Retail Forex Trading.

SouthKerry

Ive been interested for quiet a while in opening a retail forex account but having done research on the internet most people are saying that most of these companies are a scam, i just want to know are they, as i really would like to get involved in fx trading without been conned, i came across one here in Ireland ( dunno if i can mention the name?) anyway it seems legit so i was thinking of depositing some money. My question is does anyone else here trade FX and if so can they point me to a legit comapny that i can trade on.

SouthKerry

???? no one??????

InReality

maybe cmcmarkets

JackieT

what kind of lot size are you looking to trade? For smallish accounts, try Alpari. larger ones - Oanda, or setup a forex trading account with a bank. You can also check out the forex broker reviews at www.forexpeacearmy.com

BrazilianNutter

Hi there,

Finally I've found some Forex traders in Ireland!
I've been living here for the past 5 years and haven't met a single soul that trade forex privately.

I'm trading forex now for 6 years, and enjoy it. Specially because the volatility that you don't get anywhere else!

Currently I trade with a broker called Tamley Global Markets (www.tamley.com) they are regulated by the FSA. I've been trading with them since Oct08 and no complaints so far.
One thing that I like about them is the customer service and the trading platform (the best I've ever seen). Also their spreads isn't too bad at all, 1 pip on majors.

Do you guys know about a forex trading community here in Ireland?
If not, I'm thinking of setting up one...what do ya think?

Anyway, let keeping in touch.

Cheers!!

JackieT

Hiya! I dont know any other forex traders in ireland, I'm not in the financial industry anymore though. Feel free to setup a forex trading community, but as I'm a swing trader myself, don't expect too many live calls!

I'm long EURUSD at the moment from 1.2510, but will probably close position on Sydney open Sunday I think! Looks like the equity market rally has run out of steam now, so i'll look at going short EURUSD again around 1.3

mpearce

Hi,

as in the first post above, i am also interested in opening up a forex account/spread betting account.

Reliaible/Clear information is pretty hard to find - well, i am finding it difficult to find relevant information.
So many conflicting reports on brokers - it's hard to tell the genuine stuff from the blurb.....

If there is anyone with 1st hand experience on forex here.

Basically i am looking for a forex/spread account with;

24 hr trading on currencies
small'ish minimum deposit - e500
simple account opening procedures/do they require documentation.Does a broker based in the uk need extra account opening details?


The comparison sites and actual broker sites are far from clear and it would be nice to here from someone in ireland who uses these and the do's and don'ts involve.

Currently have tried to narrow it down to cmc and igindex. So anyone who has opened an account with either of these or an alternative????


Any advice/pointers welcome.

Thanks for your time......

BrazilianNutter

mpearce wrote: »

Hi,

as in the first post above, i am also interested in opening up a forex account/spread betting account.

If there is anyone with 1st hand experience on forex here.

Basically i am looking for a forex/spread account with;

24 hr trading on currencies
small'ish minimum deposit - e500
simple account opening procedures/do they require documentation.Does a broker based in the uk need extra account opening details?

As I said above, I trade with this crowd Tamley Global Markets. They are very reliable and the quotes is one of the best in the market.

However they only offer Forex, they don't offer Spreadbetting or CFD.

As I only trade Forex, they suffice my needs, plus the platform is a work of art (takes time to get the head around it tough...).

JackieT

Spread betting companies are probably fine when it comes to smaller sums, but when it comes to larger trades I'd be hesitant, as they have a vested interest in seeing you lose money. If I'd put more than a few $ mil on the market in a single trade, I would use a reputable forex broker (not a bucket shop).

BrazilianNutter

JackieT wrote: »

Spread betting companies are probably fine when it comes to smaller sums, but when it comes to larger trades I'd be hesitant, as they have a vested interest in seeing you lose money. If I'd put more than a few $ mil on the market in a single trade, I would use a reputable forex broker (not a bucket shop).

