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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Online Forex Trading in Sri Lanka

Online Forex Trading in Sri Lanka

+86
Gajaya
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101Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Sat Oct 13, 2012 9:39 pm

yasiru


Senior Equity Analytic
Senior Equity Analytic
In Sri Lanka don't have a Forex trading system, that's why we need to use overseas broker, so don't worry

102Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Sat Oct 13, 2012 11:07 pm

traderathome


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@zenobia wrote:can someone answer the most important question whether it is legal in sri lanka to do forex trading?
not legal .....at all

There are other issues as well....

If you want to burn your hard earned money ...go ahead and try it....after one month you will try depositing to win back the lost money.....and it goes on.

only 5% make the cut .

CSE is much easy than forex....being their done it. so take it from a sincere friend as a britherly advise...dont try etoro/avafx. allthese guys are market makers they trade against you.

for example if you buy eur/usd there should be a seller and in case your broker being a market maker he will be the seller.he can see all your orders.

There are other brokers known to be ecn brokers they do not take the opposit of your trade although this may be the case they are better than MM.

Like i said do not trade forex you will make money on demo ....but when it come to real trading you will loose as demo and real is totally different because there is emotional factor in trading.

TAH

103Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Mon Nov 12, 2012 12:02 pm

manjula28


Stock Trader
Forex trading is a serious business.At least you have to practice for like 2-3 years to become a successful trader.If you have genuine requirement for trading, i can recommend you a mentor who is genuinely help people to success.Refer below site

http://www.learntotradethemarket.com/

104Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Mon Nov 12, 2012 1:46 pm

arrowms


Manager - Equity Analytics
Manager - Equity Analytics
@Roboticfx wrote: I registered with etoro and opened a forex trading account today but I have no idea how do I credit my account. Still I don't have a credit card.
Register at paypal or money broker.then connect Ur credit card to paypal. when your credit Ur etoro account, Paypal and credit card debit and updated in the etoro

@Roboticfx wrote: I also want to know what's the difference between buy orders and sell orders here. They are totally different from stock market orders as via sell orders, a quantity is added to my account as well as buy orders.
Buy - Long position - U ar buying other currency - Buy at higher - when trend goes up
Sell - short position - U ar selling Ur currency - Sell at higher - when trends goes down
{CSE u can earn only at uptrend}

@Roboticfx wrote: What's the meaning of X25, X50 in the frame of putting orders?
Simply the risk u ar taking. take X25, u get low risk and low return ( I prefer X5). When u ar doing small amount u can not get prifit by low risk. if u ar going above 5000USD put X5 and earn profit with few days. 'cos u ar fluctuation among 1000units(approx. Pipes) between your price.when its higher like X400 you ar between 50 units. samll change vanish u from martket.

@Roboticfx wrote: And I also get to know what is the duration of the market which is kept open?

http://www.forexfactory.com/
Go to bottom of this page . live sessions and times updates. do not foget to set your local time setting

@Roboticfx wrote: Why all amount in my account is cancelled in the weekend?
Ask from e toro. U ar dong practice account. they have competions every week. at new competions they reset all.

@Roboticfx wrote: At what time does weekend starts?(sri lankan time)
Recommend to read everything in http://www.babypips.com/school/


@Roboticfx wrote: How can I withdraw my money?(I meant ways)
Simply click redeem on e toro . but u can not withdraw .5USD or so. read their agreement


@Roboticfx wrote: I tried to connect my paypal account with my bank account and also tried to send funds through my bank account to paypal, but I didn't see even one option.If anyone knows how to do this please explain me soon.
U can give credit card or debit card numbers.

** Some one ask whether the forex is legal in Sri lanka. It is prohibited. banks only can do FOREX trade.

I am working with Ducascopy bank which provide MT4 flatform. I do not send money.My i won 500USD from etoro competition at the begining and continue it and shift to Ducascopy.

Warning - Practice at least 10months before start live trading

105Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Sat Nov 17, 2012 10:21 pm

memllok


Stock Trader
homesteader wrote:

There are other brokers known to be ecn brokers they do not take the opposit of your trade although this may be the case they are better than MM.

Like i said do not trade forex you will make money on demo ....but when it come to real trading you will loose as demo and real is totally different because there is emotional factor in trading.

TAH

Are you a follower of traderathome from SonicR system from forexfactory?

106Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Sat Nov 17, 2012 10:59 pm

snandasiri

snandasiri
Manager - Equity Analytics
Manager - Equity Analytics
@arrowms wrote:
@Roboticfx wrote: I registered with etoro and opened a forex trading account today but I have no idea how do I credit my account. Still I don't have a credit card.
Register at paypal or money broker.then connect Ur credit card to paypal. when your credit Ur etoro account, Paypal and credit card debit and updated in the etoro

@Roboticfx wrote: I also want to know what's the difference between buy orders and sell orders here. They are totally different from stock market orders as via sell orders, a quantity is added to my account as well as buy orders.
Buy - Long position - U ar buying other currency - Buy at higher - when trend goes up
Sell - short position - U ar selling Ur currency - Sell at higher - when trends goes down
{CSE u can earn only at uptrend}

@Roboticfx wrote: What's the meaning of X25, X50 in the frame of putting orders?
Simply the risk u ar taking. take X25, u get low risk and low return ( I prefer X5). When u ar doing small amount u can not get prifit by low risk. if u ar going above 5000USD put X5 and earn profit with few days. 'cos u ar fluctuation among 1000units(approx. Pipes) between your price.when its higher like X400 you ar between 50 units. samll change vanish u from martket.

