I want to start forex trading and does not know how to do it just i know that its a exchange of currency in foreign business market and we have to start 1st demo account to get practice ... can any one suggest me here can i start forex trading for 20 $ and can i pay from my paypal account how much daily profit i will get by 20 $ investment and how to do fores trading ...... please suggest !!!!
In Oanda you can pay with paypal and I think from $1, but as says chandan $20 is very low budget. If you can learn I recommended you forexfactory.com forum, one of the best forex forums.
on oanda u can buy 1 pip per cent. anyway, i hope you have knowledge and experience of at least 1 year trading demo before u go live.
Depends on your forex marketing skills and experience. Someone would suggest 2000$, but you could lose them in a day without proper market research. I would suggest try with demo money, although options are sometimes limited. Another good thing is to personally meet experienced forex trader - something worth doing - but it can be really hard. Good Luck though
It sounds to me you have no idea what Forex is... $20 is not going to going to cut it. Even if it was enough the POSSIBLE return would be minimal.
Demo accounts are free and are usually good for 6 months. As to needing $1,000 dollars, that can be a lot of money to some. The best thing to do is to trade with money that you can spare for a long time. It's really all about comprehending the economic and political situations of various jurisdictions, and knowing when currencies will rise and fall, and when to trade and when to hang on to your monies. Clearly the OP has no idea what he/she is getting into but can soon learn. I started out with Forex trading as a hobby, now it is a passion.
Sounds like you're ready to jump in. I say go for it. I suggest you start with $500 and leverage it 50:1. Just think you can trade $25000 in a matter of days. Have fun!!!
Nothing in your post makes a bit of sense. I believe that you have never traded in your life. Please refrain from giving any advice on Forex trading in the future.
My comment was completely sarcastic. When a person asks if they can trade forex for $20, they obviously have no idea what they are doing. I responded to their stupidity with a stupid answer.