What is forex trading?
By hothash007
@hothash007 (488)
India
April 19, 2007 3:17am CST
I have heard of different sites which tells about trading in forex.Actually what is it?Can we benefit from it depositing some dollars.Please help.
2 responses
@gudangemas (84)
• Australia
20 Apr 07
Forex has huge opportunity, if you can managed the risk. I suggest you open a free demo account first, and do some trading with the virtual money at least 2 months before you do a real trade.
@ybobby (22)
• Indonesia
19 Apr 07
Forex trading is a high risk and also high profitable business.
This is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and traded in pairs. For example the Euro and the US dollar (EUR/USD).
You can get some profit, when the currency you bought have raise in exchange rate to its opponent currency in a pair.