Forex Trading

@moorange (319)
Philippines
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.
2 responses
@uiskana (138)
• Malaysia
5 Nov 09
Yeah euro and US currency pair is really nice. Too bad my forex knowledge still low... Still in training and i dont want risk in real trading because forex can lose big money...
@moorange (319)
• Philippines
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.
@valorz (11)
• China
16 Dec 09
check the second site from my profile. this site is the cheapest one. and during the christmas,it has an event that will reward 50$ if you deposit your first 100$.