How do I start currency trading?
March 27, 2009 by Currency Trading Tips
Filed under More Currency Trading Answers
Can you answer Curious About Girls’s question about Currency Trading?:
How much should I start of with?
What Kind of news should I look out for?
Forex Trading Strategies
How much should I start of with?
What Kind of news should I look out for?
Forex Trading Strategies
Currency Trading Feedback: 92% who are currency traders lose money !!! Feel lucky today kid ????
Currency Trading Feedback: Visit this site and search for online trading or finance page and you can start with little money like $200 US like that !
Currency Trading Feedback: Some of the better currency trading sites are:
Most of these companies allow you to start trading with around $250USD however you should probably start out with a free practise account until you learn how to trade profitably.
If you want to trade news, probably look out for interest rate decisions and non-farm payrolls
Hope this helps
Currency Trading Feedback: I was asking the same thing!! Please contact me and let me know when you find out! Thanks!
Currency Trading Feedback: Better trade in SHARES!
Currency Trading Feedback: well i can say that you have to do some thing like looking for money to start it then you will from there make more headway, thanks
Currency Trading Feedback: yahoo finance
Currency Trading Feedback: you can go to the bank and talk to then, it takes about 3 weeks though
Currency Trading Feedback: I’ll trade you this $1 for a $100.
Currency Trading Feedback: It is a very risky venture, but there is one way to make it slightly less so. Instead of looking at face value, look at the collectibles market for old and unusual bank notes and other currency. There is a rich history in paper money, and there are quite a few collectors. Read up about it, and then see what you can find of well-preserved old bills from your own country, and trade with people in other countries. Look for information first, currency second.
Come to think of it, that is not a bad plan even if you are dealing in face value currency.
Currency Trading Feedback: Shoot your brain out and it might work.
Currency Trading Feedback: well i think u should trade in shares not in currency
Currency Trading Feedback: Sahara casino in Las Vegas will trade your foreign currency to American.
I think the Euro is stronger than the US dollar still! Or is it Canadian money stronger?
Currency Trading Feedback: Very carefully! Study up on it and find an on-line site that allows you to “test” your skills at trading before actually doing a live trade; you have to be very well read on the subject and know everything about the NEWS…not just what’s happening today or tomorrow, but months down the pike…Good luck and don’t invest too much or you will be sorry until you get the hang of it (if you ever do).
Currency Trading Feedback: Buy Yuans.
Currency Trading Feedback: Yo a straight $5,000 will be good. plus some sort of trading software. Not to mention that you need a cable of DSL connection. Its hard, but if you get good good you will be on easy street.
Currency Trading Feedback: You could start by giving me $100, and I’ll give you $1.
Welcome to currency trading 101.
Currency Trading Feedback: check the links below!
PS: Good luck
Currency Trading Feedback: I would advise you to stay away from currency trading in general. It’s pure gambling. However, you can deposit some money in a bank in Germany, say, and watch the exchange rates. The dollar will keep losing value in the next ten years, and you can then bring the money back to the USA and claim your profit. Remember there are tax consequences.
Good Luck
Currency Trading Feedback: have the trade with for-ex trading.
Currency Trading Feedback: look, currency trading isn’t like the infomercial on TV. money is made in trading currency when you can invest substantial amounts of money. in another business you would need to make 20-30% profit. in currency you may onl;y realize a few %, but 5% on $10,000,000 is substantial, especially if you’re in and out in a matter of hours. how much can you afford to lose? that’s how much you should start with.
Currency Trading Feedback: Highly risky.
I tried it with 4xmadeeasy software- it was a fraud!
Even experts in this field are only gambling.
Currency Trading Feedback: u should start w/ as much possible, give it to me and i will take care of the trading…..like trading for clothes, cars, shoes, houses…whatever u want…..
Currency Trading Feedback: twenty four dude twenty four
Currency Trading Feedback: start jacking off insted
Currency Trading Feedback: Go 2 this site . I heard its good, never used it though
Currency Trading Feedback: For mechanics, use xe.com. For luck, see above.
Currency Trading Feedback: start out with lowest amount so in case you lose it : it wouldnt hurt soo much
Currency Trading Feedback: Currency Trading is a highly lucrative, highly risky business. the first thing you should remember is that currency trading is a zero sum game. 90% of all traders lose all their money in the first 3 monthes.
if you still want to try out currency trading after this. then I suggest the following.
1: read as much articles about forex trading and economic news.,, is a good place to start.
2: never start with real money. it is best to start a demo account with one of the many brokers out there. my favourite is
3: once you are comfortable with the trading software your broker provides, I suggest you start building a trading system. A trading system is a set of rules that you adamently follow that gives you signals on when to enter and exit a trade. good sites would be the forums.
Remember the biggest obstacle you have to overcome in becoming a good trader is fear and greed. trading currency is more of an art of controlling your emotions rather then reading charts.
Good Luck with you trading ventures