- I’m going to be a foreign exchange student where should i go and where would i get the best currency exchange?
- With about $5,000 to invest, should I go with stocks, real estate, or foreign currency.And how do I start?
- Should I take my bank account and invest it in a foreign currency?
- Which foreign currency should I invest in–with the tanking dollar?
- Would like to start to invest in the stock market can anyone please help or point me in the right direction?
- How should I invest in foreign currency?
- I want to learn everything about how to invest in foreign exchange, where should I start?
- I would like to start trading stocks online but i don’t anything about stocks or shares. some advices?
- I’d like to trade gold futures or options, but where should I start?
- I would like to start buying and selling stocks online and am only 16 how do i do it?
- Looking ways to invest. Never bought stocks or done investing. would like a simple lesson on short term inves
- are the currency appreviation like USD or GBP should be written infront of the amount or it’s not a real rule
- I know nothing about stocks but I want to learn and invest. Where would I start?
- best stocks to invest in the beginning of september. I would like two different ones.?
- Should we buy foreign currency in an economic crisis?
I would like to start to invest foreign currency -.where should i begin??
07
Mar
Spock (rhp)
March 7, 2010 at 4:01 pm
with yourself.
I’ve been learning about market trading for about 10 years. [market trading = stocks, bonds, options, futures, forwards, forex, options on futures, commodity options, etc.].
One teacher whose opinion I respect highly, because it is based on more than 20 years of studies of successful traders, concludes that trading is 60% psychology, 30% money management, and 10% everything else.
He also used to comment in his intro programs that 49 new traders out of 50 will leave the markets within two years after having lost some, all, or more than all of their trading capital.
98% failure rate is pretty stiff.
Since I’m a customer of Dr. Van Tharp and do not profit in any way from sales of his materials or programs, I feel free enough to cite his website http://www.iitm.com
You could do a lot worse than to subscribe to his free weekly newsletter and spend $25 for his cheapest intro book.
Viking Brethren
March 7, 2010 at 4:50 pm
Education of course.
But before I give you some sources you must answer for yourself this :
Do you want to Invest ( defined as longer term with a larger tolerance for loss ) or Trade ( defined as short term with a small tolerance for loss ) ?
When you begin the education process you will discover that most of the small investor activity in the foreign currency market place is done in the Forex, and requires a good understanding of such Principles and Money Management and Reward to Risk Ratios and Fundamental and Technical Analysis and Emotion and Psychology of the Marketplace among others.
Anyways, here are a few sources to help you figure it out :
gftforex.com
fxcm.com
bettertrades.com
jamesdicks.com
pristine.com
VP
March 7, 2010 at 5:15 pm
Hi,
I could introduce you to one of forex broker leaders that is located in SWITZERLAND and Regulated by the Swiss Federal Department of Finance; audited by KPMG.
They have very tight spreads. Total 25 currency pairs Gold and Silver.
SPREADS:
2 pips for EURUSD, USDJPY, AUDUSD, EURGBP, EURCHF;
3 pips for GBPUSD, USDCHF, USDCAD, EURJPY;
4 pips for CADJPY, CHFJPY;
5 pips for NZDUSD, AUDJPY;
6 pips for EURAUD, GBPCHF, NZDJPY;
7 pips for EURCAD, GBPJPY;
8 pips for GBPCAD, GBPAUD, AUDCHF, CADCHF, NZDCHF;
10 pips for AUDCAD, AUDNZD.
LEVERAGE 1:200 default but client could chose the leverage from 1:1 to 1:200 at the account opening procedure.
MARGINS. The margin or leverage a client can have depends on the client’s account equity. The table below shows margin requirements for the different equity levels:
Less than 25,000 – 0.5%
25,000 to 1,000,000 – 1%
1,000,000 to 5,000,000 – 2%
5,000,000 to 10,000,000 – 3%
Above 10,000,000 – 5%
Please note that on weekends and holidays margin requirements remains the same.
SWAPS are counted as negative as positive. Also is available swap-free accounts.
STOP and LIMIT orders may be placed as close as 5 pips from market price
TRADING TERMINAL Meta Trader 4.
Clients can choose to have their accounts denominated in either USD, EUR, GBP, JPY, CHF, AUD or CAD.
Initial account opening deposit from US$2000. From first view it probably looks high comparing with other brokers who allow mini accounts and minimum initial deposit from USD250 but it is more useful and safer because clients are more protected from quick stop out and total loss of the initial deposit in the case if unfortunately it would be several unlucky trades in rage.
This is regular forex trading account however it is allowed trading in mini lots (from 0.1 lot).
If you are interesting I could introduce you to them please e-mail or PM me (press on my name) and I provide you with further information. Furthermore I could provide you for FREE with more than 50 trading e-books and trading systems that worth more than several thousand dollars and are very useful as for beginners as for experienced traders.
Good luck!
yeohbiz
March 7, 2010 at 5:24 pm
First of all before you begin investing, I think you should be aware of the risks involved. This market is very volatile, which means there are big profits to be earned and also big losses to be endured. So get educated and know it well. The psychology of this market is the main driver. Search for online brokers and open a demo account to practise trading. There are quite a lot of them and each of them have their own unique offers for you to choose from.
bijak_sinner
March 7, 2010 at 6:22 pm
Member since: April 14, 2007
Total points: 448 (Level 2)
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Using the Mtpredictor’s technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY & USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we’ll straight away post the signals here in real-time if there’s any triggered) 1 hour, 4 hours & daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency & timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That’s why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net..
fxtrader624
March 7, 2010 at 6:23 pm
Grace
try opening a managed forex account in a company like Radiant capital advisors.They manage products that trade currency.
Good luck