I would like to know about currency exchage investment..?

I am thinking about investing Forex kind of currency exchange on my own. How do I do that? I want to start with $100.00.

Hello Amina,

First, I would like to make sure that you are aware that before beginning to use real life trades, it is critical to use a demo account for at least two months in order to learn the market and to become more comfortable with the thought of using your own money for real investments. Checked? Great!

Now, here are some tips:

1) It is a repetition of the above statement but it is so essential that it is worth repeating. Do not rush in to enter into the real Forex market unless you have learned the rules of the currency trading game (and, by the way, until you are able to keep your emotions in check at all time - the psychology of trading is not to be underestimated). If your performance in the demo account is not consistent and profitable enough, it is better do some more practice before going for a mini-account (see 4)).

2) Educate yourself about all the currencies that you trade. The more you know about the countries whose currencies youâ€™re trading in the forex market, the more accurately youâ€™ll be able to predict which way the market will move.

3) Pick a forex trading system and do stick with it.
Savvy forex traders (and any traders, for that matter) will tell you that system is everything. Forex trading by system lets you automate your trades based on history, following the traditional peaks and valleys. Set up a system (which includes the definition of the risk level) and live with it at all time to make the most of your forex trading.

4) Practice makes perfect, but itâ€™s not the real world.
Practice forex trading accounts are great for learning how a particular trading account works, but theyâ€™re not the real world. I recommend that you start off with a mini forex account to minimize your losses while you get acclimated.

5) Beware of the margin.
Margin trading is a great way to lose a lot of money quickly. Simply stay away from forex margin trading until youâ€™re sure you know what youâ€™re doing.

6) Learn to cut your losses short (definition of stops is also a big part of your system). Ensure that your winning trades are much more than your losing trades in order to stay afloat in the competitive Forex market.

Stick to the defined system. No exception, that is, unless the system is not working. Then re-define it and, if possible, ask the help of a mentor to identify what is not working.

Regarding websites, for tutorials I recommend http://www.forexcentral.net/forex-tutorials Plenty of material there.

For a â€œhands freeâ€ approach, this website has worked wonders for me for months: http://www.forexapt.com/ - forex auto pilot turbo. It offers, among other features, high spread protection system and automated risk scaling. You don't have to be an experienced trader, you just need to follow simple setup instructions. This robot requires a very small investment, you can trade with as little as $50. Its risk controls and its ability to find profit opportunities are higher than any other robot.There is also a 60-day money back guarantee, which gives you the opportunity to buy the software, test it on a demo account for a month and return it if you don't like the results.
A totally different approach but you may consider it.

Good trading to you!

I trade on the Forex. It is both exciting and stressful. I get some good rewards so to me, it is worth it. I found an article on the topic for you.

There are many brokers out there willing to help you to start in FOREX trading.

1. Philips Securities
2. Saxo
3. Most Major Banks
4. Interactive Brokers - Cheap alternatives
5. FX Street

However, I reckon that the initial start-up is far more than that amount that you have stated. Usually, they will require a minimum sum. For example, Saxo may allow you to invest with a minimum of SGD 20k. You are entitled to leveraging your amount up to 100 times (SGD 2 million). However, this form of leveraging is highly risky. You may experience margin calls especially so during this period. Volatility is extremely high. I suggest you don't embark on it unless you are absolutely ready.

you may check your options in this site. it will lead you to a very legitimate, trusted and reliable forex trading site where you may open a "mini" account for $100 and at the same time get the services of a personal Account Service Manager or ASM as your mentor, consultant and trading partner. you can then talk live to your ASM via phone, email or chat and discuss every aspect of forex trading that you need to know. the site is also full of learning materials and tools to help you keep track of your trading activities. all the best.

There are online forex brokers that allow to start with just $100.http://www.fxpro.com is one of them.Not sure about others but I know for sure that one does.I would recommend that you try to educate yourself first on forex n all its elements.There is much to learn but babypips.com is a good place to start.Also google forex education,there are many free sites on the internet to learn about this financial instrument.You need to know what forex is how to trade the types of orders than can be placed n etc.Also learn about the indicators as well.After you get the basics I would start out with a practice account this allows to practice your trading n your strategy's without risking money of your own.I currently trade forex from day to day n this is how I got started.I hope that this helps you getting started in one of the most profitable financial instruments out there.Just always remember as with any investment there is always significant risk involved.

If I understand you correctly, you want to try your hand at arbitrage - trading currencies to take advantage of slight differences in currency values in different markets.

The arbitrage business is very risky. The markets are now dominated by privately held multinational trading companies that use sophisticated program trading software that is capable of buying and selling in a split second, around the world. They trade millions of dollars/euros/yen/yuan on a moments notice.

I guess what I am trying to say is that this is not a market for amateurs. Don't take this the wrong way, but any trading market is a competitive place, if not a zero-sum game. There are winners and losers, and you would be going up against competitors that have unlimited resources.

You are bucking very long odds trying to get rich in this market starting with $100. But if you are really intent on trying, do a simple search on public arbitrage trading - you will find more information.

Also, be wary of scammers. Arbitrage trading has a reputation (undeserved) for being a way for people to make a lot of money quickly and easily, so it attracts sharks. And guess who is the shark bait?

Your Trading Guide is here:

http://www.trade-miracle.com

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