Forex Trading for 4 Years, Fx-Tiger (Ask Anything about Forex)

[Fx-Tiger]

Hello All,

I m Raj .... I started for Trading at 2006.

My Uncles (Twin) are professional traders for 20 years in Forex and Indian Market..I see them and studied with them and now trading on my own with my foreign clients....

I just saw this forum while browsing about Indian Brokerage Firm for my NSE Trading..

Ask any Questions about Forex Related (Indicators, Strategy, EA or Anything)

I would happy to help.....

 

[suresh9928]

Let me know how to trade in forex..? what similarity or differances in share market & forex market.? i am totally new for forex but expert in share..

 

[Fx-Tiger]

This is my differences i think about between Shares and Forex.

1. Forex Trading Can be Done 24 Hours for 5 Days of the week. A Lot can be opened till you have enough marginal balance.

2. Leverage is powerfull. You can trade 500 times more with deposited money , 1:500 , Means if you deposit 100$ , you can buy currency worth of 100$ X 500 = 50,000$ and Hold it 24 hours till you get profit or yout Target.

3. Forex is very fast moving and have a great volatility, It depends on Technical Analysis 90% the time.

4. No need for Demat Accounts or Having any accounts in National Bank. You can deposit money by PaypalCheck,Money transfer, CC or even Western Union.

5. Withdrawal is very easy.

I think this is what you want to know. If you want to know more contact me on [email protected]

I m available 15 hours a day. i m full time forex trader.

 

[Sunny1]

Hi Raj ,

Do you know any aggressive strategy for making 100 to 160 pips a day with one lot

 

[Fx-Tiger]

Hello Sunny,

Nice to meet you.

I m not a Aggresive Kind of Trading Guy, But in my life i tried every known strategies and indicators...

Yes You can make 100-200 pips per day with Aggressive Style. The Problem is It can also make you loss 100 pips when you trade agressively.

I Think 1 lot you mean is that 1$ per pip..So i take it my mind that you want 100$ per day. The Goal is good , But if you have atleast 50,000$ , You can try with 5$ per lot (Which 90% is use) And loom for 20 pips per day which can be attainable very easy.

The Next Step maybe Try with 2$ per pip and aim 50 pips per day.

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The Reason i m telling above is that attaining more than 100 pips per day makes you psychologically weak in trading and makes you tired of trading when you see a trade which goes opposite

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As per your Question.

There is aggresive strategy to get 10 pips per trade by scalping, but you want to do 10-20 trades to get 100 pips profit, It also contains loss trade with small SL.

But I suggest go for longer time frame --> 1hr,4hr and Day. The Longer timeframe shows you the stronger trend.

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Patience, Discipline and Passion makes you the Top Forex Trader. Good Luck. :thumb:

 

[Sunny1]

HI Raj , Thanks for replying very lucidly. ( your PM is OFF )

My plan is to win forex demo contest of instaforex and then shift to lazy boy system by Edward for safe journey.

To win competition I need an aggressive strategy.
I know that psycho thing in trader. I only that strategy to win that contest and rest will lazy boy way. no risky trade in real account


Sunny...

 

[Fx-Tiger]

HI Raj , Thanks for replying very lucidly. ( your PM is OFF )

My plan is to win forex demo contest of instaforex and then shift to lazy boy system by Edward for safe journey.

To win competition I need an aggressive strategy.
I know that psycho thing in trader. I only that strategy to win that contest and rest will lazy boy way. no risky trade in real account


Sunny...

Hello Sunny,

Ok. that Seems good. I will find any good Aggresive Strategy or any Manual system This Week and Will tell you As soon as pssoible.

No Idea About PM. I will check it now.

You can email me on [email protected]

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I know the Instaforex Contest, But They are termed as Scam.

And My Friend told They are having problems with Withdrawal and They dont supply withdrawals for DEMO contest Winners.

 

[Sunny1]

Hello Sunny,

Ok. that Seems good. I will find any good Aggresive Strategy or any Manual system This Week and Will tell you As soon as pssoible.

No Idea About PM. I will check it now.

You can email me on [email protected]

---------------

I know the Instaforex Contest, But They are termed as Scam.

And My Friend told They are having problems with Withdrawal and They dont supply withdrawals for DEMO contest Winners.

"They dont supply withdrawals for DEMO contest Winners" means ??
I know that winning amount cannot be withdraw only profit made over that amount can be withdraw. About scam I dont know that but giving it a try will make me a bit better at forex. so nothing loose.

Added you on my yahoo contacts

 

[Fx-Tiger]

Hello,

Yes I know we cant withdraw the Ammount we won. Only the Profits we make. Yes thats what they have some problems. They dont allow to Withdraw Profits.

Then They have lot of Problems with many clients. Infact one of my client's Friend cant withdraw what he Deposited with them, they are stated as SCAM by popular Review Team.

More Details on :
http://www.forexpeacearmy.com/public/review/www.instaforex.com

 

[Sunny1]

Hello,

Yes I know we cant withdraw the Ammount we won. Only the Profits we make. Yes thats what they have some problems. They dont allow to Withdraw Profits.

Then They have lot of Problems with many clients. Infact one of my client's Friend cant withdraw what he Deposited with them, they are stated as SCAM by popular Review Team.

More Details on :
http://www.forexpeacearmy.com/public/review/www.instaforex.com

Thank for alerting. I didnt knew that