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

Online Forex Trading in Sri Lanka

+86
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41Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Tue Oct 18, 2011 10:28 pm

day_lk


Equity Analytic
Equity Analytic
best card is HND international debit card.open account in moneybookers.com and link debit card to that.try AVAFX as your broker.(www.avafx.com)

open demo acct and practice.
visit learning centre in avafx.com and find answers for your basic queries or you can get online chat 24 hrs.
forex market open mon-fri (dont know times exactly)

42Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Tue Oct 18, 2011 11:57 pm

samueldaniel7


Manager - Equity Analytics
Manager - Equity Analytics
but i think forex trading is illegal, i also wanted to start it,
not sure...
let us know if its legal

http://samueldaniel7.blogspot.com

43Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Oct 19, 2011 12:52 am

rijayasooriya


Senior Vice President - Equity Analytics
Senior Vice President - 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. 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.
What's the meaning of X25, X50 in the frame of putting orders? And I also get to know
what is the duration of the market which is kept open?
Why all amount in my account is cancelled in the weekend?
At what time does weekend starts?(sri lankan time)
How can I withdraw my money?(I meant ways)
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.
If u do not know anything about forex trading better to get some experience with free practice account.Here is a link to get free practice account.(Click the option named 'Get a free forex trading demo'
http://www.fxcm.com/
(There are other sites also.)

44Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Oct 19, 2011 9:09 am

maalinda


Manager - Equity Analytics
Manager - Equity Analytics
DUDE... you sounds like you know Nothing about forex. get a free practice account... almost every forex trader provide practice accounts.

Learn it.. Learn and learn... please before you put your hard earned money.

It is not like CSE... in CSE atleast you keep your shares... in FOREX You can loose all your money in no time.

PAYPAL is a good way. dont know it is availiable in SL. But i know almost all the lankans with e toro.

DUDE Please dont loose... Learn it.

45Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Oct 19, 2011 9:31 am

yosh123


Stock Trader
I have used eToro with a demo account.. I m no expert but I think I can answer some of ur queries.

FOREX is done with currency pairs (e.g EUR/USD). The price is quoted as EUR/USD = 1.378 (for a example). When u place a buy order u are buying EUR against USD @ 1.378. When u place a sell order u are selling EUR against USD @ 1.378 (this is kinda like a short selling in stocks). If u opened a "buy order" and the price starts to rise (lets say to 1.380) u will be gaining. If u open a "sell order" and the prices start falling (lets say to 1.37) u will be gaining. In short if u expect the EUR to rise against the USD open a buy order and if u expect EUR to fall against the USD open a sell order. Also note that the price for the buy order and the sell order wont be the same. There will be a small difference (this is called the spread)

The X20 X50 are leverage ratios. More the ratio the more u can invest with a given capital. Using high leverage gives u high risk and return.

The market is opened 24hours during the weekdays and closes for the weekend. All the trades which are open when the market closes will be automatically canceled.

I have not done money transactions since I have only used a dummy account. But from what I have read the easiest way to do it is via a credit card. U can use PayPal but as fall as I know there are some restrictions for money withdrawal from paypal in sri lanka.

Get some practice using the demo account be4 investing real money. There are many sites to help but I found that www.babypips.com/ to be a really good starting point.

All the best Wink

46Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Oct 19, 2011 9:36 am

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Thanks guys. I try this with a practice account.

47Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Oct 19, 2011 10:16 am

yasiru


Senior Equity Analytic
Senior Equity Analytic
MACHAN UBATH KARAPANKO BALANNA,BALALA MATATH KIYAPAN,K,MAMA NAM LOSS UNA,MAGETH FXCMLAMA THAMAI,K,MAMA 500USD DALA KALE,THANIKARAMA LOSS,K,OYA 1000USD FUND KALOTH OYATA BAYA NATHUWA 250USD WALA TRADE EKAK KARANNA PULUWAN,K,MAMA NAM ADVICE KARANNE FOREX KARANNA EPA MACHAN,K,

48Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Oct 19, 2011 11:20 am

laureina


Stock Analytic
Stock Analytic
hi yasiru.
did u know about any tecnical indicators such as RSI/MACD/Bollinger band.Did u placed buy/sell as per tec. signals.

49Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Oct 19, 2011 11:26 am

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@yasiru wrote:MACHAN UBATH KARAPANKO BALANNA,BALALA MATATH KIYAPAN,K,MAMA NAM LOSS UNA,MAGETH FXCMLAMA THAMAI,K,MAMA 500USD DALA KALE,THANIKARAMA LOSS,K,OYA 1000USD FUND KALOTH OYATA BAYA NATHUWA 250USD WALA TRADE EKAK KARANNA PULUWAN,K,MAMA NAM ADVICE KARANNE FOREX KARANNA EPA MACHAN,K,

I have planned to enter with only 50 USD. Not more than that. My first few trades done in practice account were successful. I got a profit of Rs.256,000 within 2 days.(not real money) I invested only 2000usd of the total balance of 10000usd. I think this is not bad. Anyway, Thanks for your valuable advice.

50Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Oct 19, 2011 10:04 pm

yasiru


Senior Equity Analytic
Senior Equity Analytic
machan uba real money walata karana kota ubata margin eka maintain karanna wenawa,k,demo eke api 50000usd walin 2000usd use kale,ethana margin eka godak free,so oyata wadiya aulak na,bt machan oya 50 dollers dala,eken 30 doller wage kaloth oayage margin eka godak adui,k,ethakota thamai kela wenne,k,mage real experiance eka machan kiyanne,k,mama real money walin karapu 1st deal eka 300 dollers,k,muladi nagga,k,1mint walata 100usd profit,k,news walath anuwa aud eka naginna one,k,mama karana kota aud/usd 0.97xx,meka eka paratama dot wenna bassa elaga time bar ekedi,menna margin eka free na kiyala trade eka auto clos kara,2min walin 300usd los machan,epara mama ai podiyata kala,50usd tarade ekakin,ai mama 450usd wenakan capital eka haduwa,e para mama 250 usd wala trade ekak kala,hodata nagagena giya,bt ai eka paratama bassa,ekath los una ,bahina kota bahinne puduma widiyata,k,so point is maintain karanna one margin eka,k,uba 50usd dammoth 5doller deal ekak karanna,k,eka wadath safe,k,bt widrow karana kota eyala 15usd kapa gannawa,k,machan therunada,mara risk ekak thiyenne,shares wage newei,k,demmo eke mama 1:1k,50000 walata 50000 ern karalai real money walata basse,ethanin kawa,so balagena,k,me margin eka maintain karanna,k,mata denna puluwan advice dekai,
1.dont do forex trading
2.karannama one nam 50doller fund karala 5doller wage,aniwa margin eken 20% wage,ekiyanne 80% free thiyala trade karanna,k,

naththan oya 50usd long term invest karapan ban,namal acvity value fund eke wage,
or eagle glit egde wage,

51Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Thu Oct 20, 2011 8:37 am

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Thanks Yasiru. Very very useful. Very Happy

52Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Thu Oct 20, 2011 8:55 am

lokuayya


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I tried this few years ago on a practice account.In forex market ,they offer huge leverage.
So you can loss money in no time .(there may people who take extraordinary profit)

extremely dangerous game.

53Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Thu Oct 20, 2011 9:42 am

samueldaniel7


Manager - Equity Analytics
Manager - Equity Analytics
but i think technical analysis will work in forex,
anyone really got money out of forex (not practice accounts)
and how did you withdraw the money?

http://samueldaniel7.blogspot.com

54Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Thu Oct 20, 2011 11:09 am

yasiru


Senior Equity Analytic
Senior Equity Analytic
@samueldaniel7 wrote:but i think technical analysis will work in forex,
anyone really got money out of forex (not practice accounts)
and how did you withdraw the money?
machan oya tecnical analysis good kiyanne real eke trade karala thiyenawada???mama kiyana widiyata karanawa nam ona ekath good,poddak practise ekawath hariyata study karanna,k,mama kiyana point eka oya ganna,k,ethakota oyata ok,k,mage gawa me dawas wala salli nathi nisai mama forex walin ain une,ai salli labunawa mama karanawa,k,bt margin maintain karanna one nathi brocker kenek meet unama,

mona analysis eka baluwath wadak na oya margin eka maintain kale naththan,k,komath oyata los,k,oyala hithanawa wage widrow eka lesi na,k,widrow ammount eken 15usd charge karanawa widrow ekata,k,20usd oya widrow karanna haduwoth oyata ganna puluwan 5usd witharai,k,oka dana gaththama mata thawath yaka nagga,ona magulak kiyala epra ai trade ekak gahuwa,aud/usd,etha kota .98xxokkoma up ekata damme,bt magule margin eka nisa temporaly bassamath trade clos wenawa,k,ithin loss,

hodata hithala balala forex trading karanna,k,mata mulinma forex tradin gana kiyapu kenath dan egana no talk,

forex trading ohoma online nathuwa manualy karanna puluwan nam goda,k,loss unath profit unath thiyaganna puluwan nam,k,

