What Exactly is Forex and How Can I Start Doing It For Free?
By aulius111
@aulius111 (330)
Australia
November 28, 2009 8:51pm CST
Hello everyone,
Basically I've been doing PTC sites to earn money online and overall I have been unsuccessful. I have not earned over $10 in half a year and so I have recently heard of a way to earn money online by Forex Trading.
What I'd like to know is what exactly is Forex Trading, as well as how much you can earn and if I could start for free.
1 person likes this
3 responses
@darksorrow (4666)
• Bangladesh
29 Nov 09
Forex is foreign currency exchange. Here you trade two currencies. They are traded in pair. If you want to learn about forex then you can learn it from www.babypips.com
But one thing in forex is to be successful you need to have patience and devotion for it. It will take a lot of time for you to learn it.
In forex you calculate profit by pips. A pips is suppose EU value 1.4986 so here the 6 is called the PIP. And you can decide how much should each pip valued. It can be 1 cent or it can be $10 depending on your choice.
There are so many things to learn about forex. I am still learning. Check the site i gave. Many start learning from there.
Good luck
1 person likes this
@darksorrow (4666)
• Bangladesh
29 Nov 09
Before i also thought forex is not for me. But how would you know unless you try it? Everything seems complicated which you don't know about. It is true that forex is complicated and VERY complicated. As i said it will take a lot of time and devotion to learn it. But you can learn it for free. So why not try it? If you need any help then ask me. I will try to help you out.
Have a nice day
@aulius111 (330)
• Australia
30 Nov 09
I'm going to look at babypips school of pipsology and see what happens. I also made an account on Marketiva.
@aulius111 (330)
• Australia
29 Nov 09
Hey darksorrow,
Thanks for your response, Forex makes much more sense to me now although the whole concept seems very complicated, I'm not sure if it's for me.
@ongtina (1232)
• Singapore
30 Nov 09
You can't earn for free but you can train for free. Most sites give you a game account with game money that you can try trading on the real platform and so, like the real thing. That's training so you can try out before actually investing. try and see what to do to be more secure of earning before really trading. But again, before you jump in, know that there ARE a lot of risks.
AND THANKS TO THOSE THAT GIVE THE INFO/LEARNING SITE. I NEED TO GO BACK AND LEARN AGAIN.
1 person likes this
@aulius111 (330)
• Australia
30 Nov 09
Yes thank you for letting me know, I've taken a look at Marketiva and have decided to join, I will give learning Forex a shot and see if I'm any good at it. Wish me luck!
Happy Mylotting.
@zed_k4 (17589)
• Singapore
29 Nov 09
I don't know about Forex much too. Need to find out more. I will definitely bookmark this site and see what others reply. Thanks for starting this discussion; more knowledge to find out more about..
@aulius111 (330)
• Australia
29 Nov 09
Hey zed thank you for your response, I hope this discussion answers your questions.
1 person likes this
