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How to start Forex Trading

Discussion in 'General Business' started by Basanta, Dec 29, 2009.

  1. #1
    Hi Friends, I am interested for forex trading but I have no idea about this. Can I start with a investment of 50$ - 100$. Please let me know. Thanks.
    SEMrush
     
    Basanta, Dec 29, 2009 IP
    SEMrush
  2. Tj John

    Tj John Peon

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    #2
    before jump into the forex trading... I suggest you create some demo account learning some skill epecially technical skilll
     
    Tj John, Dec 29, 2009 IP
  3. jononm

    jononm Greenhorn

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    #3
    I totally agree with john
     
    jononm, Dec 29, 2009 IP
  4. niceboy

    niceboy Well-Known Member

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    #4
    What tech skills are required? do u mean programming?
     
    niceboy, Dec 29, 2009 IP
  5. infopages

    infopages Well-Known Member

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    #5
    There are no tech skills required for forex but you should have full knowledge about it, as forex trading is very risky and before investing real money into it you must have all the knowledge and experience which can be gained by trading in demo accounts which are been provided by every company, just search forex trading in google and you can get many results for that.
     
    infopages, Dec 29, 2009 IP
  6. biglegg

    biglegg Peon

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    #6
    You need to learn the basics of forex trading and do some testing before you commit yourself or you risk losing all your cash
     
    biglegg, Dec 29, 2009 IP
  7. fxlock

    fxlock Active Member

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    #7
    read books and trade in demo for at least 2 years and then start
     
    fxlock, Dec 29, 2009 IP
  8. papad06

    papad06 Member

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    #8
    50-100 wont get you anywhere at all. Have at least 2k of capital to start with
     
    papad06, Dec 29, 2009 IP
  9. cash4life

    cash4life Peon

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    #9
    I'll suggest that you get a mentor before venturing into forex trading. Take a little time to see what your mentor is doing to make profits...only then you can easily follow his system.
     
    cash4life, Dec 29, 2009 IP
  10. qit3

    qit3 Peon

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    #10
    I suggest you learn forex basic, sign indicators and other forex related beginner guide.
    try to use virtual trading first.
     
    qit3, Dec 29, 2009 IP
  11. mrthe9th

    mrthe9th Well-Known Member

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    #11
    Learn and find strategy that suitable with your style, and try it with your demo account first until you sure that strategy give you positive return. :)
     
    mrthe9th, Dec 29, 2009 IP
  12. mentos

    mentos Prominent Member

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    #12
    It is easy,now $100 can start trading already.
    Open an account at forex broker for example exness dot com
    Lemme know if you need my help.
     
    mentos, Dec 29, 2009 IP
  13. jmt1

    jmt1 Peon

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    #13
    I've traded Forex for years. You need a club or team to trade with. It's too hard on your own. I belong to a mastermind group and we talk via skype IM all day. We try to point out why it's a good or bad trade.

    There is lots of free training available (InterbankFX and others).

    Use the demo acct for a while. You MUST know why you are placing a trade. I go on only technical analysis and it works pretty well. Screw the fundamental analysis, it follows the technicals - strange, but true.
     
    jmt1, Dec 29, 2009 IP
  14. bluecup19

    bluecup19 Peon

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    #14
    dont trade with the forex you are much better off in the futures end of the currencies, less of a spread and also 50 to 100 dollars will not cut it, with currencies u will have risk 5k minimum to start
     
    bluecup19, Dec 29, 2009 IP
  15. csnreyes

    csnreyes Peon

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    #15
    Use that 50-100$ for investment to get more capital, when you have at least 2k then you can start
     
    csnreyes, Dec 29, 2009 IP
  16. Basanta

    Basanta Well-Known Member

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    #16
    Please let me know how to start the forex trading the process.....thanks.
     
    Basanta, Dec 29, 2009 IP
  17. jrw1978

    jrw1978 Peon

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    #17
    It is possible to start with such a small amount, but realistically you will need more than that. However to be honest you shouldn't even be thinking about risking any of this money until you have a full understanding of how forex trading works. It can take several months just to learn the basics, which includes learning about fundamental and technical analysis, and it can then take even longer to come up with a winning forex strategy.
     
    jrw1978, Dec 30, 2009 IP
  18. mentos

    mentos Prominent Member

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    #18
    Seems like you waiting for answer which is not a good behaviour for forex trader.
    You need to work it out try babypips
     
    mentos, Dec 30, 2009 IP