What and how to earn money from forex?

@amerzx (60)
Malaysia
January 23, 2007 6:12am CST
I have read a lot of site/forum about forex, but i don't really understand. What i know is we are selling and buying currency and there are also some sort of signal/formula that will told us when to buy/sell. Damm!..it's to complicated to understand. Can anybody teach/ guide me step by step to involve in Forex? please
3 responses
• Mexico
23 Jan 07
Forex at the beginig its very complicated, you will need 1 month at least to start making some money in the platform. Now have alredy make the choice of what platform are you going to use? There are several like Forex-Eazy, if you want the links email me at salestop81@gmail.com. I like this platform because they have a great customer support. The first concept you will need to undertand is "pips", that is the distance between the buying and selling of the currencies. For example you can buy the EURO at 13.456 and you can sell it at 13.459, the curriency have a pip of 3 points (13.456-13459=3). When you make an investment in the forex system you buy a lot of currencies, for example in the beginers platform (you will need $25 Usd to invest) of Forex-Easy, if you buy a lot of EURo, you will control 10000 units of this curency. If you suscribe at the professional platform (you will need at least $1000 USD to invest), for every lot that you buy you will control 100000 units of that currency. Now lets make a transaction, you buy 1 lot of EURo at 13.546 USD, (that means 10000 units or 10000 dlls), and you sell it at $13.550, so make a positive pip of 4 points. In the beginers platform each pip is $1 usd and in the professional platform one pip is $10 USD, so, if you are at the beginings platform your income of the transaction will be $4 usd, and in the professional platform will be $40 usd. Now you can make all the transactions that you want per day, the currencies that that you buy depends in how the market is working, the platforms gives a lot tools to make your transaction desicions, and a lot tips. The only advice that can give is to dedicate at least 2 hours in your first month in working in the platform, in order to make some money. Thanks
3 people like this
@amerzx (60)
• Malaysia
24 Jan 07
I just rated your respond, and i'm very thankful. u just give me new knowledge and now i understand what is 'pips' and beginner/professional platform. I was wondering for a long time.. what the heck is the 'pips' is. Thanks again...i really mean it.
• Nigeria
26 Jan 07
what is the best possible way to enter the market or waht are the key signs you look for.
@amerzx (60)
• Malaysia
26 Jan 07
U can go marketiva to learn more bout forex, It's great for a beginner like us. U just have to pay 1$ to start trading in forex! and it's free to create an account. They also provide a live demo Trading Desk that later u can use the system for live forex trading. Go here to learn more bout marketiva, http://tinyurl.com/2g97gu or u can go to my blog, to see detailed information bout marketiva. http://amerz-x.blogspot.com/
@xiongqh (791)
• Hong Kong
25 Jan 07
I just want to told the usage of indications. you can use three indicator, don't use too many indicator, it make you confuse. The three indicatoris: MACD, RSA, MA. MACD, you can use it default set up. RSA, you can use 8, 5,3, you need to reset it. MA Group, 7M 13M, 26M, 52M, 104M it is enough to trading. wish you earn more money. you can visit my blog to know more: http://xiongqh.blogspot.com
@fady83 (617)
• Egypt
23 Jan 07
i do not know anything about this site but i hope if you got any details about this site hope to put it and send it the way how to got money from it but i would like to ask you if you are really get paid from mylot site or it is like a joke only