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Newbie Guide to Forex Trading

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mactrading

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sa mga gustong mag forex isa lang po maipapayo ko matinding Discipline!!! if you cannot control your emotions and hindi mo matanggap ang pagkatalo i guess you will have a very hard time earning in forex!!! but the good part is if ma overcome mo lahat and stick to your plan or your system kung ano man ginagamit mo, i am very sure you will be rewarded naman ng sobra!!!! :D

Demo trade muna if you can double your fund in 3 straight months then open ka ng minimum or money you can afford to lose

so go go go and learn and conquer the world of currencies :welcome:  :boxing: :yoohoo: :harhar: :hello:


michellesankey

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:welcome:

To all those newbie forex trader's out there!

Let's use this thread to discuss trading and help each other to become better traders in the future. Much like a trading group.

Just like everything else, there's always a beginning.

Where do we begin?

I'm thrilled to have found this thread..Good topic!


michellesankey

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Hello everyone! There will be free forex trading seminar in the SM Mall of Asia this coming March 29, 2014. All interested traders are invited. For more info click this link: http://clicks.pipaffiliates.com/afs/come.php?id=3347&cid=10662&ctgid=16&atype=1

I'm joining in..:)


binsyo

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Hi there fellow Newbies :hello: :hello: :hello:

I don't know if this is already mentioned here but I just want to share something which I think is useful for us (well, it's useful for me).
>>  https://www.youtube.com/channel/UCe3O5ZLxQzGz4-nfl6XLEHQ  <<
His name is Jason Stapleton. He makes trade forecast discussions and training videos on his youtube channel.

I'm learning a lot from his trades and discussions so please do check baka makatulong din sa inyo. :cool2: :cool2:

PS: I'm only subscribed to his youtube channel. I'm not registered into any of his paid programs and I'm not suggesting any of his products/services. Just enjoy his free youtube videos, kayo na bahala kung gusto niyo pa magregister sa paid programs niya. :hihi: :hihi:



miakim287

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im newbie im interested in forex tranding how to start po ba? prang stock din po ba to?  :thankyou: :help:


olrac183

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for those who are well experienced na into fx trading, possible na ang 2-3% or more daily profit ? or are you able to do this now?


roel18

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ano po ba magandang forex broker? and affordable lang to start.


ZiggFX

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@roel i just started forex trading, I'm using FX Primus since their minimum is $100 to start... they also have demo accounts so that you can see if your trades are doing good... I hope this helps


dicktator

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@roel i just started forex trading, I'm using FX Primus since their minimum is $100 to start... they also have demo accounts so that you can see if your trades are doing good... I hope this helps

oanda pwede raw $1. in my experience, antagal ng application, yung support nila it takes at least 8 hours para magreply sa e-mail.


Dogberto

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Ang ayoko lang sa FX Primus is they charge a $25 fee for bank transfer withdrawals.


Dogberto

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Dave

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Guys ok po ba ang broker na IRONFX? wala pla talaga akong idea pero gusto ko tlga matutunan magtrade.. meron akong free seminar mamaya kaso medyo napapaisip ako baka scam naman ang mapasukan ko.. kung alam nyo naman kung ok o hindi IRONFX.. please let me know.. thank you in advance..=)


myfxlife

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just make sure the broker is licensed and regulated by a governing agency with authority para makaiwas sa scam.
 :hello:
« Last Edit: Oct 23, 2014, 09:52 PM by myfxlife »


forsaFX

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I hope I can have a some basic knowledge by taking part in this forum. I think this is the main goal of the forum, educating members especially newbie to forex trading.


Presto88888

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Update:

anyone here taken mark so forex course

share naman or pm me

thanks


ForexGuy

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Hi My name is Jayce and I just signed up on this forum. I want to learn Forex Trading.