Well Jackie,
Your comment is unfounded and incorrect.
I use to work in the Forex industry myself, the reality is that the brokers want their clients to win, because they earn the commission in the spread.

Broker don't want a client to deposit few thousand euros, blow it and walk away. They want clients that will be profitable, because they will carry on bringing business to the company.

Broker usually hedge all their positions automactically, therefore, they never trade against the client.

That's my two cents...

JackieT

hey, I think you misunderstood - i was talking specifically about bucket shops, i.e. brokers who don't place a matching order in the market. So by dealing with them, you are effectively betting against the broker, not the market.

billdubs

I'm also looking into trading the forex currency market. I used to trade stocks and the hours did just not work out for me, at the most I could trade 1 hour per day and I like to day trade.

One thing I'm looking at is this megadroid program that is like a robot that trades for you. It's designed for the forex market and I'm following that persons blog to see if he can make some profit with it. Seems like an interesting thing to try out.

Have you guys every tried any of the MetaTrader expert advisors? If so, how did they work out for you?

BrazilianNutter

Hi there,

From a personal point of view: Keep away from Trading Robots!:mad:

Trading Robots are merely designed to follow the technicals, but as you probably know, there is plenty of fundamentals surrounding the Forex market.

Trading Robots can express this view (trading the fundamentals), and this can cost you dearly, you just need one fundamental fact to blow away your entire account trading with robots.

Well, I suppose there's no harm for you to try it out on the Demo account and see for yourself.

As per this systems Metatrader, it got famous among newbies that were fascinated by the world of the automated trading (thinking that could make easy bucks!).
This trading plataform isn't the worst I've seen, but certainly is far from what I can call: good trading platform.

The major flaw on Metatrader on my view is that many features, just work while your logged on (ie. trailing stops).

Take care.:pac:

InReality

Defo be v careful with robots or "educational" packages.
ESP the ones that offer 30 refunds !

I don't know how cmc are for forex , but they were *ok* for me I was just dipping a toe in the water.

Have similar forms needed to opening a bank a/c , they have an office in dublin , so was quick enough , maybe a few days , once I got the forms together.

Sometimes refused / requoted trades , but not often.

Would be interested to see what others thought or them and IMG.

Oh & I could check CMC from work , but not IMG - prob the main reason went for CMC.

Merjock

I've been trading Forex with Alpari UK for the past six months, and
I'd regard them as a pretty good broker. They're fully regulated and their spreads are reasonable. I was able to open a Euro account with them as well which avoided any currency exchange risks. Regarding 'Robots' or EAs (Expert Assistants) as they're known in the trade, some of them do actually work and can be a useful adjunct to manual trading. I've been using one called FAPTurbo for a few months with reasonable success, getting around 14% return over two months (better than the banks anyway!).I've demo'd the above mentioned 'Megadroid' and found that it hardly ever trades! Definitely not worth the money. I'm afraid I'd beg to differ on Tamley's trading platform which I've also demo'd. It's one of the klunkiest I've ever seen! MetaTrader 4, I've found, is quite a decent platform, as is CMC's Market Maker.
Does anybody know of any Irish Forex brokers?

BrazilianNutter

Hi there,

Well I'm not gonna get into this discussion around automated trading, defo it doesn't work on the long run.

As for Tamley's plataform, yes it can be a bit overwhelming for novice traders. I've been trading with them for a while and just love the platform, took me a good few weeks to get used to it, but now, I'm flying.

Metatrader platform is rubbish, pretty bad engineered, and for the back-testing, that is a joke, try to run it a forward test and them run a back test for the same period and you will know what I mean..hehe
MT4 has got popularity, solely because of the capability of creating trading robots, that's it.

Simple feature like "Trailing Stop" only work when the platform is on!!

Anyway, this is just my two cents.

Alright guys, let's organize this meet up in Dubs??:cool:

Take care and good trading for all.

Merjock

Yes, it would be good to meet up for a natter on forex trading over a pint or two. We can argue about the merits or otherwise of EAs as well!

