I went through some training, and afterwards trained myself on virtual cash. however after I thought I was good enough and I paid in real cash, I lost the whole stuff in the first month. Do people really make a living in this?

Answer
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.

Forex is similar to what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.

Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.

I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.

Read the warnings in the links below:

Reliable traders for forex trading?

Hi I am interested in online forex trading.Some sites look abit 'shadey' where can i find reliable reviews of different trading platforms and services? any reliable website? and other resources?

Answer
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus. There is no website where many players make money.

Forex is similar to what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.

Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.

I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.

Read the warnings in the links below:

Answer
Forex trading, short for foreign exchange trading, involves the buying and selling of the many currencies of the world. It does not operate via a central exchange site, like traditional stock market trading, and may, thus, fully function a 24-hour basis.
When compared to other exchanges, the trading market is the largest in the world, even beating the New York Stock Exchange (NYSE) by over a hundredfold, in terms of daily trading volume, most of which are conducted by private entities and individuals.
Because of the absence of a central exchange, trading happens between two parties directly. Buyers and sellers communicate and trade via the phone, the Internet or other communications networks worldwide.
In addition, trading forex is also speculative, meaning, they are based on expectations on whether a certain currency would rise or fall, depending on current market conditions. It is risky business, but the returns have often proved themselves worth the risk.

During what hours is FOREX open? Are there off-hours trading?

Very good info. I still need to the times. Closes about 5pm EST Friday... Opens.... 5pm Sunday? ...but I thought I remembered someone saying 24/6... still, I def remember people saying their services are avail 24/5...
it's 5pm EST and they just went back online. There's my answer - they're down from 5mp EST Friday to 5pm EST Sunday. omg I'll have weekends in my new career... when i get there...

Answer
Forex market is open 24 hours a day. It provides a great opportunity for traders to trade any time of the day or at night. However, although it seems to be not very important at the beginning, the right time to trade is one of the most crucial points to be successful in trading at the forex market.
So, when should one consider trading and why?

The best time to trade is when the market is the most active and therefore has the biggest volume of trades. More active currency moves will create a good chance to catch the trade and make some profit. A calm, slow market is literally wasting of time â turn off your computer and don't even bother!

Forex trading hours, trading time:

New York opens 8:00 am to 5:00 pm EST
Tokyo opens 7:00 pm to 4:00 am EST
Sydney opens 5:00 pm to 2:00 am EST
London opens 3:00 am to 12:00 am EST

And so, there are hours when two sessions are overlapped:

New York and London â 8:00 am â 12:00 am EST
Sydney / Tokyo â 7:00 pm â 2:00 am EST
London /Tokyo â 3:00 am â 4:00am EST

For example, trading EUR/USD, USD/GPB currency pairs would give good results between 8:00 am and 12:00 am EST when two markets for those currencies are active.

At those overlapping trading hours you'll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market.

i was wondering if i can open a managed forex account with a low budget and if it makes any sense and most important where can i do this

Answer
Be very careful with managed forex accounts Most of them Lose money I'm telling you because I've seen it. Just a precaution make an Extensive Due Diligence ask for at least 3 years of track record having in mind of course that past results don't guarantee future results. Have at least 5 to 10 possible managed account options so you can decide in the end the better one (if any).

What is a low budget to you? 5K, 10K? they are a few managed account that has a minimum 5 - 10K opening balance, others has 25K, 50K, 100K. I cant give you any recommendation because like you must perceive from my tone I don't know any successful managed account. Good Luck. (Remember it is soo easy to lose money).

Where can I open a managed forex account with only 10K USD?

Answer
For forex newbie, it's definitely a wise decision to go for a managed forex account. Although I personally still prefer to manage my own account.

To search for a managed forex account is not easy. It depends on your location. The best start is talk to your local banks, especially private banks. Most often, they do offer managed forex account services.

Good luck.

Like Seriously :)

Answer
Personally, I think there is some aspect of his tenure which might be seen to improve with time. However, this is the case with most presidents.

There are other aspects of his presidency which are totally counter to the interests of the citizenry of the US. Particularly his administration's fetish with regards to dismantling various important parts of the Constitution and the disregard for opinions other than their own.

