Forex Exchange Info, Tips & Resources

b.o.r.e.d asked:


Hi,

I am going to India on a holiday. Where do you think I will get better exchange rates?

What are some of the places I can do it in Australia? I’ve heard about Forex, but the rates are too high!

What are the rates at Commonwealth bank? Or should I just do that in India? thanks.

Caffeinated Content – Members-Only Content for WordPress

John asked:


I read everywhere that 95% of forex traders are losing money. Why is that?

I have one of their practice accounts and I have a huge profit so far. Is the practice account really live exchange rates or is it rigged to make you think that you can really make money?

Create a video blog

John asked:


I am looking into opening an account with forex and I had a few questions.

I have on of their practice accounts and I like it but some times the exchange rates do not change. The rates freeze up from time to time. Why is this? Is the market closed at some time? Also is this just with my practice account or does this happen with live accounts too.

Another question is what is the minimum investment that you can start an account with and be able to trade? I know its like $250 or something, but when you trade, the smallest amount is like $100,000. I know that with leverage that can be $1,000 but is there any way to get that lower?

Thanks for any responses!

what is forex exchange