forex

If you are really interesting in forex trading you may at http://www.babypips.com . and you must joint a forex forum such as: forexfactory and forex-tsd. Gain knowledge in forex trading and use this knowledge as a tool with good money management can make you very successfoul in fxtrading.

You have completely no idea how what is forex and how it works. Therefore what you need is just a an introduction process. Fortunately all the brokers are offering demo trading platform for everyone to try. Go to any of these brokers 1. Marketiva 2. OANDA 3. FXCM 4. Interbankfx Register for demo account, download their trading platform and start familiarize yourself around. It basically works like stock trading like those in the wall street. Well if you mention about cheat yes it does in history they are couple of scam. They do it in billion of dollars scamming. But if you join the regulated brokers you should not be afraid because the government authority will chase them if something wrong. How to make good profit. Easy to say but hardly true ;). The currency are traded in pairs for example EUR-USD, GBP-USD, GBP-JPY, AUD-USD, etc. So what you basically have to see is the chart which reflect the market fluctuation/movement. So if you expect the market/chart go up you should buy to make profit but if the market go the other way you make losses. On the opposite also work the same way if you expect the market to go down you should sell but if the market go against your way you make losses. thats how it work. The forex is very risky and because of that it is also very rewarding. Your profit will be counted in terms of pip/point which is 1 pip/point equivalent to approximately 1% of your traded amount. Which means you are trading using $1000 if you earn 1 pip you will make $10.If you earn 100 pip you will make another $1000. How fast you can earn those pips are very fast. The forex is extremely volatile which can make sometimes 50 pips within few seconds or minutes. In one day the average movement can go up to 200 or 300 pips. If you can harvest those pips everyday you will be rich within a month. Unfortunately that is not the case as i said earlier the market is very risky and rewarding ;). So your chances of making losses and gain is 50:50 depending on how good you are analyzing the market.

Hi there.. doing forex live for 1 1/2 year now..if you are interested, contact me via skype.. Skypename : mslsoft