@aztoys
yes there are some brokers that accepts paypal for deposit and withdrawal. If not mistaken alpari or ibfx. you could check those out

@shakiraa
good luck finding that answer. every trader builds his own system and trades based on the fundamentals of the world.

oanda is the best withdrawal and deposit is like normal lo ? what details are u looking for ?

I deposited my oanda account through TT .. withdrawal fee is USD25 which is quite standard for most brokers for 1st withdrawal within the month. Our local bank only charge us exchange rate.

Oanda pros and cons
Oanda's instant execution and NO REQUOTES + SUPER LOW SPREAD (Eur/USD at 0.9 pips ) is the strongest point for oanda. However oanda lacks in terms of charting. Highest TF for oanda is only daily. However you could use a mt4 demo to do ur charts.

@rstusa
Nope i've never withdrawn such a big amount. I withdrew only 1k usd that time.. I doubt any1 with that big amount of money in their fx accounts bother chatting here hahah. Withdrawal is okay for oanda so far no problems for me. It took only 2 days for mine. But my amount is small (USD1k) only when i withdrew..

I agree a little with what Adam has to say. Ppl that advertise their EA system and trying to sell the system, if your system works u dont need to sell it as you can earn from it. There's no reason to sell it.

Another part is to those that asks questions please ask useful questions. Not questions like "how to make money?" or "easiest method to buy n sell to make profit".

@jenny03
Oanda is not mt4 based. Its web-based using java. Anyway are you Jenny Teng?

@dannyooi
thats the spirit... learn it urself and if you dont understand ur welcomed to ask.

Agreed

Most important thing i can tell you danny is control your greed and emotions in fx. Dont think of unrealistic amounts of returns (such as 100% return within a day) and you are set to go.

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Added on August 17, 2009, 9:19 pmCorrection!
Well you could earn 100% a day. But at the same time be prepared to lose 100% also cheers. Keep in mind losing is easier than winning

This post has been edited by kelvin_tan: Aug 17 2009, 09:19 PM

me? i aim many pairs.. but in particular i only touch euro usd yen aud

of course negative.. you pay spread to long/short ..

@jenny03
my bad.. mistook you for someone else.. anyway withdrawal the local bank i think charge the exchange rate only.. i dont think they charged anything else..

haha then i'm not sure whats the prob. Your broker may charge commission per trade or mayb ur a victim of slippage or u traded during economic releases..

One thing you should make a habit is to see the spread before even entering.

@sleepwalker
I would like to make a correction on your part. Swap rates for mt4 brokers are calculated by days... on oanda.. its calculted by the seconds.. every second counts for the payment/receiving IR..

u can even start an account with oanda using USD 1.. however logically u wont because the TT fee and all far outstrips your capital

@sleepwalker
care to explain to me why 0.01 lot would cost me USD28 to buy? or are you saying you require a minimum of USD28 to buy 0.01 lot ? Please be precise in your explanation as it is very misleading the way you put it.


And oanda you can even buy 1 unit which is 0.0001 USD per pip.. there is no specific lot sizes in oanda.

@sleepwalker
the word PAYING IS SO MISLEADING LA ! please dont tell me i havent read up on what leverage is. I have been trading for a little more than a year. From what i deceipher from ur chat. Every 0.01 lot that i buy i have to pay USD 28...

this is your exact words
"With a leverage of 1:50, each lot size (1.0 lot) is then divided by 50 which equals to USD2,800. Since you are buying a 0.01 lot size, you are paying USD28 per 0.01 lot."

You are seriously misleading others to believe that every 0.01 lot size purchased u need to pay USD28. I am not bashing or anything but read it from a newcomers point of view as there has been quite a number of new faces in the forum recently.

local brokers are illegal

i agree with blueheng.. learn the basics before thinking bout the money otherwise u going to be paying hell a lot of tuition fees to the market

hahaha .. u misunderstood what i meant.. i am saying if u dun learn basics.. u will be paying "tuition fees" also known as ur capital to the market

Yes oanda's leverage is low. But personally to me, the higher the leverage, the easier to MC if u fully utilize the leverage. Even at 1:50 i dun use it to the max. I set my leverage 1:30 only

i never believed in all this fx learning offers and so on. learn by urself is the best cause most of these businesses teach u very basic fx things for huge $$$$$$$$