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Articles Archive for November 2009

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[30 Nov 2009 | 3 Comments | 248 views]

I have never invested a real money before in stock market/options, etc.
With current economy downturn, I think its a good opportunity (with due care) to get as soon as the economy shows some signs of recovery.
I have considered many popular brokerages (Ameritrade, Scottrade and lesser known ones as well). Currently I am test driving thinkorswim and I like it a lot. What I like in particular is the software, tools within it, and even though I intend to stay clear of risky invesments like forex and options for now, I …

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[30 Nov 2009 | One Comment | 260 views]

I’ve been playing around with forex and made a BIG mistake on Friday by taking a buy position on the USD/EUR market which then went the wrong way for me. Even more stupidly I forgot to set the stop loss triggers and by the end of trading on Friday I was down $1,500 on the position.
I want to close out the position as soon as possible on Monday but need to be in front of the computer when the market opens – which will presumably be in the Far East …

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[30 Nov 2009 | One Comment | 275 views]

Q:  I have no options experience and I am trying to understand what the differences in the various levels are. I was hoping I could use cash to back calls and puts with level 1 but this does not seem to be the case. Can anyone provide details?Also, since e-trade only allows upgrades every 90 days, I’m looking for a broker which will allow me to back calls and puts with cash immediately after opening the account.Disclaimer: I realize these are high risk investments which could result in a complete …

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[30 Nov 2009 | 2 Comments | 431 views]

FXCM Micro has an offer right now to start up an account with them totally free, and they’ll even credit you 50 dollars. My concern is can I trust them? They want me to give them my ssc and a bunch of other information. If this forex broker is a scammer, then I’m worried what they could possibly do with that type of information, or if there will be any hidden fees in my “free” account. If anyone is a forex trader themselves or knows someone that is, and could …

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[30 Nov 2009 | 2 Comments | 208 views]

Hello everybody,
Can you guys please suggest me some online brokerage names based on my requirements:
#1: Brokerage should allow to trade stocks,options, futures and forex.
#2:Brokerage should be able to allow me to trade all the above listed things in Worldwide Important Exchanges (NOT only american stock or equity or futures exchange).They should be international.
#3: I would like to trade more times a day i.e, entering and exiting the different trade multiple times in a single day.So, Commision for trade should be reasonable or inexpensive.e.g: I do not want to pay 10 …

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[30 Nov 2009 | No Comment | 190 views]

Q:  Does anyone know of good, inexpensive Mexican peso investments? Most of their online banks and brokers never reply to my USA e-mails. Interested in something attached to their currency (not necessarily Forex) that also fluctuates that you can BUY/SELL daily. Bonds, Bank stocks or Forex etc. that could be utilized through a single account?
A:  You can either buy short term securities like Cetes if all you want is Forex exposure; you can buy longer term bonds (called M’s) if you also want exposure to local interest rates.
There also dollar denominated securites …

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[29 Nov 2009 | 10 Comments | 246 views]

Q:  I want to start forex trading .i saw lot of sites but want to know good forex trading platform to start forex trading.can anybody advise me best and easy to use trading for new traders.
A:  You can start researching for a forex trading broker online. Go online and participate in online web forums. Try to see if you will be able to talk to someone who has a first-hand experience in dealing with trading brokers. Then, try to ask for recommendations and referrals. Once you have a name, try to …

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[29 Nov 2009 | One Comment | 202 views]

Q:  What is mean by Introducing Broker?Can you please explain to me in detailed and clear way.?Does anyone can become Introducing broker?What is mean Prime Broker ?Again , Please explain to me in detailed and clearly.Regarding Tax, By trading Options, Futures and forex and Making profits…..Is it taxable?If “YES” how much is it?Can you also please tell me what Kind of profit earning securities are taxable?
A:  INTRODUCING BROKER-futures broker who has a direct relationship with a client, but delegates the work of the floor operation and trade execution to another futures …