okpinoy

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here are a list of forex brokers my friends are using for years already, all of them are doing good for them according to them
1) ironfx
2) fbs
3) oanda
4) metis
5) ic market
6) fxcm

google the websites and take your pick,

i hope this helps :)


okpinoy

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for beginners try this website http://www.babypips.com/school  :)


lana

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Hi. gusto ko na sanang mag open ng forex account. anu ba dapat ang leverage kung 250 dollars lang ang kaya kong i invest? :help:


sampatrick22

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Hi. gusto ko na sanang mag open ng forex account. anu ba dapat ang leverage kung 250 dollars lang ang kaya kong i invest? :help:

hi  :D
bka 50:1 ung leverage na hinahanap mo? ung saken sa oanda 50$ lng ang dineposit ko to start livetrade tpos 50:1 gmit ko tpos kpag ng trade 0.01 at nag +10pips ang profit nun eh 1$ hehe

anyway naggawa ako ng account para mag thankyou sa mga commentators ng thread na to haha

ang dami kong natutunan kakabasa ng sagutan ng mga masters, just want to say thanks sa lahat po :) and thanks to sir ferrariforever  :thankyou: sa pagshare ng experience sa forex :applause:

sana magpatuloy pdin tong thread  :boxing:

ung mga magllivetrade at naghahanap ng brokers mganda din icheck kung naapektuhan ung broker na gusto nyo after magkamehamewave ung CHF pair nitong jan2015

thanks po ulit mga masters :rakenrol:


cricky

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Meron lang po akong curious question!

1st. If lets say I made a profit from forex and goes to my bank account do I have to pay the 10% tax?
2nd. What if kung ang profit mo ay p200k above, will bir check your account status?

Hindi ko gusto po yung money-laundering business pero mas gusto ko clear kung ano pra hindi ako magthink in the future.

Dahil mai time nga ang banko mag-ask kung saan galing ang pera, and I always say that I sent it to my other foreign bank account w/c was my savings account for my "freelance work" ;D

3rd. Is yung profit or loss, if profit then great, but what if you put money and it goes down, does that mean my net has lost or is there more to it like I might owe something because i didn't sell it early? Please enlighten me
« Last Edit: Mar 01, 2015, 12:58 AM by cricky »


Hampaslupa

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Hi guys,
newbie here.

Have you ever reached a point in your trading life that your making money faster than your day job?
Can anyone share their experiences going full time?. Am I the only one who feel like my day job interferes with my trading opportunities? (of course there's  RISK)

I love my job but I really feel that it eats my time and energy.

Happy trading guys. May the market bless us all.


ferrariEverest

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Hi guys,
newbie here.

Have you ever reached a point in your trading life that your making money faster than your day job?
Can anyone share their experiences going full time?. Am I the only one who feel like my day job interferes with my trading opportunities? (of course there's  RISK)

I love my job but I really feel that it eats my time and energy.

Happy trading guys. May the market bless us all.
Sir naintindihan kita. Pwede ka naman magtrade habang nagtatrabaho. Gawan mo na lang ng diskarte yung oras sa pagtrade. Pwede rin pag aralan mo gumawa ng indicator na pwede makatulong sa iyo.

Kung may malaking ipon ka na, and you are trading well, then wala ng makakapigil sa iyo to try going full time. Dapat lang may backup plans ka.

Dati obsessed din ako na mag full time trading habang buhay. Personally, i tried trading full-time pero I realized mas ok ang hindi fullt-ime kasi nabawasan ang overtrading ko. I also realized na marami ako na-miss na opportunities outside trading nung time na yun.  Mas relaxed na ang trading ko ngayon. I use indicators that I have created or modified and pati yung mga nakita ko sa internet to help simplify my trading. I'm still trying to create a few more.

Pag hindi ka full time, mas may oras ka sa ibang bagay pati hobbies mo, gaya ko.

Mahal mo ang trabaho mo, so you have to strike a balance between your job and trading. Good luck Sir H!


Hampaslupa

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Salamat Mr. Ferrari sa advice.

I'm missing too much of the good opportunities. My strategy works well during London open in which I'm at work.
I plan to go full time once I stashed enough cash to get me going for 6 months. If I get good results, good. If I'm not making much, then I go back to work.

I don't trade much in a day. I'm very selective in my entry and very successful in getting in. My weakness is the exit. Many times "pera na naging bato pa" hhahaha. My brain tells me to exit following the trading plan but my index finger seems not to pay attention.







chardbiz

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Hello po! newbie here with newbie question. Anu po best na platform using mac OS? Thanks po sa lahat ng info in this forum. Still a long way ahead.  =)


magforex

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My newbie guide para sa mga gustong mag umpisa sa forex trading:

 1 - know that forex trading caries a lot of risk. pede maubos ang puhunan mo sa isang iglap lang pag hindi mo alam ang ginagawa mo.