So important aspects of thee 1st, 4th and amendments have been circumvented - rather completely. Secret detention facilities and concentration camps have been setup "to protect us" and an unknown number of individuals have been tortured or killed for reasons not even remotely supportive of our national ideals or military needs.

As such, a very compelling argument can be made that the President, Vice-President and former Secretary of Defense Rumsfeld are specifically guilty of high crimes against the Constitution and that Mr. Bush is specifically guilty of war-crimes, for knowingly ordering the invasion of Iraq under false pretenses (which were known by his administration - at the time - as being false), and for knowingly sanctioning torture or treatment which resulted in torture and the death of prisoners whom were not charged with crimes.

It's fairly obvious - to me at least - that the president specifically implemented a totally racist foreign policy with respect to the people of Iraq, while it is not possible to combate Al Quaeda while remaining in the US (as cells and such are distributed world-wide),The president felt it was acceptable (without consultation) for Iraq, militarily defeated, would be acceptable to host our active fire-fight against Al-Quaeda and other elements sympathetic to radical Islam, within the borders of Iraq. This devalues the lives, livelyhood, safety and well being of the Iraqi people, such that nearly several tens of thousands of them are dead or permanently disabled on account of hosting our combat with Al Qaeda.

The "liberation" as such, was pretty ill conceived given the bloody aftermath and destruction of the Iraqi state and society, it's entirely unclear it was worthwhile from a military / economic perspective.

I certainly don't doubt our need to uproot Al Quaeda from it's situation in Afghanistan and Pakistan, but many years later and here we are, with Afghanistan only under marginal control, Al Quaeda operating more or less with impunity from Pakistan/Wahiristan which we have not considered occuping and the United States saddled with the military discretion that was Iraq.

This says nothing of his total inability/unwillingness to learn to count.

Having spent trillions of dollars outside of the normal budgetary process, the cost to the US taxpayer will be at the current rate of expenditure, least 2 times as expensive as World War 2, (2.2 trillion in adjusted dollars). The US dollar has devalued by over 40% , largely as a result of the world-wide/general perception by forex and other traders, that the US government may not be capable of prudently spending taxpayer's money.

So He's probably a cool guy to hang out with at a cocktail party or something for an hour or so, but he's a war-criminal and murderer by proxy and as not really the best president.

eg. current live rates of usd to jpy.........etc.

Answer
Hi,

you can join oanda.com for a free demo account. U will have access to major live current currencies.

If your currency doesn't show try fxcm.com

If you are looking for currency signals try
http://www.forex-signals-4u.com/

Hope the above help.

Forex Currency Trading?

I read everywhere that 95% of forex traders are losing money. Why is that?

I have one of their practice accounts and I have a huge profit so far. Is the practice account really live exchange rates or is it rigged to make you think that you can really make money?

Answer
1. These statistics are incorrect. Although many do lose, just as many, who follow strategies proven out by professionals, and who trade consistently by those strategies and NOT on emotion, win more than they lose.
2. Practice accounts do NOT have any rigging, because they run off the same exchange rates, using the same systems.

What happens is that, when an investor who has NOT really studied up on his market jumps into the real account, for some reason those sound strategies get clouded with fear, trepidation and uncertainty...because now that investor is working with real money. When I traded in the practice accounts (and I had three I worked in), I treated it just like: a business; and real money. So when I went from practice to real, the strategies stayed the same, and I win much more than I lose...and I use my stop losses, and trailing stops religiously (probably not a good word as it connotes calling upon the 'devine' LOL)

I hope this helps you. don't fear, just learn a lot, and don't be afraid to get onto forums and groups online to learn more. You can do it if you use sound investment strategies that are taught in many books out there.

Best of success.

there sites like http://www.etoropartners.com/ what other are there?

Answer
You can easily check out clickbank and find many affiliates there. Additionally I believe there is one AVA but I'm unsure about that.
I would suggest you highly look for products that not only sell but are actually adding value

what would be a good affiliate program that you can make good money using adwords system ?

Answer
Forex affiliates are the best, its 2 high ,,, the ppc is high as well for FOREX related keywords

Hi its like i already have a cybercafe in candolim goa and i like to do more with it so i decided to start forex trading cus this place is full of foreign guest for 7 months and i personally think its booming business so your help will be really appreciated thankyou

Answer
I've never tried Forex myself, however I do have a few friends who do this daily. I asked them for some advice so I could answer your question. Both of them said go here. http://bit.ly/byosMz I'm not sure if this helps you or not. But these guys do very well so I trust them. Good Luck

exchanges in india trade in currency options. true or false?