Regards
Dermot

margin_maestro

Hey all,
I know this posts a year old, dunno if any of you are still trading? Stumble across any communities here in Ireland?
I'm a day-trader in Dublin and looking for a programmer who knows MQL4 (the language of Metatrader and what expert advisor/robots are built in) as I want to automate some of my strategies. To respond to some of your opinions, most commercial EA's aren't profitable in the long run for various reasons.
But using your brain and working your own strategies is very do-able when you're not approaching them as black boxes that do or don't work.

Dermot: ever organise those pints?

Thanks!

Merjock

No, I'm afraid not! I've been to a few free seminars given by Online Trading Academy and made a few contacts there.(didn't take them up on their offer though, costs about €3000!)
I'm not trading myself at the moment, as I am finishing up a masters degree. But I'm gathering as much educational material as I can, as I plan to trade full time in a year or two. I did trade with a few commercial EAs and actually made money, but I'm determined to learn to trade manually,
as I know that that is where the money is. If you're looking for a MQL4 programmer, I doubt if you'll find one in this country. You could do worse than to contact a lady called Donna who runs a web-site and forum devoted exclusively to Forex. She has a lot of contacts in that area, and I'm sure she'd put you in touch with the appropriate people.

http://www.donnaforex.com

Forum: http://www.donnaforex.com/forum/index.php

Let us know how you get on. Nice to know somebody has made a success of Forex Trading!

arrowloopboy

SouthKerry wrote: »

Ive been interested for quiet a while in opening a retail forex account but having done research on the internet most people are saying that most of these companies are a scam, i just want to know are they, as i really would like to get involved in fx trading without been conned, i came across one here in Ireland ( dunno if i can mention the name?) anyway it seems legit so i was thinking of depositing some money. My question is does anyone else here trade FX and if so can they point me to a legit comapny that i can trade on.

I've being daytrading forex a couple of years,i can vouch for Easyforex ,there spreads aren't the lowest but the price is the price no messing.I'm also in the process of opening an a/c with IG Index to trade via spreadbetting for the no tax implications.
I wouldn't bodder with the Irish firms,i looked into them and decided against them.
Firms dont want you to loose your money ,thats bull****.
Don't rush into fx ,you'll loose all your funds,trust me.
Here are 3 websites that will help alot www.babypips.com
www.Forexfactory.com and for free charts tips etc www.dailyfx.com .

If your new to f/x ,youve alot to learn ,try to learn without loosing money,maybe demo till you know what your doing.

Any questions,pm me

Happy pippin

Arrow

arrowloopboy

BrazilianNutter wrote: »

Hi there,

Finally I've found some Forex traders in Ireland!
I've been living here for the past 5 years and haven't met a single soul that trade forex privately.

I'm trading forex now for 6 years, and enjoy it. Specially because the volatility that you don't get anywhere else!

Currently I trade with a broker called Tamley Global Markets (www.tamley.com) they are regulated by the FSA. I've been trading with them since Oct08 and no complaints so far.
One thing that I like about them is the customer service and the trading platform (the best I've ever seen). Also their spreads isn't too bad at all, 1 pip on majors.

Do you guys know about a forex trading community here in Ireland?
If not, I'm thinking of setting up one...what do ya think?

Anyway, let keeping in touch.

Cheers!!

Hey Brazil,

Theres a handfull of private traders that i know of,myself included but most are private annonomous types.
What do you trade,i stick with e/u which suites me,sold @ 1.3590 and again @ 1.3550 last week closed this morning @ 1.3445, happy days:D:D.

Regards....

Arrow

DublinJobs

There is a company with an Irish based partner that runs free forex training. Website is makemoneycurrencytrading dot co dot uk . They also do free seminars for beginners as well as advanced. There is free daily report also.They teach people how to trade in general and how to trade their strategy in particular .They also run a live demo portfolio so you can see their strategies working live.

another good site for beginners is babypips dot com .Its a good forum with a lot of helpful people

Merjock

Why not just post the name of the broker here?

