forex trading
By apit2002
@apit2002 (53)
Malaysia
November 17, 2008 4:13am CST
Make money with Forex trading....Online Forex trading is another i endeavor with..Anyone here involved with this Forex Trading ...im newbie for this Forex trading .....can anyone here tell me more how to make money using this Forex online trading...
1 person likes this
4 responses
@navas4u (185)
• India
17 Nov 08
Dear Friends.
Forex trading is simple!
X has 100 dollar with him.He trade it with Euro.You got 79.That's it!
But the real business is in the rate difference in different currencies.X will always buy dollars when it is lower than the normal rate and he will sell it when the dollar rate is high.This is just an example.You can play with different currencies.And the beauty with Online forex trading is it is online and you dont need to keep the heep of currencies with you.
Thanks
@loxion (1553)
• India
30 Nov 08
Hey friend, could you please explain how that thing works? i mean i totally do not understand it, how much must i have in order to trade on forex? if i have $1 can i still do forex trading?.
And how does buying the currency works?, i mean i tried to read from different forex site but i do not understand how things work there.
@yukylxd (55)
• China
11 Dec 08
hey,sir
you are a forex trader.
any platforem you used?
tell me ok fxcm?fxclub?or others?
@mechky (62)
• India
11 Dec 08
forex trading is actually currency exchange or currency trading...in this u have a base currency(suppose US dollars) and u buy other currencies with respect to ur base currency(other currencies like pound,japnese yen,franks etc..)..after u have bought some currency u can sell that currency at the currnt rate and can make profit...
its like stock market only except no stocks are involved here...instead currencies are involved...
@underdogtoo (9579)
• Philippines
17 Nov 08
Does it take a lot of money to do forex trading? I have no experience with it. Cheers!!
