The biggest and most liquid market in the world is Forex. With the availability of retail brokers in India, as well as current global economic turmoil, forex trading has become more lucrative than ever. This is a list of questions which a beginner must know before starting forex trading.
- What is Forex?
- What is the ideal capital requirement for a beginner?
- What are the most important fundamentals?
- Where to get news?
- Do the insiders manipulate the market?
- What is the difference between equity, margin and free margin?
- Why do currency prices differ between brokers?
- Why do I frequently find a difference between the prices quoted and the price I get filled?
- Discuss the proposed legislation to reduce Forex margin to 10:1. Will this apply to overseas markets also?
- What’s a segregated account and is it important to have one?
- What time of day is considered the open and close for the Forex market?
- Does a Forex currency broker ever “stop hunt” my positions?
- How can I look at a Forex brokers list and tell a good currency broker from a bad one?
- Explain “First In, First Out” and how that impacts me.
- Are all trades put through the interbank market?
- Why trade spot Forex currencies rather than Futures or ETF currencies?
- Should one use an ECN broker or a broker that is a dealing desk?
- Do the insiders manipulate the market?
- What is the difference between equity, margin and free margin?
- Why do currency prices differ between brokers?
- Why do I frequently find a difference between the prices quoted and the price I get filled?
- Discuss the proposed legislation to reduce Forex margin to 10:1. Will this apply to overseas markets also?
- What’s a segregated account and is it important to have one?
- What time of day is considered the open and close for the Forex market?
- Does a Forex currency broker ever “stop hunt” my positions?
- How can I look at a Forex brokers list and tell a good currency broker from a bad one?
- Explain “First In, First Out” and how that impacts me.
- Are all trades put through the interbank market?
- Why trade spot Forex currencies rather than Futures or ETF currencies?
- Should one use an ECN broker or a broker that is a dealing desk?
Source: http://www.topdogtrading.com/?p=731
{ 5 comments… read them below or add one }
is there any free/cheap source of news feed?
Also which forex broker is operating in India?
Check with IB: http://www.interactivebrokers.co.in/en/main.phpfxcentral: http://www.fxcentral.net/
Check here http://blog.thetradersforum.net/all-about-forex-trading-in-india
If you go to any standard broker like Alpari they make it clear that such trading is illegal. But the small brokers scramble for our money trying to justify such trading.
This is much useful for me. Thanks.