Anyone FX Trading residing in Japan?

[TFG]

I am wondering which FX trading companies are recommended and most importantly which are not!
Basically, I am looking for both English language and Japanese trading companies to trade with.

Thanks in advance

[Buraku]

[TFG]

Thanks for the pointers, greatly appreciated.

Will look into everything with a magnifying glass.

[Cyka UchuuJin]

i trade with a forex.com account and i haven't had any problems. the day closes out at 0600 japan time, and runs from 0600 monday until last bell on the nyse friday afternoon. the margins are good, all the major pairs are tradeable. mini accounts are 250$ to open, and the only complaint i really have is that they charge 40$ for transfers into non-US bank accounts.

[TFG]

Thanks for the input people.

I am just trying out the forex.com demo with play money.
It is rather interesting but I have a lot to learn before I open an account and invest.

Is anyone using any of the FX trading software or can recommend a decent one to facilitate stop loss trading while sleeping?

PS
Perhaps, a City bank account would solve the transfer fee?

[Cyka UchuuJin]

Thanks for the input people.

I am just trying out the forex.com demo with play money.
It is rather interesting but I have a lot to learn before I open an account and invest.

Is anyone using any of the FX trading software or can recommend a decent one to facilitate stop loss trading while sleeping?

PS
Perhaps, a City bank account would solve the transfer fee?

the demo account is great for practise. i highly recommend that you go through the training and advise documents they've got available on the site.

putting in stoploss and if/then orders are what you will use for controlling buy/sell activity while you are away, asleep, etc. if you haven't already, sign up for the daily commentary reports, but do NOT take them as gospel. at the moment, the markets are very volatile with the oil situation and it's not uncommon right now for positions to gain or lose 100 pips in an hour or two.

if you want to pm me, i'm happy to talk about my experiences in trading (don't ask me for advise though, i don't want to be blamed if it goes pear shaped!)

i don't want an american bank account, as that means i'll have to pay taxes to them.

[TFG]

Yeah, I am getting into this with a lot of hard study to go before taking the plunge.

I am currently trying a few demos one of which seems to be very specific in as much as the pair exchange rates are displayed down to the last pip.
This is the site I am currently using a demo from. http://www.fxfor.com/en/
The only problem I can see with this demo is that it is only for 30 days.

Will PM you later, as the $ seems just about to top the 110 Yen mark.

[Cyka UchuuJin]

Yeah, I am getting into this with a lot of hard study to go before taking the plunge.

I am currently trying a few demos one of which seems to be very specific in as much as the pair exchange rates are displayed down to the last pip.
This is the site I am currently using a demo from. http://www.fxfor.com/en/
The only problem I can see with this demo is that it is only for 30 days.

Will PM you later, as the $ seems just about to top the 110 Yen mark.

i've tried a few of them, but i'm happiest with forex.com.

i bought at 109.53 this morning and sold at 109.92 about an hour ago. 110 is a critical level, but i'm not sure it's going to go over. i've put a buy order in at 110.05. if it hits that, it'll soar. i'm keeping an eye on how the nikkei closes. friday afternoon is always a bit quiet, but if it closes down, then i keep a close eye on the us market opening, usually if nikkei is down, wall street has an early morning surge before slowing down to a dull spread for the rest of the day.
in my experience, when you're starting out, stick to one or two pairs and learn them like the back of your hand. if you start playing all over the place with pairs that look like they might pop, you're setting yourself up for potential big loss. usd/jpy is a good pair, as is the cable (usd/gbp). i generally avoid eur/jpy, the spread is too big and it's incredibly unpredictable.

[Buraku]

usd/jpy is a good pair, as is the cable (usd/gbp). i generally avoid eur/jpy, the spread is too big and it's incredibly unpredictable.

Have you tried "the geppy"

here's an interesting 11 page thread on it

http://www.forexfactory.com/showthread.php?t=45824

[Cyka UchuuJin]

Have you tried "the geppy"

here's an interesting 11 page thread on it

http://www.forexfactory.com/showthread.php?t=45824

very interesting thread indeed. unless i've got some good gains on the day, i tend to avoid that one too. the spread is about 8 pips and it's easy to take a really big loss very quickly. as i write this, gbp/jpy has lost 200 pips today, bit too volatile for me.

[TFG]

I bought at 108.60 yesterday and managed to sell at 110.06 taking a hefty profit. But of course, this was play money. Ha

[Cyka UchuuJin]

well done!

[TFG]

Just a note to mention that I have experienced the Forex.com software dropping the link and other glitches which are not due to PC or provider problems.

[TFG]

Nottu

These are the tools in that software I mentioned.
And you can see how it works, well when tweaked.
Actually, I am just plotting when to buy.

[Buraku]

chances of a US rate hike ?

[pheyton]

Why do you ask? I can't imagine they could raise the rate.

I have a Scottrade account I don't use anymore, but I would like to again someday. I made a little bit of money and learned a lot. Thier tools were great for a first timer like myself.

I'm going to look into Forex. Thanks for the thread.

[Cyka UchuuJin]

i think the market's about to get really interesting, i can't wait to get back to osaka and fire up the ole forex trader again (my connection in kenya really sucks and i can't do it here), especially as forex.com is about to add the scandinavian currencies to their trading platform.