Do you trade forex or stocks online?

@bulastika (5966)
Philippines
August 14, 2011 8:36pm CST
Right now I'm doing some stocks and forex trading. Sad to say I'm not really that good. But its fun to see that I earn sometimes. And sometimes if I loss I just charge it to my experience. But I'm wondering who also trade online.
8 responses
@freyja03 (24)
• Philippines
17 Aug 11
I'm interested too. Can you share how you got started? I hear forex is pretty popular now but I don't know how stocks work yet.
@bulastika (5966)
• Philippines
19 Aug 11
Just one question. Your location. Because unlike forex that is international base. stocks trading is base on your country. So the rules depends on the country you are in. And another thing. If you invest in stocks its a long term. So if you don't have money to spare for five years then I guess stocks trading is not good for you.
@bulastika (5966)
• Philippines
31 Aug 11
Really? One question. How did you open an account in Nikkei stock exchange? And new york stock exchange? Because first you need to open physically an account in their if your a foreigner. Since you said your base on indonesia. I doubt that you just went to U.S. just to open an account and invest small amount as you said. ... Its only shows your lack of knowledge of stock trading. I do stock trading for a living. And I don't earn my in stock trading certificate for nothing. But just one question. Who is the most successful stock trader? Because if you don't know this then its useless to discuss with a newbies.
@Olleenz (3398)
• Indonesia
19 Aug 11
Sorry bulastika, I disagree with you went you said stock trading base on our country. I have great example for this, I live in Indonesia but still can make money on Nikkei stock exchange and New York Stock Exchange (even this in small portion). I also disagree went you said invest in stock its a long term. In many cases, stock trade/invest only can be made on short term basis. Many factors are involve why we must choose short term invest/trade. Actually all my trade/invest in stock based on short term trade.
@DoctorDidi (7018)
• India
15 Aug 11
No, not yet but I have already made up my mind to do some forex trading.
@bulastika (5966)
• Philippines
19 Aug 11
So what broker do you use for forex trading? Right now I'm still not success. I think I will never be successful in forex trading as long I don't adopt with changes. I need to have good strategy in forex investing before I even try to invest in forex.
@bulastika (5966)
• Philippines
31 Aug 11
Theirs no best strategy alright. But theirs also risk management, fundamental and technical analysis that you can use to guide you how to earn in forex trading. Its all goes down to skills. The more knowledge you gain and the more confidence you gain the better chance that you will earn.
@Olleenz (3398)
• Indonesia
19 Aug 11
There's no best strategy in trading like this. Strategy always change depend on situation in particular day. Just like I said my post, you need a lot of practice before enter market like these.
1 person likes this
@brew2x (3094)
• Philippines
17 Aug 11
I don't trade online but I would love to do that. I am actually researching about it. I don't how to start and don't know where to trade. Can you give me additional knowledge about this? I would really appreciate it. Thanks in advance!
@bulastika (5966)
• Philippines
19 Aug 11
Since your from the philippines try bpitrade. Its easy to join. The minimum to invest if its still the same until now is just 25,000 pesos and the maintaining balance is 500 pesos. And if you still don't buy stocks and you have 5,000 pesos you can earn interest too.
@greenline (14838)
• Canada
15 Aug 11
I am interested in stocks and fores trading. But, I know I have to take some time to try and understand the business. It looks pretty complex and has a lot of risk factor there. Yes, you are right. One has to gain experience, and that would be helpful.
@bulastika (5966)
• Philippines
19 Aug 11
first try to find a good broker. Anyway what is your country? And do you know any online broker in your country that you can use? Second is how much capital you want to start to trade. Just make sure that your thinking long term.
• Philippines
15 Aug 11
I do participate in trades in the our country's stock market. I am also a newbie when it comes to stock trading and I am still trying to find my way through it. I gained some but definitely lose some too. But still, the experience is great knowing that you can earn a lot from just doing stock trading. I have an online broker which makes it suitable for me to trade easily. I hope that both of us will get good gains from our protfolio.
@bulastika (5966)
• Philippines
19 Aug 11
What country are you from and what broker did you use in here? How much is the minimum to open an account? Right now in my country I have two broker account. And I'm using it to do my stocks trading. I also have two accounts in forex.
@Olleenz (3398)
• Indonesia
19 Aug 11
I played on both this risky business (stock and Forex) but mostly on forex. You need a lot of practice before you enter these kind of market or your money will disappear. Basically two type of market have similarity on technical analysis but on fundamental ....... very different. If you want invest your money on stock in long term basis, you must have deep knowledge about stock that you want to buy, if not, do short term basis. Every one who play in this kind of business must known that if you want to make money, you need volatility and volatility happen every day.
@bulastika (5966)
• Philippines
31 Aug 11
But volatility also a great way to loss money if your not careful. Know the facts first. Before buying. Because unlike forex that you can sell when the dollar is going down or you can buy if the the dollar is going up. In stocks trading. Theirs so many factors to earn. You can earn if the stocks goes up. But the question is why that stocks goes up. If its because of dividend then which is better to get that dividend or to sell that stocks.
@Olleenz (3398)
• Indonesia
31 Aug 11
You right bulastika, that why we must have completed information about what we gonna trade and analyze it. When we talk about reason why price going up or down, we talking about fundamental and technical. when we talk about technical, I think we both know what kind information that we looking for and how to analyze it. But on fundamental, that different story. Many information out there are fake (can I said just an issue?) and if we take wrong one ..... you know what gonna happen next. The real problem here are how we can identify valid information or not and there no tool can help us except our experience and knowledge.
@SQD444 (677)
• India
8 Nov 11
Hi, I have traded both stocks and forex ... both are wonderful ways to make money as long as you are on the right track ... i would prefer forex over stocks because its active and volatile 247...but the only problemm is that the risk involved in both are high at the same reward is also higher than any other business....
@ybong007 (6643)
• Philippines
15 Aug 11
According to Bo, 85 percent, yes he said 85% of those who trade in the stocks market loses and that's normal. So you're normal. The secret, according to him is to invest. He said investing is different from trading. If you invest your money on stable companies, the market fluctuations won't matter and you'll still end up a millionaire.
@bulastika (5966)
• Philippines
19 Aug 11
Actually I totally disagree. trading is investing. But I think what your trying to say is try to invest long term and not do day trading or try to buy stocks using fundamental analysis and not technical analysis. But its wrong to say that investing is different from trading. As every thing you do that make you earn money or gain something is investing.