I want to invest in forex market.It seems more hopeful in future.which plat form gives the best analysis and free practice account with some bonus.I need real answers!!!!!!!!

If you are asking about the best forex trading platform in terms of software, I would suggest to look into brokers offering Metatrader as their platform. This has a very useful interface and there are a lot of programmers working on different trading robots called Expert Advisors to assist you in your automatic trading.

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At the moment I have around $400 dollars that I could towards investing, but I really do want to read up on it before I start does anybody have any ideas on good practise sites, or books that I should read. I would prefer a more active style of investing (day trading or forex or something)and I would like to know if there are any good canadian brokerage firms

I agree with J. $400 is no way near enough for an active trader - fees alone eat up a big chunk of that. Keep saving, put more aside and then buy funds of funds until you have more behind you.

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Hello i want to invest money in forex market.What is the best service to select form.I need some practice also.Does they give bonuses for account opening?

Hi Kishore

The question is not very clear so I can just guess and advice you with my personal experience.
If you are based out of India and wish to open a FOREX account you have lots of options like there lots of multinational banks which can open account for your overseas to deposit foreign currency & they will convert in Indian rupee.
Being an Indian based in Canada, I am using Citi bank’s NRE service which they provide to NRIs’ who wish to deposit money for their families back home. They provide the all the banking facilities (debit cards & branch dealing) to one family member in India. They also offer good service for Forex trade as well.
Apart from that ICICI & SBI are providing the similar kind of services but they are not very popular in overseas.

These all banks deal big time in Forex trade. You can invest your funds & get good returns as well.

I am not sure what service would suite you but you can certainly submit your query with the bank & for Forex they would contact you because they need money too.

Let me advice you to not believe in small forex brokers as most of them are cheaters.

All the best in your research.

-Purav

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I’ve seen references to Forex investing. Could someone provide details on it.

Foreign exchange is changing one currency for another as they fluctuate in value against each other.

Here’s the simplest example I can give you. All the numbers in this example are completely made up, and do not indicate real exchange rates. Here we go:

Imagine that you’re in San Diego, ready to cross the border into Mexico for a day trip. You have $10 US in your pocket, and must change your money for Mexican pesos at the border. The current exchange rate is 5 pesos per dollar. So you end up with 50 pesos in your pocket.

You stroll around for an hour, don’t buy anything, and decide to cross the border back into the United States. Once you get back however, the exchange rate for dollars/pesos has changed. It is no longer 5 pesos to the dollar. Instead, it is now 2.5 pesos to the dollar. Bad news, right? Maybe not.

Remember that you have 50 pesos in your pocket to change back into US dollars. Now, every 2.5 pesos are worth $1. Therefore, 50 pesos divided by 2.5 = $20. You get $20 back for the 50 pesos.

You started out with $10, and ended up with $20. That’s how foreign exchange works.

Let me quickly add that the example I just gave you is an extreme one. You won’t ever double your money in one transaction like this.

However, although the numbers are exaggerated, this is exactly how foreign exchange works. And, via the internet, you don’t actually have to cross any international borders. You just do it online from home.

And as for the "Forex For Dummies" book, don’t bother. I read several books when I first started out, and of all those books, the For Dummies book is the one that I found to be least informative, by far. It had kind of a just-thrown-together feel to me.

And DON’T pay someone thousands of dollars to learn their system. If their system worked as well as they will tell you that it does, they wouldn’t need so much money from you, would they. They’re just scam artists.

If you email me, I can give you some general pointers. Ultimately though, you will develop your own trading techniques that will be unique to you.

Realize that this is not an easy market to learn. If you do learn it though, you’ll make a lot of money from it.

Good luck to you.

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I would also like to add that before i take any profits, my number one priority is to return his amount invested.
He thinks i should give him back 2/3 of the profits, even though i will be doing all of the work, so, what do you think is a fair share?

He is providing capital and bearing the risk of capital loss- that is his contribution which makes it perfectly fair. You could always charge him a service or management fee for performing the service (say 1.5% of contributed capital) but if it’s all within the family, I don’t think you should be too fussed especially considering he’s essentially lending you money with a high risk of loss!

That being said, as an avid physical and margin FX trader myself, there are many risks and pitfalls involved so don’t try too hard to count your chickens before they hatch!

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I am planning to invest my money in forex. Before i do so, i would like to learn the basics in forex trading. For this purpose i need few books or may be some reference site to get a detailed knowledge about foreign exchange.

There are several websites that allow you to learn the basics for free. I’ll let my favorite free websites on the sources.

Good luck.

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What I’m getting at, is that people tend to lose themselves, lose sight of their ideals if they became a successful trader. Whether it by Chinese oligarchs who live more lavishly than Goldman Sachs execs or a typical Wall Street trader.

No. The entire premise of communism is public ownership of capital. The stock market directly allows for that. A worker can go purchase as much stock in a company as he can afford, and in so doing becomes an owner. The stock market, and public ownership in general, is only non-communist in the sense that it is individuals, rather than the government, that owns the means of production.

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Is it safer way to invest in forex trade to get best returns?

with the right tools, it is fine………check out premiere trade

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my friend introduce me to this company forex macro and told me about investing in it. well i done my own research and found that there are people who are please and made some profit while there are some websites which declare it a scam. my friend invested 3000 dollars and on his account it shows profit of 21 dollars per day. i only invested 200 dollars and i’m getting 93 cents per day with the fixed plan just to taste the waters. i want to know of people who actually invested it and there replies good and bad. also i would like to hear if anybody had any problems withdrawing money when they cashed out.

Simple answer. I just went to the web site.

I have no doubt that this is a total scam.

Stay clear of this rip off. This is like Bernie Madoff’s ponzi scheme. You will be paid by the deposits of others. eventually these things blow up. 100% guaranteed. You need to look at yourself very closely. Why would you believe these claims in the first place. The claims they make are blatantly ridiculous.

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I would like to know about some reliable companies who can invest money in forex trading for me and give me a fixed amount as profit. What are they called? Is it forex fund managers?

You can find some company name related on invest in forex here ..

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