Merjock

I've used their demo account and I found their spreads to be
on the high side compared with brokers based elsewhere.
You should also be aware that the currencies they quote are
Futures and not spot Forex, as with most other brokers.
Essentially, therefore, they are a spread-betting company.
I also found their platform to be very slow compared to other
brokers based abroad, but maybe this applies only to the demo servers.
And by the way, the link you provide is clearly an affiliate one!
That's not allowed here!

Watson1

what about the Forex Multivers and the Forex Overdrive those two are winning a lot on the Real Money Accounts Competition at http://www.forex-robots.com. I believe those two robots are very solid, I will give them a chance on my account.

gb153

While we're on the topic of forex does anyone have recommendations for good books or other resources on how to get into it?

Become

gb153 wrote: »

While we're on the topic of forex does anyone have recommendations for good books or other resources on how to get into it?

Have often heard "Trading in the Zone" by Mark Douglas praised by many, haven't gotten round to reading it myself though and possibly might never get round to it, as there's so much other free stuff everywhere online to keep you busy 24/7. Post # 20 above seems good advice too if you haven't yet gotten round to it. BTW am myself also a complete newb to this too :-)

Kimi001

Trading is a very good platform to earn good money, especially Forex trading system. As said in the thread there are so many Forex trading systems available, but most of them are fake and scam. It’s up to us to do some research and homework before choosing a Forex trading system.

Merjock

gb153 wrote: »

While we're on the topic of forex does anyone have recommendations for good books or other resources on how to get into it?

The others are right. Don't whatever you do fork out loads of cash
for so called trading courses. Most of them are scams.
Yes, there are some good ones out there, but you can
get loads of free education online without paying a cent.
Just get googling and take part in some of the better trading forums.
Besides ones mentioned above, try:

http://www.donnaforex.com/forum/index.php

http://www.forex-tsd.com/

Merjock

Kimi001 wrote: »

Trading is a very good platform to earn good money, especially Forex trading system. As said in the thread there are so many Forex trading systems available, but most of them are fake and scam. It’s up to us to do some research and homework before choosing a Forex trading system.

Yes, you can make money trading Forex but it's not for the faint hearted.
My advice is to take your time, spend at least 6-12 months to learn as much as you can and to practice on a demo account before you invest a red cent. There's an awful lot to learn, especially about risk management which is the bedrock of any good trading system.

arrowloopboy

Kimi001 wrote: »

Trading is a very good platform to earn good money, especially Forex trading system. As said in the thread there are so many Forex trading systems available, but most of them are fake and scam. It’s up to us to do some research and homework before choosing a Forex trading system.

What kinda systems are ya on about Kimi ?

Most systems dont work ,because lazy fools think theirs a short cut in this buisness,and instead of putting in the hard yards,they want someone else to tell them when and what to do.

Develope your own system,that suites you,after all its you thats going to trade it.

As an old mentor used to say,this is the best buisness in the world,no office no staff,trade from anywhere,you set the odds,you can add to a winner,cut a loss short.

The profits from Forex can be disgustingly high, but only for the 5%,rest of the 95% just donateing.

Merjock

Absolutely agree with that. Forget about robots and 'systems' sold for $97, spend the time, and the effort, to learn to trade manually. Treat it as a job and not a get rich quick scheme. 80-90% of trading success is down to correct psychology and risk management. Greed kills!

arrowloopboy

Merjock wrote: »

Absolutely agree with that. Forget about robots and 'systems' sold for $97, spend the time, and the effort, to learn to trade manually. Treat it as a job and not a get rich quick scheme. 80-90% of trading success is down to correct psychology and risk management. Greed kills!

I'd say that 80-90% is conservative,if your head isn't right,no matter how good your system is,you'll turn it into a looser.
Tom Brasso writing in one of Van Tharps books,reckons anyone risking anything over 2% per trade is an absolute nutter,and over time,i agree.

