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Question: Is this called forex?

(Posted by: Forex? on 2010-01-31 08:13:42)

Hi ppl, is goin to the local bank, checkin the currencies and trading there hoping to get some profit outta currrency trading, is this also called forex trading? what is exactly forex? btw, like the moethod i mentioned b4, is there a free way i can do that on the net? thanks yo

Posted by: Sela M on 2010-01-31, 12:51:26

Check out this site and download a free forex ebook and a free practice account as well. read, understand and practice a lot. all the best.

Posted by: William M on 2010-01-31, 10:13:50

Currency trading is called forex or foreign exchange, and is the trading of currency pairs, i.e. GBP/ USD or "Cable ". If you are skilled enough you can become a millionaire very rapidly if you trade forex provided you know what you are doing and know technical & fundamental anaylsis. If you want a good broker, there is a great broker I know of called FX Club which is the one I use, search it into Google/ Yahoo. You can open up an account with them for as little as $10 and they only charge comissions on profitable trades and require no shitty and expensive spreads like some money grabbing brokers do. Also, one word of advice, ignore all the promises of get-rich-quick scams such as "Forex Robots ", theyt are scams and don't work. Anyway, good luck!

Posted by: Blue FX on 2010-02-01, 21:23:50

Try reading up on the internet about forex trading. the best educational website I have found so far is babypips.com. Try searching it. It offers basic up to intermediate forex knowledge.

Posted by: ForexFoxy on 2010-02-03, 23:44:34

I have a few valuable forex trading web sites, in particular some of them relate to the issues of avoiding scams in this field. Many people have lost their money to get this information and you can get it without any damages to your budget. But I would not like sharing this information here lest it does not look like advertising these web sites. It would be better, if I send you these websites by email. So my email is forexsmarty@yahoo.com. If you are really interested in this information, I will be always glad to help you.