forex
By kmtgold
@kmtgold (18)
Taiwan
May 15, 2011 7:58am CST
Anyone had experience in forex trading?heard zulutrade?following trading using expert trading signal.
4 responses
@stephcjh (38473)
• United States
16 May 11
I have heard of Forex trading but I do not have any experience with it. I have often wandered how it works and how you make money with it too. I hope someone can tell us more about it.
@inveztorz (8)
• Malaysia
29 May 11
Forex is trading with currencies.
For example, when you need to go to another country, you will exchange your country currency with your destination currency.
I am from Malaysia and I went to Singapore beginning of May this year.
Therefore, I exchange Malaysia Ringgit with Singapore dollar. The money exchanger will definitely sell you a higher price but buy at lower price to earn the difference.
Same applies to forex.
However, the price will not be the same everyday as it is affected by demand and supply and many other factors.
In order to earn from forex trading, we need to know where is the direction of the currency price.
For example, US have been in crisis, therefore, the USD value have been declined to almost the lowest in the history of forex. Therefore, if you think the USD is going to decline further, then you should sell the USD. However, if you think the other way, then you shud buy USD.
The good thing in forex trading is that you can sell first before you acquire the USD. Therefore, you can earn from both market directions. This is different from stocks/shares, where you must buy the stocks/shares before you can sell it (depends on country as certain country also allow you to sell the stocks/shares first)
@inveztorz (8)
• Malaysia
29 May 11
Hi all,
I am consistently trading forex and making approximately 5% per month from my initial investment. Thereafter, I started to share with/train my friends to enjoy the profit together.
You need to have experience in both fundamental and technical of the forex world before just following the expert trading signal. You need to know how to read news of the country/world that will affect the forex.
Start practising by using the demo account from the service provider.
Currently I am using avafx platform to trade and there are too many brokers around the world that offers the platform. The question is only whether the broker is reliable or not.
I have no comment on any brokers but do find out more from those who are using the platform.
I usually started by using their platform to evaluate their user friendliness. Thereafter, sending them a few emails to checkout their responsiveness. And finally when u r ready, deposit small amount to start trading and request for withdrawal to test their effectiveness and efficiency in handling our withdrawal.
If the broker is reliable, the will process our deposit and withdrawal with ease. If the broker is not reliable, they will process your deposit with super speed but when comes to withdrawal, they are taking their own sweet time to process your request.
The above is my comment. Feel free to contact me if you have any questions. Fyi, I am an investor in many investments such as options trading, land, property, forex, shares. However, I am still working to maintain my monthly expenses.
I am confident that in a very near future, all my investments can provide me with passive income so that I am retired earlier and do what I like most which is investing with my group of team players.
@DIMARIA59 (16)
• Brazil
15 May 11
I think a investment of risk,it guarantee any, but think you most do aexperience to see.
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@NeoCaelum (109)
• South Africa
16 May 11
Are nobody going to light some light on the subject? I did learn a few stock market books for curiosity. But I dont think a novice should invest if they do not have a lot of money to begin with. The grow is just too little.
But its still a good Idea I believe.