I am looking for the best way to trade currency.
2007-02-04 08:11:14 · 5 answers · asked by Antons697 1 in Business & Finance ➔ Investing
I trade currency (Forex, FX etc). This market is minimally regulated & is significantly larger than the US Stock market. 90% of all the people that try Forex trading lose all their money. Of the winners.... they lose 40% of all their trades.
Many brokers actually trade against you. They make money when you lose money.
I love this market.... but.... take six months to a year before you put in 1 cent. Learn the skills you'll need. Practice. Backtest. Start out very small. Don't believe 90% of what you see from the brokers. Always move slowly. Part of the way to win in this market is picking trades carefully. It's always better to not trade than lose money.
This is 100 times more riskier than stocks.
Read up on this. After you learn a little more, feel free to email me. DON'T JUMP IN!!!!!!!!
2007-02-04 13:56:40 · answer #1 · answered by Common Sense 7 · 1⤊ 0⤋
The best way to trade currency is to go to http://www.fxcm.com
You open an account with them and then you can trade currency! It's very risky just like trading stocks!
For more info, go to http://chi-style.blogspot.com
This blog has good information about finance.
2007-02-04 13:14:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Check the website below where the top currency trading programs have been reviewed. I feel it will definitely help you in selecting best way to trade currency.
Hope it helps
http://money-review-site.com/investment.html
2007-02-04 11:06:52 · answer #3 · answered by Anonymous · 0⤊ 1⤋
I understand the best and cheapest way to trade currency is to use your credit card.
2007-02-04 08:19:03 · answer #4 · answered by BritLdy 5 · 1⤊ 0⤋
What currency? Anything specific? Or are you trying to profit from trades back and forth daily?
2007-02-04 08:57:54 · answer #5 · answered by Smartass 4 · 1⤊ 0⤋
This website provides some good basics on how to trade currencies:
http://www.babypips.com
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WHOMEVER GAVE ME THE THUMBS DOWN...YOU HAVE NO IDEA WHAT YOU ARE TALKING ABOUT...
2007-02-04 10:12:43 · answer #6 · answered by Anonymous · 0⤊ 1⤋