2 - study the psychology of the market. read books, watch videos, subscribe to forums and blogs/newsletters about forex trading para alam mo ang nagaganap sa mundo ng forex trading.

3 - start a demo account. almost lahat ng forex brokers nag oofer ng demo account. practice in demo para magkaroon ka ng idea how the market and price action behaves.

4 -  wag ka magmadali mag live trade. ang market anjan lang yan lage. bukas 24hrs and 5 days a week ang forex market para magbigay ng opportunity.

5 - start to create your own trading system. copy first from established ones and do some adjustments to make it your own. then keep on practicing until maging comfortable kana.

6 - practice discipline and proper money management.

7 - keep on demo trading until ma feel mo sa sarili mo na handa kana talaga mag live trading.

 :thankyou:
« Last Edit: Aug 14, 2015, 06:30 PM by magforex »


ferrariEverest

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Hello po! newbie here with newbie question. Anu po best na platform using mac OS? Thanks po sa lahat ng info in this forum. Still a long way ahead.  =)
Karamihan ng platform na pwede sa Windows, available rin sa Mac. Kung hindi, gamit ka ng app or emulator. Pwede mo hanapin sa Google ang "(platform name) for Mac"


pipcycler

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Mga Sir/Mam, ano po yung issue ng income tax natin if ever na profitable or professional trader na tayo?

Nagbabayad ba kayo sa BIR or sekreto nyo lang. Hindi ba magtatanong ang bangko kung ano ang source of funds ng wire transfer galing sa broker to local bank account?


cl010194

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Good day! Mga anong oras ba kayo usally naguumpisa mag trade? :)


divergence

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ako any time. daily charts naman kasi halos tinitingnan ko at nagseset lang ako market entry. inaantay ko na lang after ng ilang araw kung ma hit ang tp ko or sl ko. eheheh


Somerset

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Ano ang ginagawa ng Metis? Itago nyo na lang ako sa pangalan na Odessa. Nagwork ako sa Metis noon at ang trabaho ko ay tignan ang winning trades ng mga clients namin at i-manipulate ang currency prices. Sa madaling salita, kami ang nagdidikta kung mananalo ang clients o matatalo. Marami kaming jargons na ginagamit:
1. Scoop – i-ihihit namin ang SL ng client kahit di naman dapat mahit. eto depende kung malaki account ni client 100k above, highlighted na to automatically.
2. Lag – gagawa kami ng kunwari glitch para pag nahit si client ng loss at di nya nabantayan ang trade nya. auto loss agad sa kanya. Paano naman pag win si client? irerevert back naming sa system ang profit nya, babawiin naming ang profit nya at sasabihin glitch kasi, walang palag si client.
3. Retrace – magbibigay ng trade recommendation kami sa mga client. then imomonitor namin ang activities nila. alam namin kung saan sila nagtetrade (ip address, location, mobile o desktop, online o offline, margin call para iready ang Laser. ipapaliwanag ko susunod ang laser).  kung sino ang sumunod sa reco, retrace na yun. Dahil nakalagay ang entry price,sl,tp. nakaset na sa system namin kung kailan ihihit ang sl, most likely pag may economic data o news. Tuwing retrace, makikita namin from hundreds of thou to 30k to 20k nalang matitira. eto yung pyesta sa min kumbaga. Celebration na after, free foods and drinks.

4. Laser – ito ang software na gamit namin pag retrace. Nakaconnect ito sa database at collated lahat ng trades ng client at 100% scoop ang within parameters. Auto-loss agad sa client. Madalas na biktima nito ay ung may malalaking traded lot .05 and above. kung 1 lot ka, asa ka pang manalo.
Lahat ng makukuha sa clients mapupunta sa accounts nila Jacob Park, Yun Ho Ree, at Temie Lanaria mga VP ng company.  Tapos idedeposit papunta sa Maybank naman para kay CEO Justin Jung na umalis na ng pinas at ngayon ay nasa Korea.
Commission-based kami. Kaya mas maraming minomonitor mas malaki kikitain namin. Matyaga kami magpaconduct ng seminar dahil mas okay pag new accounts kasi most of them wala pang alam. Madaling bolahin.
Umalis ako dahil sa utos na rin ng SEC na itigil ang operation at tagged as Scam ang company. Pero ngayon flybynight nag-ooperate parin ang metis. Dahil most clients ay nagwiwithdraw na, pati mga banko sinarado deposit accounts nila(metrobank,bpi,bdo). maybank nalang ang natitirang option para makapagdeposit ka. talagang ginawan pa ng metis ng paraan. haha, 10% tax deduction + 50pesos pag nagwithdraw ka. Di ko kayo pinipilit na paniwalaan ako, subukan nyong magdeposit, always welcome kayo sa metis.