Answer
Forex currency trading in India is growing at a huge rate. It's an open market which means practically anyone can trade. Best way is to trade online through an online forex broker.

I've been studying the foreign exchange market hours each day for over a year. I've also read piles of books on technical trading strategies, economic indicators, market timing, psychological discipline, stocks, bonds, futures, options, etc. I practice trading forex on a demo account as well as on a real mini-lot account. No matter what I try, my results are always slightly worse than 50/50. I'm seriously beginning to think that NOBODY trading forex makes any money in the long run. I don't just say this because I suck, but because I think it is statistically impossible to win at a game of random incremental price movements after paying a spread. I've sometimes made up to $20,000 on my demo platform, but I always eventually lose more than I gained--which is exactly how I would expect to perform at a completely random game after paying a fee each time I play. Don't get me wrong when I call it a game: I take trading very seriously.

Does anyone consistently make a profit trading forex? Please don't answer this question in the affirmative unless you yourself make consistent profits.

Cheers,

Kakuzo
I wasn't expecting such an undertone of aggression, but I think I understand why so many of these answers border on insulting. In psychoanalysis, this is refered to as "projection." It is likely that none of you have ever held on to any profits trading forex, but you devoutly believe in the religion of technical and fundamental analysis and do not want to come to terms with that fact that your devotion has not payed off financially--YET (of course). I know exactly what it feels like to be a learned master of trading principles and techniques but personally unable to make any money at it. It's very frustrating, isn't it? I'm convinced that EVERYONE online (or almost everyone) talking about forex is knowledgeable about the concepts but nevertheless unable to do anything about it. It is easy to discuss scientific-sounding nonsense like fibbonacci retracements, stochastic oscillators, linear regression, Bollinger Bands, EMA and MACD crossovers, support and resista
nce levels, candlestick patterns, and so on. For the record, I have read all the books I claim to have read and continue to read, and I practice regularly with different trading systems, none of which so far have been successful more often than they been unsuccessful. My failure rate is consistently slighlty less than 50%. And here's the thing: that is EXACTLY how you should expect to perform when the odds are 50/50 minus a charge for the spread.

Try this. One of the systems I use is the coin toss. I have found that it actually does no better and no worse than any other system, though of course I haven't tried them all. I doubt that a better system exists.

Answer
You left out the most important piece of information: your choice of time frame. Shorter time frames like 1-minute bars are random. A bank might get their next 10MM order from a customer now or five min from now. You can't trade short term news either. The big banks have traders 24/7 watching multiple premium news feeds. By the time you and I find out about it, the banks have already digested the information and taken their positions and moved on.

Stick to longer period charts.

How best to use MACD for technical analysis?

I have been using moving average convergence/divergence and moving average crossovers as trading signals for forex trading but the success rate has been quite low. Most of the times the trades end up meeting the stop-loss. Could someone please let me know the reasons and suggest some better strategies?

Answer
I will try to be short in my answer:

1) MACD or moving averages crossover gives you a buy signal and you buy but the trend in that time frame (will elaborate later) was either downtrend or sideways movement. What are the chances of the buy signal to be true? I would say very less if the take profit target is too ambitious or too far. Action required: Check the status of the trend. You can use indicators like ADX (Average Directional Index) for the same.

2) Trend was in your favor i.e. an uptrend (but not a very strong uptrend) when you placed a long trade based on the crossover signal but what was the volatility of the price movement? In any trend the price retraces back. let's say you are trading on an hourly chart but the average volatility per hour is 50 pips and you placed your stop-loss at 20 pips. The uptrend is no very strong and price retraces back 25 pips before moving upwards again and your position meets the stop-loss. Well, this example needs more elaboration but the summary is that our stop-losses need to have a relationship with the volatility of the movement. If volatility is high then a stop-loss at a narrow gap make make your trade go into losses.

