How does Forex trading works and how can a layman like myself get involve?
i heard Forex trading is a great way of making fast money. i would like to get involve in this currencies money making thing. however my knowledge in this area is very limited. i’m desperately in need of some free guidance. help!!!!
i’m also wondering if my location matters. i’m living in Jamaica so will that be an issue as it relate to me getting involve?
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Tagged with: area • free guidance • guidance • guidance help • knowledge • layman • living in jamaica • location • location matters • need
Filed under: Trading Forex
Hello Deloris, if you wanna get involved with Forex check this first: http://a3354ygnv8upmxe6peviw-xp59.hop.clickbank.net/?tid=YR
Hi,
Its great that you are entering into the Forex World and its one of the greatest source to generate money. you are newbie to the Forex world then it might be difficult for you in the initial stage but as you aware of all the strategies and tactics of Forex trading you will enjoy trading.
There are lots of ebooks [all are free]. Just do a google search and grab, then take an hour to read. That’s enough for you.
I have a managed forex account which means the traders do all of the work for me. The returns over the last for years have been 9.16% per month. In other words if you had invested 10,000 dollars four years ago, it would now be worth over 240,000 dollars.
Living in Jamaica is not an issue.
I have made a site showing the results that I am currently experiencing.
forex shouldnt be viewed as a way of making fast money, its not an easy place to get profit for the novice trader. in fact with leverage, you’ll more likely blow your account with record speed.
as a starter you can look at www.babypips.com and go from there.
You need to visit free portals with forums and forex trader community like these:
http://fx2day.net/
http://www.babypips.com/
Also, open a free demo account with any broker to try trading without depositing funds.
I agree with the one who answered first. It is about buy and sell of foreign currencies. You make make by buying high-valued currencies and sell them if the demand is high. Yes, you can do it in any country. All you have to do is to take free online lessons such as reading about Forex trading and watching tutorial videos. You can get advise from an experienced forex trader where you can know the process of trading. You can also join online forums where people meet and share updated information about the market. I’d gladly recommend the one that I used for a long time and it helped me a lot and these are
http://www.forexfactory.com/forum.php
http://forums.babypips.com/
http://forexforums.dailyfx.com/forum/
If you are really interested in forex trading, you can try some free demo account for forex live signals before you trade with real money. I have been using http://www.exeliafx.com because of their reliability on live signals. I hope this has helped you. Let’s make some money. =)
as with everything else it can ALSO be a fast way of losing money unless you know what your doing …but here are some details…http://www.goforex.net/forex-basics.htm
FOREX (FOReign EXchange market), refers to an international exchange market where currencies are bought and sold. The Foreign Exchange Market that we see today began in the 1970′s, when free exchange rates and floating currencies were introduced. In such an environment only participants in the market determine the price of one currency against another, based upon supply and demand for that currency.
How FOREX Works
Transactions in foreign currencies are not centralized on an exchange, unlike say the NYSE, and thus take place all over the world via telecommunications. Trade is open 24 hours a day from Sunday afternoon until Friday afternoon (00:00 GMT on Monday to 10:00 pm GMT on Friday). In almost every time zone around the world, there are dealers who will quote all major currencies. After deciding what currency the investor would like to purchase, he or she does so via one of these dealers (some of which can be found online). It is quite common practice for investors to speculate on currency prices by getting a credit line (which are available to those with capital as small as $500), and vastly increase their potential gains and losses. This is called marginal trading.
Trade Forex and make money
FOREX investing is one of the most potentially rewarding types of investments available. While certainly the risk is great, the ability to conduct marginal trading on FOREX means that potential profits are enormous relative to initial capital investments. Another benefit of FOREX is that its size prevents almost all attempts by others to influence the market for their own gain. So that when investing in foreign currency markets one can feel quite confident that the investment he or she is making has the same opportunity for profit as other investors throughout the world. While investing in FOREX short term requires a certain degree of diligence, investors who utilize a technical analysis can feel relatively confident that their own ability to read the daily fluctuations of the currency market are sufficiently adequate to give them the knowledge necessary to make informed investments.