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  • how much money do you need to get into forex investing?
  • How is investment in gold?
  • Is gaining 20% compounded trading forex each week possible?
  • I am looking for an investment which can give more returns and also safe.?

The foreign exchange market is one of the hottest markets for speculation because of its proneness to currencies going in powerful trends, large size and liquidity. These traits will apparently give traders an ability to experience incredible success. Then again, there has been limited success largely due to the reasons outlined as follows.

A lot of traders arrive with unrealistic hopes for prospective profit and don’t have the self-control needed for trade. Short-range trade is certainly no venue for the newcomer, and it isn’t a “get rich quick” scheme. Even while currencies like equities and futures might look out of the ordinary or not as recognizable as the conventional markets, there is no deferral on the policies of common sense or finance. A person should not anticipate making large profits without taking sizable leaps that some may be considered risky. Read more

Question by Jack: how much money do you need to get into forex investing?
hi, i have seen an ad on the net that says that you can start with a minimum of 5 dollars investment to get started on forex. …
thanks for your experienced advice.
Jack

Best answer:

Answer by First Place Turtle
Some forex brokers allow you to open a forex broker account with as little as $ 1. Oanda FX Trade is one such broker.

If you’re starting out, don’t risk any money yet. Take a LOT of time educating yourself on how to trade. Even after you learn some trading strategies, practice on a demo account first (most brokers offer this, too). This way, you’re paper trading fake money.

Even after that, and you think you’re ready to trade with real money, start off with a *micro lot* account. This way, you’re risking pennies instead of dollars.

Forex trading is extremely risky, and it would be highly prudent to approach it with a high degree of conservatism.

Good luck!

What do you think? Answer below!

Question by : How is investment in gold?
So this is my second question here guys.And maybe as the answers I get online forex is not for newbies.Understood…Then how about investment in gold and stuff like that?Looking at a long term investment where I don’t play with money everyday but keep putting in whatever I earn?

Best answer:

Answer by zuma
China’s supposed “Soft Landing”,..Is turning hard and directly related to Gold Prices,..all the other excuses are salesman’s bull$ ht..including your source..

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Question by William M: Is gaining 20% compounded trading forex each week possible?
I have been trading forex with FX Express for a few months now and I’ve been experimenting new ways to make money with it and what I’ve been doing has made me 10%+ a day with my practice account, but to be more realistic for when I come to put in real money when I turn 18, could I make 20% each week to compound my investment and become a millionaire? Has this ever been done and is it possible to do?

Best answer:

Answer by Doctor Deth
there are no guarantees in life and you could just as easily LOSE 20% in a week and then you would have to make 25% to get back to the same spot and don;t forget you have to pay income tax on your profits

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