what is forex

India
February 15, 2007 10:42pm CST
hey friends please tell me how to work in this feild?
7 responses
@lauczi (962)
• Poland
25 Feb 07
you can download a program where u can do it from ur home, it is called marketiva and no need to worry about anything, here's the link: http://www.marketiva.com/?gid=4468 . u get there $5 so u can start ur bussiness immediately. the payement is on e-gold. all the rest is for free. i recommend the program becoz i have already earned there $1, while my friend over $100. there is also virtual training so u can practice first. enjoy!
• Singapore
28 Feb 07
A lot of other MM offer free demos too. I would check out on the spreads of the MMs first. Cheers
1 person likes this
• India
5 Mar 07
what was that offer can anyone explain in detail?
• India
5 Mar 07
can anyo one explain me what is that offer
• United States
16 Feb 07
I'm Somewhat Knowledgeable But might not be of great help to you. Fores Is Basically the foreign Exchange, You Trade Money Based on what you think it's going to do. Someone will think the price is going down and short sell the money to you if you think the value is going up. What you Make in Earnings Is a Thing called A PIP. Can't Remember what it stands for but its a percent. If you want to work in this industry, You Should first try trading for free with FOREX.COM They'll be able to help you out just a little more then I can. You have to be very knowledgeable of what's going around in the world with other economies If I can be of anymore help let me know Jon
1 person likes this
• India
16 Feb 07
thanks, i need to try this
• United States
19 Feb 07
This is a heck of a good question. I actually signed up for Forex, downloaded the software and even had a personal consultant who contacted me by phone. During this process I had no idea what was being proposed. You're supposed to engage in buying and selling in the currencies markets, but the company and its consultants use a jargon that is alien to my ears. Forex looks like a complete, 100 percent gamble as well. You will earn money some days, lose it others, and the downside is considerable. In the end, I passed.
@haniam (10)
• Kuwait
20 Feb 07
Start by learning what is forex. Then open a virtual forex account and practice for at least 2 months When you are able to have positive results consistently in virtual account, you can start with a small real account. Working on a virtual account is different than with ral account, because in real account, you are risking some of your money, so your emotions will lot of time make you take bad decisions. So you have to practice a lot and to be very aware of the risks to control them. You can find helpfull informations about this on http://moneydrainer.tz4.com In all cases, do never risk money you can afford to loose!
@mandachow (186)
• Indonesia
24 Feb 07
Hi deshabhishek007, First time, don't ever think that forex is a get rich quick system. Second, you should learn to study it first. Third, trade forex with the demo account for 3-6 months. Fourth, Analize your trades, why you win and why you lose. Fifth, decide it, does you fit in this business or not? If it does, go for live trading. But if it doesn't, just leave it.
1 person likes this
• Singapore
25 Feb 07
If you are thinking about just getting rich overnight, then I can be of no help. Otherwise, get started by doing a lot of reading - whether you prefer tech or fundamental analysis. And yes, pull up a chart and FEEL the chart. Feel the price ticking live when real trading is happening and see if it is something you like. :)
1 person likes this
• Al Mansurah, Egypt
19 Feb 07
forex , is a forign exchange market, , it is a place which you invist your money by exchang your money