Stock Markets Exposed
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:http://learnforex.iblogger.org/ 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? http://learnforex.iblogger.org/ Thanks
Public Comments
- There are many places where you can learn about forex trading. Most are free. If you join any brokerage company they would likely also have such material for members. Once you open an account you can also trade on paper to practice. I would say it's best to do it until you are confident. Make use of aids and software to help you. I find they make a world of difference to me. You can get free software but so far I see the good ones like Forex Killer, Forex Assassin etc are not free. Anyway, they are not really expensive - most are just $50 to $100. For a forex player, it's not a big amount. I personally made a lot from Forex Killer. Commissions vary on type of accounts, size, brokers etc. Forex involves leverage so you must know what you are doing. Also trade not in an emotional way. Use all the tools you have and you can make a good income regularly. Yes, there are more scam people in forex than anywhere else that I know but there are also many legitimate ones. Forex is one of the biggest trading market in the world.
- Go to www.forexautoprofits.com
