December 18, 2010

What is FOREX trading and how does it work?

By Planet Wealth

Can you enter the FOREX trade with small money? I want to invest. But I am sincerely lost and do not know where or how to start…
Which is simpler Stocks or FOREX….In any event how do I get my feet wet!!!

Topics: trading tips | 3 Comments »

3 Responses to “What is FOREX trading and how does it work?”

  1. Lillian Says:
    December 18th, 2010 at 10:22 am

    With forex there is more gearing so you need less money than for stocks. But you still need a few thousand to be comfortable although $500 or less will open an account at some places.

    Learn as much about the business first before really trading. Read about it and do paper trades.

    Try out some software that can help generate signals and automate the choice making. I personally like Forex Killer. Have made some excellent trades with it. This week I tried Forex Assassin on paper. Still trying it out but I heard it’s excellent. It’s certainly simple.

  2. Teske Says:
    December 18th, 2010 at 10:22 am

    Forex is Currancy exchange… You will need at least $10,000 to make any money, but they have a practice program you can use. Use it!

  3. Xelam Says:
    December 18th, 2010 at 10:22 am

    Foreign exchange (FOREX) is the trading of contracts of currency pair exchange rate. It is a NON-DELIVERY trade, which means that there is no physical transaction of currencies, but it is rather an agreement, or "contract" (FOREX DEAL), to trade specific volume of a pair of currencies at an agreed exchange rate. . Trading occurs around the clock over the telephone and on computer terminals at thousands of locations worldwide. Foreign Exchange is also the world’s largest market. Daily market turnover has skyrocketed from approximately 5 billion USD in 1977, to a staggering 2.5 trillion (and more) US dollars today.

    For a start, register to download a Free Ebook from this site.

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