Have you tried foreign exchange trading ?
By greenline
@greenline (14838)
Canada
January 20, 2010 3:33pm CST
I often see programs on the internet saying foreign exchange trading is a good way for making some extra money. Have you tried that ? I have no experience with foreign exchange trading. Do you think it is a good way to make some money in your spare time ?
3 responses
@RAVENBLADE0842 (493)
• United States
20 Jan 10
I can be a very lucrative way to make money, but be advised to never use any money with FOREX that you can not afford to lose. The reason is FOREX is all about judging currency pairs against eachother. If you judge right you can make alot of money, and sometimes very quickly. However you can also lose money very quickly. I would suggest you try any number of FOREX sites that offer a free trial account so you learn from their tutorials and get a feel for the way everything works. Once you have some practice and feel comfident about your skills then you can try it for real. But to really make anything worth while you have to have at least a couple hundred dollars to spend, and be fully prepared to lose it.
@moondancer (7433)
• United States
20 Jan 10
I do agree, if you do it be prepared to loose money. Now if you want something more sure. Invest in bonds in the US. That will also help our economy to pick back up. You pay half of the amount of bond you want...$100 will get you a $200 bond and it matures in 5 or 10 years. It's your choice how long you want to go and how much you want to spend....as low as $25 each.
@yugasini (12893)
• Secunderabad, India
21 Jan 10
hi greenline,
how are you i think you are not attended the mylot for some days,so you are busy with the office work,regarding forex trading i heard about this,i does not know how to do the forex trading ,i does not know how much safe to trade forex,there may be ups and downs in the market,have a nice day
@moondancer (7433)
• United States
20 Jan 10
I have also seen this. I have been to several other countries, I know that money fluctuates so much. When our dollar is down theirs is usually up . It all depends from day to day as to what they are. It use to be that the dollar was much stronger than other places, now it's not so. Like in Brazil it use to be $100 was $200 of their dollars, now it is $150. I have not traveled for the last 3 years overseas so I don't know the exchange rates of other places.
If investing in things they do...like research or technologies that may be a good thing.
