Waterlily

Thank you guys.

CH_17: yeah the trading volume requirement is too high. I'm still a newbie so it will be impossible for me to join the promotion.

Guys if you're interested in the broker i have now check their website www.hymarkets.com they are based here in Dubai.

God bless everyone! :)

Regards,

Waterlily

^

I don't think any broker charges you when you deposit is a scammer. Just they want to earn a lot money from you :D

 

Anyway, I don't like the broker always charges my money when I deposit or withdraw. I think a good broker shouldn't do that, trader know how broker can earn money through their trades. Losing any pennies frequently for free activities as deposit or withdrawal is super bad. Luckily, my broker doesn't charge me for those activities.

Thank you for your input aventador! Happy trading and get away from scammer brokers.lol

I wouldn't want to register to that broker if it charge me when I deposit my money. That absolutely might turn to scam.

Hi duderex,

HY Markets didnt charge me when i deposited money for the investment but i think if i'll withdraw the money bank will charge me not the broker.

Regards,

Waterlily

Usually they do not charge you when you deposit but they could charge you when you withdraw. As egaalh says each broker has a different policy. With bank transfers (instead of checks or credit card payments) usually there are no charges.

I think the broker is not the one charging but the bank i guess. Waht do you think?

Now I am trading in forex . Already I have earned some profit . Now I want to earn a huge amount of money .That is why I want to be a successful trader and searching good suggestions to trade.

Hola,

I think you need to study the market really to be an expert and it take really more experience before you can say you're ready to invest huge amount of money.

Many here are experts already... share your experience guys.

Regards,

Waterlily

Can I start trading with as little as 25 dollars?

Hi,

You can start trading with $50 in HY Markets.

Regards,

Waterlily

Hey Guys,

Does your broker charge you everytime you deposit and withdraw? I'm going to open live account in hymarkets... To avoid cuts please share your ideas regarding deposits and withdrawals.

Thanks!

Regards,

WAterlily

Hola everyone,

What ar your brokers offer for year end? Hy makets is offering carribean year end promo. What do you think of this promotion?

Regards,

Waterlily

Can I start trading with as little as 25 dollars?

I started with hymarkets $50 mini account. Worth the try. :)

Hello fellow traders,

Before i will open live account in hy markets. I would like to know if you guys earn on forex swaps?

I want to know your experience regarding forex swaps.

Regards,

Waterlily

Hi guys,

Which do you think is beneficial? To be a TRADER or To be an Affiliate?

Currently, I am doing demo account in HY Markets... still practicing though but i also noticed that they have affiliation program in which i can also earn money by referring traders to them. Do you think it will be worth the time if i will join their affiliate program while im still studying and practicing my trading skills?

I need your advice.

Have a nice day fellow traders.

Regards,

waterlily

There are so many things to trade apart from Forex. There are spot metals, indexes, global equities and other CFDs...

Hello Daniuwei,

How about gold? I find it interesting but do you have any idea what are the products that will boom these days?

Regards,

Waterlily

Check out the forum completely and you can read posting on what others are interested in.

Thanks ForexMike. I'll check the postings.

Oanda is also good for starting out with a small account of $30

 

trading a live account will help to maintain your focus

as with a demo it will be too easy to disregard the trades

basically the mindset is different trading a live account

because you have your own hard earned cash on the line

the learning curve will be shorter.

Hola dk1aussie,

Oh1 i thought HY Markets are the only one who gives people the chance to trade in mini accounts. $30 is interesting also.

Thanks for the tip man.

Before you put money anywhere, you need to spend it on learning how to trade from someone who is a successful full-time trader. Most of the books out there on trading are garbage. EAs are nearly a complete waste of time.

 

Trading demo isn't useless. You need months and months of practice, even when you know what you are doing.

 

Your first port of call is a proper education. Trading is NOT a hobby, and if you want a hobby, try taking up stamp collecting or something.

 

With a proper education, you can trade wildly with the stops off because you have the confidence to know where price is going. If you don't have that confidence then you need to get that first.

Hi Rio,

Thank you so much for your insights. It is true that i need to practice my trading skills so that if i will invest money already or i mean open real trading account i will be ready and confident.

Your advice helps a lot.

Thanks a bunch!

Regards,

Waterlily

Hello Guys,

I'm sorry i was away for a while because i'm not feeling better. Dubai's weather is changing... How are you guys?

Totally agreed. Demo will kill you down the road because of reckless trading.

how can you say demo will you down? can you please share your experience with demo accounts?

thanks.

Welcome Waterlily

 

Do not Demo trade at all ...... put a small amount into a micro account and trade live

most brokers offer a micro account ... Demo trading is a waste of time.

Hola dk1aussie,

thanks for your comment. I did tried today in www.hymarkets.com. They have mini account which is not harmful because it cost $50 only.hehehe

Aside from Forex what other products are you interested to trade?

Is it a nice time to invest in gold these days?

I need your opinions fellow traders.

Regards,

Waterlily

It might sound boring but honestly you just have to get a good understanding of Forex and the trading platform. So demo, demo, demo only for a while is crucial. Don't be tempted to expose your hard earned money because you will almost certainly lose your funds until you get to understand the game. When you see a strong move - stay out of the market and see how it pans out. Chances are it's a lure to get you in the game. More often than not, the move will suddenly reverse as soon as you jump in. When I see myself tempted to jump in, I now pause to think "should I do the exact opposite the obvious?". This had curtailed the losses for me. So take your time and learn these behaviours - it will save you a lot of stress and sleep.

Thank you FxNewbie. Maybe i need to stretch my patience so that i can be successful in this biz. I dont want to be aggressive at the moment that is why i'm still trying to do demo. i need to work things out and find good strategies on how and when is the best time to trade in real time. thanks again for your help.

Hi Guys,

Just want to know if your happy and satisfied with your broker?

What are their strengths and weaknesses compared to other competitors.

At the moment i am with HY Markets and trying their demo accounts. I find it reliable and interesting.

I need your advice so that you can help me have more options.

Regards,

Waterlily

The important is to open demo account fist and not go live... Plus you have nice sections here with videos that can give us some basic knowledge...

Hello Kurts,

Yes. I opened an account with HY Markets since they are known here in Dubai. I tried their demo and i find it interesting and reliable. i think i need more exercise before i'll open live accounts. :)

have a nice day!

Learn some trading basic via e-books, videos.

keep practicing with demo account

Try to minimize the lost by learning it with e-books, videos and keep practicing with demo account.

 

Happy trading.

Thanks duderex. i'll keep that in mind. btw, have you tried trading in HY Markets?

Join the club... Also beginner and thrive for fortune :)

Hello Kurts,

thanks for your reply. Where can i check the beginner and thrive for fortune? :)

Hello Traders,

I am waterlily from Dubai. I am new to this hobby. I find it interesting to invest my money in forex. So, I joined www.hymarkets.com and currently still using demo account... But still full of question marks.

I hope i can learn new strategies from the Pro. I am hoping you'll help me guys so that i will be guided.

Btw, is there any traders from Dubai?

Thanks a bunch!:)

Regards

Waterlily