hamster9.. u got the idea how to transfer from trader account to our local bank account? Guide me Guide me ..Thanks

Surf through the net .. found tat quite a no. of ppl gv credit to oanda They using paypal and bank wired. Anyone using this broker?

You are right about this. They mainly go after newbies by advertising a lot on Bloomberg and so on. But their trading software is terrible. Not mentioning their spreads, which is higher than others.

hello everyone. im new here. i just want to know how much money needed to start FX trading?

ehehehe,so far i haven't take any money out yet from there. But as far as I know, there are charges for such transfer if not mistaken from Marketiva is USD18 (around RM60) and it takes about a month to get it into your local bank account.

yeah i was thinking of using Oanda for my live trading. Ive read at forexfactory, many trader recommend Oanda for newbies.

Well for me, it seems that Oanda looks good because of the low spread, minimum deposit $1 and got good reviews. But the client is java, so kinda heavy to load.

Depends on the broker you choose to trade with.

Oanda and marketiva broker allow a minimum deposit of $1.

Others around $100, $250, $1000 and $2000 but that are for mini account.

Mostly mini account is around $250.

For normal account, around $10k.

This is the review i found... the rating from user.. http://www.goforex.net/results-2005-2006.htm

Well I'm oanda live user. I must say their execution time is fast and responsive. I can change my stop loss, take profit as close as the last price, which is very good to take extra profit or reduce my losses during the market went crazy. I also can do scalping. But their spread can go up to 10 to 15 pips during news. So news trader is advice not to trade at oanda for scalping. and Also do not trade at oanda monday morning & Friday midnight.

Oanda java application is not slow if you are on the high performance PC. I had ran it on my AthlonXP2400+,512MB RAM and my Pentium D 2.66GHz,512MB RAM. However I am not really sure on PCs spec that is below mine.

This post has been edited by billytong: Dec 31 2006, 08:58 AM

so, what is the diff between those brokers?

The major different that i notice are:

1. The spreads for each currency pair is different. Some broker offer low spread which is good.
2. The client for you to trade. Got 2 version, windows installed or browser(mostly java).
3. Each of the broker client is different while others are the same(metatrader). So some client are user friendly, got lots of charting tools and etc while others dont.
4. The brokers, some is honest while others is not. Like for example during news some broker will have bigger spread and slippage.

Correct me if im wrong.

Access to international site is SLOW today. argh, no trading for me till the submarine cable is fixed.

Well, I have stop trading since the cable had broken on Dec 27 2006. Until then with such unstable line, I would rather dont trade at all than losing my money.

same here. The price quote are lagging....

newbie here.... while the cable is been fix, i will use this time to learn hw does forex works... and will trading mayb in coming 2-3months....


so, ne1 can recommend me nice online broker and wats d charges they make to transfer d money bc to RM.... thanks in advance....

NF is kinda fast no laggy

Try NorthFinance.com.

You can register via www.Profitpips.com

Anyway, I think now is a good chance to short e/u at 1.3275 for 1.3200

and short g/u at 1.9720 for 1.9580. Can always long usd/chf for 70 pips up.

Pls bear in mind, this is my observation, if you follow and win good for you, if lose, sendiri tanggung.

Guys where can I get news that affect the currency?

hi all..just back from the holidays. I too am not trading these few days. Luckily I managed to put an exit target before the cable putus. All my open positions are closed Lucky me.

I might be shifting over to NF soon as well.

My gawd. I just finished reading through everyone's posts from page 1 till 33

Some of the things that I (as a total beginner) can initially conclude on first-time starting:

1. Read babypip.com till finish. This is a must.
2. Just go ahead and try out the Marketiva (as many recommended). You won't know until you try it.
3. There is something that luqmanz is hiding

Correct me if I'm wrong, sifus