What is the minimum I need to start with when trading online $?
Thursday, January 2, 2014
, Posted by Ryanita at 6:59 PM
steve
I was thinking 200 but it looks like trade charges would eat that money up in no length so now im thinking more along the lines of 500?. Also I'm thinking of trading with forex thoughts?. Is there any hidden charges I should know about with forex?! Thanks
Answer
Take the $200 and invest it in 6-12 books on trading. If you still want to do Forex than after that read 2-3 books on Forex trading. Why you would pick one of the hardest markets to start in is a mystery to me. Especially a market known for scams and less than honest brokers.
FOREX is nothing but hidden charges.... the spread is the charge (although they all advertise "no commission")....... you'd be better off with a commission than the "spread".
Even if you jump into an easier type of trading (like stocks)..... short term trading kills portfolios. 95% fail at short term trading. Increase your odds..... learn this stuff before you open an account.
Take the $200 and invest it in 6-12 books on trading. If you still want to do Forex than after that read 2-3 books on Forex trading. Why you would pick one of the hardest markets to start in is a mystery to me. Especially a market known for scams and less than honest brokers.
FOREX is nothing but hidden charges.... the spread is the charge (although they all advertise "no commission")....... you'd be better off with a commission than the "spread".
Even if you jump into an easier type of trading (like stocks)..... short term trading kills portfolios. 95% fail at short term trading. Increase your odds..... learn this stuff before you open an account.
Hi Can you refer me to a site with free downloadable ebooks on candlestick pattern analysis in forex. Thanks?
cecilgamin
I have an interest in medium term forex trading and to use candlestick patters for the purpose. Can you folks help please. Cecilgamini
Answer
Hi Cecilgamini,
Statistics show that most people end up loosing their money within the first 60 days of investing in the Forex (including myself). I had tried just about every Forex program, signal service, candlestick analysis, and spent countless hours trying to study charts and read graphs and almost gave up altogether trying to invest in the Forex market until I accidently ran across the FreedomRocks strategy. Which has been the only profitable system Iâve ever used. It's a very safe hedging system, the software does 95% of the work, and it takes me about 15-30 minutes per week to manage my account. Itâs simple and easy to understand and by far the best investment choice my wife and I have ever made even better than stocks and real estate. I would be more than happy to share our results with you so feel free to email or call me anytime.
Best Regards,
Brandon Wells
Ph:877-773-5345
www.yourforexinvestor.com
Hi Cecilgamini,
Statistics show that most people end up loosing their money within the first 60 days of investing in the Forex (including myself). I had tried just about every Forex program, signal service, candlestick analysis, and spent countless hours trying to study charts and read graphs and almost gave up altogether trying to invest in the Forex market until I accidently ran across the FreedomRocks strategy. Which has been the only profitable system Iâve ever used. It's a very safe hedging system, the software does 95% of the work, and it takes me about 15-30 minutes per week to manage my account. Itâs simple and easy to understand and by far the best investment choice my wife and I have ever made even better than stocks and real estate. I would be more than happy to share our results with you so feel free to email or call me anytime.
Best Regards,
Brandon Wells
Ph:877-773-5345
www.yourforexinvestor.com
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