I know some of you might be too young to do this, but has someone actually try to trade currencies and made a profit? You can do so at
http://www.forex.com
I am actually thinking of trying it because US Dollar keeps going down, maybe I can capitalize this event..
Zac
Sry for the confusion..
EDIT
K got how it works
EDIT: it says minimum CONTRACT is "Mini (10K lots; 200:1 leverage)" 10,ooo? lol
Cheers,
Scanny
Currency is based on Gold. If you buy Gold, the value of the Gold will stay the same, but if you hold currency, the amount of gold you own keeps changing.
You need to know about the economies of the countries whose currency you are buying so that you can make informed choices rather than gut-feeling-bets. It's almost like gambling if you don't know about currencies.
Unre4L Wrote:Currency is based on Gold. If you buy Gold, the value of the Gold will stay the same, but if you hold currency, the amount of gold you own keeps changing.
Yeah, almost all currencies keeps depreciating against gold, but buying/selling of gold isn't as easy as foreign currencies.