What's up with this forex trading online?
@santosmarichris (1849)
Philippines
June 22, 2010 9:18pm CST
We all know about PTC, but what about this forex trading online? I really don't have any idea. Lol. Can anyone here please explain how it works and if it does really work? Thanks.
5 responses
@indahfth (11161)
• Indonesia
23 Jun 10
Forex trading forex trading or currency trading is a business. With a turnover of more than $ 2 trillion per day, forex trading is the largest financial market in the world, far bigger than the stock market, commodities and other financial markets.
With the development of internet technology, now anyone can do it from home. Plus a margin trading system by using leverage and a very small value of the contract, allow investors with relatively small funds.
@momof3kids (1894)
• Singapore
23 Jun 10
Wow thats impressive about what you know this forex, will pm you for more info!
1 person likes this
@santosmarichris (1849)
• Philippines
23 Jun 10
Thanks for sharing. I believe it's kinda risky. Don't you think?
1 person likes this
@dav20b (507)
• United States
23 Jul 10
I know they are like the stock market very risky and you never know if they pay and if they pay how long.So I only put some money in them since you never know when they will stop paying you.So I treat them like the casino some times you win and some times you loose.
@greenpeas (998)
• Philippines
20 Jul 10
Be careful with HYIPs. They may be giving out profits today but the second day they could also be gone together with all your last bet/investment.
@UmiNoor (4522)
• Malaysia
23 Jun 10
I'm curious about forex trading too. My sister went for forex training and it cost her $2300 Sing Dollar and she made $100 USD on the first day. I always thought that this kind of trading is very risky and you need to be up to date with the world market and need to always be on your toes all the time otherwise you might lose money overnight. And it's not passive income. If you work you get money if you don't then you won't earn anything. Am I right?
@greenpeas (998)
• Philippines
20 Jul 10
Forex trading is trading one currency to another. You could either win big or lose big depending on whether or not you bet on the right direction of the currency fluctuations...So yes it is very risky and you should not only know what you are doing but be attentive to what is happening.