@Roboticfx wrote: And I also get to know what is the duration of the market which is kept open?

http://www.forexfactory.com/
Go to bottom of this page . live sessions and times updates. do not foget to set your local time setting

@Roboticfx wrote: Why all amount in my account is cancelled in the weekend?
Ask from e toro. U ar dong practice account. they have competions every week. at new competions they reset all.

@Roboticfx wrote: At what time does weekend starts?(sri lankan time)
Recommend to read everything in http://www.babypips.com/school/


@Roboticfx wrote: How can I withdraw my money?(I meant ways)
Simply click redeem on e toro . but u can not withdraw .5USD or so. read their agreement


@Roboticfx wrote: I tried to connect my paypal account with my bank account and also tried to send funds through my bank account to paypal, but I didn't see even one option.If anyone knows how to do this please explain me soon.
U can give credit card or debit card numbers.

** Some one ask whether the forex is legal in Sri lanka. It is prohibited. banks only can do FOREX trade.

I am working with Ducascopy bank which provide MT4 flatform. I do not send money.My i won 500USD from etoro competition at the begining and continue it and shift to Ducascopy.

Warning - Practice at least 10months before start live trading

Thanks

107Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Sun Nov 18, 2012 12:10 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@memllok wrote:
homesteader wrote:

There are other brokers known to be ecn brokers they do not take the opposit of your trade although this may be the case they are better than MM.

Like i said do not trade forex you will make money on demo ....but when it come to real trading you will loose as demo and real is totally different because there is emotional factor in trading.

TAH

Are you a follower of traderathome from SonicR system from forexfactory?
no not at all....i am who i am Very Happy

108Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Mon Dec 24, 2012 2:51 pm

JustMy2Pips


Stock Trader
Hi,

Don't think that all Forex traders are loosing. There are people in Sri Lanka who wins, among those 5%.

But the problem is 95% are loosing big time.

A word about FXCM, it's a very good broker. People who doesn't understand how forex market works complains based on misunderstandings.

Don't go with Etoro, I also tried it few years back. It's just a toy.

Some good brokers are,
Oanda
FXCM
Alpari
IBFX

Just my 2 cents...



Last edited by JustMy2Pips on Mon Dec 24, 2012 2:56 pm; edited 1 time in total (Reason for editing : Added more info)

109Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Mon Dec 24, 2012 3:11 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Its illegal to trade forex from srilanka.... Surprised

110Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Mon Dec 24, 2012 3:17 pm

JustMy2Pips


Stock Trader
Shocked
Yeah, Sri Lanka didn't want my dollars, that's why I migrated. Too bad.
Mad

111Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Thu Dec 27, 2012 7:33 pm

kordel


Stock Trader
Anyone here still trades with Zulutrade or any other forex autotrading platform?

112Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Wed Jan 02, 2013 8:40 pm

fxmpower


Stock Analytic
Stock Analytic
@kordel wrote:Anyone here still trades with Zulutrade or any other forex autotrading platform?

hey my friend i am a big zulutrade follower - 18 mounths of followng and counting.
ive tried here andthere other platforms but profit was either too minimal or my accounts bursted into flames in no time.

113Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Thu Jan 03, 2013 7:24 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I've been searching for auto-trading tools like you but found nothing perfect. Without a proper knowledge, it's dangerous to play it(I meant forex trading). However, you can practice through an virtual platform. If you can earn some, you can begin with an small amount but don't be too greedy. Smile

114Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Thu Jan 03, 2013 7:45 pm

fxmpower


Stock Analytic
Stock Analytic
@Roboticfx wrote:I've been searching for auto-trading tools like you but found nothing perfect. Without a proper knowledge, it's dangerous to play it(I meant forex trading). However, you can practice through an virtual platform. If you can earn some, you can begin with an small amount but don't be too greedy. Smile

you have a point, however it will be better to let the others trade for you, if you either do not have the time or the knowledge to perform manual trading. what we ment by saying automatic we ment actually platforms that let you copy the trades of others, not EAs or indicator plugs. thus i get the best of both worlds so to say Very Happy

115Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Thu Jan 03, 2013 8:38 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Do you think it's better to allow someone to control our own funds? So, how do you avoid cheats or similar things coz no knowledge? Shocked

116Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Thu Jan 03, 2013 8:42 pm

sahan8896


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Roboticfx wrote:Do you think it's better to allow someone to control our own funds? So, how do you avoid cheats or similar things coz no knowledge? Shocked
Roboticfx after long time.Where were you?

117Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Thu Jan 03, 2013 9:02 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Hello Sahan, Nice to meet u again even a long time has spent. I'm stuck with work although I visited back. It took a long time than I expected to get my pc repaired as it had down with an electricity leakage. Very Happy

118Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Fri Jan 04, 2013 3:39 pm

fxmpower


Stock Analytic
Stock Analytic
@Roboticfx wrote:Do you think it's better to allow someone to control our own funds? So, how do you avoid cheats or similar things coz no knowledge? Shocked

thats the beauty in zulutrade so to say, you are the manager of your own funds - you decide with what equity and risk you decide to follow each signal's trade and then it is you to decide upon an exit point where it is needed or possible. The system offers account protective tools that you can avoid loosing trades - not all of them of course, but can work for quite a bunch. Cool

119Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Fri Jan 04, 2013 3:45 pm

fxmpower


Stock Analytic
Stock Analytic
@Roboticfx wrote:Do you think it's better to allow someone to control our own funds? So, how do you avoid cheats or similar things coz no knowledge? Shocked

thats the beauty in zulutrade so to say, you are the manager of your own funds - you decide with what equity and risk you decide to follow each signal's trade and then it is you to decide upon an exit point where it is needed or possible. The system offers account protective tools that you can avoid loosing trades - not all of them of course, but can work for quite a bunch. Cool

120Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Fri Jan 04, 2013 4:10 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
You can do anything at your own risk. I put my statement to the welfare of all members coz I have some experience in Forex trading. I entered that, before stock trading.

121Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Mon Jan 07, 2013 5:19 pm

fxmpower


Stock Analytic
Stock Analytic
@kordel wrote:Anybody use autotrading platforms when trading with forex ? Or do you any of you provide signals on such platforms , i'm talking about web based online applications like zulutrade , where you the user can follow for free signal providers and copy their signals live to your account. Any info would be great.

Hello there,
I guess i did not read the beginning of the thread. so, are you asking about recommending singal providers? Very Happy

122Online Forex Trading in Sri Lanka - Page 5 Empty Forex-Auto Trading Fri Jul 05, 2013 9:54 am

yes0


Senior Equity Analytic
Senior Equity Analytic
if you want advise about this pls send a mail to hanoof444@gmail.com

123Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Fri Jul 05, 2013 3:20 pm

fxmpower


Stock Analytic
Stock Analytic
well, why don't you just reply to me here - wold be great to actually have a discussion with the other members here ...

124Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Fri Jul 05, 2013 5:23 pm

yes0


Senior Equity Analytic
Senior Equity Analytic
there are attachments nd indicator

125Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Fri Jul 05, 2013 6:36 pm

fxmpower


Stock Analytic
Stock Analytic
im sorry all i need are the names of the signal providers and I can search them on zulutrade.

126Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Fri Oct 25, 2013 10:01 am

lakshanraj

lakshanraj
Stock Analytic
Stock Analytic
Hi everyone,

I was involved with Stock Trading from 2008 & went out of the market in 2011 due to the downturn. Meantime I found the beauty of forex trading thanks to internet.

After few years of learning & making losses, now I'm making a consistent income from Forex. Smile
I'll be more than happy to answer your questions.

Happy Trading to you Very Happy

127Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Fri Oct 25, 2013 8:39 pm

freebird


Manager - Equity Analytics
Manager - Equity Analytics
@lakshanraj wrote:Hi everyone,

I was involved with Stock Trading from 2008 & went out of the market in 2011 due to the downturn. Meantime I found the beauty of forex trading thanks to internet.

After few years of learning & making losses, now I'm making a consistent income from Forex. Smile
I'll be more than happy to answer your questions.

Happy Trading to you Very Happy
so how can we do i deart. i did it with practice accounts . finally i loss. firstly i won .

128Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Sun Oct 27, 2013 8:41 am

yes0


Senior Equity Analytic
Senior Equity Analytic
thnx traderathome
chat with me hanoof444@gmail.com.

i have to discuss with my strategy...
i found some sri lankans are losing money on forex.

dont use etoro.. etoro is a big cheating site

129Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Sun Oct 27, 2013 1:29 pm

lakshanraj

lakshanraj
Stock Analytic
Stock Analytic
It's very easy to lose money on trading than earning unless u're smarter than the average participants.

You should control your risk with effective money management principles while protecting your capital.

130Online Forex Trading in Sri Lanka - Page 5 Empty Re: Online Forex Trading in Sri Lanka Mon Oct 28, 2013 6:51 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
yes0 has been promoting some illegal forex stuff on another post as promotional activity so had to ban him for couple of days.
Anyone using this site for cheap promotion will also be banned without warning. Pls do use the site for knowledge acquiring and sharing..

TAH u can continue to educate the members on forex since ur style doesn't harm the forum ethics. Dont cross the line though.

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