im in nigeria
2007-08-20 10:03:54 · 3 answers · asked by muyiwa a 1 in Business & Finance ➔ Investing
if you mean FOREX then first advice applies stay away from it.
If you mean investing in a foreign market aka Dax50 or Nikkei then you need a broker that allows you to trade in that market. Beware of all fees, taxes, rules, regulations and so forth.
2007-08-20 13:12:17 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Very carefully.
IT helps tremendously if you have serious technical trading experience. Whether you do or don't, take a year before you put in one dollar. Read a much as you can. Learn as much as you can.
Over 95% of traders in FX lose their account in 3 - 6 months.
It's not gambling. Learn Money Management (for trading), it's the most important thing that will help you be profitable.
Consider yourself warned.
BTW: There are no good brokers, only brokers that are less bad. Check out broker reviews on www.ForexBastards.com.
Great site to learn from: www.BabyPips.com
2007-08-20 17:19:47 · answer #2 · answered by Common Sense 7 · 0⤊ 0⤋
go long the chinese yuan, it has no way to go but up.
2007-08-20 18:06:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