Merjock

arrowloopboy wrote: »

I'd say that 80-90% is conservative,if your head isn't right,no matter how good your system is,you'll turn it into a looser.
Tom Brasso writing in one of Van Tharps books,reckons anyone risking anything over 2% per trade is an absolute nutter,and over time,i agree.

Yes, I'd agree with that. 1-2% max per trade is a sensible level of risk.
I'd also endorse VanTharps books. Not easy reads but plenty of good, sensible writing about expentancy and risk management, obviously a subject our banks and property developers knew absolutely nothing about over the past few years!
Newbie traders should be aware that the professionals are mainly obsessed, not with making vast profits, as people normally believe, but with effectively managing risk.

charles112

Hey everybody, first time here. I am looking for Clare based traders, Can anybody help...
Charles.

SeanHarris101

Hello to this thread. I have recently moved to Ireland from Edinburgh. I use forex for extra icnome and traded with Alpari before.

There is now an interesting company that you can register with called Admiral Markets. www.admiralmarkets.com

The spreads are good and they offer the use of MetaTrader4 Special Edition and MetaTrader5 as well. I have not seen enyone else offering those platforms of Irish and UK customers.

I am trading with them currently and they seem to be alright.

Anyone else has any expirience with this outfit?

sondhi

BrazilianNutter wrote: »

Hi there,

Finally I've found some Forex traders in Ireland!
I've been living here for the past 5 years and haven't met a single soul that trade forex privately.

I'm trading forex now for 6 years, and enjoy it. Specially because the volatility that you don't get anywhere else!

Currently I trade with a broker called Tamley Global Markets (www.tamley.com) they are regulated by the FSA. I've been trading with them since Oct08 and no complaints so far.
One thing that I like about them is the customer service and the trading platform (the best I've ever seen). Also their spreads isn't too bad at all, 1 pip on majors.

Do you guys know about a forex trading community here in Ireland?
If not, I'm thinking of setting up one...what do ya think?

Anyway, let keeping in touch.

Cheers!!

Hi

ME and my friend are doing forex from last three years . i would love to join people who do forex.
Please reply me .
Thanks
Amit sondhi

MikeyGog

FX Trading requires a huge amount of self discipline. Around 95% of all first time FX traders lose there investment. I am no expert but I would advise anyone reading this not to invest unless you have traded a Demo A/C for a least a year. There is so much to learn, not just about the FX market itself but about yourself and how you react to winning and losing trades. The emotional ups and downs can be very stressful. The market loves to see new little fish in the big pond. Remember for every Euro made/won in trading there is also a loser and you are trading against people who have been in this business a long time. Leverage is probably the most dangerous aspect of trading, some companies offer up 200/1 leverage which is crazy. Start small and be realistic with your targets. If you can make a profit of 10-15 percent in your first year you are doing well. I could go on and on but the only way to learn without losing money is by using a Demo
A/C but you must treat it as real money and even then you will not know how you will cope when you start trading the real stuff. Fx trading is Gambling at the end of the day so do not invest ( or donate ) unless you can afford to lose it.

arrowloopboy

MikeyGog wrote: »

FX Trading requires a huge amount of self discipline. Around 95% of all first time FX traders lose there investment. I am no expert but I would advise anyone reading this not to invest unless you have traded a Demo A/C for a least a year. There is so much to learn, not just about the FX market itself but about yourself and how you react to winning and losing trades. The emotional ups and downs can be very stressful. The market loves to see new little fish in the big pond. Remember for every Euro made/won in trading there is also a loser and you are trading against people who have been in this business a long time. Leverage is probably the most dangerous aspect of trading, some companies offer up 200/1 leverage witch is crazy. Start small and be realistic with your targets. If you can make a profit of 10-15 percent in your first year you are doing well. I could go on and on but the only way to learn without losing money is by using a Demo
A/C but you must treat it as real money and even then you will not know how you will cope when you start trading the real stuff. Fx trading is Gambling at the end of the day so do not invest ( or donate ) unless you can afford to lose it.

