Anyone here trade Forex (successfully)

MrLNB

I am just wondering does anyone in ireland trade FX successfully

eire2009

Only sterling but that was obvious this crimbo.

Was trying to get a 100 trillion Zimbabwe dollar note but its actually very hard to find one In hope that some day they might sort their inflation out.

But forex moves to slow to make real profit I dont fancie counting pips all day.

For me anyway no expert but.

rugbyman

Well nobody gave LNB a reply, so here is another question needing a reply.

I changed some sterling that i had when it was 1.03. It is 1.13 today and I can change back and am happy with the outcome.

however i read on Bloomberg today that two big players ( forgot names already , one may be GS) reckon on a 10 to 15 per cent rise in the coming year.


I believe this also. How do I place a bet on this possible outcome. obviously i will have to place money as collerateral against a possible worsening of the exchange rate ,instead of the rise i expect.

Rugbyman

BrazilianNutter

eire2009 wrote: »

Only sterling but that was obvious this crimbo.

But forex moves to slow to make real profit I dont fancie counting pips all day.

Hi Eire,

Forex is actually one of the fastest moving markets. The daily average for EUR/USD for example is 150 pips (buy/sell).
Forex is also the market that has the highest liquity, daily is traded in the Currency Markets over 2 trillion dollars. This is 25 times bigger than the volume in the NYSE.

I trade Forex for about 8 years now, and no regrets. Have traded a bit of everything, but Forex is actually what drives me!

But don't be fooled, the Foreign Exchange Markets can be very risky so, if just you're starting, take it easy and open a account with some money you can afford to loose (and you will - that's going to be your learning share!).

I trade with a broker called Tamley Global Markets (www.tamley.com). They are very good and regulated by the Financial Regulator UK.

If you need any help, just gimme a shout!
PM me if you need anything.

pirelli

burning accounts, trying to find the grail

BrazilianNutter wrote: »

Hi Eire,

Forex is actually one of the fastest moving markets. The daily average for EUR/USD for example is 150 pips (buy/sell).
Forex is also the market that has the highest liquity, daily is traded in the Currency Markets over 2 trillion dollars. This is 25 times bigger than the volume in the NYSE.

I trade Forex for about 8 years now, and no regrets. Have traded a bit of everything, but Forex is actually what drives me!

But don't be fooled, the Foreign Exchange Markets can be very risky so, if just you're starting, take it easy and open a account with some money you can afford to loose (and you will - that's going to be your learning share!).

I trade with a broker called Tamley Global Markets (www.tamley.com). They are very good and regulated by the Financial Regulator UK.

If you need any help, just gimme a shout!
PM me if you need anything.

Are you affiliated with Tamley, What do you think of their platform?

BrazilianNutter

pirelli wrote: »

Are you affiliated with Tamley, What do you think of their platform?

Affiliate?? No!;)

I trade with them since October last year.
The platform is great, full of functionalities and have plenty of technical indicators and other features.
I personally found the platform a bit complicated in the begging, because of so many features, but after a while I got used to it.
That's why is always good to Demo platforms for a month at least, before opening a live account.

That's my two cents.:)