Currency Trading Knowledge Base
Currency Trading? I currently trade on the stock market but I am interested in currency trading. I would like to know if it is similar to trading stock in which you trade using an online broker and if so what brokers are the best to use with the lowest commission fees?
Any one know about Forex Currency Trading? I would like to know any important details about Forex, mainly costs of commision fees if there are any (I am sure there are) and if this is the best choice for currency trading. Thanks!
What is the best site for trading stocks and currency exchange? I am completely new to the world of trading stocks or currency, but I want to get started. I see ads for all these different websites (ameritrade, etrade, etc.), and I was wondering, which (if any) would be the best for a beginner? I'm not looking to get rich quick, but I would like to start investing my money for the long term. Also, which if any of these sites offers a way to trade currencies? Ideally, I would become a member of the site with the best combination of both of these (trading stocks and currency). Thanks
Why should $ USD be the trading currency for all our international transaction? All our international transaction occurs in USD & not in INR. This occurs no matter whom we trade with. For example we buy crude oil from Saudi Arabia, yet we pay them in $ & not in Rial or INR. Why should we use $ in payment, why not INR or some other country be the trading currency. This not the case with India, all over the world they do this. Other dominant currency is euro. But why should international monetory be controled by rich nations, why not it be poor nation. Why should a fate of one country be decided by other country ?
Where can i find a currency trading expert? If i have a good amount of capital and want to trade the currency market but have a bit of knowledge but not as much as an expert , Where could i find someone who can teach me and get paid for their time teaching me? I'm in Ireland
How risky is currency trading? I recently tried out a currency traiding simulator created by a company named ACM and made a considerable amount of money ( unfortunately none of it real as it was only a simulator). THis has left me wondering whether to start up an account with them and start currency trading. But I am worried about losing all my savings. Everything went extremely well on the simulator, but does anyone know how risky it might be?
Anyone currently doing any Forex currency trading? As with any investment, I understand there are risks. However, I am seriously considering taking the online training course offered by Forex on Currency Trading. It seems too easy to make money and I believe there must a catch. I'm only going to invest what I can afford to LOSE! But I would love to hear from someone already trading or have traded!
Currency Trading: is it a viable long term way to make money from home? I went to an introduction to FOREX (foreign exchange) class recently and they were telling us how with a good education in FOREX you can consistently make money, and good money too, since you are trading 50 or 100 times what you have in your trading account. The complete course is $2000 and they were pushy for us to take the class so I didn't feel so confident about it, but i read up on the subject a bit and did a trial trade for about 30 days, I was up a lot at one point (about $8000) but in the end of the month i pretty muich broke even. WIth more knowledge and a proper education on the subject can it be a long term way of makin money? DEAR ALL, thanks for your responses, overall you seem to think currency trading is high risk and not really a viable way of making money from home. I should have mentioned in my question that if i were to do it, i would want to rely more on technical analysis and all the ratios and different theorems etc. I would also be making trades that are from about 30 minutes to at most one day. Does this change anyones opinion on the subject?
Can you tell me about Forex and currency trading? I really should get more educated before I decide if I would like to do this. Basically if you could give me a brief overview of currencty trading. Also, how much would I need to have in my forex account to actually make it worth the time and effort of trading and to be able to make any money? I'm a college student so a couple hundred bucks is probably all I could put in adn that's even stretching it a little.
Does anybody here earn money from currency trading? I don't want to see a lot of stupid adverts for forex. Is there anybody here who has consistently earnt money on leveraged forex trading? A clue to the secret of your success would be nice :-). The internet is filled with forex rubbish and I have not met one person yet who actually earns.
Does anyone here invest in forex currency trading where you just invest and they trade it for you.? I saw a few in a google search talked about 20% returns and stuff but they were not in the US. I don't want to risk anything outside the USA. Please only reply if you have done it or are currently doing it. Please post links of anyone you recommend. thanks As I said please don't reply if you have no "DIRECT" experince with investing in one of these. I know the risk's i'm looking for a ligitimate company that's why I asked for someone that is doing it. I don't have time to trade it my self I already trade futures this is for someone else that has an extra 50k to risk. That link doesn't work to the blog.
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