November 4, 2009 8:45pm CST
Does anyone currently engaged in forex trading online? Which site is the best or better than the other you could recommend for forex trading? What currency pair is good for trading? At the moment I have a practice trading account using euro and US currency pair and trying to understand the basics and studying the trend of currency fluctuations. I believe forex is a good way of earning nice profit for some investment and compared to bank interest. But you can lose the money if one doesn't take care of (agressiveness for bigger profit) properly in trading.
5 Nov 09
Hi uiskana! Yes forex is risky, you can gain big profit and lost big also. That's why I go first with practice account, have a further study or analyze the currency pair fluctuations including the best time to trade. I guess there's no perfect formula to avoid losing money in forex (aside from the brokers that in the end still make the money), but I believe getting yourself focused on low but long term profit with least loses will keep you going in forex trading.