Curency trading is it a plus or minus?

Thanks for the advice. I have already had a free tade account for forex and did very well for not knowing what the heck I was doing then all the sudden after te account was up I started getting phone call wanting me to staert a real account with $2500.00. Are these sites real or are there some scames sites out there for this and if so how do I tell.

Oh yeah. There are a lot of Forex scams out there. Be wary of them and hold onto your money. The good news is that there ARE legitimate Forex companies out there. The truth is that no matter how you slice or dice it, education is the only fool proof way to consistently make money in the Foreign Exchange. The best investment you can ever make is in yourself. Do your homework and gather as much information as you can before you dive and deep yourself into the world of Forex trading. If you are in the U.S., you may want to verify first if the broker that's offering you Forex platform is registered to CFTC (Commodity Futures Trading Commission). However, there are also legitimate Forex Brokers that are not registered in CFTC, these are those who are not based in U.S. (CFTC only covers U.S. brokers).

Personally I've never traded in FOREX for the very simple reason that I've never had enough money to do so. However, having been an intern at a major bank where FOREX was a major part of the activities doing on, I would suggest that if you do play with the FOREX market, you do lots and lots of research. FOREX is an exceedingly liquid but volitile market. Some central banker could blow your most carefully laid plans out of the water in an instant - just ask the Brits in 1992 what George Soros managed to do to the pound. Secondly I would go to an established trader rather than someone on the net. You need to work with institutions that you can trust. OK, what would this novice suggest. I think rather than go for things that are speculative, I would suggest you also go for products that not only allow you to make money on the currency rise or fall but also on the interest rates. For example, if you think the US dollar will rise in the next year against the Euro, you can sell Euro to buy dollars and leave your dollars in an interest bearing account. That way, if there is a slight decline in the dollar, you'll have some extra to compensate from the interest. If the dollar rises, you have more dollars to play with. Also should shop around for which currencies to play with. I think everyone is moving out of US dollars, which should be a reason to keep US dollars. But in the mean time one should probably stick to fairly convertable currencies like Yen, Euro, Pound, Australian Dollars and the Greenback. Avoid the countries with currencies that are not convertable and dependent on unstable governments - no one in Africa and don't touch the Russian Rouble unless you have an inner relationship with a high government official that will allow you to play on the official and black market rates.