Forex Trading: I Like to start a micro account with 25$.I wil be happy if i earn atleast some 1 or 2 $ a day,?
Forex Trading: I Like to start a micro account with 25$.I wil be happy if i earn atleast some 1 or 2 $ a day,?
are there any chances that i lose al my money..that is 25$???
advice me please…
i am a student and i wont be available during day time..so i cant trade myself in shares..
so i opted for forex for now..
but which is having more chances..losing 25$ easily or gaining atleast 1 or 2 $ per day???
Even in this..i may work for just 1 or 2 hours during nights..but if u insist with ur advice..i wil definitely work all night if u say that continuos forex trading for very low profits(that is 0.1 or 0.2) wil gradually increase our gains…
one more doubt..each time we sell or buy..are we paying anything extra like we do in share trading(brokerage costs,taxes…etc)
Thanks in Advance !
yes you can lose all your money and no it is unlikely you will earn a steady income day in and day out. if you could do this, professionals with much more money would already be doing it on a bigger scale and taking away your chances anyway. there is no sure thing in speculating and trading, forex included. there are NO guarantees when it comes to investing.
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no-name 21st December 2009
yes you can lose all your money and no it is unlikely you will earn a steady income day in and day out. if you could do this, professionals with much more money would already be doing it on a bigger scale and taking away your chances anyway. there is no sure thing in speculating and trading, forex included. there are NO guarantees when it comes to investing.
aaron 21st December 2009
Buy low and sell high. I made $70 with GSI and $30 with MSFT. These two stocks are down a lot now and I put more money in, instead of panicking. Do your home work and research to see what is a great company to invest your $25 in. You should read Stock Investing for dummies or How to Make Money in Stocks.
Hermoderus 21st December 2009
Think of it in these terms:
A $1 daily profit on a $25 account represents a 4% daily return.
There are approximately 250 trading days in a calendar year.
1.04^250=18,127, or a 1,812,700% annual return.
Do you believe that whatever trading strategy you are contemplating can actually generate nearly a 2 million percent profit margin? If so, by all means open the account.
Suzane P 21st December 2009
Hi there,
There are many brokers available which can provide you these facilitis like AVAFX, Finexo, Etoro, instaforex, ACM, Saxo Bank etc.
I would just like to suggest you to get all doubts cleared from the brokers which you like to join in order to avoid any confusions later on.
Regards
Shahid Gautam 21st December 2009
Like any relationship, you have to know both sides. Success or failure in forex trading depends upon being right about both currencies and how they impact one another, not just one. When starting out trading forex online, it is essential that you understand the basics of this market if you want to make the most of your investments. The main forex influencer is global news and events. For example, say an ECB statement is released on European interest rates which typically will cause a flurry of activity. Most newcomers react violently to news like this and close their positions and subsequently miss out on some of the best trading opportunities by waiting until the market calms down. The potential in the forex market is in the volatility, not in its tranquility.
Alyssa 9th April 2010
Yes there are charges like brokerages etc. You may find these eat into your profits so much that you will need more than $25 to get started with. have you tried some of the paper trading sites? Doing that will let you know if it is worth investing a reasonable amount or not.
Share tips 30th April 2010
i toltally agree with buzzingstreet
regards
Share TIPS Expert TEAM