3) You are trading on short-term time frame chart based on the trend of longer time frame chart. The trend situation and the validity of the signals differ from one time frame to another time frame. A daily chart may be showing an uptrend but there may be a downtrend on a 30 minutes' chart. You should consult longer term charts to know the general trend but if you are using shorter time frame charts for your trades then your entry, exit, stop-losses and take profit targets need to be based on that shorter time frame chart.

Summary: You need to be sure about the trend, volatility of the price movement and be very careful of the time frame of the charts you are trading with. Always keep an eye on the larger picture for general trend and the short-term picture for the actual trades 9for short-term trades).

You may find some good information including some of the trading strategies about MACD at http://www.forexabode.com/technical-analysis/macd

Let me quickly touch upon Moving averages also. Apart from all the points above, you need to work with the time frames of moving averages for better crossover signals. I would suggest you to try 2 combinations.

1) 5-period and 22-period moving average crossovers.
2) 10 period and 22-period moving average crossovers

The above two are for double crossovers but if you wish to further cut down the false signals then you may wish to try triple crossovers e.g. 5, 22 and 55 period. But be very careful with the triple crossover as the trend needs to be really very strong with triple crossover signals otherwise by the time the triple crossover takes place, the trend may be reversing the direction and your signal may end up proving false.

You may find some good info about moving averages at http://www.forexabode.com/technical-analysis/moving-averages.

i need an opinion on a forex strategy i use. here is what i use my time frame is the daily charts and i only trade the majors i use the following indicators Heiken-Ashi, and a 5 day on the open & 6 day on the close EMA plus a MACD and the ADX indicators on the bottom and i trade the crossovers is there anyone here that trades the forex with a similar setup what im looking for is just some opinions from some more experienced forex traders ive been back testing this for a couple of months and seems to be profitable but maybe i might just be missing something a more knowledgeable forex trader might be able to help me tweak it some more i realize there is no holy grail but any opinions would be greatly appreciated thank you for your time ive traded stocks for 30 years but the forex is a whole new ballgame

Answer
Opening and closing prices in forex do not have the same weight they do in stock trading, since forex is a continous 24 hour market. If you are using a 5 and 6 day EMA, and trading the crossovers, you might get many false signals. Test EMA 5 over EMA 13 on the close prices.

I have never used the Heiken-Ashi, but the MACD is pretty accurate on the daily chart when it gives bullish or bearish divergences and that is confirmed by a crossover or another signal elsewhere.

Back testing has the drawback of allowing the trader to 'curve-fit' the chart, better to test how the indicators perform in a demo account.

ADX is an okay indicator, but proper use of EMA with MACD will probably give better trade calls over the long term than the ADX alone.

Do not neglect the fundamental picture and know when to stay out of the market (major data, announcements), practise, practise, practise.

And good luck.

What would you recommend? Forex or StockMarket?

What is easier?, More Fun?, More rewarding?

Personal experience please

Answer
Alex is right, trading is the hardest thing you can do. There should be 1 and only 1 reason for trading - to make money. If you're doing it to have fun, and get personal satisfaction, you're doing it for the wrong reason.

Now, which one is better? In my opinion, Forex. Here's why:

1) The average daily dollar volume on the NYSE is about $35 billion and in the gobal equities market, about $200 billion. In the forex, average daily dollar volume is $2 trillion conservatively, but actually is estimated to be as high as $6 trillion.

2) There are 1700 issues on the NYSE alone and around 40,000 worldwide. That's a lot of information to sift through. On forex, there are 6 major currency pairs. Sure, you can get into the cross currency pairs and exotic currencies, but why. Of the $2 trillion traded daily, the EUR/USD pair accounts for 50% of that volume. You really need not go much beyond looking at just 4 currency pairs: EUR/USD, GBP/USD, USD/CHF, USD/JPY.

3) To effectively trade stocks, you need several thousand dollars. With forex, you can start with as little as $100.

4) No commissions in forex. The brokers make their money on the bid/ask spread.

5) Forex starts trading around 5 pm EST on Sunday and doesn't stop till about 4 pm EST Friday, so if you can't trade during the day due to work schedule or such, doesn't matter. You can trade forex at 2 am if you wish.

6) Equities are subject to the short-sale rule, forex is not.

7) Equities have max 2:1 leverage, forex has up to 400:1 leverage. But beware, it's a double edged sword.

