Stock trading or Forex trading

I think different stock brokerages have different minimum deposit requirements. Usually they would ask for $10,000 as a basic account. Good and credible brokerages I know are Interactive Brokers, Etrade, and American Trade. Some of them also have a free trial account so you can go and practice. The Foreign Exchange Market is a 4-Trillion Dollar Market. Very liquid. Minimum requirement for forex trading? There is no minimum requirement for forex trading. All you have to do is open an account with a forex brokerage firm. I trade my forex with Oanda. There is no minimum deposit in their account which means you can start with a $1 dollar account. Big time brokerage firms usually have a big minimum deposit usually $10,000 for Citibanks' forex. I suggest you try their trial accounts first. Oanda has unlimited trial account others usually have 2 months only. So i guess with oanda you can practice all the way until you are profitable. Other forex firms also have CFDs offerings like Gold, Silver, Wheat, Corn, Soybeans and equity indices like Dow Jones, Nasdaq, S&P500, Hongkong Index, DAX, FTSE etc... So which is more profitable? That is debatable... Stock traders would tell its stocks while Forex traders would go for forex. It is actually according to one's personality. In the stock market, just be sure that you don't get fooled by those stocks which are not liquid or have a very low volume traded each day. This is because if you have bought a lot of these stocks, the problem is when you sell, there are only a few buyers wiling to buy your stock at your desired price. If you have a very big portfolio, how would you then be able to sell all of it without crashing the stock market price at more than 10%? That is a dilemna you would have to face. That is why it is better to buy big liquid stocks In forex, you would have to work and guide your portfolio 24 hours a day from Mondays to Sundays. It is imperative that you have to watch the different economic indicatiors of the Developed countries like the US, Japan, Europe for the Euro, Canada, Great Britain, Switzerland, Australia and the New Zealand because they represent the currencies usd, jpy, eur, cad, gbp,chf ,aud, and nzd respectively. By the way, you also have to keep a close watch on the economic data of each country. Some of these economic indicators data include gross domestic product, inflation or cpi, manufacturing production, unemployment rate, non-farm payroll, factory orders, trade, balance of payment etc... The reason that you have to look at this is because if there is a big change in the expected data that the market expects vs the actual data that came out right now, there could be a big and I mean very wild swing in the price of the currency. Some could take more than 100 pips (unit of measurement in forex). Some forex traders could even be wiped out if they are in the wrong side of the trade and are overleverage in their portfolio like 1:100. An ideal leverage for me is in the vicinity of just 1:5 and 1:10

Before making any investment, you should educate yourself. Read "Investing for Dummies" or any of the dozens of self- help books written for new investors. FOREX trading is a scam. Well, for 99.47% of people it is a scam. Seventy-five percent of all investors lose nearly their entire stake in just a few months. The problem is that the company sets the exchange rate, not the open market. Also, if you buy on margin (required for almost everyone) the company can force sale of your shares for a margin call when a currency falls a tiny amount, thereby not letting you survive normal fluctuations. Stay away. You'll have better luck at the roulette wheel, which isn't saying much.