Sent a message to Big Pippin by clicking on his link. Can’t find where he would have replied. Was trying to log on to the chat room but all I get is that I have to download the Java software. Tried that but it all it says is that it is already installed. I think I can find my way back to this site. :16:
I’ll let him know you sent a message! Might be hanging out in the clubs and not visiting the forums…
Thank you very much. I am not very proficient with the Net and can loose my place very easily. At least I find my way here by clicking on the link in the email. I will get better with practice.
Still no contact. I feel that it is because I am new to this site. My purpose for finding out how Forex works is so that I can move my currency out of a country that does not appear to be managing it well and into a more secure currency. I am not looking to make a profit but just protection. I’m sure that it will take time to get on top of Forex and I can see that there are knowledgeable people here. Maybe I will absorb enough to achieve my aim.
Might be better for you to contact him by posting a comment on his blog entries here Pippin Aint Easy | Forex Blog: The Life & Times of a Forex Trader
Thank you very much for your reply. I am only just beginning to open up to the Forex scene.
I understand that the people at the top of the tree have been in this area for a long time and I am reluctant to take up their time. There is a lot to learn before I can create a picture that I can understand. Am reading the school notes and they are well laid out. Someone has spent time here setting it up.
What I need to understand initially is when I set up an account, Who holds the funds? What control do I have? Where are the funds held, i.e. which country? That is why I wanted to enter an appropriate chat room so as to see what is important. I think it is called “lurking” I don’t want to be impolite and crash in on the conversations.
Thanks for the positive feedback on our School 
To answer your questions, the broker holds the funds and it is often held in the country where the company is based, unless they have branches in specific regions (ex: FXCM in Asia, South America, etc). You would still hold control over how your money is traded, the broker is just in charge of executing those for you and possibly charging transaction costs or spreads. No worries about lurking in the forums just to see how these things go, you might find something useful in this section: Forex Brokers
A long road. I have a share trading account in the country where I work. Their fees and charges are quite high compared to my home country. In the past their currency has followed the US$. That is why I decided to leave it in the bank account here. Like all currencies these days it is a race to the bottom and thus crucifying savers. My intention at present, as stated, is to just preserve the purchasing power of my savings. If I activate a Forex account within the country I am looking to possibly exchange the currency to a more stable unit e.g. Euro. I accept that there are no guarantees. My concern is the honesty and integrity of any broker that I attempt to deal with. They are sales people primarily and everyone is entitled to make a living. Your site is very informative. When I get up to speed I will be able to express my position more lucidly. I am going to follow your Forex Brokers link to see what come up in this part of the world. " Just because I am paranoid doesn’t mean they are not all out there to get me."
That’s very true. And it’s great that you are being cautious because there are really plenty of scammers out there. Just make sure you read reviews before opening a live account with your broker of choice. Good luck!
Thank you. Lot to learn yet.