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digitalsniper > Intel > Forex trading

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Forex trading

ok, so what exactly is Forex trading?
In a nutshell its buying and selling currency. You trade US dollars against the Japan Yen, the European Euro, or any other of the major currencies.
3 years ago I purchased a program (yea i was took for 3000.00) from James Dicks... They had a very slick presentation that basically said you couldnt lose with their software. Ill be the first to say i never used it because their monthly streaming fees were outrageous, so without their stream the software was useless. But i did research and find plenty of FREE software out there, and free streams to run them. But like any kind of monetary trading, risks are involved and you could lose big or gain big. IVe just started looking into it again after the US Dollar plunge against the Euro. Had I been trading on that slide I would of been a millionaire right now. hopefully the dollar will rebound and i can catch the wave in the upward swing.
Regardless, its somthing you should look into and research. As with any trading, DUE DILIGENCE is the KEY. Research, research and then research. There are links on my site for free trading accounts that you can actually play around with fake money to see how well you would do in the market before actually buying into it and spending your money.
Give it a shot. Its all good and who knows, you might be the next warren buffet of Forex trading.

DigitalSniper


Contributor's Note

I am not an experienced ForEx trader, and you should research anything dealing with your hard earned cash. Due Diligence is the key an any type of trading... good luck

Contributed by digitalsniper on March 4, 2008, at 9:53 PM UTC.

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