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Currency trading

  • 03-06-2010 3:14pm
    #1
    infamous
    Closed Accounts Posts: 100 ✭✭


    What is the best way to invest in currency, what is a cfd, can you make money walking into a bank buying and holiding foreign currency then cashing in after favourable move or are the commission rates to high


Comments

  • #2
    UpAgainToday
    Closed Accounts Posts: 113 ✭✭UpAgainToday


    infamous wrote: »
    What is the best way to invest in currency, what is a cfd, can you make money walking into a bank buying and holiding foreign currency then cashing in after favourable move or are the commission rates to high

    Best way is to invest in the FX Markets with an online client

    CFD = contract for difference, just google it explains it well

    Unless your buying a huge chunk of cash and even then (a) its too messy (b) you have to then store the money yourself (kinda similar to buying actual gold instead of investing in an ETF)

    Practice on a free money FX account until the market stops owning you :)


  • #3
    infamous
    Closed Accounts Posts: 100 ✭✭infamous


    Thanks


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