PAK FOREX TRADINGS

Forex Brokers of Pakistan Brokers Directory Pakistan

GLAXY EXCHANGE (PVT.) LTD (KARACHI)

As leading providers of commercial foreign exchange Glaxy Exchange (Pvt.) Ltd is dedicated to providing a first class and comprehensive service to individuals and companies all ove... More

H & H EXCHANGE CO. (PVT) LTD. (KARACHI)

H & H - Pakistan's first Exchange Company. Granted license by the State Bank of Pakistan to carry out foreign exchange business. We also deal in cash currencies, foreign remittance... More

DOLLAR EAST EXCHANGE COMPANY (LAHORE)

Dollar East Exchange Company (Pvt.) Limited is a leading exchange company in Pakistan. The company is one of the pioneers to start currency exchange business in the country. It was... More

EMIRATES GLOBAL ISLAMIC BANK LIMITED (EGIBL) (KARACHI)

Alhamdolillah, Emirates Global Islamic Bank Limited, a dedicated Islamic Commercial Bank, commenced operations in February 2007. Presently the Bank has ten branches in Pakistan (5 ... More

KHANANI & KALIA INTERNATIONAL (PVT.) LTD. (LICENCE CANCELLED BY STATE BANK) (KARACHI)

Khanani and Kalia International (KKI) is a leading and trusted name in the business sector of Pakistan. Khanani and Kalia (KKI) being the pioneer of foreign currency business in Pa... More

ZARCO EXCHANGE COMPANY (PVT) LTD. (LICENCE CANCELLED BY STATE BANK) (LAHORE)

The ZARCO Exchange Company is a respected financial institution that provides dependable Exchange and Transfer services to satisfied customers throughout Pakistan. Our company has ... More

A TO Z MONEY CHANGER (KARACHI)

A.R.K. EXCHANGE (KARACHI)

AA EXCHANGE COMPANY (PVT) LTD (ISLAMABAD)

AAKRA MONEY EXCHANGE (KARACHI)

ABID CURRENCY (PESHAWAR)

AHMAD MONEY CHANGER (LAHORE)

AJMAIR INTERNATIONAL (ISLAMABAD)

AL-ABBAS ENTERPRISES (RAWALPINDI)

AL-MUZHER MONEY CHANGER (LAHORE)

AL-RAHIM INTERNATIONAL (KARACHI)

ALI HAIDER MONEY EXCHANGE (LAHORE)

ALI INTERNATIONAL (KARACHI)

ALLIED GROUP OF BUSINESS (ISLAMABAD)

ARY INTERNATIONAL EXCHANGE (KARACHI)

ASMA MONEY EXCHANGER'S (LAHORE)

AYLIA FINANCIAL SERVICE (ISLAMABAD)

BANK OF PUNJAB (KARACHI)

BIG BOARD ADVISORY SERVICE (KARACHI)

CAPITAL EXCHANGE CO. LTD (KARACHI)

CASH CORNER CURRENCY EXCHANGE (RAWALPINDI)

CHANDA & CO (KARACHI)

CHANDA E.C (B) PVT. LTD. (KARACHI)

CHANDA MONEY CHANGERS (KARACHI)

CHASE EXCHANGE COMPANY-B (PVT) LTD. (KARACHI)

How to trade forex in Pakistan?

I am new to this site but I am an old forex trader. I have been trading forex since 2004 and opened my first trading account with Alpari UK, when I was in London.

I have absolutely no interest in attracting any newbie here to any particular broker or to call me for training. I JUST WANT TO LET PEOPLE KNOW WHAT IS FOREX TRADING. I don’t think trading forex is illegal in Pakistan, specially for individual or private traders, though I know opening a FOREX TRADING HOUSE is illegal in Pakistan because some dishonest brokers in Karachi and Lahore looted their clients' money and ran away. I guess one of them was ForexLinks in Karachi.

