what is forex?
By mamzer242
@mamzer242 (45)
Israel
5 responses
@efreddy (250)
• Belgium
29 Mar 07
Forex is a place where you can trade in a currency (Example €/$ )when €/$ is 1.33 and you buy 10000 € you should pay 13300 $ for it,there is a leverage during the day so you pay only a % of it (when you pay only 1% of it it means you have to pay 133$) and when you sell the € later during the day on 1.333 you get 13330 $ for it or a win of 30$.
Because you have only paid 133$ as investment and you have won 30$ that means you won 22.55% on your investment (or must I say gamble because when the € falls to 1.327 you should loose 30$ on it and by a fall below 1.3167 you loose more then your investment).
When you think the € should fall you do the opposite and sell 10000€ for 13300 $,when the €/$ falls to 1.327you win in that case 30$ because you can buy the 10000€ back for 13270 $ (the risk is then that the $ will fall).
@AdFreeLink (88)
• Egypt
29 Mar 07
Holla
Da Forex is da biggest all over da world
work 24h/5dayz ..
ya can trade with any currency ya choose
exmple : EUR/USD whats is mean ..
da EUR is da fundamental or da higher currency
Then ya will Make deal " Buy Or Sell "
Buy : Mean Ya Will Buy EUR And Sell USD .
Sell : Mean Ya Will Buy USD And Sell EUR .
========
Ya will Need a Company To Do Your Orders From ..
Ya can Choose any Company ya want ..
This Company Give ya $5 to start ur trade and ya Can Charge or withdrow using E-Gold , E-Bullion or Wire Transfer
Dunt need To Pay any money to open account .. its free + $10.000 Demo For Traning with Live Supports 24/7 + Free Charts/Price Program https://www.marketiva.com/index.ncre?page=open-account&gid=4088 + Members Chat Room to can Exchange da Deal or Discusstion about da market
and ya can join easy-Forex this company too good too
but ya need to start your account with $25 .. trade from webpage hhtp://www.easy-forex.com/Gateway.aspx?gid=26282
thx ... wait ma Discussion about more forex information
Sherif G.s
@AdFreeLink (88)
• Egypt
29 Mar 07
Sorry about da links
this is da free company + $5 Gift
http://www.marketiva.com/index.ncre?page=open-account&gid=4088
This da Paid Compy for $25
www.easy-forex.com/Gateway.aspx?gid=26282
Thx
Sherif G.s
@nagendrarai007 (32)
• India
29 Mar 07
Forex trading is similar to Stock/Share Trading. In forex trading you buy/sell currecy pair such as USD/GBP, USD/AUD, GBP/JPY etc.........
For more detail abt forex trading. Plz Visit
http://richbuddy.blogspot.com/