How do I start currency trading?
Monday, July 26th, 2010 at
11:40 pm
How much should I start of with?
What Kind of news should I look out for?
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Some of the better currency trading sites are:
http://www.forex.com
http://www.fxcm.com
http://www.marketiva.com
Most of these companies allow you to start trading with around $250USD however you should probably start out with a free practise account until you learn how to trade profitably.
If you want to trade news, probably look out for interest rate decisions and non-farm payrolls
Hope this helps
92% who are currency traders lose money !!! Feel lucky today kid ????
Visit this site http://netnew.tripod.com and search for online trading or finance page and you can start with little money like $200 US like that !
I was asking the same thing!! Please contact me and let me know when you find out! Thanks!
Better trade in SHARES!
well i can say that you have to do some thing like looking for money to start it then you will from there make more headway, thanks
yahoo finance
you can go to the bank and talk to then, it takes about 3 weeks though
I’ll trade you this $1 for a $100.
It is a very risky venture, but there is one way to make it slightly less so. Instead of looking at face value, look at the collectibles market for old and unusual bank notes and other currency. There is a rich history in paper money, and there are quite a few collectors. Read up about it, and then see what you can find of well-preserved old bills from your own country, and trade with people in other countries. Look for information first, currency second.
Come to think of it, that is not a bad plan even if you are dealing in face value currency.
Shoot your brain out and it might work.
well i think u should trade in shares not in currency
Sahara casino in Las Vegas will trade your foreign currency to American.
I think the Euro is stronger than the US dollar still! Or is it Canadian money stronger?
Very carefully! Study up on it and find an on-line site that allows you to "test" your skills at trading before actually doing a live trade; you have to be very well read on the subject and know everything about the NEWS…not just what’s happening today or tomorrow, but months down the pike…Good luck and don’t invest too much or you will be sorry until you get the hang of it (if you ever do).
Buy Yuans.
Yo a straight $5,000 will be good. plus some sort of trading software. Not to mention that you need a cable of DSL connection. Its hard, but if you get good good you will be on easy street.
You could start by giving me $100, and I’ll give you $1.
Welcome to currency trading 101.
check the links below!
PS: Good luck
I would advise you to stay away from currency trading in general. It’s pure gambling. However, you can deposit some money in a bank in Germany, say, and watch the exchange rates. The dollar will keep losing value in the next ten years, and you can then bring the money back to the USA and claim your profit. Remember there are tax consequences.
Good Luck
have the trade with for-ex trading.
look, currency trading isn’t like the infomercial on TV. money is made in trading currency when you can invest substantial amounts of money. in another business you would need to make 20-30% profit. in currency you may onl;y realize a few %, but 5% on $10,000,000 is substantial, especially if you’re in and out in a matter of hours. how much can you afford to lose? that’s how much you should start with.
Highly risky.
I tried it with 4xmadeeasy software- it was a fraud!
Even experts in this field are only gambling.
u should start w/ as much possible, give it to me and i will take care of the trading…..like trading for clothes, cars, shoes, houses…whatever u want…..
twenty four dude twenty four
start jacking off insted
Go 2 this site http://www.fxcm.com . I heard its good, never used it though
For mechanics, use xe.com. For luck, see above.
start out with lowest amount so in case you lose it : it wouldnt hurt soo much
Currency Trading is a highly lucrative, highly risky business. the first thing you should remember is that currency trading is a zero sum game. 90% of all traders lose all their money in the first 3 monthes.
if you still want to try out currency trading after this. then I suggest the following.
1: read as much articles about forex trading and economic news. http://www.forexfactory.com, http://www.fxstreet.com, http://www.babypips.com is a good place to start.
2: never start with real money. it is best to start a demo account with one of the many brokers out there. my favourite is http://www.forex.com
3: once you are comfortable with the trading software your broker provides, I suggest you start building a trading system. A trading system is a set of rules that you adamently follow that gives you signals on when to enter and exit a trade. good sites would be the http://www.forexfactory forums.
Remember the biggest obstacle you have to overcome in becoming a good trader is fear and greed. trading currency is more of an art of controlling your emotions rather then reading charts.
Good Luck with you trading ventures