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10 Things to Consider Before Investing in Forex

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On Jan 08 04:17 AM gr8trader007 wrote:

> I am taking forex trading course at www.secretsofforextrad.../.
> I find it really interesting and really usefull after reading your
> article, your advice. Thanks a lot.

10 Things to Consider Before Investing in Forex

Nothing wrong with Currency ETFs at all. When I trade spot FX, I'm not a daytrader at all. I'm in trades for days to a week or so at least.

The advantage to spot FX is 24 hour trading and no commissions. Plus the Currency ETFs are limited to only a hand full of pairs. But for some, that's all that they want. I trade about 30 pairs over about 10 different countries. So it gives me more variety..plus it gives me some emerging market currency exposure too which I like at times.

Thanks for posting and sharing your thoughts. I appreciate you reading my stuff.


On Jan 07 12:16 PM Internet2k4 wrote:

> I tried a reputable dealer's demo account (not yours) and was continuously
> electronically nagged to get into the game for real - the butting
> in by the service provider was so bad I never did sign up. On my
> medium term time frame for trading, I'm happy enough with the CurrencyShares
> ETFs, and now ProShares is providing double-long and double-short
> ETFs for EUR and USD / JPY and USD pairs. The Forex platforms seem
> entirely oriented toward day traders to maximize their transaction
> spreads, a different stroke for a different folk.

10 Things to Consider Before Investing in Forex

MyWealth.com has a relationship with FX EDU.com. They have the relationship with FXCM. They picked them to go through because they are one of the biggest forex firms in the world and one of the most highly regulated in the world.

Those are two very important things to have in a forex broker (market maker).

How well they are capitalized and how tightly they are regulated...both help to protect you.