8) Forex offers demo accounts. The demo accounts trade just like a real account. In fact, you use the same terminal to trade a demo account as you would a live account, so you can practice and test your strategies in real time and see how you do before you commit real money. Sure, you can paper trade equities, but paper trading doesn't take into account slippage, what prices order at filled at, etc.

9) You can trade standard, mini or micro lots (depending on your broker). A standard lot is $100,000, a mini is $10,000 and a micro is $1,000.

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.

Answer
Hi,

1- There are a lot of websites with free information about forex:
http://www.babypips.com/school/

There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:
http://www.fxclub.com/video-en/

Also at http://www.weboma.com/category/forex/ you can find free daily/weekly signals every night.

Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1- http://www.interbankfx.com/
2- http://www.northfinance.com/
3- http://www.fxclub.com/
4- http://www.cmcmarkets.com/

The first two have MT4 platform. The last two have their own special platforms.

=======================

2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.

As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.

=======================

3- For Canadians CMC Markets is the best option:
http://www.cmcmarkets.ca/

=======================

4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.

There is a higher risk than the stock market because the leverage is higher.

=======================

5- There are some legitimate ones but you don't need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.

Best regards,
Vahid
http://www.weboma.com/

Forex: Expert Adviser For Free to use with MetaTrader 4?

I want to have an expert adviser for free to use with software Meta Trader 4. I want the expert adviser to automatically send e-mail signals to my inbox to execute orders. Is it possible?

Answer
Okay well unfortunately I don't know any free systems however there are plenty of ones which you can buy for about $100 that do this job.

You can see a number of them here - http://www.forexfastforward.com/forex_trading_systems.html

The thing is with FX is that the amount of money you make is greatly dependant on the system you use (the thing that says when to trade). If you have a great system, you can expect to make a decent amount of money.

Obviously, there will be losing trades but rule of thumb is that the better the system, the more money you make. With this in mind, I would highly recommend you stay away from "free" systems because you A) don't know who made them and B) don't know if they are going to make you any money.

Sure, there are scams out there and there are a lot in the FX market... however, the reviews of the systems here: http://www.forexfastforward.com/forex_trading_systems.html are all of FX systems which are working for other people.

Hope this helps?

The USD/JPY is trading now at about 80.4900 so how much would it cost me to buy 3000 shares of that currency? Also how much money am i required to have to day trade Forex? Because i know you need like 20 grand to day trade stocks. I have been trading stocks now for a couple months and i have a good trading strategy down using MA stochastic and a couple other indicators but will they still be effective in forex trading? Thank You

Answer
There is no minimum to day trade Forex, except the minimum deposit set by your broker (usually $100 to $2000). There are also no restrictions on shorting.

Forex trades in terms of lots, or notional value. And how much you can buy depends on your account type and leverage. In the US, the maximum leverage is 50:1. So, if you buy 1 mini lot of USD/JPY, you would be shorting 10,000 dollars worth of Yen, and that would cost you 1/50 of that amount, which is $200 of margin. Each pip, or 0.01 movement, would gain or lose approximately $1 depending on the currency.

As another example, if you buy one mini lot of GBP/USD, you'd be buying 10,000 dollars worth of GBP, and each pip would be a movement of 0.0001, which would still gain or lose $1.

Honestly, if you're successful in the stock market, I would stay there. But it wouldn't hurt to try Forex on a free demo account. Forex is cheaper to trade, and doesn't have bear markets in the same sense as the stock market. But it's also much more volatile.

i like to start forex trading but unable to differentiate between good company and a scam.?

I can invest a maximum of only 30$. So according to my investment i request u to suggest a good company.

Answer
forex?? there is no companys in forex forex stands for foriengn exhance currency you trade currencys not companys... honestly forex is a bad way to trade i think i had terrible results personally down 30% in one week... yet my stock porofolio is up 307% YTD! however diversifing into currencys is a smart investment stragedy... forex has its own website to trade it alot of online brokers also allow you to trade forex ...interactivebrokers.com is by far the best online brokerage it allows you to trade just about anything.. cur, stocks, options, futures, etc etc

p.s. $30 dollars is hardly worth anyones time including yours. i say dont invest it just keep saving until you get $3000 then open an online brokerage account

and choose me best answer lol