Ask Your Forex Question Here

[jjshah]

hi i am trading forex for a while and doing alright in it. if anyone has any question regarding forex please post here and i will try to help as much as i can.
If you want you can see my trading journal as well under my trading journal title.
cheers

 

[marcus]

yeah i have a question how much are you making ROE?

 

[swagat86]

If im nt wrong forex trading is done on lots ryt??

I mean say if im bullish on $ i buy $1000 and keep it till it rises(positional).
cant i do that???

 

[jjshah]

yeah i have a question how much are you making ROE?

Right now i am making @ 5% each month on my a/c balance.It doesn't sound much but consistency is the key in this market.

 

[jjshah]

If im nt wrong forex trading is done on lots ryt??

I mean say if im bullish on $ i buy $1000 and keep it till it rises(positional).
cant i do that???

yes your are right its done in lots but some brokers allow fraction lots as well. standard lot is $100,000,there is mini lot that's $10,000 and now they are offering micro lot as well that's $1000.
starting with $1000 you can't expect to live on it but yes you can do that.

 

[Prashant]

What is margin requirement? Which brokers in india provide forex?

 

[swagat86]

yes your are right its done in lots but some brokers allow fraction lots as well. standard lot is $100,000,there is mini lot that's $10,000 and now they are offering micro lot as well that's $1000.
starting with $1000 you can't expect to live on it but yes you can do that.

hi jjshah,

thanks for ur reply.

one more question do i have to finish the deal within the expiry. Or i cant keep it likle stocks in cash market?

One more question which brokers allow micro lots?

thanks for ur reply

 

[loosingstreak]

If im nt wrong forex trading is done on lots ryt??

I mean say if im bullish on $ i buy $1000 and keep it till it rises(positional).
cant i do that???

Hello,

You cant be long $ alone , if you are trading long usd - jpy you will be long usd and short jpy.

You can look up the pairs available at any forex brokers site.

Yes you can hold as long as you like.

 

[swagat86]

Hello,

You cant be long $ alone , if you are trading long usd - jpy you will be long usd and short jpy.

You can look up the pairs available at any forex brokers site.

Yes you can hold as long as you like.

thanks loosingstreak

 

[bsrao]

I heard about Forex trading. but Ihave some doubts.
1. Whether RBI permits to remit the amount through Credit Card.
2.Who are the Indian Broking firms offering the facility to trade and their brokerage.
3 The timings of the trade.
4. Is it necessarry to open account abrod.