Trading in forex?

[gerryonline]

Does anyone here trade in forex? I have been looking into it. It all seems a bit crazy, but looks pretty fun since its a very live sort of market..

I would love to know how I could get started ? Anyone got any tips?

[Slade]

Gerry, I don't personally trade in forex, but it might be best to keep your money in oz for the moment it this article is anything to go by Aussie Dollar at 25 year high - Entrepreneur Forum for Australian Small Business

[princejolly]

Generally in the Forex Market we Can Purchase the Currency of the Other Country and sale it to the Other Country People.Forex is do the continuous operation: 24 hours a day except weekends i.e. trading from 20:15GMT on Sunday until 22:00 GMT Friday.The foreign exchange market is the largest and most liquid financial market in the world.

[qwadtech]

gerryonline: If you're interested in trading FX, sign up and use a practice account for a long time. < 1% of people make money trading FX.

[prawn_86]

My day job is actually as a forex broker. We help businesses with currency exposure minimise their risk, and tailor solutions in order to maximise profits from the timing of the markets.

That being said, to make a living trading the markets full time is by no means an easy task. If you are looking at doing it make sure you read up on proper risk management. You should be risking no more that 2% of your invested capital per trade.

Let me know if you have nay other questions

[cherylfoster]

Generally in the foreign exchange market and we can buy the currency of another country and sold to another country to do People.Forex continuous operation: 24 hours daily, except on the weekend of any trading 20:15 GMT on Sunday until 22:00 GMT Friday. The foreign exchange market is the market the largest and most liquid financial world.

[bluetiger]

I really hope your not trading right now

[Dunworking]

Forex - Compulsive Gambling for the Thinking Man!

I've dabbled with Forex in the past and made a little money from it, but the levels of risk associated with it reminds me of poker. Forex is best played with a system and with a careful eye on your 'bankroll'. Unless you can afford to lose significant amounts of money, earning a full-time income from trading would be very difficult for most people and it's not always easy to curb any gung-ho tendencies you might have (a trait that sperates good poker players from the bad ones).

Most Forex brokers offer a trial where the markets can be played 'for fun'. If you're going to chance your arm, do your research and get in some practice first.

[32408]

Get a demo account at www.fxcm.com.au and try it. However, trading live is not like trading a demo account. Going negative on a real deal hurt and make you doubt yourself, where with a demo it is easy to sit it out.