There is nothing wrong with being a beginner at Forex Trading. Rumor has it that all Forex traders started as a beginner at some point.

I think what everyone is trying to warn you is to not invest or spend any money in the forex market until you know what you are doing. Many people enter the Forex market prematurely without understanding the risks or techniques to manage and reduce associated risks. These people very quickly lose their money.

There are three important steps that will assist you in learning the workings of the Forex market.

First, study the basics. I recommend http://www.babypips.com to all of my Forex colleagues

Second, open a demo account and practice, practice, practice. With a demo account you will trade with virtual dollars instead of risking any of your own money.

Third, find a knowledgeable Forex investor that would be willing to assist and guide you.

You will find the Forex market to be quite interesting and potentially lucrative. You need to thoroughly understand the risks involved and learn how to best manage those risks. You will also find that any marketplace that has the potential to generate above average returns tends to attract more than it’s share of questionable characters.

Take your time and use common sense.

Good luck,

Paul

powered by Yahoo Answers

I am 18 years old and I am considering trading currencies as a home based business. I’ve had practice with ordinary spot forex and find it okay. I want to know what is better if I was to trade ordinary spot forex or currency options? Which is better, and which has the best chance of you becoming successful and becoming a millionaire out of?

Currencies tend to trend long term and be volatile in the short term.

Have a look at this chart from finviz & see if you agree.

http://www.finviz.com/forex_charts.ashx?t=ALL&tf=w1

I only trade currencies using long term call options. Why?

1. I have a known level of exposure (I can’t loose any more than I put in)

2. I feel its lower risk, as I am trend trading – trends can also revert.

3. It is definitely lower risk than spot trading, as I am not trading on margin – I can still loose everything though.

4. I’ve had a few friends take up currency trading (spot), do quite well for a bit then have a bad run, only one out of 6 is still in the game.

5. It suits my personality. If you can handle the swings, spot trading might be the thing for you.

Open up a demo account and see how you go.

Give your self time to learn before putting your own money down – once its gone, its gone.

powered by Yahoo Answers

here is one site that will lead you to a very legitimate, leading, trusted, reliable and perhaps the best platform for forex trading. one of its very good feature is by opening an account- mini, gold, platinum or vip- they will provide you a personal account service manager or asm as mentor and coach. if you are a beginner, you will greatly benefit from the services of the asm who will walk you through the basics and even will trade along with you to to make sure you get familiar with their system. further, mentoring is done live via phone, email, chat or even personal meeting if you happen to reside near any of their regional offices in the usa, europe, canada, australia, middle east or asia. they also have a chatroom where you can interact with other forex traders around the globe for more tips and opinions on your trades. plus they have developed innovative tools aimed at helping you in every trade. all the best.

powered by Yahoo Answers

Hello, I would try to be short and precise.
I am 22.
I am not proud but I was spectacular scholar since my school days and a successful entrepreneur.
Back in 2000, when I was in 7th grade, this girl came and joined our school. She came first in class and I came second. We used to exchange notes and talk ( only and only related to studies and nothing else ).
Then next year to impress her, I came first and she became second. However, her father got posted to another city( she has to go with her family) and I was out of touch to her completely. But I swear, I never had even a thought of any other girl there on.

Then, after 3 yrs in 2005, I joined her school in 12th grade and we didn’t had much conversation this time. We didn’t used to exchange notes this time. However, I perfectly no that she didn’t had any boyfriends during this till now.

In India, IITs are best colleges and once this girl told me that from our class, only I have a capability to join that college. I studied one year ( 2006-2007 ) and got 2245 rank amongst above quarter million competitors. By the way, when I was preparing for my exams of IIT, I proposed her on phone and she bluntly rejected, saying that she has responsibilities of her parents.

She joined her regional engineering college.
Now the real trouble starts. She was going to get her job by 2010 and I was going to grad out in 2012. I felt that in the mean time, she would develop relationship with other guy and I cannot live without her.

I made up my mind that in order to get her, I need to achieve something really great to impress her and also to get out of this college at the earliest. Since 2007 to 2009 I just worked like anything, like sleeping 4 hours a day, doing my part time forex trading work and studying to retain my 100% scholarship ( my father is not that good financially ). Eventually I am now a fund manager and manage about $120,000 from my 30 clients in India and abroad and I earn like $2000 to $4000 monthly ( for Indians and that too of my age, that’s really big figure).

I did all this to win that girl. However, this girl had one boyfriend, with whom she had break up and now have a new boyfriend.

I don’t know what to do. One of her friend told me that she has grown into a mean girl and her criteria of selecting boys is money oriented. She had one boyfriend with whom she had breakup and now has another boyfriend.

I have earned somewhere like $30,000 from my last 2 years of effort and financially very stable. I will drop the IIT ( tough decision because IITians get $20k jobs very easily) Also, I have planned to open my company in her city. I want to say THIS IS HOW MUCH I LOVE YOU. I CAN DO ANYTHING FOR YOU AND WHATEVER I HAVE DONE THIS FAR IS FOR YOU.

