Answers
I have some knowledge of forex investing but not that much. I am wanting to find a website where all you have to do is invest money and they do the rest with trading, etc. Does anyone know of any of these sites?
There are many places anywhere where you can get people to trade forex accounts for you. But go for the government registered forex traders wherever you are, as this business has a lot of scams when it comes to people trading for you. My experience is that it is not a good idea unless you are a big account holder.
You have the option to trade forex indirectly through funds that have professional traders to trade and you just buy units.
Otherwise, I would feel it is better to learn to trade yourself.
Get a good knowledge and some good tools like Forex Killer.
Forex investment accounts trade currencies from around the world on the foreign exchange market through a Forex account or a Forex investment ...
Obviously I have a lot to learn before I decide to open an account on Forex and start investing but how much money would I need to start with to be able to make any money and to make it even worth the time and effort investing and researchign? I'm a college student so if it's more than a couple hundred bucks I'll probably have to wait.
Invest only what you can afford to lose. Most trading platforms offer mini accounts where you can start trading with minimum of $50 to $250. Trade only with leverage of 1:1 (only invested money) and never go beyond 10:1.
Be serious, and expect more out of life.
If you want to get into forex you should read this first.
http://allforexeveryday.wordpress.com
There's a lot of information there and I suggest using Forex Tracer. The people are friendly and will walk you through every step.
I've seen references to Forex investing. Could someone provide details on it.
I am interest in investing to make some extra money but i want to be really sure about this
It's a Ponzi don't touch it. Giveaway is there are no contact numbers on the website and the fact they are based in Panama.
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CFTC Charges Florida Resident And His Panamanian Corporation With Fraud And Misappropriation - At Least $16.4 Million In Customer Funds Solicited By Making False Statements, With More Than $2 Million Misappropriated For Personal Use
15/10/09
The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of an enforcement action against Trader’s International Return Network (TIRN), a Panamanian corporation, and its president David Merrick of Apopka, Fla., charging them with solicitation fraud and misappropriation of customer funds involving at least $16.4 million.
According to the CFTC complaint, filed on October 14, 2009, in the U.S. District Court for the Middle District of Florida, TIRN represented itself as a “private investment club” that provided various investment services, including foreign currency (forex) investing, through its purported Real Century forex trading program. As alleged, the defendants accepted at least $16.4 million from customers to participate in TIRN’s investment program; however, no customer funds were invested as described on the TIRN website and in TIRN’s written materials. The CFTC complaint charges the defendants with misappropriating customer funds for various other purposes, including diverting more than $2 million for Merrick’s personal use.
Community Articles » Forex Investing – Will It Work For Me?
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You are here: News\Exchange NewsExchange News Direct - Oct 15, 2009
TIRN represented itself as a “private investment club” that provided various investment services, including foreign currency (forex) investing, and more »Reuters - Oct 22, 2009
Currency exchanges are completed on behalf of Fidelity Brokerage Services LLC by Fidelity FOREX, Inc., a Fidelity affiliate and may include a mark-up. and more »Forexrazor - Oct 22, 2009
You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. and more »National Post - Oct 22, 2009
At World MoneyShow Toronto, mutual funds are yesterday's investmentThese preferences are reflected in exhibitor booths: largely discount brokerages; options or forex trading system vendors; makers of proprietary softwareMotley Fool - Oct 22, 2009
Is This the Answer to the Dollar's Demise?The extraordinary events that the US has faced since the financial crisis began last year have thrown the investing world into disarray.