Tradefair & Financials
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I`m a complete novice,but would like to buy dollars as I think they are going to go higher,how do I go about this.Thanx in advance.
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Replies: 7
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Thomas Cook
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If you don't need the Dollars, then why buy them, simply use one of the many forex trading companies
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Andrew that`s what I meant, thanks.
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digdeep , dont use a 4x trading company unless you have 10/20,000 capital.They will force you to use leverage because thats all they offer.Small accounts are always wiped out due to market flucuations intensified by leverage.If you use a 4x company you will be a trader of dollas not an investor.To be an investor you will need to but a single contract with a dealer, cost approx 20,000$ US depending on the broker.These have much less leverage.An fx company will offer you 50/1 or 100/1 leverage, with inexperience that guarantees you will lose it all.
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Digdeep, simply open a credit or deposit account with IG, City, or Cantor (all ending with 'index'). It takes no time at all and you won't need to be concerned with the above
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Having said the above, as you are a novice, be very careful of currency fluctuations, they can move quickly. Is it trading that you really want to do ?
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this post has confused me???
why is the dollar going to rise? to what level? against what? |