2006-12-01 01:03:28 · 6 answers · asked by daniel2yk2002 1 in Business & Finance ➔ Investing
don't get a loan for forex as speculating. You either have the $$ or don't & still should probably avoid if do have the $$.
2006-12-01 01:09:36 · answer #1 · answered by vegas_iwish 5 · 0⤊ 0⤋
First of all, you don't "invest" in forex, you trade. Because currency trading is a zero-sum game, unlike the stock market which has a long term tendency of gaining value.
But if you do decide to trade currency, brokerage itself should be able to offer you margin at rate of 4%-6%, but you have to put some of your own money in first.
2006-12-01 01:58:24 · answer #2 · answered by koko 2 · 0⤊ 0⤋
It looks you are going to begin your trading experience with borrowed money - DO NOT DO THAT. I think there is no any trader in the world who didn't lose his first deposit. Just only few of them are so brave and honest that could disclose it while other ones never speak about it. But it is true.
2006-12-01 02:04:04 · answer #3 · answered by VP 3 · 1⤊ 0⤋
I do not suggest you borrow money to trade the forex market.
You should only use money that you can afford to lose and which would not change your lifestyle if you lose it.
If you do have extra money, click on http://www.4xmoneytrain.com
You'll be glad you did!!
2006-12-01 06:26:39 · answer #4 · answered by Anonymous · 0⤊ 0⤋
How about out of your own pants pocket.
2006-12-01 01:05:21 · answer #5 · answered by ? 5 · 0⤊ 0⤋
the bank
2006-12-01 01:05:13 · answer #6 · answered by Anonymous · 0⤊ 0⤋