I Wish To Learn How To Trade Online “forex Trading “?
I Wish to learn how to Online trading, if any one knows which site teaching about online trading in tamil. or where can i download basics of online trading book in tamil.
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December 18th, 2009 at 10:11 am
Be careful with Forex — it seems to be one of the new scam areas of the time.
Anecdotal evidence seems to indicate that at least 95% of “retail forex” customers lose (you can search the Web for various stats on this, for what that’s worth).
Very few retail traders can open a “real” forex account that can trade against bank trading desks. Probably need $2,000,000 minimum or so to do that, plus be able to convince them that you’re something big.
The “forex” accounts typically promoted on the Internet aren’t the same — with those, you’re actually trading against your own broker, who issues OTC securities to you. This puts you in the rather awkward position of being in diametric financial opposition to your broker.
See also this warning regarding forex trading (it’s from the US perspective, but it probably applies globally to a large degree):http://www.cftc.gov/opa/enf98/opaforexa1…
December 18th, 2009 at 10:11 am
While MikeJ has a good point about the number of scams and high risk, that shouldn’t deter you from learning about Forex, which is an excellent market if you’re careful about your choices. Not every broker trades against you, and you don’t need a $2M direct account with a bank to profit. You just need to do your research on brokers before choosing one.
Also, the majority of casual Forex investors tend to lose out either because they do sign up to a scam, or because they pour money into a live account while they’re still trying to learn (or when they think they have more experience than they actually do).
Learn from a good Forex info site like BabyPips. You’re probably not going to find much written in Tamil, so an online translator is probably your best bet for that.
You can of course always subscribe to a good signal package, such as one with JustPips, and let it help you make your real trades while you learn on the side with a practice account (eg. FXGame with Oanda).
December 18th, 2009 at 11:10 am
There are many ways to trade forex. You can of course do it the old fashioned way, strictly by hand, entering and exiting trade manually. I suppose there are some people doing that, and I suppose there are some people that are doing that successfully, but, to my mind that kinda defeats one of the advantages of forex trading.
December 18th, 2009 at 12:04 pm
hi there !!
I see that you are very much interested in learning Forex Trading….!! But as far I know I dunno if any website offers training in Tamil. But yes there is a website where you can practically learn to trade forex… its gnutrade. If you are interested you can check it out. Its specially designed for people who are beginners. Newbies benefit a lot from this trading platform
December 18th, 2009 at 12:29 pm
If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.
Marketiva gives you 5$ real to start trading so you don’t have to deposit and if you made profit from it you can cash out, this is why it’s very good for beginners. Their platform is very easy to use and they have support during trading hours.
To open your account please visit http://www.marketiva.com/index.ncre?gid=…
December 18th, 2009 at 12:39 pm
for online trading u must contact the compy which provide online tradin like india infoline..angel , indiabulls, coz their u can learn with software. you can add abhi83535 my id if u wish to learn more
December 18th, 2009 at 1:14 pm
Just open an Online Trading Account to get started.