Forex trading/Commodities help

shahid777 (shahid777) 2012-09-21 08:26:32 +0500 #1

Dear pakwheelz.Can u guide me how to make money from forex trading and commodities trading like gold etc.I have 15 lacs to invest.Is it possible to earn 5% Return on investment per month in this business with risk free and careful trading.I have installed a software called insta trader and working on with a demo account.pLZ sir ur help will be appriciated.
Also if some professional want to work on commission basics contact and help me at shahidgujrat@rocketmail.com

BackToCivicFaiez (BackToCivicFaiez) 2012-09-21 08:54:40 +0500 #2

digital mohsin can help you...he works for excel financial services, they offer to trade for you, and charge a small percentage per annum, dont think they will give a good return, but you can try...

15lacs is a lot of money, considering you can lose upto half of it in a day(or even minutes) very easily...

start with around USD2000.

There is another guy zarqavi, maybe if he's still around he could help you.

coooooldude (coooooldude) 2012-09-21 09:01:51 +0500 #3

very easy.....but time to learn....i can guide u in october

BackToCivicFaiez (BackToCivicFaiez) 2012-09-21 12:34:30 +0500 #4

dont give this guy^^ ur money, he has bad history of misguiding the public...popular example is of the audi r8 thread.

shahid777 (shahid777) 2012-09-21 12:39:10 +0500 #5

^Thankz 4 letting me know,Waitin 4 more replyz

Heart_Break_Kid (Heart_Break_Kid) 2012-09-21 16:26:22 +0500 #6

I worked in Pakistan Mercantile Exchange (Formerly National Commodity Exchnage Limited The first and Demutualized exchanges regulated by SECP in Pakistan) for more than 2 years as a Risk Analyst and I was the one whos responsiblity to do Mark to Market daily canlcuating Marigins and Settlement Pricies. Check PMEX - Trade Gold, Silver, Crude, Commodities

I can really help me if you want. just pm me.

shahid777 (shahid777) 2012-09-21 17:20:13 +0500 #7

^ Heart_Break_Kid has exceeded their stored private messages quota and cannot accept further messages until they clear some space.

shahid777 (shahid777) 2012-09-21 17:21:29 +0500 #8

So how do we start and can u tell me ur yahoo id so that we cn chat on mail as it easy rplying there

Heart_Break_Kid (Heart_Break_Kid) 2012-09-21 17:56:46 +0500 #9

Don't have nay yahoo id... Done clearing my inbox

mohtashimiqbal (mohtashimiqbal) 2012-09-22 01:32:33 +0500 #10

ok please start listing your questions .

i m a trader/ teacher myself by profession , so i can guide you from scratch about the Do's and dont's.

remember that different people play different games/strategies and have different experiences in this arena , so always do your OWN research before reaching the final verdict.

for the part .

HOW DO WE START .

you have to wire transfer the amount into your brokerage's account.
NEVER GIVE AWAY THE RIGHT OF MAKING THE TRANSACTION to the brokerage, and keep it with you .

plus choosing a market leader as your broker is VERY VERY VERY crucial , as if your brokerage collapses , all your money is gone.

i personally recommend gain capital .

u can get a standard account there for 10k USD with a maxed out leverage of 200 .
spreads are variable .

shahid777 (shahid777) 2012-09-22 05:35:38 +0500 #11

mohtashimiqbal check ur PM....

Heart_Break_Kid (Heart_Break_Kid) 2012-09-22 09:09:45 +0500 #12

mohtashimiqbal;3539338:

ok please start listing your questions .

i m a trader/ teacher myself by profession , so i can guide you from scratch about the Do's and dont's.

remember that different people play different games/strategies and have different experiences in this arena , so always do your OWN research before reaching the final verdict.

for the part .

HOW DO WE START .

you have to wire transfer the amount into your brokerage's account.
NEVER GIVE AWAY THE RIGHT OF MAKING THE TRANSACTION to the brokerage, and keep it with you .

plus choosing a market leader as your broker is VERY VERY VERY crucial , as if your brokerage collapses , all your money is gone.

i personally recommend gain capital .

u can get a standard account there for 10k USD with a maxed out leverage of 200 .
spreads are variable .

I agree with you ... never ever allow brokers to do transcation for you.. in the start they willl make you very good mony and than when you are satisfied they will use your money/ account to cut their own positions... Remeber.. my experience... in Pakistan Mercantile Exchange is very good and face all this type frauds...

digitalmohsin (digitalmohsin) 2012-09-22 17:50:47 +0500 #13

You can invest in it but it's a gamble nothing else. According to rules of finance one can never predict random events. And Forex market much like stock market is random. There is absolutely no pattern in it what so ever so you cannot predict it.

