Trading Forex

SteveH said:
Then again, you're in India, of all places. Your country probably doesn't even have govt deposit insurance so if your bank goes belly-up, your money is buh-bye.
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our banks are controlled stricter than your banks and are safer....

a bank manager cannot go to the toilet without the permission of the central bank....

we do have insurance but it is for only one lakh rupees about 1400 usd.

however that does not mean they cannot go belly up

You do not know India....Trump want to settle down here after his presidency ends
 
expiated said:
My understanding is that it's illegal in India to trade any pair that is not tied to their currency. So, I have been wondering how Padutrader can be trading anything else, such as USDJPY, without breaking the law.
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I am breaking the law...what does it matter? it does not hurt anybody even the country...Modi may change it because he can now with the majority he has got.

but there are some laws that were made 50 years ago, which cannot be changed, even if govt wants because they need a big majority in parliament, so they do not bother to enforce the law.
in any case I am prepared to leave the country once I make money regularly.
 
SteveH said:
You're not acting like a normal person would who has recently come into a great deal of money (by your country's standards). The normal reaction is to permanently secure the gains
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I did withdraw my original capital
 
I am learning lot of things ...I am feeling alike Alice in Wonderland

momentum....has to be faded sometimes

sometimes has to be ridden

when?

that has taken me 12 years to find out

then you can make trades like these!
nh3.jpg
 
padutrader said:
jump in with one toe...put in 200 usd it may turn into a million....
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HAHAHA yeah a $200 lottery ticket! Seriously though, I will be giving it some thought, but probably with $1k or so if I do. I might be interested on contact details of your favorite FX brokers. I still have to finish the book I am reading on Forex and I got a couple more, too. Anyway I am thinking about taking my retirement next month and I will be fully funded soon thereafter in my stocks trading account, and if not then I will go back to work for a few months and still be funded by the end of the year. I would not feel so hardshipped trading with $10k in stocks if it were not for our infamous PDT rule.

Does your current broker offer paper trading?

Another possible issue though is I am a Linux user and so I am rather limited on which desktop platforms I can use for trading. How do you place your orders? Do you use a trading platform on a PC, or do it over the phone?
 
GrowleyMonster said:
I am a Linux user
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what is a Linux? do not use any sort of animal

sorry I should have said I have no clue...but the collective wisdom of ET is good...I think that had a lot to do with my success

I trade both on PC or on laptop depending on the weather
the room where the PC is has no air conditioning so when it is hot I use laptop in the ac bedroom
 
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