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

Online Forex Trading in Sri Lanka

+86
Gajaya
Miss-Sangeetha
Charith10
yogi11137
deli
forex4srilanka
ruwan326
nimantha80
TARGET
Neluka Karannagoda
Mubin Mustafa
Sha Jahan
gayanath1983
anton1979ss
sew
greedy007
SHARK aka TAH
gagamini
Jiggysaurus
Light of Hope
Lahiru
Mahawawtta
K.Haputantri
knockknobbler
lakshanraj
yes0
sahan8896
JustMy2Pips
memllok
arrowms
manjula28
traderathome
zenobia
snandasiri
Ashphoenix7
freebird
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90 posters

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126Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Fri Oct 25, 2013 10:01 am

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 6 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 6 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 6 Empty Re: Online Forex Trading in Sri Lanka Sun Oct 27, 2013 1:29 pm

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

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.

131Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Tue Oct 29, 2013 12:04 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

I do not want to talk about Forex Trading...because its not good for the forum. The last thing we need is some legal complication for the EF.

132Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Tue Oct 29, 2013 3:26 pm

knockknobbler


Manager - Equity Analytics
Manager - Equity Analytics

There is a misconception.............., that trading in  foreign currency  is illegal.

If you have earned foreign currency(FC) , through employment, export of goods /services you are permitted to maintain  a FC account  ( by way of NRFC, RFC ,FCBU  account with a commercial bank) and  there is no domestic law to prevent you  using  that money for  FC trading or any other FC transaction.  

What is illegal is the use of Sri Lankan Rupees for FC trading.  Not only for FC trading, use of SL rupees for any type of FC transactions, other than the transactions  allowed by Exchange Control Act , is illegal in Sri Lanka.

133Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Tue Oct 29, 2013 3:55 pm

K.Haputantri

K.Haputantri
Co-Admin

knockknobbler wrote:There is a misconception.............., that trading in  foreign currency  is illegal.

If you have earned foreign currency(FC) , through employment, export of goods /services you are permitted to maintain  a FC account  ( by way of NRFC, RFC ,FCBU  account with a commercial bank) and  there is no domestic law to prevent you  using  that money for  FC trading or any other FC transaction.  

What is illegal is the use of Sri Lankan Rupees for FC trading.  Not only for FC trading, use of SL rupees for any type of FC transactions, other than the transactions  allowed by Exchange Control Act , is illegal in Sri Lanka.
No one said its illegal but the fact is that there is no legal basis in Sri Lanka for forex trade. Its a high risk trade even for experienced people. Sure way to loose hard earned foreign exchange.

134Online Forex Trading in Sri Lanka - Page 6 Empty Forex Trading??? what do you know about it? Thu Feb 27, 2014 9:07 am

Mahawawtta


Manager - Equity Analytics
Manager - Equity Analytics

Dear Friends, Is anybody in this forum ever tried Forex trading? If so appreciate if you could share your experience with me.

135Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Fri Mar 07, 2014 3:39 pm

Lahiru


Stock Trader

Hey Friend,

In order to step into the forex market you should have a good knowledge on technicals and it is all about forex. In Sri Lanka there is only a broker who facilitates forex trading. Such a dangerous market since the leverage is around 1:500.
Open a Demo account and try before u get into the market...

136Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Fri Mar 07, 2014 4:45 pm

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics

Prohibited in SL.

137Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Fri Mar 07, 2014 4:49 pm

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Light of Hope wrote:Prohibited in SL.

Maybe prohibited but i'm sure the ARIMA model can be used to predict the forex movement.

138Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Fri Mar 07, 2014 4:58 pm

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics

Jiggysaurus wrote:
Light of Hope wrote:Prohibited in SL.

Maybe prohibited but i'm sure the ARIMA model can be used to predict the forex movement.

Oh yea i forgot that. The model is based on gil mart movement. Normally technical guys take 14 and 50 day in MACD but in here, how the forum stats was taken up in 6 days, we take 7 day and 20 day moving averages. call this indicator 'gima'. Gima movements are very powerful, you see how ARIMA has stated no?

139Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Fri Mar 07, 2014 6:37 pm

Lahiru


Stock Trader

Light of Hope wrote:Prohibited in SL.

Might be prohibited in Sri Lanka.... But there are several international brokers who provide the Forex trading facility and so far I have never come across any constrain in trading currencies...... Wire transfers do the job and what U have to do is trade... and take the profits......  Smile 

140Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Sat Mar 08, 2014 8:50 am

gagamini


Manager - Equity Analytics
Manager - Equity Analytics

You need a through knowledge in technical thing for F. Trading.Since leverage is so high it is so risky . You have to be very very careful . If you loose that is in USD . You have to practice in Demo as well as real cash with a nominal amount . However , this is legally not available here . To my knowledge , sometime back NTB accepted foreign cash if have NRFC or RFC account . There , they manage your currency portfolio on their platform and you are just an investor . i don't know still they are doing it .

141Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Fri Mar 21, 2014 8:28 pm

fxmpower


Stock Analytic
Stock Analytic

I can tell you , I know nothing but I have made tons of good returns from the forex markets! Totally worth is when it comes to copy the zulutrade traders and use the protective tools the platform gives you.

142Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Fri Mar 21, 2014 11:48 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

fxmpower wrote:I can tell you , I know nothing but I have made tons of good returns from the forex markets! Totally worth is when it comes to copy the zulutrade traders and use the protective tools the platform gives you.
this guy is trying to skim the retail investors  Rolling Eyes 

143Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Wed Mar 26, 2014 5:54 pm

fxmpower


Stock Analytic
Stock Analytic

SHARK wrote:
fxmpower wrote:I can tell you , I know nothing but I have made tons of good returns from the forex markets! Totally worth is when it comes to copy the zulutrade traders and use the protective tools the platform gives you.
 this guy is trying to skim the retail investors  Rolling Eyes 

Apologies! Not my intention when it comes to that, I was just wanted to give another perspective that I have been using. Nothing more, nothing less.  cyclops 

144Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Wed Mar 26, 2014 7:08 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

fxmpower wrote:
SHARK wrote:
fxmpower wrote:I can tell you , I know nothing but I have made tons of good returns from the forex markets! Totally worth is when it comes to copy the zulutrade traders and use the protective tools the platform gives you.
 this guy is trying to skim the retail investors  Rolling Eyes 

Apologies! Not my intention when it comes to that, I was just wanted to give another perspective that I have been using. Nothing more, nothing less.  cyclops 
 Rolling Eyes 

145Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Wed Mar 26, 2014 8:14 pm

fxmpower


Stock Analytic
Stock Analytic

SHARK wrote:
fxmpower wrote:
SHARK wrote:
fxmpower wrote:I can tell you , I know nothing but I have made tons of good returns from the forex markets! Totally worth is when it comes to copy the zulutrade traders and use the protective tools the platform gives you.
 this guy is trying to skim the retail investors  Rolling Eyes 

Apologies! Not my intention when it comes to that, I was just wanted to give another perspective that I have been using. Nothing more, nothing less.  cyclops 
 Rolling Eyes 

Now you just being mean! I see no problem in expressing a different opinion and experience, after all, i learned thought the experience of others and since we have something good, why not disseminate the news. Zulutrade is a good good trading platform and the traders are quite good, i managed to make lovely returns over the years.

146Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Wed Mar 26, 2014 10:16 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

fxmpower wrote:
SHARK wrote:
fxmpower wrote:
SHARK wrote:
fxmpower wrote:I can tell you , I know nothing but I have made tons of good returns from the forex markets! Totally worth is when it comes to copy the zulutrade traders and use the protective tools the platform gives you.
 this guy is trying to skim the retail investors  Rolling Eyes 

Apologies! Not my intention when it comes to that, I was just wanted to give another perspective that I have been using. Nothing more, nothing less.  cyclops 
 Rolling Eyes 

Now you just being mean! I see no problem in expressing a different opinion and experience, after all, i learned thought the experience of others and since we have something good, why not disseminate the news. Zulutrade is a good good trading platform and the traders are quite good, i managed to make lovely returns over the years.
this is what i call you are a nothing but here to skim innocent srilankans. get into your thick skull you fool forex trading is illegal you moron  Twisted Evil 

147Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Thu Mar 27, 2014 2:40 am

greedy007


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

In the past fxmpower's posts were deleted within 15-20 minutes after posting by him/her. Nowadays nobody moderate the so called freedom forum. May be for traffic counts management let these type of promotional posts.

148Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Thu Mar 27, 2014 7:32 am

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Mr GMNet,
can i know your forum encourages this type of illegal activities ........put this guy in the prison immediately.....
hope to see your reply soonest....

thanks

149Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Thu Mar 27, 2014 7:39 am

SHARK aka TAH

SHARK aka TAH
Expert
Expert

@greedie

you are correct, this post has to be in prison.
lets give couple days to forum mods to sort out this.

i am sure GMNet will not tolerate such posts abd he has only 2 hands to do all sort of things.

150Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Thu Mar 27, 2014 11:33 am

jonny

jonny
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

fxmpower wrote:I can tell you , I know nothing but I have made tons of good returns from the forex markets! Totally worth is when it comes to copy the zulutrade traders and use the protective tools the platform gives you.

Since equity market is not performing in Sri anka properly and prospect-fully ,I do not see any - points promoting FX markets.The worlds largest market.It's an alternative way of earning an income like bonds,Tbills and futures and options like derivatives.So Sri lankans should have the exposure to get in to these markets and do the trading.I hope CSE on the look out to set up these money market instruments soon......

151Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Thu Mar 27, 2014 11:42 am

greedy007


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Forex trading is illegal in Sri Lanka, but majority willing to do and encourage illegal things here. Curse of our society.

152Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Thu Mar 27, 2014 11:51 am

SHARK aka TAH

SHARK aka TAH
Expert
Expert

jonny batta = fxmpower

153Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Thu Mar 27, 2014 11:55 am

jonny

jonny
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

greedy007 wrote:Forex trading is illegal in Sri Lanka, but majority willing to do and encourage illegal things here. Curse of our society.

If FXT is illegal in Sri lanka then how come banks does...?Alss how come it's illegal only in SRI LANKA...??

154Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Thu Mar 27, 2014 11:57 am

jonny

jonny
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

SHARK wrote:jonny batta = fxmpower


 lol! lol! lol! lol! 

155Online Forex Trading in Sri Lanka - Page 6 Empty Re: Online Forex Trading in Sri Lanka Thu Mar 27, 2014 12:05 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Cool   Cool   Cool 

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