How does the FOREX trading market work? Anybody with distinct answers should mail me pls: ttogbenro2001@yahoo.com
thanks
2006-07-24 11:13:52 · 7 answers · asked by chicago 1 in Business & Finance ➔ Investing
You can trade dollars for euros or yen today, and then at a later date you can reverse the trade and try to make a gain.
More commonly, people buy call and put options on the euro or yen, which is a more complex market transaction. More complex yet, are "spreads" which are combinations of calls or puts.
The virtue of calls and puts is that the gain can be much larger than the amount of money you are investing, without engaging in borrowing or "margin". The downside is that when you lose your bet, the option becomes worthless and all your investment is lost.
The simple answer: STAY AWAY! Don't touch this stuff with a 10 foot cattle prod. Warren Buffett has lost a pile of money in these markets.
2006-07-24 17:24:45 · answer #1 · answered by Tom H 4 · 0⤊ 0⤋
Hi there,
You should try with Penny Stocks Trading (you can find more info here: http://pennystocks.toptips.org )
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share.
I've been subscribing to this PennyStock web site for about a year now and have loved the objective advice they give. He really does look for quality stocks and I've made some pretty nice profits on a lot of his suggestions. Being still fairly new to investing I have been dabbling a lot in penny stocks to try and grow my account. I may not have a big account, but it's a lot bigger than it was a year ago. On just one of Nathan's picks this year I managed to make my investment back ten-fold! Be careful! Penny stocks are notoriously risky but if you follow the right method the risk is almost 0. I suggest to invest only little money first and then reinvest the profits. This is the site I'm using: http://pennystocks.toptips.org
I hope it helps
2014-09-22 06:31:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Forex trading is like any other trading like commoities or stock trading. You buy low and sell high or vice versa. What makes Forex Trading challenging is the leverage and the volatility. On mini account the leverage could be as much as 1:100. So depending on your capital and money management strategy you could find yourself on the short side. However, because of leveraging you can apply money management strategy like the fractal method of money managment. The idea is to win or than lose and to win bigger than lose bigger. Forex Trading is like any trading involving Leverage. Bear this in mind before you venture further For more information and books check out the link below. Look out for Trading for a living by Alexander Elder, Disciplined Trader and Money Management.
2006-07-27 22:31:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋
forex is not gambling..you need knowledge & strategies to trade..if you stick to the rules...you will be able to minimise your loses...
you can go to the website below which is one of the best sites for beginners or people who wants to know more about forex...
2006-07-25 06:46:35 · answer #4 · answered by imma225 2 · 0⤊ 0⤋
It's a global, unregulated 2 trillion dollar a day market. 90% of the people that try it lose big bucks. If you trade and have 60% of your trades do well.... you're considered very good.
2006-07-24 15:41:40 · answer #5 · answered by Common Sense 7 · 0⤊ 0⤋
it has something to do with interest rate, unemployment rate. that's why forex is unpredictable.
try to read some economic books (macroeconomics) on exchange rate topic.
2006-07-24 11:19:34 · answer #6 · answered by didy 2 · 0⤊ 0⤋
There are usually some links at the page below.
2006-07-24 11:17:46 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Lots of info here.
2006-07-25 05:13:25 · answer #8 · answered by Anonymous · 0⤊ 0⤋