Page 1 of 3 123 LastLast
Results 1 to 20 of 49

Thread: Starting with forex

      
  1. #1
    My Pip Hand Is Weak
    Join Date
    Feb 2012
    Posts
    10
    Rep Power
    0

    Default Starting with forex

    I want to start trading with forex but i do not want to do it manually , i heard there are many platforms available online that offers the ability to follow other pro traders and copy their trades automatically to your account. What do you know about this?
    Thanks TopTrader, DickP, Mike thanked for this post

  2. #2
    I Breathe Pips
    Join Date
    Sep 2011
    Posts
    812
    Rep Power
    0

    Default Re: Starting with forex

    I am not familiar with any copy trader. If you do not want manual trading then automated trading would be good choice for you.

  3. #3
    I Breathe Pips Jones's Avatar
    Join Date
    Jan 2009
    Location
    Manchester
    Posts
    891
    Rep Power
    0

    Default Re: Starting with forex

    If you want to trade, learn to trade, if you want others to trade for you its a whole other story
    Dislikes DickP disliked this post

  4. #4
    Pips Are My Game
    Join Date
    Oct 2011
    Posts
    223
    Rep Power
    14

    Default Re: Starting with forex

    I guess another option is pamm accounts, invest and wait for you profit monthly but its still depends on the broker and account manager

  5. #5
    Hindsight Hero! DickP's Avatar
    Join Date
    Nov 2007
    Location
    United States
    Posts
    4,019
    Rep Power
    38

    Default Re: Starting with forex

    Quote Originally Posted by noynoy View Post
    I guess another option is pamm accounts, invest and wait for you profit monthly but its still depends on the broker and account manager
    And thats a big depends...

    Name:  depend1.jpg
Views: 183
Size:  8.2 KB



    "I came to make pips and chew bubble gum...damn, I'm all out of gum..."
    -DickP, 2011

  6. #6
    Show Me The Money!
    Join Date
    Jan 2012
    Age
    45
    Posts
    64
    Rep Power
    12

    Default Re: Starting with forex

    If you want to start following and copying trades from other professional traders then i strongly suggest for you to look up zulutrade , their service is exactly as i describe and its free. If you are interested you could open a demo account with them and start trading with virtual money for a start. Its very easy.

  7. #7
    Hindsight Hero! DickP's Avatar
    Join Date
    Nov 2007
    Location
    United States
    Posts
    4,019
    Rep Power
    38

    Default Re: Starting with forex

    Quote Originally Posted by Kamal78 View Post
    If you want to start following and copying trades from other professional traders then i strongly suggest for you to look up zulutrade , their service is exactly as i describe and its free. If you are interested you could open a demo account with them and start trading with virtual money for a start. Its very easy.
    Yea even though thats alot of work within itself to find out which signal providers are the "right" ones.

    Forex takes work, due diligence and study no matter what way you approach it. Just my humble opinion.



    "I came to make pips and chew bubble gum...damn, I'm all out of gum..."
    -DickP, 2011

  8. #8
    My Pip Hand Is Weak
    Join Date
    Feb 2012
    Posts
    10
    Rep Power
    0

    Default Re: Starting with forex

    This zulutrade service is looking interesting indeed. I will have a look there. Have anyone else tried their service?

  9. #9
    Pips Are My Game
    Join Date
    Oct 2011
    Posts
    223
    Rep Power
    14

    Default Re: Starting with forex

    after my first post here, it made me think really, its like something that did not let me sleep at night LOL! but yeah I looked in too pamm account, which I know almost nothing about, and asked some friend and we decided to make a joint account under hotforex (I not saying you should do to) but come to think of it a 2-10% profit each month is not bad for a long run and we made a joint account to see how it goes more like an experiment. ang best of luck to all of us though i don't like the idea of joint account but since its under my name so its all good hahah but seriously I really think pamm accounts can be a good investment if everything goes good.. will look in to zulu pamm if it shows good number I might also try it

  10. #10
    My Pip Hand Is Weak
    Join Date
    Feb 2012
    Posts
    10
    Rep Power
    0

    Default Re: Starting with forex

    Quote Originally Posted by noynoy View Post
    after my first post here, it made me think really, its like something that did not let me sleep at night LOL! but yeah I looked in too pamm account, which I know almost nothing about, and asked some friend and we decided to make a joint account under hotforex (I not saying you should do to) but come to think of it a 2-10% profit each month is not bad for a long run and we made a joint account to see how it goes more like an experiment. ang best of luck to all of us though i don't like the idea of joint account but since its under my name so its all good hahah but seriously I really think pamm accounts can be a good investment if everything goes good.. will look in to zulu pamm if it shows good number I might also try it
    Do these pamm accounts offer stats about the traders that do the trading for your account? Zulutrade offers a very deep history analysis and many statistics for every provider as i see in the demo account.

