xerendipity
Moderator
Registered: 09/05/06
Posts: 199
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| | 11/08/09 | Reply with quote | #1 |
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A few days before the month of October ends, I opened a “mini” account with Millennium Penata Futures of $1000, that’s around, Php 50k thru a friend broker. I had been practicing and learning the basics of FOREX trading as well its terminologies thru a demo account.
So far, I know, the FOREX has a very volatile and liquid market and we all know, it’s risky. Some say, it’s better than stocks. Partly, true! High returns or profitability are possible but it may lead to greater loss if your strategy will go against you. Hmmm… learning the basics is what I recommend. Don’t rush on profitability. Think of it, it’s in dollars! A profit of $20 in a day is enough for me as a newbie but it’s not only limited to it, it could be more!
Capital to Invest?
FOREX trading for Pinoys might be known to only a few. It’s because, it’s the game then of the “BIG” guys! The richest of the rich, banks institutions and international marketers! But the availability of the internet, many companies into FOREX are opening its doors to online FOREX trading. One of them is Millennium Penata Futures based in Indonesia. To start an account with them, you could either choose to open a regular account ( $10,000 or Php 500,000) or if you don’t have that enough cash just like me, go to open a mini account ($1000 or Php 50,000). I can refer you to my friend broker to give you a sampler or demo account so you would know how FOREX trading would go just to familiarize on how to work with it.
Initial Profit:
So far, the highest profit I took in just days after trading in FOREX is READ MORE.
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