Thursday, September 27, 2007

Trade Forex

Hi Guys,
Small idea for you guys....Start trading on foreign exchange. There are lot of on line sites available now for this. I recommend you to go to www.oanda.com this is a US based company registered with Securities Exchange Commission in US, and with a good asset base and stable company. You can try trading some currencies. They have game accounts too.. that’s 100% free. First you can give a try. Actually I also tired once. And still I have an account opened with them. I did not do it very regularly and was never in constant touch with the market and could not do much there. But if you can spare few minutes per hour you can make some good profit. They allow you to gear up to 98% that means if you deposit 1000USD you can purchase currency up to 98,000USD. But be don’t gear up to that level, You may go up to 80% and have a cushion to absorb market fluctuations , if not you will loose every thing...

One more idea, guys who do not have time for trading, invest some money in a managed portfolio, you may start with $1000 or more and keep contributing some thing monthly, if you select a high yielding portfolio (You have the risk), though you don’t make money like trading, after some time you will have some wealth created for your self, definitely better than save in a bank (don’t forget the risk factor)…

4 comments:

Asela said...

Tell you what machang. Shall we all pool and create a fund, say 12M3 start with small amount say 200 AUS (each). Then apoint you as the account manage and you do the trading. Since you are the trader you get 1-2% of all the profit. We'll ask everyone we know and we trust and who wont 'cry' for the loss of 200 (Since there is risk involved) to join in. What do u say guys?

Saranga said...

Good idea machan ... This is not the first time that we tried to start a pool or pot or whatever .. :)
Anyway I'm in ...

Anonymous said...

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Anonymous said...

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