which company or website can i use for my investment in forex?
Monday, July 20th, 2009 at
6:42 pm
which company or website can i use for my investment in forex that does the trading and delivers my profits into my account?
Filed under: Forex Companies
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Well there are usually two very important participants in the Forex trading process. One is the broker that will supply the trading platform and interface. The other is YOU.
You are the one that will actually place, monitor and close the trades hopefully resulting in profit going into your account.
You need to be aware of the fact that the Forex market place involves a high degree of risk. It is important that you understand those risks and become aware of various strategies that can be used to reduce these risks.
Do not place any of your money into the marketplace unless and until you know exactly what you are doing. And you should not have to spend money to learn the principles and mechanics of trading in the Forex market.
There are several different ways to participate in the Forex marketplace. I like working with new people and teaching them a conservative investment strategy that will help to reduce risks and has a high probability of generating consistent returns.
I am currently putting together another investment team where we will learn a couple of strategies using demo accounts and virtual dollars. Drop me a line if you are interested.
Paul
Don’t do it!
Read this from the US Commodity Futures Trading Commission:
http://www.cftc.gov/customerprotection/fraudawarenessandprevention/fraudadvisories/fraudadv_forex.html
and from CNN Money:
http://money.cnn.com/magazines/moneymag/moneymag_archive/2007/03/01/8400893/index.htm