loveena asked:
I am new in this feild, which is best time to invest in this.where I will get Demo account,Minimum amount required to invest in the real Forex market? I just have Rs.2000,which book I should refere from net,Please guide me.
So you think you can start FOREX Trading before gaining experience with a DEMO Account?
I am new in this feild, which is best time to invest in this.where I will get Demo account,Minimum amount required to invest in the real Forex market? I just have Rs.2000,which book I should refere from net,Please guide me.
So you think you can start FOREX Trading before gaining experience with a DEMO Account?
Related posts:
Make the right start with FOREX picking the right Broker
Better you choose stock markets [share markets] in the world.. Then your money will never get lost. But in forex market, you have to be very careful. Because you may loose your money. There is high risk
Either start right with FOREX or don’t start at all
There is no investment with which you can make faster money than with forex. It is right that forex trading is risky but it depends on your money management. If you ALWAYS use StopLoss and TakeProfit Forex is not riskier than any other bonds, futures, stocks or cfd investment. Start with a free demo account (e.g. eToro) and practice trading as long as possible until you are ready for trading real money. Check out for more information and broker review.
So you think you can start FOREX Trading before gaining experience with a DEMO Account?
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words “Forex” and “lose” to see this is the consensus.
Forex is similar to what we call a “zero sum” game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the “bets” in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: “Go to Forexcrap,com/q2347.” The “q2347″ is a signal to the Forexcrap site that you are being referred to them by “q2347.” If they sell something to you, “q2347″ gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It’s like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
Read the warnings in the links below:
New to FOREX? Pick the right Broker and open a DEMO Account FIRST…then learn FOREX …
Technically, it doesn’t make sense to “invest” in forex markets. The “Interest rate parity” ensures that there is no aribtrage one gains on foreign exhange, net of prevailing parity in the interest rates between two countries (read currencies).
With Rs 2000/- don’t waste by getting yourself into any of the direct investment avenues. Invest an SIP of Rs 500/- in a mutual fund. (I am hoping that you will be able to contribute after 4th month) However, you should still go ahead and start getting the basics of investment in the sections meant for investor education in the websites of bseindia / sebi / rbi or even sites like
all the best
Kalyan V Sivalenka
Make the right start with FOREX picking the right Broker
The site that you’re trading with, should disclose the minimum deposit required to open a real trading account. I suggest browsing the site and/or using the site’s contacts to find out more information on opening a real trading account. Minimum deposit requirements differ from site to site, but I know of a good and reputable site that requires $25 deposit to start trading. As for a forex eBook, you can find it for free, no charge, by visiting the link in the source box, it covers all the basics of forex. But note that trading Forex is a continuing learning process, one eBook wont cover everything, the best way of learning is spending time trading on your demo account. Best of luck learning and trading Forex
Start right in FOREX with the right BROKER
Hi,
i don`t know exactly how much 2000 rs meens in usd dollars.
First of all is best to take look at some good offers that you can find them here:
So you can maximize your investment,i recomand the 50% cashback,you find more details in the page that i suggested to you.
You can open an demo free,you have all the instructions and you will find them in fecima.com.
Also they have an great Education Center from where you can learn and after you opened an real account you will be assisted by one personal manager that will guide you.
There is no minimum amount,it depends on you,and your needs,the bigger is the initial investment the bigger will be your potential profit.
You can also download from Trading strategies i recommand to read Strategy no 10 and from Money management:Risk control and Money management.
Either start right with FOREX or don’t start at all
Forex market is risky.You can invest unipay2u Bangladesh.It is now most profitable investment in Bangladesh.
Your FOREX Broker can Make you or Break you. Pick the Right one!
I suggest you reading a lot in forex trading field, it is very risky and need a big amounts of money to start making good profits. There are many online tutorials you can begin with, some have free download to e-books, mini course and a lot of videos to learn forex easily you should take one of these tutorials from A to Z. hope this helps.
Open a DEMO Forex Account before you Start Trading Real Money
Even though the general consensus seems to be that you should stay far away from the big, bad Forex market, I’m going to simply say approach…but approach with caution. The Forex market is not a scam and you can make some serious money if you learn a trading strategy that works. However, finding a trading strategy that works is often the hard part.
Getting a demo account is a great idea. You should be able to get a demo account from almost any Forex broker out there. Dukascopy, Forex.com, Alpari, FXDD, IBFX are a few good brokers to start with.
The minimum amount to get started in the Forex market is different with each broker. You should be able to find this information on the broker’s website under the account details. I’m not really sure how much Rs. 2000 is, but in American dollars, you can open an account for $500 with many brokers or possibly even less.
If you are looking for a good book to get started with, check out “Currency Trading for Dummies.” It really breaks everything down into terms that you can understand.
Some good websites to check out for Forex education are and
Check these resources out and I hope your Forex trading goes better than some of the other people who have had bad luck.
Make the right start with FOREX picking the right Broker
If you are asking this in here then you should stay far far away from forex
ForexDemoAccount360.com
Hi Loveena,
If you are still new in the Forex trading world, then it is better for you to get an education first. There is no need to spend your money in trading the Forex market. Why I say “spend” it is because you WILL eventually lost all your hard earned money trading the Forex market. It is just not worth it.
But when you do education and finish all the necessary training, it is advisable for you to try what you have learn in demo trading first. If you succeed in demo, then you can try to open a micro account with brokers like FXCM, Oanda or any other broker you might have known later on.
Start with micro account, build your account until you can trade standard Lot. It is possible and it will happen if you properly done your way one step at a time.
Good Luck….
ForexDemoAccount360.com
Wow, so many questions! The site below should give you the answers you’re looking for.
Your FOREX Broker can Make you or Break you. Pick the Right one!
I am suggesting you that first of all you have to know what is forex trading and the market strategies for trading then you open forex trading account.so that your efforts will worthy.just visit my source site you will find free forex trading account.also strategies for forex trading.