According to my experience, most of the forex brokers are considered to be bad guys, because most of them use unethical tactics help people lose their money, rather than help them win. There may be good brokers in other countries, but generally laws and regulations for brokerage houses in USA are very stringent and are controlled by NFA and CFTC, which are government bodies and are watchdogs to regulate the game and protect rights of investors/traders. They have recently lowered the leverage requirements from 1:400 to 1:50, which is very good. Because, brokers used to lure new traders which very high leverage because if you use a leverage of 1:400 you can use only $25 for your account equity to control a mini lot worth US$10,000. While doing so, whatever the profit/loss you get will be on the lot of US$10,000.

New traders find this a very attractive opportunity to earn extremely high amounts of money with very little investment, what they don't realize that LEVERAGE is a 2 sided sword, on one side it can give you large profits on small investment, whereas on the other side it can wipe out your small account must faster than you can imagine. That is why the allowed leverage in the US for equities/shares trading is I guess 1:20.

It is a well known fact that approx. 95% for forex trades fail and about 2-3% for the remaining successful traders earn very decent profits and most of them trade for living .... throughout their lives.

WHY DO PEOPLE FAIL IN FOREX TRADING?
Though reasons are simple but most of the new traders make simple mistakes repeatedly and those who start to learn and move in the right direction don't usually have account size large enough to support them until they finally become consistently profitable.

Reasons:
1. Selecting wrong broker
As said earlier, forex brokers based in US tend to be more reliable because they are controlled by very strict government agencies, which are NFA and CFTC. You can also check if your prospective broker is in litigation with their clients on the websites of these agencies. Recently these agencies have made rules and regulations to further protect small investors. In US, it is not at all a joke to become a forex broker, they have to go through very stringent process and deposit millions of dollars with government agencies as a guarantee.

2. Not undertaking due-diligence:
That is, they don't get proper training, which not only includes taking right trading decisions at the right time but also to control human emotions like FEAR, GREED and IMPATIENCE. In trading, controlling these human emotions is MUCH MORE IMPORTANT than just making the decisions to go long or short.

3. Under-Capital Accounts:
Most of the starters start with an account size b/w $300 to $500, which is very very small if you are not very expert in money management and risk management.

4. Lack of Money Management/Risk Management:
Money management means not risking too much account equity at any given time. Because as you start opening more and more buying/selling positions ... you are exposing your account to more and more risk. It is a rule for new traders to not risk more than 1% of their equity (their real money) at any given time. So that even if all your opened positions go against you and all your stoploss are hit, you lose only 1% of your account, this gives you the chance to sit again in front of your trading terminal tomorrow with fresh mind and without stress.

Risk management is to use an appropriate pre-defined stoploss on all your orders, so that if your position goes against your, your position will automatically be closed when the stoploss is hit and you will not loose more than that. There are many ways to calculate a good stoploss position, mostly they are based on technicals, that is, support/resistance.

Forex trading is a very risky business and takes a lot of time, work and patience to master.

My advise to anyone who is serious to trading forex my advises are:

1. Read a lot about forex trading on various websites, specially trading strategies.

2. Open a free demo account with any decent broker, better with a trader who uses MetaTrader as his trading platform. Metatrader is a very comprehensive, easy and great trading software.

3. Practice your learned strategies on a demo account for at least 3 months regularly on daily basis.

4. Once you think you have not more wins than losses and the size of your wins is much larger than your losses .... GO LIVE.

5. A Word Of Caution! Once you go live or start trading on a live account with your real money ........... things will not remain as they used to be on the demo account. Real money will bring real emotions into the game and your will start to feel excitement, stress, greed, fear and impatience. Once you master those emotions ........... you will definitely have lasting and prosperous forex trading career.

6 Open a live trading account with any good broker with at least US$500. I know it is very small account, but you can size your trade accordingly, that is, trade micro lots, instead of mini.

7. Use proper entry/exit strategy, don't be greedy or impatient and ALWAYS ALWAYS ALWAYS use proper money management and risk management ............... I am sure doing so will give a lasting and prosperous forex trading career.


ANOTHER ADVISE
Never try to trade with local forex brokers, there is no direct forex broker in Pakistan and there can't be any due to the requirements they will have to meet to become one. All those who advertise themselves as Forex Brokers in Pakistan are actually IBs (Introducing Brokers) of foreign brokers and they get a share from your account in one way or another from their main brokers.

You can find great deal of forex trading info and eBooks here: ForexTradersWorld.com

WISH YOU THE BEST!

