Hello guys. am thinking of doing online stock trading . At the moment i dont know anything about .i’ve been looking for profitable or productive buisness stuffs i could do online, to augment my monthly pay cheque. However i would like to know (1) if its a lucrative online buisness to emback on. (2) If i need special training for it by experts. (3) If the risk is higher than the gain or vice visa.(4) the best institute that could teach me and help me at the initial stage of the trading. (5) is FOREX trading the same as online STOCK trading. (6) Is there any other channel of financial transaction apart from Paypal. I reside in the caribbean and paypal does seem to recognise our credit card transactions. Thanks for your time and answer
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December 31st, 2009 at 7:23 am
First google this for me
Forex Scam
Also google Forex Rip-off, or Forex Complaint
There are many companies that will take your money, say they invested it when they really didn’t and then tell you that you lost money, even if you think you made money.
Be very, very careful out there with who you deal with.
- I am not a forex investor - but I know a whole heck of a lot about scams.
/
December 31st, 2009 at 7:23 am
Investing is a passive thing that anyone can do and hope the markets go up and the economy improves and the system doesn’t fall apart again or another bubble doesn’t burst or the Fed doesn’t do something stupid, etc.
Trading is a profession, not a hobby. It requires committment, many more resources, much more education and training and experience and resources, like any profession. But unlike any other profession, the risk is very high, especially in Forex with 100:1 leverage. You may not know what that term means, but it is a primary killer in the futures and Forex markets, even for those that think they know something. Training is very expensive.
I’m not sure what you mean by stock trading being the "same" as Forex trading. They require different brokers and accounts. A stock is essentially part of a company with their own set of circumstances, products and services, marketing and competitive issues, employees and CEO’s. Trading the Forex is a world currency against another, called a currency pair, like GBP/USD, with their own set of world circumstances, governments, bailouts, GDP reports, interest rates, unemployment rates, etc.
What Does Forex Market Mean?
The market in which participants are able to buy, sell, exchange and speculate on currencies. The forex markets is made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. The currency market is considered to be the largest financial market in the world, processing trillions of dollars worth of transactions each day.
Investopedia explains Forex Market
The foreign exchange markets isn’t dominated by a single market exchange, but involves a global network of computers and brokers from around the world. Central banks use their massive buying and selling capabilities to alter exchange rates through their open market activities and in many cases will do so not with profit in mind, but rather for any number of policy reasons. Forex brokers act as market makers as well, and may post bid and ask prices for a currency pair that differs from the most competitive bid in the market.
December 31st, 2009 at 7:23 am
1. yes is lucrative
2. you have to be an expert to diminish the risks
3. The risk is proportional to the profits.
5. FOREX is the currency market
6. Maybe Alert Pay, but I recommend Paypal.
Take a look on this Network Marketing Business:
http://monttor.gogvo.com/
The best of lucks
December 31st, 2009 at 7:23 am
You can also visit http://etoro.eg1.us/ to learn more
December 31st, 2009 at 7:23 am
hi
forex trading is not difficult as stock trading..here some good sites to learn or trader forex
http://www.bestforextradingplatforms.com
good luck