How we earn commissions in forex trading online. Can you please advice about the websites offering this facility and how we can start their? what should be the minimum investment required? What is the scope of this business?
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There are many different on-line forex trading firms most offer mock accounts to try before trading with live accounts. Minimum investments are anywhere from $200 to $10,000. I use CMS Forex http://www.cmsfx.com/, but there are many different companies. Most of the trading firms don’t charge commissions, as they make their money on the spreads. Many different books exist on Forex trading. I suggest starting with: Forex Made Easy: Six Ways to Trade the Dollar, by James Dicks.
Warning: Forex trading is very difficult, and because of the huge leverage that most traders use, you can lose a lot of money very quickly. Practice for several months before you trade with a live account.
it is not like stock exchange it is little bit difficult than stock exchange if u r investing in this market before investing go through the Fonda’s of this market