Any one to suggest me on forex (stock investment)?
Hello friends, i am living in India, I want to make money. If you any one knows well about forex (stock investment) pls tell me what are the procedures to invest online. I don’t know anything of forex and stock investments. I want to invest $10 is it acceptable in forex? pls pls someone suggest me on this.
2 Responses
Do you think forex trading risky? Yes it is if you don’t know how to trade forex. Anything you do in life without training will most probably end in failure. Same goes for forex trading. Most of the people lose money in forex trading because they don’t bother to get the right education when they start trading. Your second question will be how long it takes to get a good education in forex trading?
The good thing about forex trading is that you can learn it risk free. Yes, risk free! All you need to do is open a demo account with any forex broker. You can do that in five minutes on the internet and start with forex trading. On the demo account, you will be provided with real time data that you can use to make buy/sell decisions but you will be using fake or virtual money. Since you are not using your real money, you are not going to lose even a single cent.
But $10 is too small amount. Most of the forex online brokers accept $25 atleast for live trading.
Anyways you dont get disappointed here are some forex tutorials which can help to to understand forex well.
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Save your money. Forex is a rip-off.
Stock trades are about $10 per transaction. So your $10 would not be enough. You need about $10,000.00