Posts Tagged ‘scam artists’
Newbie to Forex?
I have been investing in the stock market for several years, but recently Forex has caught my eye with claims of huge profits, and I have some questions:
1. Is there a site with free tutorials about Forex, the same way Investopedia.com has for stocks? Is there a Forex simulator where I can try it out using fake money?
2. What kind of initial investment does Forex require? What are the commissions/fees like if any? What is the average return (%) for most Forex investors?
3. Where/how do you open up an account? (I’m Canadian.)
4. Is it a lot more speculative/luck-based than the stock market? (A lot higher risk?)
5. I’ve heard a lot of people talking about "systems", "software", etc that they are charging money for. Is there any free software I can get? Are most of the people involved with Forex scam artists or are there some legitimate ones?
Thanks
Also what are these "pips" I keep hearing about?
Since nobody has answered yet I went and found a great tutorial site on my own, http://www.babypips.com. It also offers links to brokers that offer free demo accounts.
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How to step up my Forex game?
Hola,
I’ve been trading Forex in a demo account for over 2 months now. I’ve lost everything once in the process, made over ,000 some days, etc. But I would like to research forex trading more to get more expert opinions. I’ve read the whole beginner’s guide on www.babypips.com (good resource for people brand new to Forex!)
Anyway I was just wondering…… are there any people out there famous for trading Forex full-time and being successful at it? Are there any widely-acclaimed books or articles or schools of thought? Keep in mind I’m not referring to "systems" you have to pay for, ie. scam artists.
My forex blog:
www.yarcofin.wordpress.com
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