Comments on: if i want to start to do currency trader. where can i start it from? http://www.myylt.com/2009/08/29/if-i-want-to-start-to-do-currency-trader-where-can-i-start-it-from/ Discussion of Forex Trading and Currency Trading Wed, 23 May 2012 13:33:18 +0000 http://wordpress.org/?v=2.3.3 By: Dylan L http://www.myylt.com/2009/08/29/if-i-want-to-start-to-do-currency-trader-where-can-i-start-it-from/#comment-17843 Dylan L Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/08/29/if-i-want-to-start-to-do-currency-trader-where-can-i-start-it-from/#comment-17843 It is legal. You can trade online at forex.com. It is legal. You can trade online at forex.com.

]]> By: guru_matt http://www.myylt.com/2009/08/29/if-i-want-to-start-to-do-currency-trader-where-can-i-start-it-from/#comment-17844 guru_matt Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/08/29/if-i-want-to-start-to-do-currency-trader-where-can-i-start-it-from/#comment-17844 Anyone can become a currency trader. You will find most of the online brokers allow currency trading in some form. You can trade the currencies themselves, use options, or through a variety of ETF's. Currency trading is a very high risk form of speculation as you usually trade on margin. This is you borrow most of the money to trade. This is fantastic when everything goes your way, but it can very quickly wipe out your account if your not careful. I like the risk/reward ratio & use call options to control my risk. I by a call option to trade a currency pair [say AUDUSD] at a certain price up and until a date in the future. I pay a premium for this. The premium is the maxium amount that I can loose. My profits are smaller they could be, same can be said for my loses. Anyone can become a currency trader.

You will find most of the online brokers allow currency trading in some form. You can trade the currencies themselves, use options, or through a variety of ETF’s.

Currency trading is a very high risk form of speculation as you usually trade on margin. This is you borrow most of the money to trade. This is fantastic when everything goes your way, but it can very quickly wipe out your account if your not careful.

I like the risk/reward ratio & use call options to control my risk. I by a call option to trade a currency pair [say AUDUSD] at a certain price up and until a date in the future. I pay a premium for this. The premium is the maxium amount that I can loose. My profits are smaller they could be, same can be said for my loses.

]]>