If Forex is so lucrative then why many people are not interested in this?

[doctm]

Pete buddy where you been?

I appologize for using this forum for this request. I know that it is pertaining something else but I want to ask Peteuk if he wouldnt mind posting an update in his thread:about the intellegent trading system. I am sure many are wondering what is happenning with it.

Again, sorry for posting here but this is the most recent post of his that I could find.

[smiley33]

Hey Pete,

was up well early Friday waiting for the Swissy to move - then decided to take a nap, only to see the massive swing on cable. All I did is make a cup of tea while the ADX was dying down..

Great...

All I can do now is to go for plan B) and what for that rate hike.....

Noice !

[peteuk]

Where we taking this thread guys, somewhere hot I hope, seems we've hijacked it good and proper

Sincere apologies to cyberkrish!

Hi Freestyler, London huh, me too when I'm home!
I'm using MetaTrader as a freeloader right now as there isn't anywhere to pay for the damn thing, I'd happily pay a monthly subscription for their charts but how?? I believe MetaTrader is purchased by brokers (ie Alpari) as their trading platform and free to account holders. Now I don't know about you but I can't say I relish the thought of sending $1000's to Moscow and trading with a Russian company in the hope I might see some money back one day, or maybe risk a 'visit' from the secret police. No offence to any Russian traders out there, I actually love Russia (especially your beautiful women), but come on, do you blame me?

Hey Doc!
I just posted an update in this post, email via the MoneyTec site has been going astray so aplologies if anyone has emaied me and not received any reply. Also my regular laptop started making weird noises so it's gone in for intensive care

Hi smiley33
It's sods law isn't it, makes a change for it to happen to someone else though, I was getting a persecution paranoia. I can sit in front of a screen all day and nothing happens, and you can bet as soon as I take a break there'll be a mega move. As soon as I come back to the screen the move's over and I'll sit and watch a straight line!
I think on cable we'll see 1.85 from here (maybe 1.8150 first) in preparation for that .25%, they'll take it up in anticipation. If we get the .25% I can see 1.88 on the way! I'll have my mouse over the 'place order' button when they announce though, I can see it being a biggie one way or the other!

Cheers All
Pete

[rezo_s]

Hello everyone,

how's the weekend?! played soccer today - and cannot move now - sitting home watching movies...decided to visit my favorite forum to see what's up! hope you're all doing great!

about FX popularity - well serious investors were here long before it became available for retail investors (it was 100 - 250k minimum investment if at all). And it is defiantly becoming more and more popular every day.
But still, there are reasons that people are afraid of it and prefer stocks. Most of them were mentioned here in this thread:

- stocks are related to companies that people can "feel" better

- stocks were available with much less minimum investment

- there is no control of fx market, and it is very difficult to be done if at all

- the mini accounts, in-house trading that cause rumors/true talks about stop fishing, on purpose slippage and more are also causing people not to look at this market seriously enough. Of course I am talking about retail investor, and not someone that understands deeply how things work - usual people prefer staying away rather that getting into it - if it looks bad from distance ...

yes there are in-house trading, yes broker is the counter party, yes there will be brokers that will fish your stops and more and more...how else do you want mini sized trades to be conducted? taken to real inter bank market? old story...

But FX is gaining more and more popularity, more and more serious investors are looking at it as a diversification tool and seeing the potential...understanding how it works.. stock market performance in recent years was a factor as well...

In brief, I agree with the Idea in this thread that it will become more and more popular... It should be beneficial for all of us.

Have a Great weekend everyone!

[cyberkrish]

Hi Forex Fads,
Iam glad to see the no.of replies been posted everyday.Kudos! to each and everyone who took part in this discussion.I understand that if a person has good money mgmt.skills and discipline he can surely make profits and be successful in forex.Someone has told that the market trend is important for trading which sometimes cannot be determined instantly which would lead to losses.So one has to keep his ear open always so that he can prevent losses.In stock market there are so many factors which affect the market but forex has less no.of factors but the trend is affected immediately which should be taken care of.
Iam expecting more replies in this forum and thanks for taking the time to post a reply.Have a Great Weekend!
Cheers
cyberkrish

[kuepper]

Whoa! Gain Capital is someone that I would stay away from... I had an account with them through Forex.com and everything went fine for about a month until I left a position overnight for the first time. Note that I had $500 in use, and over $1000 cash in my account at the time.

So, I wake up and see that EUR/USD is up since last night by 50 pips. Overjoyed, I log into my account to see the money first hand. Alas, my position was closed overnight. So naturally, I looked to see if my stop-loss had been triggered, but no! My stop-loss was a full 20 pips from execution - no spikes or anything on the charts. After confirming this with several other people I know using different systems, I finally called them. Their response: they have the right to liquidate any of my positions at any time at their whim if they feel their capital is at risk from the trade. I thought my $1000 cash buffer was more than enough to cover the dip that only costed a theoretical $100... but I guess not. Needless to say, I switched.

Hope this helps!

-Justin
http://opulento.com

[Freestyler]

Thanks PeteUK for the info, i agree, as a charting tool its quite good, and as a investment springboard , ie: a place to place trades ..im unsure

kuepper - thankyou for the input about GAIN - funnily enough, i was reading thru their UK franchise (lcforex.com) and they say that positions will be closed each night and reopened (or can be) -something along the lines of the argument they mentioned -i didnt see that comment on the main gain site, but the lcforex site is just a localized front end to gain (for the UK maket), but maybe FSA disclosure requires the UK vendor to be more forthwright ...here is the quote: heading - "What happens to my open positions at the end of the trading day?"--
at lcforex.com/fxfaq2.html
:- something along the lines of they close each day, and if your position was in your favor, they pay you interest overnight and if against you they try to remain competitve on what they charge you...

hmmm im really interested to know what trade platform you use, since you have some experience (I can start a new thread if Cyber' would prefer - [peace] thoughts?

recommendations on good trade packages?

Cheers

FreeStyler

[cyberkrish]

Hi Freestyler&Keupper,
You guys have reflected your views about trading platforms which willsurely make people cautious about choosing a trading platform.Thanks!Freestyler, i dont mind if you open another forum topic regarding trading platforms
I invite people to post their views regarding the topic and not to diversify into many forex related things.Just a request.
cyberkrish