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  1. Regardless of this I went ahead with Synergy FX. Surprisingly, everything mentioned by you above seems to be false. The support from the Synergy FX team has been tremendous. I am already seeing minor returns on my investment, but I chose a long term plan, so hopefully, it stays the same. Will post when I have more good news, but I am satisfied with their service.
  2. tradelab

    Giving Up

    I am fairly new to this. But I never expected it to be easy to get gold out of this mine. I am doing my part in hope my work pays off, just like we do in every other field.
  3. There are several Forex broker names in Australian Market I always keep hearing about from my friends and people who are into Forex Trading. Out of extensive research and meetings with representatives of these companies I shortlisted - 'Synergy FX' and 'IC Markets'. While both have advantages of their own, which I will list as per my research. I have past experience of forex trading as my tool (But it's always good to help other pro in forex trading to assist you). A quick comparison can be found here - http://www.forexbrokerz.com/ic-markets-vs-synergy-fx-forex-broker-comparison I had a chat/phone call with representatives of both the companies, and apart from the services which all forex brokers offer, I will list only the main features - 1. Synergy FX - Negative Balance Protection and the Hybrid Account. 2. IC Markets - Narrow Spreads. Though 'IC markets' is established, it still has more unhappy customers - http://www.myfxbook.com/reviews/brokers/ic-markets/175981,1 Whereas the Synergy FX is getting popular in my local area with more and more people opting for this, the only reason seems to be the 'Hybrid Account' (http://synergyfx.com.au/synergy-hybrid/) That is just a quick overview, now I will wait for the forum members to reply with past experience from these two companies.
  4. Hey guys, Thanks for this valuable things you have shared with us.I learnt a lot of new ways I needed as a trader.Keeping in mind the 7 things you shares one needs as a trader, I am obliged to write that I lacked these things and was inti losses all the time.But as soon as i started following them profits flowed in.
  5. I think trading education is of otmost importance while trading.So to buy trading education will be quite significant. In any type of trading we generally look for profits and to gain profit we should go to any level of learning for which we need trading education. So in my opinion it's very imporant that we focus in trading education Cheers
  6. A significant advantage in forex trading is the ability to trade for twenty four hours each day throughout the week. However, the trading day consists of multiple trading sessions: the European session, American session and the Asian session – also known as the London, New York and Tokyo or Sydney sessions. This is because there is no single exchange in the forex market and different countries trade at different times. An advantage in forex trading is the ability to trade for twenty four hours each day throughout the week. When the traders in London have stopped trading for the day, the traders in New York continue. When the traders in New York stop trading for the day, then the traders in Sydney begin.
  7. As a Buy and Hold Investor for 10+ years I have seen a lot of things, made some mistakes and met a lot of people in the real estate business. This collection of experience has lead me to form an opinion on what makes a Buy and Hold Investor Successful. 1.)You Make Money When You Buy The first thing I want to discuss is the standard statement of “You make your Money when you Buy.” When I started investing I thought I knew what this meant but in reality I had no clue. I got lucky because we were buying property in a rising market and thus, “luck” insured we were well taken care when we started investing. I don’t know about you but I don’t believe in “luck” as a business strategy. I will take all the good luck we receive, but I will never count on it. After 10 Years of investing I have a much better understanding of the statement that you make your money when you buy. 2.)Fast Occupancy and Low Turnover Second, I want to ensure Fast Occupancy and Low Turnovers. One of the components of buy and hold investing that I enjoy the most is reviewing a distressed asset and envisioning how we can turn it around quickly. As a buy and hold investor one of your most important tasks is to quickly attract tenants and then ensure they stay as long as possible. This means that I generally fix the exterior first and I put in a sizzle feature or two that will force prospective tenants to stop the car and look at my rental property. If they don’t stop the car, they won’t rent your property. 3.)Establishing a Defined and Repeatable Process The characteristic that has made us the most successful is our creation of a defined and repeatable process. When you have a defined and repeatable process you can look for opportunities to improve and tweak your model. The process does not need to be complicated, and in fact it should be easy to understand. Our process starts with constantly staying in the market, talking with new agents all the way through closing on a deal, and properly repairing the property.
  8. Yes I do trading for a living. I am not retired and I am not in full or part time employment. I do not depend upon the trading income for my day-to-day expenses. First of all I want to keep myself physically and mentally busy. I do not like to gossip. I want to earn at least before tax return of 20-25% on my investment. I do both short-term, intraday and long term trading. Suppose I invest Rs50 lacs, my aim is earn Rs1 Lac a month excluding long term term capital gains. I hope to achieive the samt from Fiscal 2015-16. I started on a small way in Sep 13. This will be my full year.
  9. DEFINITION OF 'BINARY OPTION' A type of option in which the payoff is structured to be either a fixed amount of compensation if the option expires in the money, or nothing at all if the option expires out of the money. The success of a binary option is thus based on a yes/no proposition, hence “binary”. A binary option automatically exercises, meaning the option holder does not have the choice to buy or sell the underlying asset. Investors may find binary options attractive because of their apparent simplicity, especially since the investor must essentially only guess whether something specific will or will not happen. For example, a binary option may be as simple as whether the share price of ABC Company will be above $25 on February 7th at 10:45 am. If ABC’s share price is $27 at the appointed time, the option automatically exercises and the option holder gets a preset amount of cash. Binary options are significantly different from vanilla options. They are occasionally traded on platforms regulated by the SEC and other regulatory agencies, but are most likely traded over the Internet on platforms existing outside of regulations. Because these platforms operate outside of regulations, investors are at greater risk of fraud. For example, a binary options trading platform may require the investor to deposit a sum of money to purchase the option. If the option expires out-of-the-money, meaning the investor chose the wrong proposition, the trading platform may take the entire sum of deposited money with no refund provided.