BatangHamog

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Ano ang ginagawa ng Metis? Itago nyo na lang ako sa pangalan na Odessa. Nagwork ako sa Metis noon at ang trabaho ko ay tignan ang winning trades ng mga clients namin at i-manipulate ang currency prices. Sa madaling salita, kami ang nagdidikta kung mananalo ang clients o matatalo. Marami kaming jargons na ginagamit:
1. Scoop – i-ihihit namin ang SL ng client kahit di naman dapat mahit. eto depende kung malaki account ni client 100k above, highlighted na to automatically.
2. Lag – gagawa kami ng kunwari glitch para pag nahit si client ng loss at di nya nabantayan ang trade nya. auto loss agad sa kanya. Paano naman pag win si client? irerevert back naming sa system ang profit nya, babawiin naming ang profit nya at sasabihin glitch kasi, walang palag si client.
3. Retrace – magbibigay ng trade recommendation kami sa mga client. then imomonitor namin ang activities nila. alam namin kung saan sila nagtetrade (ip address, location, mobile o desktop, online o offline, margin call para iready ang Laser. ipapaliwanag ko susunod ang laser).  kung sino ang sumunod sa reco, retrace na yun. Dahil nakalagay ang entry price,sl,tp. nakaset na sa system namin kung kailan ihihit ang sl, most likely pag may economic data o news. Tuwing retrace, makikita namin from hundreds of thou to 30k to 20k nalang matitira. eto yung pyesta sa min kumbaga. Celebration na after, free foods and drinks.

4. Laser – ito ang software na gamit namin pag retrace. Nakaconnect ito sa database at collated lahat ng trades ng client at 100% scoop ang within parameters. Auto-loss agad sa client. Madalas na biktima nito ay ung may malalaking traded lot .05 and above. kung 1 lot ka, asa ka pang manalo.
Lahat ng makukuha sa clients mapupunta sa accounts nila Jacob Park, Yun Ho Ree, at Temie Lanaria mga VP ng company.  Tapos idedeposit papunta sa Maybank naman para kay CEO Justin Jung na umalis na ng pinas at ngayon ay nasa Korea.
Commission-based kami. Kaya mas maraming minomonitor mas malaki kikitain namin. Matyaga kami magpaconduct ng seminar dahil mas okay pag new accounts kasi most of them wala pang alam. Madaling bolahin.
Umalis ako dahil sa utos na rin ng SEC na itigil ang operation at tagged as Scam ang company. Pero ngayon flybynight nag-ooperate parin ang metis. Dahil most clients ay nagwiwithdraw na, pati mga banko sinarado deposit accounts nila(metrobank,bpi,bdo). maybank nalang ang natitirang option para makapagdeposit ka. talagang ginawan pa ng metis ng paraan. haha, 10% tax deduction + 50pesos pag nagwithdraw ka. Di ko kayo pinipilit na paniwalaan ako, subukan nyong magdeposit, always welcome kayo sa metis.


That means metis broker is practicing being a market maker. alam nah  :hihi:

Salamat sa iyong post at magiging warning heads up eto pra sa lahat ng aspiring want to be live trader.  :applause:


polunio

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Question lng po.. Meron b ditong gamit na broker is instaforex? any experience on this broker..


blockchain76

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my broker is tradersway and i use bitcoin for deposits and withdrawals

also check my youtube channel dedicated for forex traders, i mostly do price action trading

https://www.youtube.com/channel/UCzQZ-sYnhA4lxRUZC9Mv1xQ


dugie

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hello po mga ka forex, tanong ko lang po kung puede pa gamitin yong eon card sa unionbank para mag fund sa oanda broker?kung puede papaano po? ty sa mga sasagot.....


chicalicdan

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Hi friends,

Can I just share the broker I am using trade in forex market? I use Alpari :)

http://alpari.com/?partner_id=1233172


iloveforex

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Hello guys, I am self-taught trader for 16 years and all those times trading isn't always favorable.  It takes a lot of patience and a good mentor to start with.

