Online Forex Brokers!
By ionsquare
@ionsquare (530)
Singapore
November 8, 2008 2:03am CST
There are many online forex brokers around. Which forex broker are you using? Please share your valuable experiences of trading forex online. What are their minimum initial deposit amount? There are brokers around that provide the advantage of trading forex from as little as $1 but are they reliable?
2 responses
@shadow123m (35)
• United States
17 Nov 08
I've been using easy-forex.com i love how they have tools to help you. And you can see what percentage of the people there are trading what currencies. :)
@ionsquare (530)
• Singapore
17 Nov 08
Hi, you mentioned that one can see what percentage of the investors are trading what currencies through the trading platform. Do you follow the investing patterns of others or you did your own research? What other guidances do you use while you trade forex? there are some websites or programs that provide trading signals and do you use them?
@shadow123m (35)
• United States
17 Nov 08
I just look at the new's to see how things will affect currencies and i do use the percentage of what other investors are doing only as a guideline but mainly go my own way but mostly graphs and real time currency tables that tell u wen and how much a currency has moved.
@earncommunity (1183)
• India
15 Nov 08
i kinda had some success with forex. I've been trying out few brokers and currently satisfied with etoro. http://www.etorofx.co.cc/. You can download their free forex platform and play with virtual money before investing real money.
Minimum deposit is $50 but i recommend that u start atleast with $100 coz 50 can finish in very short time. 
With $1 u cannot expect to get lot of profit... u need lot of money to trade forex and profit from it.
forex canbe bit addictive... you can make lot of money but at the same time its easy to loos a lot in a short time aswell. So all i say is be careful before investing real money and practice a lot with virtual money.
With $1 u cannot expect to get lot of profit... u need lot of money to trade forex and profit from it.
forex canbe bit addictive... you can make lot of money but at the same time its easy to loos a lot in a short time aswell. So all i say is be careful before investing real money and practice a lot with virtual money. 
@SeishiroX (1093)
• Philippines
17 Nov 08
Profits may be low with a $1 deposit or less than $50 generally, but it is also safe for those that are just starting like me. I'm planning to sign up to a $1 forex broker just for practice then when I get the hang of the trade, I can start trading in large amounts. The rule has always been "Avoid investing in amounts more than what you can afford to lose." For beginners, they can only afford to lose small amounts, so...
Well it just depends on a person. I'm a risk-taker, so I'd normally risk it for business. Cheers~
