adnan007

Selling your forex account is against the TOS of almost all the brokers available online and let me warn you that this will not only restrict your trading account if the broker comes to know about such, but you will allow any other person to trade on your identity which can cause severe effects in case of any fraudulent activities or loosing more than what they have as initial deposit.

There are no limitations to invest in forex and you can start with as little as $1 as initial capital. However, the professionals and the masters suggest that a minimum of $1000 is best to start trading in forex and have the maximum chances to earn profits from it. So its up to the trader how much he wants to invest in forex.

The welcoe bonuses offered by the brokers comes with some trading requirements which is needed to be fulfilled before we can finally withdraw the bonus out. This is never easy as the withdrawal conditions are set in a way that is not easy to achieve. Some brokers require a minimum amount of lots to be traded before we can finally withdraw the bonus while the others have first withdrawal fees, which is far more then the bonus amount.

Forex stands for Foreign Exchange. It is a trading market which deals with the trading of currencies in pair. For ex:- EUR/USD, GBP/USD etc... Forex is an 24-hour trading market which is available 24 hours a day and 5 days a week for trading. However, investing in forex market can sometimes be risky as it is an unpredictable market and contains some amount of risk to loose your capital.

My forex broker does offer mobile trading but it is only available for either windows or android mobile phones and I dont have both. That is the only reason why I am restricted to trading through my online Metatrader only. However, to track prices, I do have GPRS on my mibile set to keep me updated with the price movements.

Well, forex is an unpredictable market and there is never a chance to earn profits on regular basis. So taking forex as a full time job can be risky as there will be times when you will be in a loss rather than in profits in several times and taking forex as the only income source can be dangerous.

Instant cashout test done and working: Date: 10/01/2012 22:53 Batch: 112673526 From Account: U4415005 Amount: $10.00 Memo: cashout for ________

Instant cashout test done and working: Date: 09/25/2012 02:58 Batch: 111732482 From Account: U4415005 Amount: $0.50 Memo: cashout for ________

Instant cashout test done and working: Date: 09/16/2012 05:10 Batch: 110547363 From Account: U4415005 Amount: $2.00 Memo: cashout for ________

Instant cashout test done and working: Date: 2012-09-08 05:56 Batch: 109590134 From Account: U4415005 Amount: $5.00 Memo: cashout for ________

Hey guys, guess what, I am back on DMT after a long time. My exams are over and now I can completely focus on posting here at DMT as it the most entertaining and fun place for earning over the net. Moreover, I am quite impressed that they are still paying their members without any problems as normally other forums do. Just amazing..

Whenver I try to open MEF, I receive a problem loading page error on my browser. I dont know what is the problem. I tried using a friends pc to open the site and it did opened smoothly. Does anyone know how can I open MEF or what is the reason behind this problem? Is my IP banned or something...

Scalping is a term used by the traders who use small time frame charts such as 1 minute, 5 minute charts to take their positions. Such traders keep their trades open for a small amount of time and closes it at the soonest time. Scalping is surely beneficial but many forex brokers do not allow scalping these days.

Everyone should have a trading plans in order to be a successful trader. I myself follow a few rules to keep my trading to a standard level. My plan is to have a strict money management policy and with taking a position for not more than 3-4 days. I also keep fixed SL and TP to keep my trades safe from big losses which I can not afford.

It is hard to calculate a winning probability but my winning probability would be approx. 80% as I loose out on very few trades. However, I keep my SL a bit big in case of reversals or false moves which does mean that in case I come across a SL situation, I do loose out some big amounts but the good thing is that the looses are not more then the profits I earn.

As I said in my previous posts, we can get losses greater than our account balances in the case of keeping your position open during weekdays. I recently faced a similar situation while trading with DEMO account where my position ended up with -$200 balance due to opening gap of my trading pair after weekdays.

Well my secret to successful trading is simple. I am usually a trend follower but only when he technical and fundamental indicators are not against me. For my trades to stay safe, I also place a tight SL which helps me to avoid greater losses in case of trend reversals or massive news effects.

A few pairs such as USD/JPY do move slowly. As far as my knowledge, these pairs are hugely dependent upon each other currencies and thus moves slowly. However, in the volatile markets when a news is about to be released, such pairs do move a bit faster as the effect of the news.

I do have an open trade almost every time but I don't give much time looking at my trades. My strategy is simple, I study the charts and fundamental conditions and take a position as per it with a tight TP or SL. My position automatically closes when either of them are hit and my broker notifies me about it through SMS. I use the same strategy again and again to trade in forex.

You are right @hardworks. I myself used to commit this mistake of over trading and ended up loosing my funds. Money management is the most important part of trading and should be managed perfectly as per your benefit. A good money managing strategy avoids such blunders and keeps your account safe from complete broke outs.

Well I have used small capitals such as $1 to as huge as $1000 for trading in forex. Having small capital restricts our trading capabilities and while having a large capital, it does give us an advantage but still has a risk of loosing huge money. Traders should place an sl and tp to avoid greater losses or losses which a trader can not afford.

Your strategy seems to be used by many professional traders now a days but still have risks as in case of a Stop loss hit, you suffer twice the loss as you would have with a single position. Moreover, having a fixed SL is more secure than having a temporary SL as it can also help you loose for more than expected.

For me, forex is not a gambling as in gambling we have even percentage of chances for winning which is normally 50-50% but in Forex, a trader who has already gained all the trading skills and knowledge finds themselves having better percentage of chance of winning in forex. I myself win 80% of my trades approx. which I could not have which gambling which is based on pure luck rather than skill.

I dont have any daily targets but I do look to earn consistent profits from forex, which is the key to success in this market. Moreover, I also believe that there are not only good days but also bad days in forex, we restrict us to earn our daily target of pips and hence getting us frustrated in the end. It better to trade without any targets in mind.

I do agree with you that emotions do always restrict the traders to have the maximum profits out of a position and it is the one thing which should be avoided while trading. One easy way to do it is simply having a fixed Take Profit and Stop losses in our trades and keep our positions open until our trades hit any one of these.