So the question is how to get started with Forex? Answer are as follows:
-Choose a broker: there are many brokers around but it's important to choose the right one
-Open a demo account: remember your capital is at risk is forex so you must start with a demo account
-Learn to take risk seriously: i teach forex and risk management; i tell you it's always better said than done so at the training I always fix the emotions of my forex students so as not to get carried with the market movement
-Lean about leverage: coz you don't exactly risk all that you have but given the right leverage you will be able to manage your market exposure
-Practice reading charts: be with the right people who can help and guide you as you learn forex.  Charting is a very interesting thing but only when you understand the basics you will appreciate how chart works
-Make your first live trade: when you are ready, make your trade plan and fund our first live trade

Those are the basic steps you need to get started.  If you are interested to know more feel free to ask me. Happy trading day!


ntc

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Anybody here who knows greg secker and his learn to trade? They are tied up with the broker capital index. Does it ring a bell? Legit kaya sila?


iloveforex

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Greg Secker owned both according to my business intel.


ntc

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hi, i loveforex! thanks for the reply! i attended the seminar held at the manila hotel last nov 23 and they were offering a 2 day course about how to do forex and a bonus 1 day live trading while being coached by the "top traders" using their software called smartcharts. the total cost for the enrollment was 80k pesos. then you have to pay a maintenance fee of 89usd a month to use the smartcharts because it's supposed to automate your trading and it will do all the hard work for you so you will win most of the time and cut your losses to a minimum. do you think this really is worth that much? anybody here who can vouch for their legitimacy? and does it really work?


wilch23

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iloveforex

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hello NTC, forex investment has no winning guarantee but if you will learn it you will soon know how to calculate your risks. I have evaluated many robots and all of them doesn't always make me win.  Lean to Trade is capitalizing with the fact that Filipinos are eager to do anything to make money. That 80k is already worth more than an investment to start with. Remember the 80k is not yet part of the fund that you have to put in to start trading. So it isn't wise.

i have met some of the people from a Cebu based company who teaches forex for free out of passion. they are forming a support group so you may want to tap with them. all they do is study study and study and they really help each other. Forex Cebu is the trade name of the company and you can check them at forexcebu dot com. since I travel a lot I welcome the thought of meeting them someday. i've heard they got new friends who also attended the recent learn to trade seminar in cebu, these guys were kind of disappointed with the result, so far they're happy dealing with forexcebu. let me know if you are able to talk to anyone of them.

regards


ntc

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hi iloveforex, how long have you been trading forex if i may ask? how many and how were you able to evaluate the robots? i assume those are the softwares right? how much did you spend to test those robots? You said they dont always make you win but isnt that expected? i mean you cant win 100% of the time but as long as your wins outnumber the losses, and you are profitable, i guess it should be a good thing right? have you tried using the smartcharts? or maybe i should ask what software have you used and made good returns for you?


iloveforex

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Been trading for more than 16 years already NTC and i'm now sticking to my own analysis via Metatrader4 and Tradingview as they both have useful tools.



ntc

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ay, mahal pala!

hi, wilch23, why do you say mahal? how much are you willing to spend for this kind of offer?


ntc

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Been trading for more than 16 years already NTC and i'm now sticking to my own analysis via Metatrader4 and Tradingview as they both have useful tools.

i see. how did you get started? how long before you actually became a profitable trader? do you really have to experience losses and commit mistakes to be a profitable trader? because with this "learn to trade", they are like "cutting short the learning curve" so you wont have to spend so much time making trial and error on demo accounts and just go directly on making money.

that's what i understood from the 2 hour seminar but when i checked out the take home usb which contains the modules, i felt that 3 days of training will not be enough to be able to understand forex and i am just lost right now because quite honestly, i dont know if 1-2 hours a day of studying and trading will be enough to make you a profitable trader or will it?


iloveforex

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Started profitable back in 2002 market was pretty predictable si when reversal came I had my share or loss too. It was only 8 years after that I decided to really sit down and study.

Once you have the forex basics it's easier to learn everything, you don't need to loose actually. You just have to be very careful and back yourself with a trade plan all the time.

I'm actually jobless but i'm a full time trader. Makes life exciting.


ntc

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Started profitable back in 2002 market was pretty predictable si when reversal came I had my share or loss too. It was only 8 years after that I decided to really sit down and study.

Once you have the forex basics it's easier to learn everything, you don't need to loose actually. You just have to be very careful and back yourself with a trade plan all the time.