Secondly, you do everything on leverage for example you only pay 1% and 99% is on leverage. In other words, you buy one lot of gold whose price is 150,000$ in just 1,500$. Which means, if price increases you earn endless money but as the tide turns you lose.

Suppose money in your account is 10,000$ and you bought one lot of gold for 1500$, you have now 8500$ left as backup. Now, if the price of gold drops to 1400$ then the price of whole lot is 140,000$. 140,000+8500<150,000, which means you have a deficit of 1500$ so it means that you have no backup and all of your money is gone. As they say in movie "Snatch", "you are proper *ucked"

This forex market is based on human expectations and they are all random so no amount of expert analysis is enough to tell you what going to happen in next few hours. As happened in the case of 9/11 when planes struck twin towers gold prices went insanely up at that time forex traders made a lot of money. But remember this is just like trading stocks, prices increase you win prices decrease you lose.

Now having said all this I would sincerely advise you to not do this endeavor, rather invest you money in fixed deposit or government bonds. You will never lose money rather you will get interest if thats ok with you.

digitalmohsin (digitalmohsin) 2012-09-22 17:59:14 +0500 #14

I went there coz I wanted to do CFA and thought that in this job I would have to do a lot of analysis but it turned out that no amount of analysis would be fruitful to predict the market and then i realized very soon that these people fool simple minded Pakistani people and there are absolutely no regulations in Pakistan who prevent any loss.

This business in Pakistan is pure mafia based. Gulrez Mir of "Harvest topworth international" is head of the mifia, and his dogs run "Enrichers", "Excel Financial Services" and others.

All these companies are sheer frauds. (Google for GTL Tradeup fraud. Its owner was a Pakistani who looted Italian people and now wanted by international agencies as the biggest money launderer; that guy is the papa of this business in all the Pakistan)

As soon as I realized this, I cursed myself; and that was a gross mistake to work over there. I left it only after two weeks and now I work somewhere else.

digitalmohsin (digitalmohsin) 2012-09-22 18:15:12 +0500 #15

They will all tell you stories like sugar coated pills but believe me; never listen to them.

Heart_Break_Kid (Heart_Break_Kid) 2012-09-23 11:44:39 +0500 #16

If any one want to invest money in FUTURES is a best option. This is how it works, when you buy 1 lot of gold only Margin amount is deducted, say you have.5000$ and gold price is 1600$ and Margin is 5% than 1600$ * 5% amount will be deducted from ur account rest will deduct after contract expire usually between 1-3 months. Meanwhile u can square ur position when ur earn Desire profit. Say price go to 1610 and u sell it than u earn 10$ into 5% profit. U can also short sell init.

Search short sell and futures contract in Wikipedia or invetopedia for detail knowledge of this financial instruments.

Although no one can garanttee fixed % or amont of profit. If you want fixed and risk free profit than keep it in bank fixed deposit. As lalach buri bala hai.
I am part qualified actuary and have sound experience of manging risk.

mohtashimiqbal (mohtashimiqbal) 2012-09-23 12:01:40 +0500 #17

Heart_Break_Kid;3541238:

If any one want to invest money in FUTURES is a best option. This is how it works, when you buy 1 lot of gold only Margin amount is deducted, say you have.5000$ and gold price is 1600$ and Margin is 5% than 1600$ * 5% amount will be deducted from ur account rest will deduct after contract expire usually between 1-3 months. Meanwhile u can square ur position when ur earn Desire profit. Say price go to 1610 and u sell it than u earn 10$ into 5% profit. U can also short sell init.

Search short sell and futures contract in Wikipedia or invetopedia for detail knowledge of this financial instruments.
Although no one can garanttee fixed % or amont of profit. If you want fixed and risk free profit than keep it in bank fixed deposit. As lalach buri bala hai.
I am part qualified actuary and have sound experience of manging risk.

oh that is good to hear , i m a partly qualified actuary aswell , by SOA - USA.
but only until paper 2 - financial mathematics , that was enough to burst my brains.

anyways , tell me something , personally i feel , that it is the worst time to step into this market.
all the leading traders of the world , including the king . GOLDMAN SATCH are hedging their stocks and taking oppositte positions.

now when hedging strategies have started by the mainstream players , something big is definitely about to happen .
meanwhile , the dollar cannot even absorb 1% of the currency that would fly back to it anymore as INDIA CHINA and SAUDIA are all buying gold to secure themselves .

the Chinese finance minister even said LIVE on TV , that CHINA IS NOT INTERESTED anymore in backing up its economy by using the WARREN BUFFET TOILET PAPER , and they are stacking up gold bullion .

dollar is definitely up for a collapse , 1929 is bound to repeat itself , and the world may see a new BASE CURRENCY , just like it happened to pound in 1929.

now if the base currency collapses in this digital currency arena , i m really not sure what would they do recover the digital money that would get dissolved .

how do you see things ?
according to me , the collapse is near , very near indeed....dollar shall collapse to bring down all the paper money in the world ,
and then a new currency to replace dollar , and then the same resetting of exchange rates to begin , and give inflation a rise to new peaks and bringing the world down to its knees. and its already happening...

