Currency Trading (FOREX)

TechniMental · **on:** September 10, 2013, 02:20:00 PM

Since no one has started a thread about forex trading, I would like to step up and inform every member of this online community the basics of the foreign exchange market.

What is the Foreign Exchange Market?

Referred to as “Forex”, “FX”, “Spot FX”, “Spot”
Over-the-Counter Market
Buying and Selling of Foreign Currencies Exist
Largest Financial Market in the World
Closest Market to the Ideal Perfect Competition
Highly Volatile and Liquid: Almost $4 Trillion Daily Volume
Prices Change: 20 Times/Minute or Up to 18,000 Times/Day

Comparing the forex market to the famous stock market:

My Board · « **on:** September 10, 2013, 02:20:00 PM »

Bolgas · **Reply #1 on:** September 11, 2013, 02:08:08 AM

sir, ano pong mas risky forex trading or stock trading? parang mahirap yata ang forex sabi nila para ka daw nagsusugal.

Quote from: TechniMental on September 10, 2013, 02:20:00 PM

Since no one has started a thread about forex trading, I would like to step up and inform every member of this online community the basics of the foreign exchange market.

What is the Foreign Exchange Market?
Referred to as “Forex”, “FX”, “Spot FX”, “Spot”
Over-the-Counter Market
Buying and Selling of Foreign Currencies Exist
Largest Financial Market in the World
Closest Market to the Ideal Perfect Competition
Highly Volatile and Liquid: Almost $4 Trillion Daily Volume
Prices Change: 20 Times/Minute or Up to 18,000 Times/Day

Comparing the forex market to the famous stock market:

TechniMental · **Reply #2 on:** September 11, 2013, 11:44:36 AM

Sir, I believe na kapag hindi mo alam ang ginagawa mo, mapa-forex man or stocks, it is the same thing as gambling. Regarding sa comparison ng risks, I have to agree na mas volatile nga sa forex. As I have stated sa first post ko, "Prices Change: 20 Times/Minute or Up to 18,000 Times/Day.”

But then again, “In today’s rapidly changing world, the people who are not taking risk are the risk takers.” -Robert Kiyosaki

I am still involved in stocks, pero more on investing, not trading (there is a difference). There are a couple of reasons that I have posted in my blog on why I made the switch. You can check it out if you want: http://forexfilipino.blogspot.com/

My Board · « **Reply #2 on:** September 11, 2013, 11:44:36 AM »

Bolgas · **Reply #3 on:** September 12, 2013, 02:16:33 AM

Ok! thanks po sa info' ano po ba ang iniinvest ninyong company. long term po ba or short! yayaman ba tayo dito hehehe?

ok I will check out po yung blog site.

TechniMental · **Reply #4 on:** September 12, 2013, 10:36:38 AM

No problem sir. What do you mean iniinvest kong company? If you are talking about stocks, meron akong apat na companies na hawak. Sa stocks po long term ako (investing), and sa forex po short term ako (trading).

I cannot guarantee you anything sir, kasi may risk lagi na involved. But if you are asking is kung possible bang kumita and yumaman, yes, it is very much possible, just like how this man made $1 billion in one day.

Okay sir, let me know what you think and if you have questions just email me or leave a comment.

My Board · « **Reply #4 on:** September 12, 2013, 10:36:38 AM »

Spurt · **Reply #5 on:** September 12, 2013, 10:53:22 AM

there are platform that you can use to trade example, FXCM. Using both technical & fundamental analysis that is usually thought in college.

TechniMental · **Reply #6 on:** September 12, 2013, 06:23:15 PM

Let's play and have fun this Friday the 13th. Join our Happy trading hours and participate in our ONE HOUR DEMO TRADING COMPETITION. Surprise gift awaits the winner.

Bolgas · **Reply #7 on:** September 12, 2013, 09:56:22 PM

opo about stocks' can you name it pls. the companies para magka ideya ako kung anong stocks pwedeng pag investsan.

sir, pag sa forex ba malakihan yata ang puhunan doon' tama po ba?

Quote from: TechniMental on September 12, 2013, 10:36:38 AM

No problem sir. What do you mean iniinvest kong company? If you are talking about stocks, meron akong apat na companies na hawak. Sa stocks po long term ako (investing), and sa forex po short term ako (trading).

I cannot guarantee you anything sir, kasi may risk lagi na involved. But if you are asking is kung possible bang kumita and yumaman, yes, it is very much possible, just like how this man made $1 billion in one day.

Okay sir, let me know what you think and if you have questions just email me or leave a comment.

TechniMental · **Reply #8 on:** September 12, 2013, 10:03:20 PM

Sir sorry pero medyo private po ako sa investments ko. I'll give you one though: PGOLD.

Nope, karamihan po talaga nakikita forex as kailangan malaki investment dahil dati for big players lang siya. Ngayon pwede na mga individual traders like us. Sa broker ko po ang minimum deposit is $250 only.

Bolgas · **Reply #9 on:** September 13, 2013, 02:40:11 AM

ok po salamat po sa tip' mabuhay po kayo

Quote from: TechniMental on September 12, 2013, 10:03:20 PM

Sir sorry pero medyo private po ako sa investments ko. I'll give you one though: PGOLD.

Nope, karamihan po talaga nakikita forex as kailangan malaki investment dahil dati for big players lang siya. Ngayon pwede na mga individual traders like us. Sa broker ko po ang minimum deposit is $250 only.

TechniMental · **Reply #10 on:** September 13, 2013, 06:05:52 PM

No problemo. Feel free to ask me anytime sir. Hehe

You can open a free demo account if you want: http://metisetrade.com/sa/broker/DAAP

Bolgas · **Reply #11 on:** September 13, 2013, 07:08:27 PM

ok po salamat. sige magtatanong po ako inyo kung meron akong naisip na itanong pagdating sa stocks.

TechniMental · **Reply #12 on:** September 15, 2013, 08:56:25 PM

Catch ANC's On the Money tomorrow at 3:30 PM as MetisEtrade's CEO talks about ...

Just tune in

Bolgas · **Reply #13 on:** September 16, 2013, 04:41:43 AM

thanks po for the information sige po sana mapanood ko.

Quote from: TechniMental on September 15, 2013, 08:56:25 PM

Catch ANC's On the Money tomorrow at 3:30 PM as MetisEtrade's CEO talks about ...

Just tune in

TechniMental · **Reply #14 on:** September 16, 2013, 04:26:00 PM

Tune in later at 630 or 11 PM

My Board · « **Reply #14 on:** September 16, 2013, 04:26:00 PM »