to have brokers that accepts traders from such regions, in the end as long as we make good money then its good. thats all that matters really.
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there are a couple, not so sure how good they are i mean, i dont live in the us but i did see a list of broker that accept us trader somewhere.
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yeah it looks like an added license, the broker is pretty much expanding from the looks of it.
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lmfx is only one of a handful of EU brokers that accepts US traders. i think there are a dozen or so world wide. and i hope there would be more.
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yes on a positive note, i think lmfx is only one of 5 brokers in the EU region that accepts US traders, the thing might as well aply to Japan and canada, thats some good news for restricted traders bond by silly laws.
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yeah if im not mistaken lmfx is one of 5 EU brokers that accept US traders, and thats a good thing, I mean its already hard as it is to trade us based brokers, thats why many move off shore.
LMFX Broker Discussion
in Brokers and Data Feeds
Posted
pamm generally are a good investment, the risk is always the same, though it saves time since lot of us have work and other stuff to attend too just make sure to study the service further