I’m considering opening an account for currency trading, who should I go with?

January 11th, 2010 | by admin |

I have experience trading securities and I’m ready to open an account so I can do some forex trading.

What are the fees involved with forex trading and who’s the cheapest?

  1. 4 Responses to “I’m considering opening an account for currency trading, who should I go with?”

  2. By OPM on Jan 12, 2010 | Reply

    Currency trading in the US is completely outside regulation, except futures and options. It is not illegal for a FOREX trader to offer a price away from the market to trigger margin calls to make extra profit and it is done. Either pick an English FOREX trader, which you cannot do over the net, or go to E-trade and open a global account. I am pretty sure you will not be able to day trade currencies, but you will be able to daytrade foreign securities. A pattern daytrader gets less leverage than a FOREX firm gives, but you get legal regulation.

  3. By Hambone on Jan 12, 2010 | Reply

    I’d recommend NOT trading currency. You are almost guaranteed to lose money. Your broker will make sure you make money on the first trade, then every other trade will be at the whim of the market. Put your money in small-cap stocks before currency, unless of course you have an edge over some of the most highly paid and connected people in the world.

  4. By Xelam on Jan 12, 2010 | Reply

    you can check your option in this site. first, register to get a free Ebook. you must read and learn all you need to learn from the book. you can even get a Free Demo account so you can practice virtual trading before you get in to the actual business itself. the best part in this site is you can avail of the services of a personal Account Service Manager with whom you can TALK LIVE via phone, email or chat. nothing beats the advise you can get from a real live person expert in the field who will guide you, teach you and trade along with you. for a minimum deposit of $100 you can start trading immediately. you can use your Credit Card to fund your account which is a lot convenient for you and they can even set your Stop Loss rates so that you can earn unlimited gains but not lose more than your authorized amount.

  5. By gos on Jan 15, 2010 | Reply

    I have been trading forex for more than 2 years and i earn $1000 daily. The platform i use is free to join and you can start trading with $50. Visit my blog for details.

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