Forex Journey from $500 real acct...

[niksos]

sushanth,

The forex market is not a regulated one and does not have a central exchange as stocks and futures... The forex trades are over the counter i.e: Prices are matched to the available bid/ask... Always go with a forex company which has a large user base... any small forex broker can loot ur account in a day.. The FX market is a shady one..
i am posting a link which contains the brokers registered in the US and their market capital.. The document is self explanatory http://www.cftc.gov/ucm/groups/public/@financialdataforfcms/documents/file/fcmdata1009.pdf

Hope this helps,
Nik.

 

[vijbala]

Oanda is great tool... no doubt about it.. I am evaluating myself using their Demo account and playing with EURUSD & USDJPY pair... what are your favorite currency pair to play with ?

MT4 platform has lot of indicators and Expert Advisors. Does OANDA has any better tools ? I am using a OANDA demo account, but did not find any supporting indicators. Please clarify.

 

[sushant079]

MT4 platform has lot of indicators and Expert Advisors. Does OANDA has any better tools ? I am using a OANDA demo account, but did not find any supporting indicators. Please clarify.

u know what vijbala....u just told what i was gonna say!
really i feel lil rusty about oanda's platform....
i was thinking to use something else!
so expert advices are most welcomed....please!!!

 

[ag_fx]

MT4 platform has lot of indicators and Expert Advisors. Does OANDA has any better tools ? I am using a OANDA demo account, but did not find any supporting indicators. Please clarify.

u know what vijbala....u just told what i was gonna say!
really i feel lil rusty about oanda's platform....
i was thinking to use something else!
so expert advices are most welcomed....please!!!

You cant compare MT4 with Oanda platform. Oanda's platform is a Java based platform and is seriously weak in charting. Whereas, on the other hand, Mt4 is one of the strongest tool available for automation and charting. As for me, I use free demo accounts to use MT4 charting and Oanda for my online account trading. I have more than 8 MT4 accesses of different brokers, and all of them are FREE! :thumb:

 

[findvikas]

I use free demo accounts to use MT4 charting and Oanda for my online account trading.

Ditto!! I wish I could import the RT data into AmiBroker any way... any way?
Also ... I know that trading USDINR pair is not legal ... but what about EURUSD or USDJPY.. ? are those illegal as well?

 

[ag_fx]

Ditto!! I wish I could import the RT data into AmiBroker any way... any way?
Also ... I know that trading USDINR pair is not legal ... but what about EURUSD or USDJPY.. ? are those illegal as well?

you can trade USDINR futures on MCX and NSE . How do you call it illegal?

 

[findvikas]

I didnt mean future but real forex trading..

 

[sushant079]

I have more than 8 MT4 accesses of different brokers, and all of them are FREE! :thumb:

dude...seriously this virtually/technically/figuratively gave me an hard on!
thats great yaar!
u dont have to worry abt charting anymore!
please elaborate which brokers give..FREE mt4 platform!

 

[ag_fx]

dude...seriously this virtually/technically/figuratively gave me an hard on!
thats great yaar!
u dont have to worry abt charting anymore!
please elaborate which brokers give..FREE mt4 platform!

For starters....FXPRO,FXDD,IB,ODL,Alpari,Forex.com,Fxcm,MBT :thumb:

 

[ag_fx]

I didnt mean future but real forex trading..

I dont know even how is that illegal? What makes you say so?