LMFX - lmfx.com

[pandabox]

Do you have a formation of charging money or 2% receiving fixed fee?

[jamante]

the fee for local ATMs are fixed, i think there is a 1.8% fee for any cash withdrawal from skrill, im not sure, but i dont mind really. still looking into other options if there are any. 

[pandabox]

I also have heard some good reviews about neteller but it is not available for my region so i prefer skrill for smooth transactions. I noticed this broker have many other payment methods too.

 

Sounds strange because Neteller just bought Skrill and it should help Neller enter currenly restricted countries.

[bigxy]

Sounds strange because Neteller just bought Skrill and it should help Neller enter currenly restricted countries.

 

I guess may be it would take some time if they have bought skrill or may be skrill should restrict those users too which neteller is not accepting.

[jamante]

i read somewhere but i still have to confirm this but skrill and neteller are owned by the same company, then most probably it has the same conditions right? 

[pandabox]

Maybe the mother and the son have separately policies so many countries and their banks do not accept Neteller. 

[bearhugs]

As a newie, i am looking for a new broker for my account. There are so many brokers in market but choosing one very difficult for me. So what i want to know about this broker is, how the trade execution works, also want to know Payment processor system of the broker. Any help, thanks

[jamante]

i can suggest for newbie the school of babypips, its a good place to start just google it.. from there it will unfold to you as long as you finish the course, for brokers, i always suggest to take the top 5 pics then simply check for feedback, review sites, and basic demo testing, of even live testing with min deposits. yeah lmfx has a good start and i have been trading them for a couple of months now, still do your part as atrader and study further. 

[pandabox]

As a newie, i am looking for a new broker for my account. There are so many brokers in market but choosing one very difficult for me. So what i want to know about this broker is, how the trade execution works, also want to know Payment processor system of the broker. Any help, thanks

 

Regarding payment, I have withdrawn 1 time and the broker process your withdrawal within 1 day. Prompt and reliable.

[jamante]

nice to hear that! thanks for sharing, yeah i have not encountered any trouble withdrawing anyway! 

[bigxy]

Agreed ! the withdrawals from this broker are usually processed without any hassles and the other services are also good so far.

[pandabox]

I also have heard some good reviews about neteller but it is not available for my region so i prefer skrill for smooth transactions. I noticed this broker have many other payment methods too.

 

Can you share me the reviews you read, actually I tried it by myself and the exchange rate was very low while the withdrawal fee is really high.

[jamante]

for countries in south east asia, its a given we will always have lower exchange rates all thanks to them aligator banks, i lose 3-5 usd for every exchange i do through skrill and just had to live with it for years. 

[pandabox]

for countries in south east asia, its a given we will always have lower exchange rates all thanks to them aligator banks, i lose 3-5 usd for every exchange i do through skrill and just had to live with it for years. 

 

Indeed, I think it's Asian currencies are weaker than majors (from Eu and NA).

[bigxy]

Indeed, I think it's Asian currencies are weaker than majors (from Eu and NA).

 

That's may be the reason why many traders prefer trading major currency pairs for they bring significant profits rather than the weak currency pairs.

[jamante]

yeah hey if you are into profit one should try metal trading, gold etc, its really good, i mean it jumped almost 400 usd since january, its a good market to invest in. 

[bigxy]

Gold and oil trading is good however they are bearish most of the time however i think we can still make money by shorting them.

[pandabox]

Actually it's true in one part and still there are many reasons behind choosing a pair. 

 

Defenition Majors:

These currency pairs are considered by many to drive the global forex market and are the most heavily traded. Although it is widely regarded that the major pairs consist of only four pairs, some believe that the USD/CAD and USD/AUD pairs should also be regarded as majors. However, these two pairs can be found in the group of pairs known as the "commodity pairs".
 

But I truly think this is the main reason for us to trade majors:

Now as traders of the Forex Market we should understand the importance of Fundamental Analysis, this is keeping an eye on the Global Economic News that affects the currencies we are trading. As such the Major Forex Pairs tend to be the ‘easier’ to trade in this sense, as the information and news is a lot more readily available due to the popularity and strength of these currencies.

[bigxy]

Thanks for sharing it however i better suggest sticking to trade major currency pairs as they are less risky than other exotic pairs and i have noticed that lmfx is offering sufficient currency pairs to trade beside other trading commodities.

[pandabox]

Yes, it's reason we have majors Most trader focus to it so it's majors. 

[jamante]

yes well majors, sinec they are the majorly traded pairs, meaning they are the pairs that has most info available about them, the more we know the better and the higher the chances in success to predict them.. 

[pandabox]

Actually to me there are only a few pairs are major and of course they are USD involved. To me, E/U and G/U are my favourites.

[bigxy]

My favorite currency pair is EURUSD which is mostly liquid and carry a very low spread amount as compared to others.

[jamante]

most majors are favorites since most signals are usually arround them, i like venturing at times through some jpy and aud pairs, they are good and convenient for my time. since most action are arround the tokyo and cidny  

[pandabox]

My favorite currency pair is EURUSD which is mostly liquid and carry a very low spread amount as compared to others.

 

Yes, actually, however, it's not easy to get large pip difference with majors except big news.