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Show me another »What its the Forex? and its true that you can make money on it?
Am looking forward to build a secure invest on the internet and i hope somebody helps me.....
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Forex or foreign exchange is the simultaneous buying of one currency and selling of another. The currencies are traded through a broker or dealer and are made in currency pairs.
Some popular trading pairs are the Euro / US dollar, Japanese Yen / US dollar or US dollar / British Pound.
It is true that you can make money with forex however it must be said that only about 5 per cent of small time traders are successful.
That does not mean you cannot be a success. Use practice accounts for as long as you can and don't rush in thinking you will make money.
Some popular trading pairs are the Euro / US dollar, Japanese Yen / US dollar or US dollar / British Pound.
It is true that you can make money with forex however it must be said that only about 5 per cent of small time traders are successful.
That does not mean you cannot be a success. Use practice accounts for as long as you can and don't rush in thinking you will make money.
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Other Answers (7)
- Forex is the short name for - Foreign (Currency) Exchange. You can trade world currencies just like you can buy and sell stocks. Most investors don't start out trading the Forex. They first learn to trade stocks.0% 0 Votes
- That sound interesting. I'm looking for it too. Since i found that it is not easy to make money online.
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http://nheanpiseth.blogspot.com/0% 0 Votes - I know Forex. I have been taking the 30-day practice version. Its quite easy but confusing. I have a little knowledge on Forex, especially my father who is now using the Live Version. It depends on how you play it. You play it smart, you earn it. :D
If you want to try other home business, you can try this too... http://www.slashmysearch.com/earn/id/34014
This website is cool. I am still searching for more... :D
Good Luck with Forex.0% 0 Votes - Foreign Currency Exchange (Forex) where you buy foreign currency for less and sell it at higher exchange rate and earn profit.
It is a risky business but with experience and proper knowlege you may be able to earn a living out of this.Source(s):
0% 0 Votes - Wow.... the answers you've received are, for the most part, stupid or ill informed.
Forex (FX) is the trading of currency through brokers (on-line) who have succeeded in marketing this as an "anyone" can do it investing.
What they don't tell you is that 96% of all new traders lose most to all of their accounts in a short period of time.
If you're really interested... Take a year or two to understand FX and the skills needed to suceed.
Consider yourself warned..................0% 0 Votes - Yes you can make money in the forex market and you can also loose a lot of money. If your just getting into fx trading education is a must, check out http://www.babypips.com to get a better understanding and overview of the market.
You'll also want to consider using a trading strategy that limits the volatility in your account, check out this article at Gather for some good information about an effective hedge strategy: http://www.gather.com/viewArticle.jsp?articleId=281474977221666&nav=Namespace0% 0 Votes - Yes, the Forex is the biggest market in the world. It stands for Foreign Exchange Market
Read more here: http://en.wikipedia.org/wiki/Foreign_exc…Source(s):
my website (you can register for the newsletter): http://www.forextradinglandpro.com0% 0 Votes
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