I'm actually jobless but i'm a full time trader. Makes life exciting.


ok so from your 1st-8th year, how were you trading? how much in monthly percentage were you making and how? just by yourself applying the basic knowledge? or you bought softwares to do the thinking for you? then on your 9th year up to now, have you been more profitable? how much growth did you make in your portfolio when you started to sit down and study?

how long do you think is a decent timeframe to learn the basics of forex for someone who has zero knowledge but is intelligent enough to understand basic concepts? like a fresh college graduate for example?

could you please define full time? how many hours/day and days/week do you trade and how many hours do you need to come up with a trade plan? do you do the trade plan daily? weekly? monthly? annually?



wilch23

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PhilForEx

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 Hi.. i'm new to ForEx trading, and i've already blown an account. kasi na-excite ako. ndi ako nag demo.. :(
pero, ngaun nagdedemo nku.. too late, pero, ok lang. and i'm grateful na nakita ko tong thread nato sa PMT.. real experience of real traders pump me up.. :D
im looking forward na marami po aqng mapupulot na lessons and advices sa inyo.. thanks po :D
 :thankyou:


ethanolmos

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Hello, everyone!
I'm new on this forum. But I bring some of an old info to share. As it has been told for a million times, you should start practicing without financial risks or your forex experience will turn in worst gambling ever. So you should start with Brokers with low spread or zero spread to fill your hand.
Hope you'll notice this and avoid critical mistakes!
« Last Edit: Aug 22, 2017, 05:49 AM by ethanolmos »


Searching

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Hello everyone, I am currently looking for a broker where I can learn the basics of trading. Do you have any suggestion which one is the best? Thanks a lot :-) :-)


viper0302

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To learn the basic I suggest babypips.


To learn how to successfully trade, I suggest communicate with traders who has successful trading account of at least 1 year.


Ask them how they do it. If they offer it for Free your lucky. But usually successful traders ask for a payment for their successful strategy.


I do the same thing. I have rules on trading that someone can duplicate and earn from it.


PM me so we can discuss.



wmsilva

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hi. I'm new in forex and would like to talk to a forex group here in manila same as that of forexcebu mentioned.


chris4stuff

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XM will have a seminar on Oct 21 Saturday, 10am to 4pm in Dusit Hotel
If you want to attend, please register here: https://clicks.pipaffiliates.com/c?c=225013&l=en&p=7


Only 150 registrants will be allowed


To be able to claim your free real $30, you need to create a real account
https://clicks.pipaffiliates.com/c?c=225013&l=en&p=1


I will see you there


jetpack1988

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 Sir mam pwd po humingi ng advice. Un friend ko po kz n ngfoforex trading hinahanapan ng permit ng bank. Nde nya po tuloy mawithdraw un money nya s bank bcoz of AMLC daw po. Anu po need n gwin?  Salamat po s advice.


Bryan_099

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Hi guys!

To all Pinoy Forex enthusiasts, JustForex is having its first free Forex seminar on March 3, 2018, Saturday, 1pm-5pm, at Y2 Residence Hotel in Makati City.

Learn the basics of Forex, how to use the main indicators, and how to place buy stop and buy limit, and sell stop and sell limit.

Slots are limited only!

To register, follow this registration link: https://justforex.com/promo/forex-seminar-makati/

For questions, feel free to send me a message. Thank you!


DCobarrubias

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Hello Iloveforex,


I have been reading some of your post on this thread.W[size=78%]hat I have read is really great. Even ntc is saying that if some one can guide you and give you a good advice in forex trading, the risk can be minimize but yes it cannot be avoided. Risk is always be apart and always around the corner if you are not careful. [/size]
With your 16 years of experience in forex trading, can you be our guide,those pmt member who is dying to learn this skill?
I am serious, how can I contact you. By the way my email address: cobarrubiasda@gmail.com.  [/size]


Danilo


Bryan_099

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Hello newbies!

Forex broker JustForex is having its next Free Forex Seminar on June 16 in Makati! The guest speaker is Mr. Jose Diaz from AXA Philippines. The seminar is perfect for beginners. Register here: https://justforex.com/promo/forex-seminar-makati-june/


cailee2308

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hi, i loveforex! thanks for the reply! i attended the seminar held at the manila hotel last nov 23 and they were offering a 2 day course about how to do forex and a bonus 1 day live trading while being coached by the "top traders" using their software called smartcharts. the total cost for the enrollment was 80k pesos. then you have to pay a maintenance fee of 89usd a month to use the smartcharts because it's supposed to automate your trading and it will do all the hard work for you so you will win most of the time and cut your losses to a minimum. do you think this really is worth that much? anybody here who can vouch for their legitimacy? and does it really work?