Also, I have enough money earned from my hard work that I can provide luxurious life to her and her family and "I have responsibilities" thing is out of question.

How should I proceed to her? Because this would be my second proposal to her. Unlike her, I never had any girl friend ( even though I received proposals from 5 girls in my college, I credit that to my good achievements as an entrepreneur ). I love her so so so much. I cannot live without her. That’s why I am trying so hard to win her heart.

Please please please help me. I am going to move out to her city in July 2009. So please help.

*I don’t drink, smoke etc. There is no girl other than this girl in my past or present.

Please don’t say that there are a lot of fishes in the sea. I cannot look for anybody else.

It’s very nice for what you did. BUT If you have to try so hard to win her , that’s not the way it is. Why are you running after the person who won’t even walk for you? The one problem in love is that you can love whoever you want but so can they.
Love is not about winning. This isn’t a game.
Do you really love her? do you know what kind of food she likes?
what’s her fav colour? what’s she like to do on her free time?
what’s her dream? do you really know her?

Anyway If you want to proceed to her. You should start talk to her as a friend. spend sometime together so you can get to know her. be honest to her but not too honest like hey i’ve $30,000 in my bank and i want to spend it with you…..she will date you for fews months then she will be long gone before she get to know you.
and Dude! proposed on the phone?? dont ever do that again…

powered by Yahoo Answers

Hello, I would try to be short and precise.
I am 22.
I am not proud but I was spectacular scholar since my school days and a successful entrepreneur.
Back in 2000, when I was in 7th grade, this girl came and joined our school. She came first in class and I came second. We used to exchange notes and talk ( only and only related to studies and nothing else ).
Then next year to impress her, I came first and she became second. However, her father got posted to another city( she has to go with her family) and I was out of touch to her completely. But I swear, I never had even a thought of any other girl there on.

Then, after 3 yrs in 2005, I joined her school in 12th grade and we didn’t had much conversation this time. We didn’t used to exchange notes this time. However, I perfectly no that she didn’t had any boyfriends during this till now.

In India, IITs are best colleges and once this girl told me that from our class, only I have a capability to join that college. I studied one year ( 2006-2007 ) and got 2245 rank amongst above quarter million competitors. By the way, when I was preparing for my exams of IIT, I proposed her on phone and she bluntly rejected, saying that she has responsibilities of her parents.

She joined her regional engineering college.
Now the real trouble starts. She was going to get her job by 2010 and I was going to grad out in 2012. I felt that in the mean time, she would develop relationship with other guy and I cannot live without her.

I made up my mind that in order to get her, I need to achieve something really great to impress her and also to get out of this college at the earliest. Since 2007 to 2009 I just worked like anything, like sleeping 4 hours a day, doing my part time forex trading work and studying to retain my 100% scholarship ( my father is not that good financially ). Eventually I am now a fund manager and manage about $120,000 from my 30 clients in India and abroad and I earn like $2000 to $4000 monthly ( for Indians and that too of my age, that’s really big figure).

I did all this to win that girl. However, this girl had one boyfriend, with whom she had break up and now have a new boyfriend.

I don’t know what to do. One of her friend told me that she has grown into a mean girl and her criteria of selecting boys is money oriented. She had one boyfriend with whom she had breakup and now has another boyfriend.

I have earned somewhere like $30,000 from my last 2 years of effort and financially very stable. I will drop the IIT ( tough decision because IITians get $20k jobs very easily) Also, I have planned to open my company in her city. I want to say THIS IS HOW MUCH I LOVE YOU. I CAN DO ANYTHING FOR YOU AND WHATEVER I HAVE DONE THIS FAR IS FOR YOU.

Also, I have enough money earned from my hard work that I can provide luxurious life to her and her family and "I have responsibilities" thing is out of question.

How should I proceed to her? Because this would be my second proposal to her. Unlike her, I never had any girl friend ( even though I received proposals from 5 girls in my college, I credit that to my good achievements as an entrepreneur ). I love her so so so much. I cannot live without her. That’s why I am trying so hard to win her heart.

Please please please help me. I am going to move out to her city in July 2009. So please help.

*I don’t drink, smoke etc. There is no girl other than this girl in my past or present.

Please don’t say that there are a lot of fishes in the sea. I cannot look for anybody else.

It’s very nice for what you did. BUT If you have to try so hard to win her , that’s not the way it is. Why are you running after the person who won’t even walk for you? The one problem in love is that you can love whoever you want but so can they.
Love is not about winning. This isn’t a game.
Do you really love her? do you know what kind of food she likes?
what’s her fav colour? what’s she like to do on her free time?
what’s her dream? do you really know her?

Anyway If you want to proceed to her. You should start talk to her as a friend. spend sometime together so you can get to know her. be honest to her but not too honest like hey i’ve $30,000 in my bank and i want to spend it with you…..she will date you for fews months then she will be long gone before she get to know you.
and Dude! proposed on the phone?? dont ever do that again…

powered by Yahoo Answers