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Any forex/stocks/index traders or spread betters over here!

Discussion in 'Making Money' started by chaser, Dec 23, 2007.

  1. chaser

    chaser Regular Member

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    I am really curious if somebody earns on financial spread betting or intraday forex/indices trading. Unfortunately personally I neved did this because it requires investments from over $10,000 as a minimum. Please share your experience if you successfully earn or tried to earn using these methods. I guess it will be useful to all of us!
     
  2. xXKingdom_SEOXx

    xXKingdom_SEOXx BANNED BANNED

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    I do, I soon will move out of marketing, I own my own forex company.
     
  3. xXKingdom_SEOXx

    xXKingdom_SEOXx BANNED BANNED

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    Yeah. I have been into forex long time. It is very great. I took advantage of it ASAP. now I have my own company. Great for me. You guys should get into it. Wealthy posted a link to download the software from http://www.forex-killer.com. Go grab it, money is to be made.
     
  4. Jacks

    Jacks Newbie

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    The best Forex Course on the market at the moment is Forex Commander at forexcommander.com

    I ordered it as soon as it was released and the guy was not kidding.
    It does cost a fair bit so if you cant afford it, ask him for his beginners book.

    Jack
     
  5. sinewave

    sinewave Senior Member Premium Member

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    I've been trading indices and fx futures for 5 years, regular currencies for 2 years.

    It requires a very disciplined mindset and money management skills. I traded full time for 2 years before I became consistently profitable. And don't let anyone tell you that you won't have losing days, because you will. Losing trades, and sometimes losing days, are all part of the deal.

    If you're a technical trader, it's vitally important to study your charts after the the closes to review the day's trades and keep meticulous statistics on your signals, triggers and entries to gauge their overall percentages.

    All that said, 2 traders can sit side-by-side and trade the same instrument using the same method and still have very different results. There are many factors, and it's important to really know oneself as a trader.

    Best,
    Sine
     
  6. xXKingdom_SEOXx

    xXKingdom_SEOXx BANNED BANNED

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    worldly so are you going to get into it? what is your ideas now.
     
  7. sinewave

    sinewave Senior Member Premium Member

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    As a fairly experienced trader, I would have to disagree with this assertion. Trading requires a great deal of time, study and discipline ... apart from a solid method.

    I don't believe trading is for everyone. I happen to love it, so it's almost recreational but it's not easy.

    Again, if you're not prepared for losing trades--sometimes several in a row, depending upon current market characteristics--you're in for a big surprise. The money management comes into play so you remain profitable even if your method is dipping in terms of win/loss percentage. And it will happen. Like I said, it's not for everyone.

    Best,
    Sine
     
    • Thanks Thanks x 1
  8. xXKingdom_SEOXx

    xXKingdom_SEOXx BANNED BANNED

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    I know this is true because I own my own company, Pardon me for not stressing this though, appreciate your behalf. :), software helps me very much with this. How do you trade? There is some technology that could eliminate the human error factor by the masses. But even after that there is still some work.
     
  9. sinewave

    sinewave Senior Member Premium Member

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    I own my own company as well, which owns my trading accounts. So what?

    Are you telling me you're a brokerage? or a licensed FTA? otherwise, your owning a company is irrelevant.

    Best,
    Sine
     
  10. xXKingdom_SEOXx

    xXKingdom_SEOXx BANNED BANNED

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    I am both on an extent, I say that to challenge my knowledge with yours, not to be flashy in any way.
     
  11. sinewave

    sinewave Senior Member Premium Member

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    Ah ok. which license do you possess? What brokerage do you own?

    Quick edit: you can't be either a brokerage or a licensed FTA "to an extent". You either are or you're not. Of course you don't need either to simply trade, but I'm curious since you asserted your "company" as being proof that you feel comfortable giving the advice you've given.

    Giving financial advice without being licensed in most of the world is illegal ... as I'm sure you're aware.

    Again, I'd be interested in learning about your license(s) and brokerage.

    Best,
    Sine
     
  12. xXKingdom_SEOXx

    xXKingdom_SEOXx BANNED BANNED

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    None you would know about, My "business" is here in the Bahamas, and currently Battling with companies here. I dont think you would know about it. I was introduced to forex from my father, who originally owns my now company.
     
  13. sinewave

    sinewave Senior Member Premium Member

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    So you're an fx brokerage incorporated and located in the Bahamas?

    Oh, and there are no FTA licenses available in the Bahamas since there exist no financial markets there. Yet you claim to be a licensed FTA "to an extent". Where are you licensed? If it's in Asia-Pacific, UK, European Union or the Americas it's a matter of public record. It should be easy enough to post your license class and the country in which you are licensed.

    Best,
    Sine
     
  14. xXKingdom_SEOXx

    xXKingdom_SEOXx BANNED BANNED

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    Yes, that is possible, We dont cater mainly to Americas really . We still run on the same fundementials of the universal forex guides.
     
  15. sinewave

    sinewave Senior Member Premium Member

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    Ok. I'd like to point out that trading does not require licensing or even owning a company, although trading with a corporate account affords many tax advantages to traders located in the US, UK and EU.

    Being a CTA does require a license, and you said you were "to an extent" as well as being a brokerage "to an extent". I'm not aware of anywhere in the world where you can be either "to an extent". Your assertions are very curious.

    There are a few fx brokerages in the Bahamas. Which one do you own?

    Best,
    Sine
     
  16. xXKingdom_SEOXx

    xXKingdom_SEOXx BANNED BANNED

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    I do not know how laws are in the US, UK, EU. And I dont care. My father owns his forex company, which is now mines, here in the Bahamas, Why do you need this information? It is not a big company at all, And i would rather not exsort such information.
     
  17. sinewave

    sinewave Senior Member Premium Member

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    Fair enough. I was curious. You are the one who asserted that your owning a company evidenced your knowledge in trading. I was curious how this could be. Anyone can own a company if they have a few hundred bucks to spend on the business licenses. Of course, anyone can claim to own a company if they can type.

    You're assertion that you are both a brokerage and a licensed CTA "to an extent" is quite curious though.

    If you're a brokerage, you make your profit on the spread, right? so you need traders trading through your brokerage, otherwise, you've no revenue. So there's no harm in asking for the information. Hell, maybe your spreads are better than my current broker and I might want to take a look.

    If you're a CTA, your license is on public record in the country in which you are licensed. That's all there is to that.

    Best,
    Sine
     
  18. xXKingdom_SEOXx

    xXKingdom_SEOXx BANNED BANNED

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    Yes this is right. Go and find the information on my company.
     
  19. xXKingdom_SEOXx

    xXKingdom_SEOXx BANNED BANNED

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    lol worldly, I cant wait.
     
  20. sinewave

    sinewave Senior Member Premium Member

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    I will challenge any one of you to visit either a brokerage site or a licensed CTA site and find them to be so demurring. You won't find one. They don't demure and they'll present their information upfront, which has been scrutinized and prepared by their legal team.

    But somehow Kingdom's brokerage and CTA service hasn't a need to post a CTA license or a brokerage site for review--after insisting his company (still unverified) is the basis of his expertise.

    Only someone who has no experience whatsoever in securities would have the stupid balls to post these claims.

    Sorry,
    Sine