Hello there ntc, from my honest opinion, you don't have to spend that huge money to start and learn the basic of forex trading..
You don't need any software to earn..and in fact, forex trading is already automated..you can just put your order,,place your stop and take profit target.. 89USD per month maintenance is a huge amount already if it some up..it could give you a lot of capital in hand so you can used it to gain more..

I am a self taught trader, still an employee and I trade forex part time..and you don't have to trade full time to maximize your earnings..

I can tell you..even if you win 50% most of the time you can still end up profitable..

You only need to learn how to read the price chart..apply the proper risk management together with discipline..you're all set..

Don't depend on just software..learn to trade with your own decision..Trading is a professional skills that if develop..it will give you a lifetime source of income that no one can take away from you..

Hope it helps..


Ani76Trader

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Sir mam pwd po humingi ng advice. Un friend ko po kz n ngfoforex trading hinahanapan ng permit ng bank. Nde nya po tuloy mawithdraw un money nya s bank bcoz of AMLC daw po. Anu po need n gwin?  Salamat po s advice.

Have you solved your issue?
I think you have to register and get a certificate from AMLC (Anti-Money Laundering Council).

BR


Senyor

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April 16, 12019 Tue
Kamusta na mga iDOL ..
just a recent position  on pairs..
one is SHORT TERM the other is LONG TERM
-
for LONG TERM set STOP 300 pips away
for SHORT quick SWING set 12 pips away
-
i spoke to a veteran.. an he set stops at 500pips away from the mean or entry
and he makes 1k to 2k pips on YEN or GBP pairs (wild swings)
-
on EURO pairs set stops less than 200
over time look at the BIG MOVES or TIMEFRAME and that should
reward those with WIDE STOPS...
-
tight STOPS whips your spirits and account
wide stops with impeccable SIZING keeps your morale and CAPITAL in the GAME
==
keep well and tame your greed and ecstasy
your friend
 :hello:
senyor
 
LONG TERM
GBPAUD: 18311 by ROBOTO by roy reyes, on Flickr
===
SHORT TERM

EURUSD: 1302 SHORT by ROBOTO by roy reyes, on Flickr
« Last Edit: Apr 16, 2019, 01:33 PM by Senyor »


yvee

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April 16, 12019 Tue
Kamusta na mga iDOL ..
just a recent position  on pairs..
one is SHORT TERM the other is LONG TERM
-
for LONG TERM set STOP 300 pips away
for SHORT quick SWING set 12 pips away
-
i spoke to a veteran.. an he set stops at 500pips away from the mean or entry
and he makes 1k to 2k pips on YEN or GBP pairs (wild swings)
-
on EURO pairs set stops less than 200
over time look at the BIG MOVES or TIMEFRAME and that should
reward those with WIDE STOPS...
-
tight STOPS whips your spirits and account
wide stops with impeccable SIZING keeps your morale and CAPITAL in the GAME
==
keep well and tame your greed and ecstasy
your friend
 :hello:
senyor
 
LONG TERM
GBPAUD: 18311 by ROBOTO by roy reyes, on Flickr
===
SHORT TERM

EURUSD: 1302 SHORT by ROBOTO by roy reyes, on Flickr

i am interested to learn forex. as of today, nagtry ako sa fbs. however, i still want to know whats the best broker for beginners like me?


Evangelinee

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Can anybody help me? I am learning forex trading from the last month. I didn't find any good mentor, trying to learn some basics from online.

Forex trading for beginners

Is this website guide is good? Which the best resource to learn?

Thank You


Ani76Trader

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Can anybody help me? I am learning forex trading from the last month. I didn't find any good mentor, trying to learn some basics from online.

Forex trading for beginners

Is this website guide is good? Which the best resource to learn?

Thank You

Hi there, I suggest you learn the basics and fundamentals of the market, then look for a good mentor.
The cost of a mentor is quite expensive, and finding one to match your trading style is hard to find.

Babypips and Investopedia is a good way to start.


 


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