From:
Harry
Message:
Hi
I work for a company that sales EAs and Manuals for the forex market,
this introduced me to forex, I’m doing a demo account right now for 2
months and so far this year I have been successful with getting less
losses, I just would like to ask what time frame can you recommend for
new traders like me? What would be my main chart to look at? right now
I look at 15M,1H,4H and Daily, which of those should be the main
chart?
Message:
good day sir!
im vibert **** previously an OFW and decided to stay in the
country, sir i’m very much interested to try the forex trading i have
already try the demo account on the MT4 platform and want to have a
live account now the problem is how would i find a reputable broker
here in the philippines so that the cost of funding the account could
be minimize because base on what i learned its mostly overseas. pls
help thanks
My Answer:
First, as far as I know, forex in the Philippines isn’t that well known yet for retail traders like us. Its mostly reserved for banks and big institutions.
Second, you don’t necessarily need a “local” broker since its all the same. Fees are the same and are minimal. And why not take advantage of international brokers’ high tech platforms? I would bet that forex brokers in the Philippines would have low tech websites and probably not tradeable by mobile. I know because I also trade in stocks. And they don’t compare to stock brokers from international companies. But I stick with them because they offer Philippine stocks. In forex, you don’t have to stick with them. Take advantage of technology.
We have forex brokers list here:
http://forexphilippines.org/forex-brokers/
I’ll add more of them as I go and research for legitimate and secured ones. Let me know if that helped.