How to trade forex immediately

[Zr1Trader]

OP, take your money and go to Vegas, it'll be more fun.

 

[xelite777]

Quote from Jayan16118:

I'm a newbie but I did my research beforehand albeit it quite late.

I was right. The move I anticipated was that the GBP/ USD would fall significantly from what it was when I originally started this thread due to the US government inevitably announcing that they had reached a deal. I could have almost doubled my money!!!

Ah well, at least I did the trade on a demo account so I can fantasize about all the money I would have made

“Have an opinion on what the market should do but don't decide what the market will do.”
Bernard Baruch, legendary stock trader.

 

[Lucrum]

Quote from Jayan16118:

...I need to start trading immediately as I believe...

You're already on the traders highway to hell.

 

[Swan Noir]

Jayan, I know doubling your money sounds as if that is how it should work when your right but most profitable traders are only prepared to risk a very small percentage of their capital on any singe trade -- even when they are "sure". And by risking say 1% of your capital or even half that in the early days it gives you a better shot to develop the skill to someday risk 2% or even 3% on a single trade. It might not seem it but there is a ton of money to be made over the long haul playing it a bit safer. This is a great business for those who become expert and a very bad business to be in for the bottom 80%. It's not that you make less you don't even break even unless you master it.

I'm at this full time for four years and have had a number of times I thought I was over the hump but then, to my great surprise, I could not keep it consistent. At the moment it goes quite well and it is more consistent than it has ever been for longer than it has ever been. That said it will take more time for me to decide to ratchet up my size. Hey, I'm only 65. What's the rush!

 

[worldelite]

Quote from Jayan16118:

I've looked at Oanda, Dukascopy, Interactive Brokers but they all take at least a few business days to process your application. I need to start trading immediately as I believe something significant will happen in the markets today.

Which reputable broker that offers low commissions can I join today and start trading with immediately?

Many Thanks!

You can try HotForex, the verification is fast, you can open a live account within few minutes. However, don't to be in a rush when trade Forex. It easily burn your money.

 

[Jalijdit]

Quote from Gringo:
... As the saying goes: Never be in a hurry to do something stupid.
Gringo

I like it, Gringo!

The downside of taking your time is I sometimes take ages to adopt a particular trading strategy (scratch that, I take forever, always. Intraday traders: I'm lousy company).

And if you think regulated brokers put you through the wringer when applying, I spend weeks assessing the merits of brokers that I'm half thinking of trying out, and always reviewing the return even when I do take the jump (my current pin-up is excel markets - however, we're only dating, marriage NOT an option!).

Anyways, fine thread.

 

[Visaria]

Quote from Gringo:

As the saying goes: Never be in a hurry to do something stupid.

 

[boskop]

Quote from Jayan16118:
I could have almost doubled my money!!!

and you would have lost your money in the next trade!!!

 

[Visaria]

Quote from Jayan16118:

How was I spared? I almost doubled my demo account doing the exact same thing I would have done with a live account

How much are we talking? I reckon $50

 

[tangentShot]

Quote from Swan Noir:

I agree that he will not be able to trade "immediately" but to suggest these firms do due diligence is a joke. Have a pulse? Funds are cleared? Come right this way!

If your funds are cleared, they probably won't even bother if you have a pulse.