Question About Forex Trading

May 30, 2012 | By Fitz | Filed in: Investing, Personal Finance.

Sir Fitz any information how to do forex trading here in the philippines? What is the capital for forex trading and is it somewhat similar to stock trading. Thank you in advance




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5 Responses to “Question About Forex Trading”

  1. Fitz says:

    Hi erds, currently, there are no forex trading firms in the Philippines – so if you want to trade forex, you would have to open an offshore dollar bank account.

    Right now, I’m in the process of learning about forex trading and how to do it online, so expect that I’ll be writing more about it on my blog soon.

    I’m studying through Mr. Mark So, and have actually partnered with him so people who are interested can get a special learning discount through my.

    You can check out this post regarding the forex semiinar

    Moreover, the starting capital to trade forex is USD 300 – but that’s through my broker. Others could ask less or more.

    Lastly, it’s similar to stock trading in many ways. The biggest difference I think is that it’s open 24 hours a day, 6 days a week – unlike the stock market. So you can literally trade almost anytime you want.

    Also, as there are only 7 major currency pairs to consider when forex trading, unlike stocks where there are hundreds of companies. So doing technical and fundamental analysis is less time consuming.

    And third, and this is just my observation – forex is easier to do fundamentals than stocks because currencies involve the economy of specific countries and that’s easier to analyze than the performance of individual companies, right?

  2. LittleJowell says:

    Hi boss Fitz,

    Very informative…thanks…I’m looking forward to your blog regarding forex trading… sasabay ako sau sa pag aaral ng forex trading…I’m not sure if I can attend the seminar but hope that you wil share what you have learned from the seminar….

    Do you have any reading material or site where we can learn forex trading by ourselves? Right now, i’m looking at: http://www.easy-forex.com/ site. Do you recommend that?

    Thanks in advance!

  3. Fitz says:

    For those who cannot attend the forex seminar, you can actually sign up to become a starter member at Forex Club Asia here.

    It’s free and you will have access to their free online course. Moreover, I would actually recommend http://www.fxcm.co.uk/ because that’s where I opened an account.

    They likewise have online trading tutorials plus you can download their trading platform and practice with a demo account for free.

  4. erds518 says:

    Thanks for the answer boss fitz currently i am studying forex at babypips and boy grabe learning. Knowledge overload nga ako heheheh.

  5. patrick says:

    Sa babypips din ako madaling natutunan at syempre uma-attend ako ng free seminars dito sa SG. Do must have a lot of guts when trading forex than stocks.

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