Forex & Gold Trading commodity Forex Trading in Pakistan

Benefits for attending the course: This field has a critical importance for financial institutions, investment companies and stock traders.
    Understanding the importance and function of Foreign exchange & Gold market
    Stock traders/Investors can enhance their Fundamental and technical analysis skills
    Investors can learn how to maximize profit and perform money management
    Investment companies can help their clients for better investment options
    Exporters and Importers can save foreign exchange losses from market fluctuations
    Learn to create and maintain a diversified investment portfolio
    Acknowledgement certificate would be awarded to course participants

Benefits for Gold traders and investors
    Understanding the importance and function of International Gold market
    Understand the risk and rewards of investing in Gold in present economic scenario
    Technical and fundamental analysis of Gold
    How investors can save themselves from losses in Gold future contracts and rate fluctuations
    Gold as a safe haven against paper currency

This course includes following topics:
    Introduction of Foreign Exchange  Market
    Introduction of Gold Market
    Factors which affect the Foreign Exchange/ Gold Market
    Fundamentals Analysis
    Economic Indicators
    Techniques & Strategies of trading in Gold & Forex
    Foreign Exchange Market
    Gold Market
    Factors which affect the Foreign Exchange/ Gold Market
    Fundamentals Analysis
    Economic Indicators
    Techniques & Strategies of trading in Gold & Forex
    Money Management
    How to manage your own trading portfolio
    Technical Analysis
    Technical Indicators
    Best Currency for saving
    Money Management
    Risk Management
    How to manage your own trading portfolio.

Who should attend this course?
    Treasury Personnel
    Stock Brokers
    Commodity Brokers
    Asset Management Companies
    Insurance Companies
    Mutual Funds
    Individual Investors
    Forex traders
    Gold traders
    Individual Investors
    Financial Institutions
    Treasury Department
    Stock Brokerage Houses
    Commodity Brokerage Houses
    Insurance Companies
    Exporters
    Importers
    Asset Management Companies
    Mutual Funds
    Forex traders
    Gold traders

Advertising in the Business Directory

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Windows & Doors for the export market

Leah Industries, Inc. is a manufacturer of windows and doors primarily for the export market.

LEAH INDUSTRIES, INC.
Suite 1500
5650 Yonge Street
Toronto, Ontario M2M 4G3
CANADA
Phone: +1 416-221-1642
Fax: +1 416-663-5586
Email: leahind@hotmail.com
Web site: http://www.angelfire.com/biz/leahind
Contact: Alex Nafanailov, President

We Want To Represent Your Products In Our Country (Bangladesh)

Dear Sir/ Madam,

We would like to introduce ourselves 'Florance Enterprise (pvt) Ltd.' is a well established Trading house in Bangladesh. We are looking for good products for marketing in our country Bangladesh. If you have products and want to appoint distributors worldwide, please send us details immediately.

We are looking forward for a long and successful business relationship with you. Hope to hear from you soon.

Thanking You.




FLORANCE ENTERPRISE (PVT) LTD.
House #57, Rd #13, Blk #E, Banani
Dhaka
Bangladesh
Phone: +880-2-9886897
Fax: +880-2-8810639
Email: bdcon2000@yahoo.com
Contact: Md. Khurshid Alam, Managing Director

We are producer and exporters of Ecuadorian Roses

Distributors Wanted

Availability: During the year.
Price: To be determined.
Origin: Cayambe, Ecuador.

Non Traditional Products Exporters

Phone: +593 02 352584
Email: kintitur@hotmail.com
Contact: Frank Andrade


ECUADORIAN ROSES
Av. Diego de Vasquez
Quito
Ecuador
Phone: +593 02 352584
Email: kintitur@hotmail.com
Contact: Frank Andrade, Ing.

Waste Handling Systems - Seeking Distributors Worldwide

We are manufacturer of the best waste handling systems like bailers, compactors and pulpers/extruders and seeking distributors worldwide. Everybody who fills dumpsters or containers and would like to save money, help to recycle and want a clean environment should have at least one of our machines. Please check our homepage (HOLZER) for more information.


