Is Forex Trading Real?
@eddyaftermath (39)
Nigeria
February 26, 2008 12:48pm CST
Hello every one out there. I have been seeing adverts about Forex trading on the internet. Is this real or just a spam. If some are real and some fake, can someone please telll me the real website?
911, please help.
2 responses
@lavenderbloom (1057)
• United Arab Emirates
1 Mar 08
Hi eddy,FOREX is similar to shares trading. Forex is not a scam. It is the trading of currency just like shares. Here in forex, money is traded.
Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the Euro dollar and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY).
Because you're not buying anything physical, this kind of trading can be confusing. Think of buying a currency as buying a share in a particular country. When you buy, say, Japanese Yen, you are in effect buying a share in the Japanese economy, as the price of the currency is a direct reflection of what the market thinks about the current and future health of the Japanese economy.
I am doing FOREX Trading since few months now. I have learned a lot from the net resources. It is absolutely no scam. Yes, there are many scam sites which asks us to deposit some money and pay you the double. It means, that the money we deposit will be used in forex and if they make good profit they pay or else they shut down gradually. That is, one needs to learn forex and with time one can become a good forex trader.
If you need more information, visit my blog on forex.
http://forextradingmadeeasy.blogspot.com/If you need any help regarding forex, please do ask me. I will be happy to share my knowledge.
Good luck in earnings ..
@ssh123 (31073)
• India
27 Feb 08
I have been coming across a lot of sites which announces a good return on investment. Investment as low as $1 can fetch 50 to 75% within a week - some sites boast. I had no opportunity to look into the details of these sites. I wonder whether there is any truth. Similarly the gold market and the commodity markets are offering similar offers. I am really having my own reservation on working of such sites.