I Am Interested In Forex Trading, But I Lack Knowledge In How To Go About That. I Need Help In That Regard.? | All About Money Online

First of all, I would like to ask you whether you realize that FOREX trading is one of the most risky types of investments out there (maybe right behind commodities trading). FOREX is popular these days because it is possible to have large gains in a very short amount of time. The way this works is that FOREX uses leveraged trading. A 100-1 leverage means that with US$1000, you can control a $100,000 position against the yen, for example. This is great if the market moves in your favor. However, if the market moves against you, even the slightest move can wipe out your entire account. Mutual funds, stocks, and bonds are the much safer route to financial stability.

Okay, with that said, you are probably acutely aware of my take on FOREX. However, to be fair, you did ask for help in starting FOREX trading. Below are a few links that can help you get started (below the one’s warning you not to try FOREX).

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