zamanfx

So what regulator that regulating insta???

I never heard any of it

 

Haha, that's a good one JamieFX! ;)

Hi all,

 

I see that now so many broker that have been show up now. Some are regulated and some are not, so are a regulated broker is absolutely a trusted broker or not? What we should choose from a both of that

 

You should always choose a broker who is regulated and a Straight Through Processor (STP). There is no reason not to. You are after all trading with your hard-earned money. You want to make sure your broker complies fully with regulations and do not trade against you.

 

I think trust is subjective. Common sense tells me that between a regulated and a non-regulated broker, I would choose to trust a regulated broker.

 

There are many well-reputed brokers in the market but personally I am using FXPRIMUS as my trusted broker. They are a STP and has so far provided good trade execution. They also provide services such as coaching and SMS trade calls which can greatly shorten the learning curve of a new trader.

Thanks aventador :)

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

 

 

I suggest you do a thorough research about your broker first before you open a live account with them. Because it looks like you're trying to promote them and yet you know nothing about them :-?:-?

Yea I never heard of this broker and this kind of promo before. I'm using FXPRIMUS, one of the top reliable brokers in Asia.

Of course there are professional scalpers out there and they are profitable.

 

Whatever is your trading style, as long as you are comfortable executing it and it is profitable, then that style is for you. So if you have been scalping and have been consistently profitable, then scalping is for you.

This single question seems to be at the heart of both success and failure as a trader.

 

I'm curious as to what others use as their measuring rod for success. Is it accuracy, net ROI per trade, a positive MFE/MAE ratio, not getting stopped out, leaving a certain % of pips on the table in each position held, etc. etc., etc. How do you define it?

 

When you look in the mirror in the morning and say to yourself: 'You know something, you are a successful trader," what does that mean exactly?

 

Define: Successful Trader.

 

 

My definition of success is this: Success is the progressive realisation of a worthy ideal.

 

Only you can decide what is your worthy ideal/goal in the area you are pursuing, be it in trading, fitness, studies, relationship etc.

 

Like you said, if you can honestly look at yourself in the mirror and say "I am a successful _______", then you are successful.

 

Anyway, whether you are successful or not, either way you are right.

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

 

 

 

I am using FXPRIMUS and they have a free coaching service for 60 days when you fund the minimum of USD$250. I find that most useful for a new trader as it shorten my learning curve.

 

By the way, the Director of Training and Education of FXPRIMUS Mario Sant Singh was at Dubai to conduct a forex seminar and there were many aspiring traders in Dubai. Forex trading is still relatively new in Dubai but it is definitely a fast growing market.

In layman terms, margin trading simply means borrowing money and trading with money you do not have.

 

When you have a margin account, you will be able to get a greater exposure to the market with the same amount of money. The term margin and leverage is used interchangeably.

 

For example, if you have a leverage of 1:100, to take a position with

1 standard lot, you will allocate $1000 from your account to take that position. The broker 'lends' you $99,000 to enter the trade. So your margin amount is $1000 but you have an exposure of $100,000.

 

If you have a leverage of 1:200, to take a position with 1 standard lot, you will allocate $500 from your account to take that position.

The broker 'lends' you $99,500 to enter the trade. So your margin amount is $500 but you have an exposure of $100,000.

 

In both cases, whatever is your trade result be it win or lose, when you close your positions, you get back your margin.