Do you think doing those $1 forex trade online can help you to make money or no?
September 27, 2011 6:53am CST
There are many website online promotion that says you can just use $1 for forex trade online. They even provide an online calulator for you to find out how much you will make when you put in more money?It really sounds as easy but it does look like a scam to me.It would be nice if there is really a program that you can earn money that fast online and it is not a scam? But I wonder where do we get program like this. If you know about it, please let me know?
27 Sep 11
Hey wildlittlefan, I haven't tried any forex trades online since I really don't have enough knowledge about the stuff. Though I do believe that anything that requires minimal investment and promises hundreds of thousands of rewards is scam. Just be careful where you put your money just in case. myLot is a great place to earn anyway. :D
27 Sep 11
May not be a scam, but the thing is $1 is not enough to be successful in forex. You need a bit of capital to make anything. If you start with $1, I think you can only invest once, in one currency and if it goes down, your money is gone. If you start with for say $50, you can invest, 5% of it at once. This is the way to profit. I would say, keep away from forex unless you think you are very very lucky (though, luck doesn't help much there) , or you are willing to study forex. It takes a lot of time, practice and experience to be successful. But once you got it, you are the king ;) Good luck