I agree with nearly all of that,except the gambling bit,its gambling for the majority,if your trading a plan with a set of criteria that returns a positive expectancy ,its the same as trading equities/commodities .
Granted,most don't approach FX that way,hence the 5 % mop up from the 95%.

MikeyGog

If you are spending money on an uncertain outcome you are gambling be it equities/ commodities, FX, horse race ect. I know a trading plan is vital but you are betting on yourself. Have you the mental strength to stick to your plan after a string of losses? Can you overcome the psychological challenges of trading? These are things you can only learn by investing real money. Demo A/C's can only teach you so much, the rest you have to learn from experience. What I am trying to say is there is no easy way to make money in the FX market, you may be lucky with your first few trades but in the long run if you are new to it there is a 90% chance you will be donating your money to the big fish, after all someone has to lose. It,s GAMBLING as sure as stocks rise and fall. So be careful, do plenty of research, and when you think you are ready do some more research and if you have the discipline to trade a demo a/c for 12 months (without blowing it) give it a shot. Good luck.

arrowloopboy

MikeyGog wrote: »

If you are spending money on an uncertain outcome you are gambling be it equities/ commodities, FX, horse race ect. I know a trading plan is vital but you are betting on yourself. Have you the mental strength to stick to your plan after a string of losses? Can you overcome the psychological challenges of trading? These are things you can only learn by investing real money. Demo A/C's can only teach you so much, the rest you have to learn from experience. What I am trying to say is there is no easy way to make money in the FX market, you may be lucky with your first few trades but in the long run if you are new to it there is a 90% chance you will be donating your money to the big fish, after all someone has to lose. It,s GAMBLING as sure as stocks rise and fall. So be careful, do plenty of research, and when you think you are ready do some more research and if you have the discipline to trade a demo a/c fo
r 12 months (without blowing it) give it a shot. Good luck.

You mention '' investing real money'' above,by your rational,should that not be gambling real money???

MikeyGog

Now your have it

arrowloopboy

MikeyGog wrote: »

Now your have it

Ooh right.

coldevolution

Hi... find myself with a few minutes to spare... my computer is being over hauled and 2 screens need replaced. Been trading around 7 years now mainly forex.. have attended many courses paying well over £3000.00 in London etc (plus flights hotel etc)... Back then as a newbie I guess my first course which I think was called "Ultimate Forex Profits" alowed me to quickly get a grasp on the business I was about to enter... Was it worth the investment??? Maybe? It was frightening... the prospect of earning 10 +% a week compunded could bend the iron will of most mortals.... lol

Looking back I can only say the one main thing that I should of taken to the top of the "Urgent" do not pass go until you get your psychological mindset in place... as the enemy is "you".... Those that have been trading for while.... will most likely have a laugh to themselves, those recently entering the business, please look into psychology in trading before you lodge one cent of your hard earned money. I have been using CMC for just over 6 years now, and I find the platform quite easy to use. The only issue during large effect news is the spread can run as high as 20 pips from the normal 0.7/1 pip spread, so scalping into these news releases is not recommended.
I utilise metatrader 5 for the charts in the majors I trade, only using CMC to place and manage the trades. Robots will only trade succesfully for an amount of time before blowing your bank away... so be careful. EA's are a helpful tool as long as you do not rely on these only, I can say with knowledge taking less trades will make you more money in the long run...do not over trade...