  10. We always desire to save some amount of money for investing in places that can provide good returns. An intelligent investment has the reputation of being successful. Money management is a skill and is not a simple process. There are number of considerations in the process that must be paid along with open-ended risks. Whether you are saving for house, child’s education or retirement, you need a plan to make your money grow. Here are 6 rules to follow: 1. Investors, don’t listen to financial media If you really want to invest intelligently, ignore the facts you hear from financial media, since many of these facts are meant to distract you towards making expensive mistakes. Even if you hear something and it turns out to be true, don’t get tempted to follow it. Before the news hits the mainstream, it has already been heard by thousands other investors out there and has lost the edge there itself. Don’t let media and trends nurture your bad investing habits. 2. An unemotional discipline pays off The ability to manage fear and risk determines the success for the investment. There is no magic formula or short-cuts in the market for successful investment. Avoid impulse buying. You cannot afford to be an optimist or pessimist with the numbers involved here, you need to be a realist, who analyses and evaluates the facts and figures and then arrives at an objective view. He accounts for the possibility of things turning wrong and accepts his mistakes. Yes, it’s tough to be a realist. Don’t let emotions drive your investment decisions. 3. Don’t follow the trends, anticipate them If you have some money to invest, the first thing you need to know is that you shouldn’t follow the herd. It’s easy to lean towards the trends as we are easily influenced by public opinion. Going with the crowd would never yield good results. Noise trading is a pitfall many traders fall for. They often get confused by the false signals sent out by the overall market trend and trading pattern. In today’s market going up and down, traders should do the due diligence. You don’t want to be one among the crowd, but stay ahead of it. 4. Spend less than you earn If you want to build wealth, all you need to do is spend less than what you earn. This sound obvious, but many people don’t live by this central occupant while dealing with their finances. The wider the gap between earning and spending, the more financial success you get. The formula is composed of two connected ideas: Earn more: You can increase income through strategies like switching jobs, getting an appraisal or starting a small business. Spend less: You can reduce your spending through different forms of frugality. The only thing between your wealth and you is the willingness to act on this enduring wisdom. 5. Know where the money goes Keeping a track of your spending is important for investment; this is the best way to stay true to your goals and budget. Use your smartphone, old-school spreadsheet or use an app like Quickbooks to keep track of your finances, so that you have a good idea where you are standing. Just write it down! Check if the plan matches your spending reality. There are services that send you email alert when you have exceeded budget to keep you accountable. 6. Identify your risk tolerance level You must have heard of the phrase, “no pain, no gain” – these words sum up the relationship between risk and reward. It’s important for you to understand that any investment involves some degree of risk; however, these risks are calculated in relation to potential payout. You need to know your risk tolerance limit, strength and weakness, since the act of investing is an emotional one for many beginners. Don’t just think of the upside, but also consider the prospect of losing all the money. For whatever reason investors lose their tolerance, they begin to take decisions tainted by emotions that are almost never good decisions.
  11. Firstly we need to know what is a gap trading strategy.Basically gap trading is a simple and disciplined approach to buying and shorting stocks. Essentially one finds stocks that have a price gap from the previous close and watches the first hour of trading to identify the trading range. Rising above that range signals a buy, and falling below it signals a short. A gap is a change in price levels between the close and open of two consecutive days. Although most technical analysis manuals define the four types of gap patterns as Common, Breakaway, Continuation and Exhaustion, those labels are applied after the chart pattern is established. That is, the difference between any one type of gap from another is only distinguishable after the stock continues up or down in some fashion. Although those classifications are useful for a longer-term understanding of how a particular stock or sector reacts, they offer little guidance for trading.
  12. I guess we need to know what exactly bond futures are, A bond future is a contractual obligation for the contract holder to purchase or sell a bond on a specified date at a predetermined price. A bond future can be bought in a futures exchange market and the prices and dates are determined at the time the future is purchased. Bond contracts are standardized, and are overseen by a regulatory agency that ensures a certain level of equality and consistency. However, this form of derivative can be risky because it involves trading at a future date with only current information. The risk is potentially unlimited, for either the buyer or seller of the bond because the price of the underlying bond may change drastically between the exercise date and the initial agreement.
  13. Oil prices are showing a clear bullish bias since yesterday breaching 50.00 and stabilizing above it, and MACD is almost providing a positive signal that could push the price further to the upside. But we need to be on the sidelines temporarily to monitor the pair at the support 50.00 and resistance 52.00, whereas breaking this support brings the price back to the downside, while breaching the resistance pushes the price further to the upside towards 55.55. Support: 51.60, 50.80, 50.00, 49.00, 47.95 Resistance: 52.00, 52.40, 53.00, 53.80, 54.25 Recommendation Positive expectations above 52.00, risk-limit below 50.00. Negative below 50.00, risk-limit above 52.00. http://www.oilngold.com/images/stories/contributors/ecpulse/2015020621.gif
  14. Hey great news.Thanks a lot for providing this valuable information. I being a broker was looking forward this decision for a long time and to get this news from this forum is a thing to be overjoyed for. As i am following these forums for a long time now and to get such information here is actually great. Looking forward for more such experience and news. Cheers.
  15. A mentality characterized by a lack of individual decision-making or thoughtfulness, causing people to think and act in the same way as the majority of those around them. In finance, a predator instinct would relate to instances in which individuals gravitate to the same or similar investments, based almost solely on the fact that many others are investing in those stocks. The fear of regret of missing out on a good investment is often a driving force behind herd instinct.
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