May
27
forex beginner.i want to go into forex traidng with $1000?
By
yankieby asked:
I want to go into forex trading with $1000….any advice on tricks of making money…….any reputable broker that has little spread, where i can buy at bid and sell at ask price…..which forex supports mobile trading…..i am thinking of buying a laptop or palmtop……..where can i get ba data on forex brokers based on their patroniszation/ no of clients. any idea of Electronic Communications Network forex bokers……………thx
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I want to go into forex trading with $1000….any advice on tricks of making money…….any reputable broker that has little spread, where i can buy at bid and sell at ask price…..which forex supports mobile trading…..i am thinking of buying a laptop or palmtop……..where can i get ba data on forex brokers based on their patroniszation/ no of clients. any idea of Electronic Communications Network forex bokers……………thx
Caffeinated Content
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5 Comments
May 28th, 2008 at 5:00 pm
Try source below.
May 31st, 2008 at 12:09 pm
To answer all your questions, go to
There you will learn:
-$1,000 is not enough to open a Forex account… you’re going to get a margin call and go broke.
- You’ll never get no spread between the bid/ask, that’s how the brokers make their commissions
- Check their broker comparison chart under the Tools menu to see various info on all the different online brokers
My biggest advice would be DONT open a real trading account until you have at least 2 months of experience with a demo account. If you open a real account right now I guarantee you’re going to go broke.
Check out my Forex blog for more information:
June 2nd, 2008 at 12:50 am
Hi.
What was said above isn’t completely true. You can trade with just $1000 dollars and still have a reasonable % risk compared to your account balance. Many brokers offer micro accounts which is trading 1000 units. I even currently hold an account with a broker that offers you to trade as low as 100 units which is 1 cent on every pip move. True you wont make much money due to the fact of margin but you can still trade and build up your account using $1,000.
June 4th, 2008 at 7:20 pm
I’m thinking of buying this hot selling software that came out this week, Automated Forex Cash.
They claim Automated Forex Cash is easily and quickly understood by anybody from newbie to veteran and easy to install as well. It takes at most 5 minutes to get the software up and running.
You can start with as little as $250 USD on a real account or experiment on a demo account without risking any real money until you’re comfortable.
Looks good for a newbie based on what they say. Hope they keep to their word.
June 8th, 2008 at 12:23 am
Hi,
I have started trading forex and it sure is a rollercoaster. You may need some expert advice and I would recommend you do you’re research before starting.
Try out the following site it is packed full of articles, tips, resources and links you can use for all of you’re forex trading needs.
Thanks