Complete Noob Here...
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  1. #1
    Join Date
    Jun 2006
    Posts
    7

    Default Complete Noob Here...

    Okay, so I'm totally new to the world of forex trading. I've looked around and managed to learn that it has to do with the rates of exchange...beyond that, I'm pretty much lost. What is it? How do you do it? How different is it from stock trading?

    See, I told you I was a noob....

  2. #2
    Join Date
    May 2006
    Posts
    126
    LOL, don't worry, Sweet Charity I am also a partial noob LOL!
    Anyway, the way I understand is that forex is currency trading, and stock trading means shares of stocks/commodity.
    Those who are not noobs, am I right ?

  3. #3
    Join Date
    Jun 2006
    Posts
    7
    Soooo...you buy another country's currency (or just exchange some of your currency for some of theirs?) and when the value of their currency in relation to your currency changes, you either make money or lose it? Is that right?

  4. #4
    Join Date
    Jun 2006
    Posts
    14
    Hi, though a newbie, this one you're talking about Sweet Charity is about Forex trading, the value of the different currencies fluctuates and in the process, when you trade on them, you either lose or gain.

  5. #5
    chasingFX Guest
    Take a few minutes and read through the Quickstart section again... specfically THE SKINNY ON FOREX and HOW YOU MAKE MONEY. You will be enlightened.

  6. #6
    Join Date
    Aug 2006
    Posts
    5
    You should also invest some time and possible money on extensively reading about the subject. Remember to always do research before you attempt anything that could cost you money.

  7. #7
    Join Date
    Aug 2006
    Posts
    9
    That's some sound advice there. I can never stress enough how much doing a few hours worth of research will pay off in the long run. But you shouldn't stop there. You need to keep continuing to research and read as your progressing.

  8. #8
    Join Date
    Aug 2006
    Posts
    2
    This post was a nice read for me. I came here a noob (still am) but I'm reading the quick start section to understand more about this.

  9. #9
    I'm with Nogard (not literally but in the sense of.. never mind..). I'm going to read and keep in touch with all of you guys and hope soon not to be so much of a noob!

  10. #10
    Join Date
    May 2006
    Posts
    126
    I understand how hard it really is for newbies to understand right away. Wish it is that easy as a click of a mouse to learn FX.

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