Ok thats my 4c worth... hope some of it helps

Regards to the traders...

arrowloopboy

coldevolution wrote: »

Hi... find myself with a few minutes to spare... my computer is being over hauled and 2 screens need replaced. Been trading around 7 years now mainly forex.. have attended many courses paying well over £3000.00 in London etc (plus flights hotel etc)... Back then as a newbie I guess my first course which I think was called "Ultimate Forex Profits" alowed me to quickly get a grasp on the business I was about to enter... Was it worth the investment??? Maybe? It was frightening... the prospect of earning 10 +% a week compunded could bend the iron will of most mortals.... lol

Looking back I can only say the one main thing that I should of taken to the top of the "Urgent" do not pass go until you get your psychological mindset in place... as the enemy is "you".... Those that have been trading for while.... will most likely have a laugh to themselves, those recently entering the business, please look into psychology in trading before you lodge one cent of your hard earned money. I have been using CMC for just over 6 years now, and I find the platform quite easy to use. The only issue during large effect news is the spread can run as high as 20 pips from the normal 0.7/1 pip spread, so scalping into these news releases is not recommended.
I utilise metatrader 5 for the charts in the majors I trade, only using CMC to place and manage the trades. Robots will only trade succesfully for an amount of time before blowing your bank away... so be careful. EA's are a helpful tool as long as you do not rely on these only, I can say with knowledge taking less trades will make you more money in the long run...do not over trade...

Ok thats my 4c worth... hope some of it helps

Regards to the traders...

Everyone that ever attempts to trade anything should do themselves a huge favour and read Trading in the zone by Mark Douglas.

Merjock

coldevolution wrote: »

Hi... find myself with a few minutes to spare... my computer is being over hauled and 2 screens need replaced. Been trading around 7 years now mainly forex.. have attended many courses paying well over £3000.00 in London etc (plus flights hotel etc)... Back then as a newbie I guess my first course which I think was called "Ultimate Forex Profits" alowed me to quickly get a grasp on the business I was about to enter... Was it worth the investment??? Maybe? It was frightening... the prospect of earning 10 +% a week compunded could bend the iron will of most mortals.... lol

Looking back I can only say the one main thing that I should of taken to the top of the "Urgent" do not pass go until you get your psychological mindset in place... as the enemy is "you".... Those that have been trading for while.... will most likely have a laugh to themselves, those recently entering the business, please look into psychology in trading before you lodge one cent of your hard earned money. I have been using CMC for just over 6 years now, and I find the platform quite easy to use. The only issue during large effect news is the spread can run as high as 20 pips from the normal 0.7/1 pip spread, so scalping into these news releases is not recommended.
I utilise metatrader 5 for the charts in the majors I trade, only using CMC to place and manage the trades. Robots will only trade succesfully for an amount of time before blowing your bank away... so be careful. EA's are a helpful tool as long as you do not rely on these only, I can say with knowledge taking less trades will make you more money in the long run...do not over trade...

Ok thats my 4c worth... hope some of it helps

Regards to the traders...

Totally agree. You can learn 'trading' (ie. technical analysis et al) in a matter of months, if you put your mind to it. Learning to be a 'trader' is a completely different kettle of fish. Having the complete confidence to pull the trigger when a correct setup occurs, and to accept losses as an inevitable part of trading, is something that takes a long time to develop.
Trading forces us to confront many of our failings and inadequacies, and we can discover the awful reality of self-sabotage. Another key is to use/develop/buy a trading system with proven positive expectancy,
so that one can have confidence of profitability in the long term.
Cheers, and good luck to any who set out on this perilous path!

afpteam

Hi,

New member. Looks like trading has been quiet here for some time.

Is there anyone still watching the forum active in Forex?

I'm hoping to be relocating to Ireland in the near future, interested in finding out the current state of activity in FX retail there in recent months.

Regards all,

AFP

liamw212

Hi Guys
Did anyone set up that Forex community excellent idea, be interested in joining

Yeager101

Hi all,
This thread seems to be wavering a little. I am an interlay trader, trading across equities, commodities, bonds and forex. Sweet spots are oil and technology equities.
Im also thinking of setting up a meet up or group office in Dublin. Wondering if there is also other interest? I would be looking at getting together with serious traders who respect fundamentals, technical analysis and strategy. Not gamblers or punters.
Get in contact if you are interested.

liamw212

Yeager 101, if you are still considering setting up that group, I would be very interested in joining

Yeager101

Sure, pm me and we can meet for a coffee