how to start in forex trading?help friends
By warrior007
@warrior007 (570)
India
August 7, 2011 12:33pm CST
i have heard about forex trading but actually dont know what it is?
Is it need any initial investment please tell me in brief..!
2 responses
@ravisivan (14079)
• India
7 Aug 11
warrior -- Trading means buying and selling/. You must buy anything at a lower price and sell at a higher price to make profit. In forex trading u purchase and sell foreign currency. It is a big ocean. I am giving a link and u read in detail.
http://www.forex.com/
However this is not the right time to enter forex especially on account of USA's credit rating having gone down and the entire world is waiting what will happen on Monday market.
@warrior007 (570)
• India
7 Aug 11
thanks for your best advice i would take help from you in future ...this help me alot before that i dont know what is trading ..
Have you done trading in past?
@ravisivan (14079)
• India
7 Aug 11
No. I have not done any trading. I do not believe in making money through such work.
@warrior007 (570)
• India
7 Aug 11
ok,but if i do so in future you would help me ?
I have heard about it from my friends and atleast i would try this once ...i am a student and desperately wanted to know what it is actually?
@greenline (14838)
• Canada
7 Aug 11
I have been thinking about it too. I do know that forex market is a very fluctuating market, and the risks are high. One needs to study the market, the trends in the market, thoroughly first before venturing into it. Yet, of course, some people are doing very well !
@warrior007 (570)
• India
14 Aug 11
yes you are true we need to try atleast once even if there is a chance of loosing but no one can surely say that what is going to happen in future also if there is a probability of loosing there is also the probabilty of earning some good money.so i am going to try it atleast once.
