I have heard a lot Trading" href="http://autopilotforex.net/about-forex-trading/"> about Forex Trading recently and how you can start with a small amount of cash. Is there any free online courses or more information available. Well, I have your answer. I just wanna say. The guy about me doesn't know much Trading" href="http://autopilotforex.net/about-forex-trading/"> about Forex Trading , but talks as if he's an Advice expert. The Advantage of Forex Trading is it lets you decide how much margin you are willing to use. If you choose a margin of 100:1 or anything higher, that's gambling. If you choose anything below that margin and play very carefully with your money, you can make any very nice returns. How does 30 percent a week sound? For starters, start out with as little money as possible. Why? You are bound to blow several accounts before you actually get the hang of it. Game accounts are good too, but the only problem with game accounts is you will probably not take it as seriously. Start out with an account of maybe $400. If you profit from there, Great. But even if you lose that money, at least you won't cry over it. I am currently making a consistent 40-50 percent return a month on Forex with a 50:1 margin. THAT's HUGE. If I was trading without margin, that would be about 1percent. LOLX. I’mproper money management = gambling. Make good use of that margin, and you'll be rich. Just do the math. $2500 x (1. 40)^12 = Profit in 1 year. Profit in 1 year x (1. 40)^12= MILLIONS. All it takes is two years to become a millionaire in Forex. The only problem is only 10percent of people succeed, the other 90percent fail. Good Luck
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try this the site at the bottom you can set up a practise account with forex, I’ve one. Just sign up first, u don't give any account details to them signing up to the practise account. Good Luck and make same money
This site has any good reading on the Forex.
FOREX is very risky because they offer you substantial margins and call it an advantage.
For example, if I buy a stock on the stock market for $100, and it goes down $1, I lose only $1 on paper, and if it later goes up to $100 before I sell it, I lose nothing.
With Forex ,they give you 100 to 1 margin accounts, and even 200 to one.
With Forex 100 to 1 margin, you can invest $1,000, and buy $100,000 worth of currency. If the currency goes down by only 1% for 1/10 of a second, you lose all your money, and it does not matter if it goes back up. It is gone.
If you really want to trade currencies in Forex, don't use margin and you can't fall into that trap. Of course, you will only make 1/100 as much money. Ooo, what a diabolical trap.
The odds are that only 50% should make money with FOREX trading, but only 10% make money at FOREX trading. A 90% failure rate is really bad.