55Online Forex Trading in Sri Lanka - Page 3 Empty Dear brothers, I want forex trading site Wed Nov 16, 2011 2:29 pm

ABEST


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
dear brother, i want forex trading site and demo helps
thanks for helps

56Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Nov 16, 2011 3:38 pm

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
migbank.com

57Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Nov 16, 2011 8:41 pm

dilshanusjp


Senior Equity Analytic
Senior Equity Analytic
well i am also in about forex and started trading in a practice account my forex broker is Etoro.I also still need to learn a lot regarding forex hopefully both of us can share the knowledge regarding forex in future.
Good luck Cool

58Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Nov 16, 2011 9:11 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
My advice is keep away from these kinds of trading methods like stock trading. Forex trading is not much easy. You may get a sudden profit or a sudden loss. I have a practice account with etoro. You can try it. nothing wrong with it. Try to get a good practice with this because trading with real money is not easy like this.

Note: knowledge of charts is very helpful.

59Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Nov 16, 2011 9:29 pm

Tiger

Tiger
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
www.fxcm.com
www.oanda.com

60Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Nov 16, 2011 9:33 pm

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics
@Roboticfx wrote:My advice is keep away from these kinds of trading methods like stock trading. Forex trading is not much easy. You may get a sudden profit or a sudden loss. I have a practice account with etoro. You can try it. nothing wrong with it. Try to get a good practice with this because trading with real money is not easy like this.

Note: knowledge of charts is very helpful.

look like it is not that easy. CSE is better. easy to invest

61Online Forex Trading in Sri Lanka - Page 3 Empty Online forex autotrading Tue Feb 14, 2012 5:47 pm

kordel


Stock Trader
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.

62Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Tue Feb 14, 2012 11:27 pm

dinusl

dinusl
Co-Admin
You should close your eye's and put trades if your going to try auto traders Smile do the analyses before do any trade.

63Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Feb 15, 2012 3:39 pm

kordel


Stock Trader
Well you dont actually close your eyes as there is a way to control some aspects of the trades that your provider will make. You can for example control the stop/loss and the number of max open trades. The thing that you wont control is the trading strategy of the provider , which is where the ranking steps in and helps you find the best traders out there. I dont know this scheme looks fair to me but i want to hear from users that have actually tried it on with real money.

64Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Feb 15, 2012 3:45 pm

dinusl

dinusl
Co-Admin
I am in the forex industry since in 2007

try to learn analyzing trends..i'll not recommend auto trading.

65Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Feb 15, 2012 8:22 pm

fxmpower


Stock Analytic
Stock Analytic
try zulutrade - small investment, you get quite a results. open demo to see how auto-trading forex is (suits me perfectly as a follower)

66Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Feb 15, 2012 8:41 pm

bePositive

bePositive
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
alparidirectpro.com
mb trading.com
etoro.com

http://www.viabletraffic.com

67Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Feb 15, 2012 10:11 pm

LateTackle

LateTackle
Senior Equity Analytic
Senior Equity Analytic
Have a look at this site and read some of the comments, some steal your money and you have difficulties in getting profits out. Forex trading is a different game altogether

http://forex-ratings.com/

68Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Wed Feb 15, 2012 10:27 pm

STOCK SLAYER

STOCK SLAYER
Equity Analytic
Equity Analytic
Forex trading is legal in sri lanka for my knowledge but if you are not making money in CSE don't even think of making money in forex market.More you invest you will understand...

people say " Greater the risk; Greater the return" so Forex is a risky investment my friend.... affraid

good luck!!!! Sleep

69Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Thu Feb 16, 2012 9:09 am

yellow knife


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I am into lite forex ...any way study the subject. then use practice account for a long period...then start live

Take Special Care..its not exactly similar to stock trading...i downloaded a tutorial..I learn and play...Be careful...still i have not withdrawn any money..i ve made profits and also losses..it will give good understanding on technical analysis...yet you have to keep up date information

70Online Forex Trading in Sri Lanka - Page 3 Empty Re: Online Forex Trading in Sri Lanka Thu Feb 16, 2012 2:14 pm

fxmpower


Stock Analytic
Stock Analytic
Yes forex might be risky, but most systems now can protect you. I am using a custom stop/loss to each of my signals - this way I protect myself against negative and high draw-down, but when my signals go up I go up with them. I am making 15% monthly return (with losses of course) on a 700$ initial deposit.

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