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  10-Aug-11, 23:37   #1
forex 0 
holtland 

Joined: Jun '11
Location: Netherlands
Age: 54 (M)
Posts: 434
Dos any one else on here trade the the Forex market's

I do and I love it ,

So tell your tips and I will tell mine.....Do you do???????????

     
  11-Aug-11, 03:45   #2
  0 
Jibberish 

Joined: May '11
Location: Canada
Age: 30 (M)
Posts: 979
could you explain more into what the Forex market is, im sorry ive never heard of it

     
  11-Aug-11, 13:52   #3
  0 
holtland 

Joined: Jun '11
Location: Netherlands
Age: 54 (M)
Posts: 434
Posted by Jibberish:
could you explain more into what the Forex market is, im sorry ive never heard of it

Forex Trading is trading currencies from different countries against each other. Forex is acronym of Foreign Exchange.

For example, in Europe the currency in circulation is called the Euro (EUR) and in the United States the currency in circulation is called the US Dollar (USD). An example of a forex trade is to buy the Euro while simultaneously selling US Dollar. This is called going long on the EUR/USD.


That is the basic's of it ....there are some brokers or market makers out there that offer small no deposit bonus to try them out but not many.

But most if not all offer a pratice account go for an micro or nano account that uses the metatrader 4 platform.

Some of the best brokers will not let you open a live account untill you have been active on a pratice account for about 3 or 4 months unles you are a pro trader like Nick Leeson Big Smile joke

     
  15-Aug-11, 10:25   #4
  0 
smokim 
Joined: Apr '11
Location: Canada
Age: 32 (M)
Posts: 79
been almost a year trading in forex one of the best ways to earn cash if you know how to trade.

     
  15-Aug-11, 19:32   #5
  0 
tOxIcFiSh 

Joined: Jun '11
Location: United Kingdom
Age: 63 (M)
Posts: 318
What the hell is the forex market is it like spread betting on betfair or some such, to be honest i never heard of it so do tell us what it is about

     
  16-Aug-11, 19:35   #6
  0 
shoveandtilt 

Joined: Jan '10
Location: United Kingdom
Age: 32 (M)
Posts: 543
Trading currencies t0xic. buying a currency for a currency then re-trading said currency for hopefully more than you bought it for. 2 general ideas are buy and sell quick, and trade lots, or buy a lot and then wait for a longer term. Watching and analysing trends in the market is the key... short term is best imo especially with the fragility of the markets atm. holt, ive been playing around for about half a year, my old poppa used to work in the city and passed me a few tips. Generally, set yourself a target for each currency, always trade in 1/75 > of your total sum, play it like a job, really do your research or market and trend evaluations, and keep an eye on the politcal stability of the country you intend to trade currencies.

     
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