2006-08-18 20:29:53 · 4 answers · asked by Angelo D 1 in Business & Finance ➔ Investing
buy currency. have it move in your direction. take profit. :-)
currency markets are highly leveraged though. Be sure to do your homework before undertaking any investment in the forex markets!
2006-08-22 20:30:52 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
Foreign exchange trading is allowed only in select countries in the world where captial controls on finance are liberal. The opportunity for profit exists due to changing economics of each country, demand and supply of world's currencies. If you want to trade in foreign exchange, please check whether you are allowed to do so by your country's Central Bank. If yes, you can open an account with a bank or a company that specializes in forex trading, there are numerous companies that provides the facility online. Yahoo finance, Reuters are some of the websites that provide information on movement of all the currencies of the world.
You can invest your money by buying specific currencies after analysing the fundamentals of the currency, demand and supply etc. Depending on the movement of the currencies and its likely future course of movement, you may sell those currencies and book profits.
2006-08-18 22:31:40 · answer #2 · answered by Sampath K 2 · 0⤊ 0⤋
Google "fourex" trading...
there are a number of sites that provide this service...
I would suggest trying those that have a "practice" option....you get to play the game with "play" money before you actually risk your real money
Be advised that it takes a reasonably good sized investment to be able to play in that arena.....
Good luck
2006-08-18 20:42:51 · answer #3 · answered by Gemelli2 5 · 0⤊ 0⤋
both of the above are good answers. you should know that the vast majority of people who try to trade currencies lose money doing so.
2006-08-19 04:23:48 · answer #4 · answered by Michael K 6 · 0⤊ 0⤋