i am searching sites for couple of months to earn money but did not find proper forum. many people send me email daily and introduce their programms of earning money but i am still in doubts.can any body help me to suggest the rights ways to earn money by fair means.
Can i trade them online?
Are there any risks involved, if yes which are they?
Can i trade a lot of them?
Can i put leverage on the swaps i trade?
I would like to profit just from swaps, and not let my profits from swaps fly away because of some bad pip moves in price that got against me?
Lets say it is February 2010 and I had $2,000 to invest. Lets assume I wanted to buy silver which costs $15.50/oz. I could buy 2,000 / 15.5 = 129 oz of silver with my own money, but in Forex.com with a 100:1 leverage, I buy 129 * 100 = 12,900 ounces of silver.
Lets say I waited until December of 2010 until I wanted to sell my silver. Now the price of 1 ounce is $30. So I sell my 12,900 ounces for $387,000. And get 387,000 - 2,000 = $385,000 profit.
Is it really this easy to become rich or am I missing something?
1) Since when did people trade forex for profit or since when was forex traded ??
2) Could you tell me a brief history of forex trading ??
3) Will forex trading continue to exist in the future ??
4) Is forex trading to get some profits basically legal and not forbidden by state ??
How long would it usually take in an average market to open a trade that size, from the time you press the button to open the position until the confirmation of the opened position? I just want to know if it would take milliseconds, or seconds, or minutes. I am referring on opening a position at the most active hours of forex (13:00 GMT to 16:00 GMT) between the overlap of london and new york. One last thing, i am not a billionaire, i am just asking this question for information purposes, and i would like to get serious answers please.
Thank you!!
Can you make consecutive long forex trades as long as the price keeps going up? What are the pros and cons? Is it better to trade long then short etc?
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