  11. #11
    Pips Are My Game
    Join Date
    Oct 2011
    Posts
    223
    Rep Power
    14

    Default Re: Starting with forex

    Quote Originally Posted by noynoy View Post
    after my first post here, it made me think really, its like something that did not let me sleep at night LOL! but yeah I looked in too pamm account, which I know almost nothing about, and asked some friend and we decided to make a joint account under hotforex (I not saying you should do to) but come to think of it a 2-10% profit each month is not bad for a long run and we made a joint account to see how it goes more like an experiment. ang best of luck to all of us though i don't like the idea of joint account but since its under my name so its all good hahah but seriously I really think pamm accounts can be a good investment if everything goes good.. will look in to zulu pamm if it shows good number I might also try it
    am you can take a look at this i hope it can answer your question, but keep in mind what might work for me might not work for you I just like how stable the account is since september I think you can check it out

    http://pamm.hotforex.com/managerdeta...267&usermode=0

    There other accounts that are like a soure eye to look at, i hope things work well

  12. #12
    My Pip Hand Is Weak
    Join Date
    Feb 2012
    Posts
    10
    Rep Power
    0

    Default Re: Starting with forex

    Quote Originally Posted by noynoy View Post
    am you can take a look at this i hope it can answer your question, but keep in mind what might work for me might not work for you I just like how stable the account is since september I think you can check it out

    http://pamm.hotforex.com/managerdeta...267&usermode=0

    There other accounts that are like a soure eye to look at, i hope things work well
    What are the fees that you pay for this kind of service? Is this hostforex a site that holds strategy providers?

  13. #13
    Pips Are My Game
    Join Date
    Oct 2011
    Posts
    223
    Rep Power
    14

    Default Re: Starting with forex

    the fees are a percentage of the profit, I do not know much about pamm accounts, and the fees depends on the pamm account manager but I do keep my live account and trade it while the pamm is like for a long term investment! the stats are ok and they seem to have a good risk management

  14. #14
    Show Me The Money!
    Join Date
    Jan 2012
    Age
    45
    Posts
    64
    Rep Power
    12

    Default Re: Starting with forex

    Quote Originally Posted by DickP View Post
    Yea even though thats alot of work within itself to find out which signal providers are the "right" ones.

    Forex takes work, due diligence and study no matter what way you approach it. Just my humble opinion.
    You are right , it takes some time to figure out which providers will make profit for you , some users hammer zulu for hosting bad providers , there are thousands of them in zulu , they just cant be all bad.

  15. #15
    Show Me The Money! taohai's Avatar
    Join Date
    Oct 2011
    Posts
    95
    Rep Power
    13

    Default Re: Starting with forex

    It's an interesting topic, and I' considering this before.
    actually we are learning how to make our own trading system well, however, there is no tool out there working well for all the currency pair at different time. manual intervention and adjustments constantly needed to adpat the situation.

    I know some about PAMM account too. this is designed for those who have not enough time and skills and willing to trust experienced traders to manage the fund. normally you can safely get a steady return. in this way, your investment will grow and avoid the high risk by your own trading.

  16. #16
    Pips Are My Game
    Join Date
    Sep 2011
    Posts
    127
    Rep Power
    13

    Default Re: Starting with forex

    Quote Originally Posted by fischer View Post
    I want to start trading with forex but i do not want to do it manually , i heard there are many platforms available online that offers the ability to follow other pro traders and copy their trades automatically to your account. What do you know about this?
    well I'd advise you to check out zulutrade ..there are lots of profitable signals you can follow.

  17. #17
    My Pip Hand Is Weak
    Join Date
    Mar 2012
    Posts
    28
    Rep Power
    0

    Default Re: Starting with forex

    hi yes there is but u should begain with demo account to learn more thenu can join FXVV- NO DEPOSIT BONUS $40 for all new traders

  18. #18
    Show Me The Money! taohai's Avatar
    Join Date
    Oct 2011
    Posts
    95
    Rep Power
    13

    Default Re: Starting with forex

    basically if you want to save your time, entrust somebody else to manage your fund is really not a bad idea.
    One of my good friend told that he had lost almost 8,000 dollars just following signals by others.

  19. #19
    Show Me The Money!
    Join Date
    Jan 2012
    Age
    45
    Posts
    64
    Rep Power
    12

    Default Re: Starting with forex

    Quote Originally Posted by taohai View Post
    basically if you want to save your time, entrust somebody else to manage your fund is really not a bad idea.
    One of my good friend told that he had lost almost 8,000 dollars just following signals by others.
    Your friend was risking too much if he had lost such a big amount. Where did he followed his signals?

  20. #20
    Pips Are My Game
    Join Date
    Sep 2011
    Posts
    157
    Rep Power
    13

    Default Re: Starting with forex

    For sure smwhere else than zulutrade..

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •