I would like to start to invest foreign currency -.where should i begin??

Answer 1

with yourself.

I've been learning about market trading for about 10 years. [market trading = stocks, bonds, options, futures, forwards, forex, options on futures, commodity options, etc.].

One teacher whose opinion I respect highly, because it is based on more than 20 years of studies of successful traders, concludes that trading is 60% psychology, 30% money management, and 10% everything else.

He also used to comment in his intro programs that 49 new traders out of 50 will leave the markets within two years after having lost some, all, or more than all of their trading capital.

98% failure rate is pretty stiff.

Since I'm a customer of Dr. Van Tharp and do not profit in any way from sales of his materials or programs, I feel free enough to cite his website http://www.iitm.com

You could do a lot worse than to subscribe to his free weekly newsletter and spend $25 for his cheapest intro book.

Answer 2

Education of course.

But before I give you some sources you must answer for yourself this :

Do you want to Invest ( defined as longer term with a larger tolerance for loss ) or Trade ( defined as short term with a small tolerance for loss ) ?

When you begin the education process you will discover that most of the small investor activity in the foreign currency market place is done in the Forex, and requires a good understanding of such Principles and Money Management and Reward to Risk Ratios and Fundamental and Technical Analysis and Emotion and Psychology of the Marketplace among others.

Anyways, here are a few sources to help you figure it out :

gftforex.com
fxcm.com
bettertrades.com
jamesdicks.com
pristine.com

Answer 3

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Answer 4

First of all before you begin investing, I think you should be aware of the risks involved. This market is very volatile, which means there are big profits to be earned and also big losses to be endured. So get educated and know it well. The psychology of this market is the main driver. Search for online brokers and open a demo account to practise trading. There are quite a lot of them and each of them have their own unique offers for you to choose from.

Answer 5

Grace
try opening a managed forex account in a company like Radiant capital advisors.They manage products that trade currency.
Good luck

Answer 6

Hi,

I could introduce you to one of forex broker leaders that is located in SWITZERLAND and Regulated by the Swiss Federal Department of Finance; audited by KPMG.
They have very tight spreads. Total 25 currency pairs Gold and Silver.
SPREADS:
2 pips for EURUSD, USDJPY, AUDUSD, EURGBP, EURCHF;
3 pips for GBPUSD, USDCHF, USDCAD, EURJPY;
4 pips for CADJPY, CHFJPY;
5 pips for NZDUSD, AUDJPY;
6 pips for EURAUD, GBPCHF, NZDJPY;
7 pips for EURCAD, GBPJPY;
8 pips for GBPCAD, GBPAUD, AUDCHF, CADCHF, NZDCHF;
10 pips for AUDCAD, AUDNZD.

LEVERAGE 1:200 default but client could chose the leverage from 1:1 to 1:200 at the account opening procedure.

MARGINS. The margin or leverage a client can have depends on the client's account equity. The table below shows margin requirements for the different equity levels:
Less than 25,000 - 0.5%
25,000 to 1,000,000 - 1%
1,000,000 to 5,000,000 - 2%
5,000,000 to 10,000,000 - 3%
Above 10,000,000 - 5%
Please note that on weekends and holidays margin requirements remains the same.

SWAPS are counted as negative as positive. Also is available swap-free accounts.

STOP and LIMIT orders may be placed as close as 5 pips from market price

TRADING TERMINAL Meta Trader 4.

Clients can choose to have their accounts denominated in either USD, EUR, GBP, JPY, CHF, AUD or CAD.

Initial account opening deposit from US$2000. From first view it probably looks high comparing with other brokers who allow mini accounts and minimum initial deposit from USD250 but it is more useful and safer because clients are more protected from quick stop out and total loss of the initial deposit in the case if unfortunately it would be several unlucky trades in rage.
This is regular forex trading account however it is allowed trading in mini lots (from 0.1 lot).

If you are interesting I could introduce you to them please e-mail or PM me (press on my name) and I provide you with further information. Furthermore I could provide you for FREE with more than 50 trading e-books and trading systems that worth more than several thousand dollars and are very useful as for beginners as for experienced traders.

Good luck!

Answer 7

your terrific decision is to flow with shares. locate out approximately shares and the inventory industry first. once you have gained egough awareness, open a brokerage account. locate one stable business business enterprise which you like that pays a stable dividend. each and every time you get the dividendd use them to purchase extra of the companies inventory. additionally, you will could desire to characteristic as lots money as you may each and each month on your brokerage account and use that money to purchase inventory. Over the long term this physique of recommendations will serve you properly.