What is Forex?
By ldynimaway
@ldynimaway (704)
United States
5 responses
@paperchaser (503)
• Canada
30 Jan 07
Forex stand for foreign exchange where your trade and sell the US dollar and gain monetary value. Most are so said to provide very high yeilds but really 99% turn out to be either a scam or fall apart very quickly and leave you with nothing. I would not trust the ones which require Egold only and not paypal because Egold does not have any rules about scams. Paypal is more strict on the matter however.
@ldynimaway (704)
• United States
30 Jan 07
thank you as I had no clue what this was at all sounds risky is this similar to HYIP's?
@jpibanez29 (131)
• Philippines
30 Jan 07
I think its Foreign Exchange. Risky in terms of change. You can start small. If you earn, invest big, earn big.
@freesoul (3021)
• Egypt
30 Jan 07
I wouldn't trust any online Forex site (Foreign exchange) most are scam, even if not a scam no guarantee that you will make a profit but they will get their fees anyway.. if you really want to try it you should look for a trusted testimonial from someone who used the site for a long period.. basically you trade any currency against another.. e.g. buy EURO then sell it for JPY, etc not necessarily against the USD anyway currencies goes up and down, the Forex trading site will give you their predictions that you should follow in trading but they can't guarantee anything.. it's more like a gamble sometimes you win and other times you lose.. you can start by small sums but some people started to gain first and when they put more they lost bigger sums than their earlier profits..
@bestbiz (74)
• Indonesia
30 Jan 07
forex trading is basically buying currency pairs at a lower cost to sell at higher cost and you earn the difference, or vice versa.
forex = foreign exchange.
if you want to know more, you can find free info here
www.startforex.cjb.net
it is risky if you don't know how it works, don't have experience, while you invest a lot of money.
with some brokers as listed on websites, you have to pay a lot of money to just open account, pay huge commission, etc. but on above link, you can learn for free, no deposit, no fee, etc. so there is nothing to loose.
@marief2rnurse (2704)
• United States
30 Jan 07
It stands for foreign exchange. I don't know anything about it when it comes to investing money. I suggest you don't do this, a lot of things online are scams. I would be happier holding my money at home or the bank.