Is forex dealing a good option for investing?
Question by memagna: Is forex dealing a good option for investing?
There quite a number of companies promising good returns in forex,some of them are promising upto 5% returns. Any body knows dealing with forex which are not scam.
can anybody also give me names of companies that can invest forex on my behalf.I am uninitiated as far as forex dealing is concerned.Any company that ican invest in forex ,they do the neccessary investmentand give me back the returns/profit
Best answer:
Answer by aldrlandon
My dad does a lot of forex trading and has made great money off it. He has friends that started out with 100 grand and are now billionaires.
Add your own answer in the comments!
Overseas time deppsite are better.
Try this Bank called KBL in Luxembourg.
Look under FX Time Deposites!
1) Yes.
2) forex.com
There are many FOREX companies out there. Most are legitimate. No or little “regulation”. Do some web searches. Read reviews of service (threads on boards).
This is a great market…. know it well before you trade. Take 6 months to a year to learn. If you don’t… you’re just gambling & will lose your money!
Even after 6 month to a year, you will probably lose your money. 90% of FX traders lose their monmey! If you get a demo account, (Oanda.com has a good one), you can practise with demo money on the real FX market. One fx investor is quoted as saying,
“There are approx. 36 steps to being successful at FX Trading. If you have tried FX trading, and failed badly 36 times, then you may know enough to profit regularly”.
…or, you can invest your money with the pros….
Here is a great way.
www prospera-fund dot com
here you can invest money to earn 10% a month compounded! This was my sons only hope to buy a house these days. After testing with 100.00 it works, and invest more, four different options, all 10% amonth, “ofshore investing”.
Examples of compounding: 1000.00 after one year: 3130.00.
or, 200.00 after 5 years: 60,000.00
Do it, and forget it for 5 years, you’ll not be sorry.
Source(s):
http://www.prospera-fund.com
refer. luckyrick
If you don’t understand FX investing well, I suggest you let a company do it for you and invest in that company or broker, or you could end up a very poor person.