Author Topic: New to Forex ...need some infos (Read 754 times)

luckydragon88 · « **on:** Jun 17, 2012, 03:49 PM »

Hello All :

I am new to FOREX and would like to start trading:
Hope some of you can help....

1) What is a good initial start up capital?

2) Lets say I plan to invest $250, how can i count maximize my return for a small capital?
I plan to trade EUR/USD....how much PIP should I compute for LOSS?

3) What is a good FOREX Broker that accepts low capital and low withdrawal fees?

4) Any comment about FXPRIMUS--> they give time to time advise to BUY/SELL. Anybody tried their advisory position?

5) thanks all for ur input.

leo0707 · « **Reply #1 on:** Jun 17, 2012, 04:07 PM »

hi buddy! Welcome to the world of trading. I would like to share some tips and i hope they are helpful.

1.You can start trading with $300 but make sure its your extra money
2.With that account size you cannot do long-term trade,as soon as you can see $10 profit close your position.
3.I would suggest trade with ICM Brokers as it has excellent service.

if you have more questions, pm me..=)

luckydragon88 · « **Reply #2 on:** Jun 17, 2012, 05:12 PM »

thanks for the infos.

ferrariEverest · « **Reply #3 on:** Jun 18, 2012, 04:25 PM »

Quote from: luckydragon88 on Jun 17, 2012, 03:49 PM

1) What is a good initial start up capital?
2) Lets say I plan to invest $250, how can i count maximize my return for a small capital?
I plan to trade EUR/USD....how much PIP should I compute for LOSS?
3) What is a good FOREX Broker that accepts low capital and low withdrawal fees?
4) Any comment about FXPRIMUS--> they give time to time advise to BUY/SELL. Anybody tried their advisory position?

Hello Sir luckydragon88,
1. depending on your financial capacity & goals, $1k to $10k. but u can start with $1 up.
2. u can maximize it by not getting a margin call. the first goal is account longevity/capital preservation.
3. there are plenty. Oanda is one. by the way, do not think about withdrawals this early. that is the LEAST of your priorities.
4. several brokers offer buy/sell recommendations as part of their marketing efforts (para mag-open kayo ng account with them). A broker's goal is to TAKE your money/make money off of you (either thru spreads/commissions and/or margin call). they are NOT your friends. i would not trust FXPrimus, but nevertheless u HAVE to do your own research.

bawat broker may +/-.
the better brokers are Oanda, Dukascopy, MBTrading, Interactive brokers, CitiFX, Divisa Capital, etc)

leo0707 · « **Reply #4 on:** Jun 19, 2012, 02:15 PM »

^

What broker are you working with ferrariEverest?

_{No need to quote previous post.}

ferrariEverest · « **Reply #5 on:** Jun 19, 2012, 03:06 PM »

what do u mean?
i think it's more appropriate for me to address THAT question to you.

FYI, i declined two offers of becoming an /collaborating with an introducing broker/s.

leo0707 · « **Reply #6 on:** Jun 20, 2012, 09:11 PM »

^

Just for you to know, i never asked you to become an ib. If that question was so uncomfortable, answer in a professional way buddy. ^_^

_{No need to quote previous post.}

ferrariEverest · « **Reply #7 on:** Jun 20, 2012, 09:51 PM »

why should i reply to u in a 'professional' manner?
hindi naman ako professional. u are not my boss & i am not employed.
besides this is a public forum, i can reply in any manner that i want as long as matino ang post ko.

hindi ako naging uncomfortable sa tanong mo. i found it malicious.
nagbigay lang ako ng general advice sa fellow trader (Sir luckydragon), not sure why ganun reply mo.

i asked u to clarify your question, but u did not. i guess ikaw ang hindi 'professional.'

about the IB thing, I can't be sure if u are in cahoots with 1 of those who approached me.