Thank Q

Every forex trading engine/site out there is risky because they all leverage margins. To reduce your risk you may reduce the leverage and play like twice, five times of max ten times margin.

I have only traded on eToro that too almost two years back. There may be better platforms out there but I cannot suggest any other trading platform without using the same. You may experiment and find out or ask experienced traders.

Nevertheless, be very careful as you can lose money very very fast without proper knowledge of the trends and terminologies.

Tell me the beter sites to do forex trading and how

I’m guessing this leverage thing is like a loan and that is how they make their money – a bit like bookies for horses (!)? So in that case I’m going to look up micro accounts… I don’t know what the difference is here, just that you can work with small amounts? Is there a leverage pushed on here too?

Sorry about all the questions and thanks for the very informative article

By the way, please note that Forex trading in India (except for USD-INR via Indian participatory banks) is illegal in India for resident Indians operating with Indian addresses and bank accounts.

K.Jagannadha Reddy
chennai

Im not much of a risk taker , nor do i dabble too much in the stock market…. but this surely looks interesting..

Thanks
Sandeep
P.S – Ran a few keywords on Google Monitor, it worked very well.. thks for a good solution

iam timi from punjab …am into designing business and earning money from ptc sites and some times forex comp.

i would like to contact u on phone…can i have ur contact details

regards

Our representatives are only there to give strategic advice. Sorry, if they were a little pushy with you. As Ajith said, it’s risky to trade with small amounts and high leverages. What’s more, if you start out with a small account then any loss is much harder to recover. For example, if you have a $50 account and you invest $25 on a trade, and you happen to lose, you only have $25 left and you have to make 100% profit on the next trade in order to recover your losses. It’s never a good idea to invest more than 5% of your trading account on a trade – that is called money management, and our personal account managers can help you work out a good money management system. Plus, it’s also a good idea to take advantage of eToro’s first deposit bonus – because you only get it once.

However, if you do end up depositing only a small amount, we recommend that you start off trading micro-lots (lots of 1000 currency units), so that you can invest as little as $2.5 per trade.

I hope this helped, and we wish you happy trading!

Best regards,
The eToro Team

I know there’s a lot of marketing gimmicks for Forex trading on the internet. So here’s the truth, you can make loads of money fast with Forex.

BUT…

i) You’ll need at least a few thousand dollars in order to earn some income to pay for your bills etc.
ii) You’ll need to have good money management, emotions control, discipline, some experience, technical skills etc.

Yes, you still can make quite a lot of money if you just start with $50 or a few hundred dollars, but in that case you taking too much leverage and the risks involved is very high.

Anyway, there’s still a lot to talk regarding Forex trading. It’s not something that can be explained in just a short while, but with the right education, you can be successful.

Dan

- You have to start with a $500 deposit to get a PAM (personal account manager). If you are starting with bigger amounts like that NEVER EVER start trading without PAM instructions. You may lose all your money instantly. If you already an expert, you may take your trading decisions.
- To experiment with trading it’s always better to start with smaller amounts like $100. However, there’s a catch. When you have a small amount, your margin leverage will be higher. Something like 1:100 or 1:400 which is very very risky if movement is on the negative side. You can lose all you money in no time. In the best case, you can double or triple the money as well. Starting with higher amounts allows you to trade at lower leverage ratios where volatility is low.

I shall leave it to you to decide. By the way, I myself am not an expert in this area