March 3, 2010 5:51pm CST
Does anyone here have any experience wit forex? If you do pleas share it with us. Thanks myloters, have a great day!
• United States
4 Mar 10
The Forex also known as Foreign exchange of curreny's well to be completely honest I have a little experience I traded somewhere around 100$ and lost in about 5 minutes it looked really good. I would just find a currency that you want say the philipine paso buy it in hard cash so you hold it in your hand wait for the price to go up and sell it back to the foreign exchange the higher the number you can get say the "italian lira" that once traded for 2000$ of lira to 1$ us currency not very strong but say it goes to 500$ Lira to 1$ you just made 3$ for every 1$ invested. Check on the particular country to see how there doing not every country can do as well as another. i would look into Japan's Yen or the Paso right now just cause if the Yen is trading for 100 to 1 and I've seen it at 70-1 if your confused feel free i'll help as much on here as I can but sometimes have a tendency to go on and on.
4 Mar 10
Thank you so much for the idea! I am also interested in FOREX. In fact, I'm searching online for knowledge and techniques, as well as sites to start investing. I have evaluated some tools like OmniForex, and others... They're good! I'd like to ask, how did you do that (?), I mean your FOREX investing..? Are you doing it purely online? Or, since you are from the Philippines, is there a need to visit offices and do transactions there? Or, can we do it purely at home using the Internet? I want to know this because I live very far from Manila. I'm from Cam Sur province... :)