Heart_Break_Kid (Heart_Break_Kid) 2012-09-23 14:01:17 +0500 #18

mohtashimiqbal;3541266:

oh that is good to hear , i m a partly qualified actuary aswell , by SOA - USA.
but only until paper 2 - financial mathematics , that was enough to burst my brains.

anyways , tell me something , personally i feel , that it is the worst time to step into this market.
all the leading traders of the world , including the king . GOLDMAN SATCH are hedging their stocks and taking oppositte positions.

now when hedging strategies have started by the mainstream players , something big is definitely about to happen .
meanwhile , the dollar cannot even absorb 1% of the currency that would fly back to it anymore as INDIA CHINA and SAUDIA are all buying gold to secure themselves .

the Chinese finance minister even said LIVE on TV , that CHINA IS NOT INTERESTED anymore in backing up its economy by using the WARREN BUFFET TOILET PAPER , and they are stacking up gold bullion .

dollar is definitely up for a collapse , 1929 is bound to repeat itself , and the world may see a new BASE CURRENCY , just like it happened to pound in 1929.

now if the base currency collapses in this digital currency arena , i m really not sure what would they do recover the digital money that would get dissolved .

how do you see things ?
according to me , the collapse is near , very near indeed....dollar shall collapse to bring down all the paper money in the world ,
and then a new currency to replace dollar , and then the same resetting of exchange rates to begin , and give inflation a rise to new peaks and bringing the world down to its knees. and its already happening...

Its gud to knew other actuaries around here in Pakwheels.. first personal question, where do you work and how much u qualified.. just pm me don't post here..

Secondly.. As far as my, from my experience from PMEX, I can say that, yeah all the big market player including Goldman Sachs and Freddie Mac and other faced crisis in year 2007-2009 because thier was a financial boom and it becomes like a bubble which burst and all the big players collapse.. They were managing their risk at 99% confidence interval and ignoring the 1% (Left tail) and that time market risk was at that 1% and they didn't knew that and all they face the consequences.. and also due to issues of a lots of mortgage loans without a secure collateral....

For forecasting prospective... hmmm ... in future... dollar is sure going to go down.. as china is not buying US bonds and all of the other countries like India and china buying Gold and in huge amount as they knew gold is more stable than US $..

But we shd not forget that US will do every thing to keep his dominancy.. exmaples are their.. LIBYA use Gold as a form of currency in import/export and now look the condition of it... US screw them...

9/11... it was all because of saving their economy....

$ is not a safe investment... Gold is better and we shd keep an eye on European Economy and on FED.. for prediction of movement of US$ and gold price...

The end of US $ is NOT near because US will do anything to Protect his economy... although Financial crisis will occurs like in 1980-1983 and 2007-2009 and son on....

ahmadbila (ahmadbila) 2012-09-23 14:22:06 +0500 #19

digitalmohsin;3540371:

I went there coz I wanted to do CFA and thought that in this job I would have to do a lot of analysis but it turned out that no amount of analysis would be fruitful to predict the market and then i realized very soon that these people fool simple minded Pakistani people and there are absolutely no regulations in Pakistan who prevent any loss.

This business in Pakistan is pure mafia based. Gulrez Mir of "Harvest topworth international" is head of the mifia, and his dogs run "Enrichers", "Excel Financial Services" and others.

All these companies are sheer frauds. (Google for GTL Tradeup fraud. Its owner was a Pakistani who looted Italian people and now wanted by international agencies as the biggest money launderer; that guy is the papa of this business in all the Pakistan)

As soon as I realized this, I cursed myself; and that was a gross mistake to work over there. I left it only after two weeks and now I work somewhere else.

In late 2010, i lost nearly 0.7 million PKR invested through harvest topworth guys, that was the worst experience n it taught me that stock/forex market really is gambling! although tempted to take one more shot, i managed to pull myself out of it in time...

digitalmohsin (digitalmohsin) 2012-09-23 16:13:57 +0500 #20

you are not the only one. i know a guy who invested thirty millions in 2011 and lost all of it. actually if you are in America they do have good analysts who can somehow indicate whats gonna happen to the market but in Pakistan they are not capable enough. all good financial analysts are hired by either state bank or other top banks in Pakistan so nothing left for these fraudias. so its totally unsafe and gamble to invest in such thing.