I’m looking to invest around 100k into the forex…what is the best way to go about that.?
Hello Good Afternoon Yahoo Answers,
I’m not entirely familiar with trading the forex..but I do know the regulations have changed in the U.S. especially regarding leverage. I still feel with proper money management trading the forex can be rewarding. So being that said I would like to get into the game. But since I have limited experience I would rather have my money managed by a broker. So here are my questions…I have about 100-150k to invest into the forex market..how much return..could I possibly except with aggressive trading. Where can I find the top forex brokers. Around how much are their fees typically. And lastly I’m open to other markets. Please let me know if there are other markets to invest in that will bring me even greater profits other than the forex.
Thank you,
Madame D
Commodities Market. Commodity markets are markets where raw or primary products are exchanged. These raw commodities are traded on regulated commodities exchanges
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LikeDislikeThe forex market is a really tough gig. The Risk is very High, even if you found a good broker. What I would do is take most if not all your money and invest in an IRA account. If you want to invest in forex I would start out at 5,000 or 10,000 thousand especially if you want to go aggressive with it. If it does’nt work out for you then you have’nt lost everything. Because you can loose everything and fast. Good luck to you.
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LikeDislikeYou do realize that Forex trading is basically gambling? At the very best, it’s speculating. You risk getting eaten alive by the big sharks there. If you’re not convinced, go check out forums where people often post their “Diary into Forex investing” and check out their losses.
Why don’t you invest into something that actually provides returns in the long run?
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LikeDislikeConsider the people who are warning you about the difficulty in forex investing. It’s not an easy field to make money in. The changes happen pretty rapidly and there is a tendency to get over your head.
If you still want to invest in forex, a very good broker I have used before is Oanda. http://www.oanda.com
They have reasonable spreads (what forex dealers do instead of commissions) and reasonable leverage rates. They are open 24/7. They have been doing this for many years.
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LikeDislikeI have personally heard forex trading is bad, but I cannot judge unfortunately,
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LikeDislikeMost would recommend against it. But if you absolutely must. I say learn the fundamentals of trading on a demo/paper trading account first. Once your satisfied with how you are doing, you should take about 5-10% of your total amount and open an account with only that. Most likely you will loose this money. But if you can manage to break even or even make a profit with all the new emotions that come along with trading real money you are definitely on your way to making very good returns. Keep in mind, this journey is probably a lot longer than you think.
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LikeDislikeDo not invest yet and never trust a broker. You personally must know the fundamentals of forex before investing. You must try it personally before leaving it to the brokers. Forex is a tough and sometimes confusing task. I suggest, you must go on with tutorials before investing. Your 100k is not a joke. Don’t let it slip away.
I can recommend you this site. They offers a tutorial dealing with forex. try it for yourself.
Hope this one helps.
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LikeDislikeHi Madame D,
The best you can choose about forex, is to go with managed account, find a trader that can consistently profit your investment.
simply visit their website
Regards
Consultant
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