Hi guys im sure 1 or two of you here must have looked at forex at one time or another http://www.forex.com/uk/ its basically a FOReign EXchange currency market allowing you to invest in different currencies around the world it has an excellent peice of software with it that i'm using ATM and allows a 1 month trial account letting you play with £50,000 to see how you get on before investing real money im currently trying to learn the basics (buy low sell high) of the terms used Pips etc if anyone has used this before / anybody is interested i thought it maybe worthy of discussion as its pretty interesting stuff screen shot of the interface
I had seen some of this on youtube. The 'auto pilot' is something people are going nuts over. Claims to not require really any input once it is setup and running. People have claimed some significant turn arounds, but its only as good as your choices of investments. Some where claiming $5-$20k in a few months.
dangerous thing to get into if you don't know what you're doing. However you should perhaps look at spread betting on football matches/F1 for more thrills. Less graphs too
i like graphs besides i have made a good amount thus far on the GBP/USD maybe we should start a Bit-Tech Club £100 in and see what we get by the end of the month
I had played with it a year ago or so but lost my account. And i signed up again the day you posted this thread. LOL, they phoned me today asking if i had any problems with my trial account. I had used my real info incase i wanted to persue this FOREX thing, but damn, wasnt expecting a call from the US (I live in europe). Was on the phone with a guy who thought opening a browser and clicking on something was "Awsome!" and me finding a link was "Cool!"for 20 minutes. Think i might try out a mini account. Still trying to figure out thought, lets say for a mini account, you buy 1 lot of EUR/GDP. You have a 1:200 leverage, and standard a lot is 10,000 in a mini account. So really every lot is 50 Euro correct? So lets say i have a 10,000 contract in Eur/GPD and its gone up 20 pips. How much would i "really" have made, so how much would i get in my bank account.
right thats why i wanted to start this thread because to be honest i'm really not sure , i figure if you bought @ 1.00 you would make 20% on your outlay so £10?