Foreign Exchange (Forex) Dealings
Imagine if you
could buy foreign currency at $1.0015 and sell at $1.0020. But that
is only a fraction of a cent, you might say. Yes, but if you bought
and sold a million dollars then that difference could represent $500.
Or if you think the price is dropping you could sell 'short' and buy
later and make a profit on a falling market. If you get it right it
is a 'win win' situation.
The Forex market
place is not controlled to the same extent as the Stock Market or the
Futures Market so you need to be extra cautious where you do your trading.
If you actually have millions of dollars in your bank you wouldn't be
on this page. If you have $20,000 plus to risk then you can deal from
a strong position. If you have less available then you need to work
through a broker catering for people with a similar stake.
The Forex market
is full of statisticians who have devised 'foolproof' algorithms to
predict when to buy and when to sell. There are plenty of ideas to choose
from but the best is to be kept well informed of financial and political
A window shows
current news releases from all over the world every minute and another
window shows net profit or loss on each trade in real time with a graph
of the price. Each trade takes a fraction of a second to complete.
If you are away
from your computer you can be alerted by SMS to your mobile phone.
Sign up for a 20
day demo program to test your skills at real time Forex trading. A valuable
experience for free!
for a screen grab of the program
There are many
Forex prediction sites and some give a free 'taster' of their abilities
for you to 'try before you buy' their more comprehensive advice. Here
is a link
to one prediction site...
broker will let you trade with only $100 deposit and a 1% leverage but
in practice you will need ten or twenty times more to give yourself
some trading 'elbow room'
with the best.
Forex trading involves substantial risk of loss, and
may not be suitable for everyone..
1998 - 2016 roger walker