RUESCHER GMBH
Munkafeld 7
Feldkirch, A 6800
Austria
Phone: +43 5522 83446 0
Fax: +43 5522 83446 85
Email: holzer@ruescher.com
Web site: http://www.ruescher.com
Contact: Walter Ruescher, CEO

Unlimited Income Potential for the Right Person

We are currently in need of Canadian entrepreneurs to spearhead our expansion into Canada. Be among the first representatives for the fastest growing nutritional company in the USA -- on track to reach its first Billion in sales by the year 2000 -- and we're only 2.5 year old company -- which means serious income potential for you.

We need sincere individuals who have the desire to earn what they are worth and are willing to work hard for 2 years so they can play hard afterwards. Be a part of the ground-breaking team that will cover Canada and other countries. Is it you? Find out now!

We provide complete training. US resident inquiries are also welcome and strongly encouranged. Life is a series of choices -- which one will you pick to make the best impact in our life?

The PeopleBuilders
503 Batten Lane
Oxnard, CA 93033-8338
USA
Phone: (888) 450-4910
Fax: (805) 986-9959
E-mail: achieverslink@juno.com
Contact: Noel J. Duldulao

Unique Handcrafted Designer Mirrors

We are seeking distributors for our handcrafted mirrors that are exquisitely designed to grace any room in the home or office. Our unique range of mirrors offer an impressive choice that will complement any style or color scheme of major designing and home improvement projects. Please feel free to visit our website at www.mirror.com.my to view our full range of products. If you are interested and think our products have market potential, we would like to hear from you.




VIRTUOUS ENTERPRISE PTY LTD
426-430, Jalan Kuala Kangsar
30010 Ipoh, Perak
Malaysia
Phone: +605-2922069
Fax: +605-2922231
Email: mirror@virtuous.com.my
Web site: www.mirrors.com.my
Contact: Mr SL Goh, Managing Director

Tour Packages

We are looking for agents to promote our Golfing, Lawn Bowls and Country Farm Tours.


RELIABILITY PTY LTD
144 Gumma Road
MACKSVILLE NSW 2447
Australia
Phone: +61 2 6568 2292
Fax: +61 2 6568 2292
Email: trevdaws@midcoast.com.au
Web site: http://www.midcoast.com.au/~trevdaws
Contact: Trevor Dawes, Tour Director

TEA - EAST COAST USA/CANADA

Have high quality Indian Black teas and Japanese Green teas.
Require distributors, retailers on the East Coast USA and Canada.
Please contact Vikrum Bagai, Vice President, email: sales.chaya@juno.com
URL: www.chaya.com


BAGAI TEA CO
P.O. Box 1046
San Marcos, CA-92079-1446
USA
Phone: 1-760-591-1904
Fax: +1-760-510-1904
Email: sales.chaya@juno.com
Web site: http://www.chaya.com
Contact: Vikrum Bagai, Vice President

Tannery seeking Agent in U.S.A.

We are a tannery based in Taiwan seeking a reliable agent in the U.S. with knowledge of leather for the shoe industry. Unique opportunity as we only have representation in Europe with European based branded shoes and not in the U.S.

All leather is sold to factories in China and Vietnam. We are seeking a U.S. agent to market our leathers to branded shoe ofices and other shoe importers in the U.S.




GO ASIA LEATHER
32 Tasheng Street
Taichung 408
Taiwan
Phone: +886-4-23205001
Fax: +886-4-23192548
Email: matt@goasialeather.com
Contact: Matt, Sales Director

Success in the UK Market

David Hames Consultants is a marketing and sales development organization based upon its vast experience - launching consumer and business electronics products in the UK market.

Our service goes beyond simply offering marketing advice. We specialize in representation of consumer and business electronic and communication products and services in the United Kingdom and bring them into direct contact with British buyers and end users.

Using old fashioned "shoe-leather-on-the-street"; we prospect for new sales, create new relationships, expand business at existing accounts, and manage, monitor and maintain your distribution network


DAVID HAMES CONSULTANTS
Cherington Close
Wilmslow
United Kingdom
Phone: +44-7989-386719
Email: david@dhames.fsbusiness.co.uk
Web site: http://www.dhames.fsbusiness.co.uk
Contact: David Hames, Senior Partner