I would like to discuss with foreign traders.
I am sorry that i am posting so many sites. But these are best for forex news, analysis, basics and other information about forex.
http://livefxmarket.com
http://wise-forex.info
http://learning-the-forex.blogspot.com
http://www.finexo.com/marketReview
I hope these sites helped you also like the way it helped me.
i want to get into forex trading as i have practiced myself however i would like to know as i live in the uk what are the best platforms to use for demo accounts and real accounts i used 1 but it looked like a scam can any1 give me some tips and advice please thankyou
This is a good platform and brokerage to trade with
http://www.fxcm.co.uk/
i want to open a bank account in the uk but im a us citizen. how do i do this
i see so many different ways but what is the easyiest and cost affective. i seen become a ibc
student ,visa’s etc. What is the best. i want to beable to hold accounts in sterling and euros, and us.
also wondering if it would be easyer to just open a forex account with a company. some one let me know.
Why do you want accounts in sterling and euros as well as US? If this is simply for investment purposes it would be far simpler just to open a forex account. Even if you need the currencies for personal expenditure whilst travelling in Europe it will be simpler just to have an American Visa or Maestro debit or credit card. They are widely used across Europe, both in businesses and at ATMs.
http://www.alpari.co.uk/
I know what the company does on a very brief note, such forex trading online using various software etc. But What I wanted to know is, what the hell is a PIP! also what is there jurisdiction limitations so what services can they offer and cant etc.
Also what makes a good online forex trading account etc. I was reading the not receiving re-quotes is good etc.
A pip, depending on the currency is 1cent so when trading Cable (GBP/USD) you place a trade with a profit limit level of x number of pips - 20 pips would be 20 cents and so on.
I use Alpari for the charts on the Metatrader platform they use - which you can download for free. Their spreads are pretty good, but for tax reasons I mostly use IG Index for trading, which is a spread betting platform.
Not sure about the jurisdiction limitations you refer to - without knowing which country you are based in. If you are based in the UK there are none I know of.
What makes a good account is stability of the platform (most FX providers tend to use Metatrader so that isn’t really an issue) and speed of processing orders - you will get some slippage when the market is moving very quickly, the best way to minmise that is by using OTO orders (orders to open) that automatically trigger an order when a price reaches a certain level. Most important of course is the spread - e.g the number of pips the provider charges for entering a trade - which does vary enormously.