Kamusta! Its been a while since i open this thread. I am happy that the forex community from the philippines are growing. To cut the story short i have opened my live account already last year. I’ve been studying forex for about 7 years and i only open my live account last year. If anyone would ask i open an account with OANDA. I am not from oanda or endorsing it. I read a lot of reviews on almost broker and i have decided to go for oanda. So far it is still good but i haven’t try to withdraw. Because I only open a $200 dollar account. I just want to feel the market myself. I would say that forex is not an easy task especially if you have a job. I tried so many set ups and everything. I am not a fundamental guy. I am more of a technical analysis type of person. As of today I am still negative. Hehe. But in a good way. I have learned that it is better to loose first in this kind of bussiness. It is where you can learn everything. More of my losses comes from over trading. I have a day job and i cannot open my account every now and then.
Just a piece of advice for my fellow filipinos. Forex is a good place to earn money but still be careful. If you ever wondered I haven’t blown an account yet. I am using a 1% rule. If i have a $100 it means ill have a postion of 100.
I hope more filipinos would post on this thread. If have a time I would post some of my trades and hope also the people here would share their strategies. Ingat mga kabayan and enjoy.