50 Dollar Minimum Forex Mini Account – Is it Possible to Start Low in Forex?
Question : 50 Dollar Minimum Forex Mini Account – Is it Possible to Start Low in Forex?
forex mini
Best answer:
Answer by jwenting
The transaction fees would be higher than any profit you’d earn on a deal.
Don’t open a forex account, I know lots of ads are out there promoting forex but trust me stocks are much better and safer to start out with. Go for low risk, low yield stocks first since you are new at this. Read as much as you can and watch youtube videos and documentaries. If you find the topic interesting then open a brokerage account somewhere and start buying stocks.
I recommend a low fee brokerage like sogo who charge $ 3 a trade like I said before and also give you 100 free trades to start so make your first few trades really small ones.
https://www.sogotrade.com/Setup/Default.aspx?rf=392837
And if you like to read then hit amazon and look for 5 star reviews on books and try to figure out what you might like the most, daytrading, options, swing trading. Stay away from forex because it’s riskier than stocks for beginners.