I am musing to go into doing online Spot FOREX trading. What do I need to be aware/prepare myself to do well in it? I already read a few books on Getting started in Currency Trading, FOREX Trading Handbook, other online literature, Demo a few platforms. What would be better/best strategies for begineers?
I know it probably sounds like a VERY economically illiterate question to ask. I always assumed that the strength of a currency was contingent on how wealthy a country was etc. So please explain to me why is the Pound more valued than the Dollar even though America is a wealthier country than the UK?
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Can I make money through Forex Trading, if I invest minimum of US0 of my saving? And which currency combination is the best to trade? Kindly let me know.
Thanks.
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I have of equity left, not much i know. I need some ideas of which currency to trade.
Please don’t give me the ‘constructive critisim’ if you don’t have a currency pair and a reason which makes you think that it will be a safe bet, don’t comment.
Thanks!
i am a novice forex trader. now trading for euro/usd is uncertain. so please tell me which currency pair is better now?
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How much money do I need to get into Forex Currency Trading??? Like whats the minimum and how much money could expect to make if I do well?
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But, I have a plan. You can invest your money in gold or buy the Euro when Obama destroys the dollar…. the Euro will be the main currency. I pray he is not elected.
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Basically I was trading last week, buying USD using GBP at 0.05, and the margin was £10 for each open position, with an equity of £200.
However today I opened d same position at buying USD using GBP at 0.05 and the margin for one each open position was £80!!.
I though the margin is fixed depending on the currency you are buying?.
Help because I was planning to start live trading soon.
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I’m sick of losing money everytime I have to change euros to pounds in my bank and, if they want it ot not, UK is part of Europe
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in exchange rates the british pound can be strong or weak against a currency, i know that the pound is strong against the Euro because £1.00 in euros is more than £1.00 in pounds so therefore i know the pound is strong against the euro because i they came over here and had to convert their currency to pounds they would lose some money because about 1.65 euros = £1.00, does anyone know what the pound is weak against?
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I really like the pound and i dont want it to change to euros because euros are everywhere and theres only pounds here and well it just made us different.
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Before Sudan adopted the Sudanese pound, their old currency was something like 1000 to 1 Euro. Since they changed it, its now 3 to the Euro. But how can a country just change their currency like that and have that currency highly valued?
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Science project, just the amount of money in any currency for 1 gram of Manganese.
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i want a million euro or pounds or dollars, not bothered really what currency. no one will miss a pound. so how can i get a million people to give me 1 basic coin of their currency. If u give me an answer that helps il give u 100,000 quid.
ill give some to the animal shelter down the road and some to a human charity, but mostly its going to someone in real need, me!
bigsam, i love it!
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Our currency is valued less than the Canadian Dollar, the British Pound, and the Euro and the currency continuing to fall how is it we can not reduce our trade deficit. Considering our goods are now much cheaper to buy, our products safer and produced more efficently how is it we can not reduce our trade deficit.
I don’t understand why they have to lower the rate of Yen for others like the Dollar, is it because it would stop over countries investing because they wouldn’t be getting a bigger amount back. Please explain?
US Dollar, or Euro Dollar? Japanese Yen or Chinese Yuan?
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HOW TO DETERMINE WHETHER INR WILL FALL OR RAISE AGAINST USD OR EUR ON EVERYDAY TRADE? WHAT ARE THE INDICATORS TO BE WATCHED AND HOW? PLS EXPLAIN AS I AM NEW TO FOREX.
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i heard the us dollar you get alot more pesos than if you brought euros
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I’ve been umming and ahhing about this for ages, and I don’t really know which one to convert approx. £100-150 to either euros or turk lira for a weeks holiday (all inclusive but just some extra spending money)
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If you can choose two currencies to exchange for a third currency, how do you choose the one which yields a higher exchange?
(e.g.) I’m want to buy Taiwanese dollars. Should I use Canadian dollar or the Japanese Yen?
I have access to both currencies. That is why I want to know which one I should use.
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I was wondering with the whole issue in the news with China pegging its yen to the US dollar and manipulating it currrency, if they were to form a common currency would that benefit both US and China? If so, how? Is that even possible to do?
I’m not really an economics person but I’ve heard this theory floating around somewhere and I wanted to see how realistic it was or how possible it is.
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This always seems to be the case and I was wondering why. I’ve asked everyone I know, including British friends, and nobody knows! I wanted to know why the English pound is stronger than, I think, any other currency in the world. What factors make this so? I know this might be a complicated question to answer but I would appreciate any responses. Thanks.
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