Answers
Am trying to start trading in foreign exchange but i have less information about it,can anyone please help
This info has provided me with the most of the information I currently know. Anyway, if you want some extra help take a look at this site at http://v7v.blogspot.com/
Thanks in advance.
Foreign exchange trading is not an easy market to master; expertise in the market comes only with extensive experience and it does not even ...
I can see how shares and bonds help to raise investment money the market in foreign exchange seems to leave whole economies open to plunder so surely there must be a benefit?
Free foreign exchange means that the value of assets will mark to market no matter what currency you use. You would not want to invest in a country where it was difficult to freely excusing the currency -- e.g. the Ruble back in Soviet days.
I am learning since a week now and seem so lost. The charts seem so hopeless. When to get in and when to get out, etc., etc.. Any hints?
James Dicks wrote, "Forex Made Easy". It's not a bad book for beginners.
I had a forex training account that used play money, but it expired after 30 days. I have looked at several others but they all expire after 30 days as well. I don't feel I am ready for a live account, does anyone know of a place that will allow a "play account" that is either not limited on time, or allows for longer than 30 days?
I had one with manfinancial (used to be called refco canada)for longer than 30 days... about 1 year ago. I don't know if they still do.
You could always open a new demo account after the 30 days is over and you can continue doing this forever with some brokers.
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How we earn commissions in forex trading online. Can you please advice about the websites offering this facility and how we can start their? what should be the minimum investment required? What is the scope of this business?
There are many different on-line forex trading firms most offer mock accounts to try before trading with live accounts. Minimum investments are anywhere from $200 to $10,000. I use CMS Forex http://www.cmsfx.com/, but there are many different companies. Most of the trading firms don't charge commissions, as they make their money on the spreads. Many different books exist on Forex trading. I suggest starting with: Forex Made Easy: Six Ways to Trade the Dollar, by James Dicks.
Warning: Forex trading is very difficult, and because of the huge leverage that most traders use, you can lose a lot of money very quickly. Practice for several months before you trade with a live account.
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