| How does Advanced Currency Market / Online Forex work? I need your help!

How does Advanced Currency Market / Online Forex work? I need your help!

Mike asked:


There is a so-called ACM, a company in Dubai that works on forex trading and currency trading. Honestly, I almost don’t have any ideas about how this thing works. It’s like I have to open an account and invest money. I don’t know how it works. How will that benefit me? Will it make my money grow?

And there’s some kind of a software that has a lot of buttons, numbers, options, etc. I really can’t figure out how it works.

Please help me!

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3 Responses to “How does Advanced Currency Market / Online Forex work? I need your help!”

  1. sportz k on November 15th, 2009 12:50 pm

    Hey MJ, Forex means foreign exchange. Forex allows you to trade currencies with other countries. It sounds like you are a novice and it can be pretty complex stuff if you have never been exposed to financial markets and can be very risky if you dont know what you are doing. You could lose alot of money. I would suggest that you attend one of their workshops when they are in your area and also read over the information on their website. They have a section for people who are new to currency trading ,i think they call if Forex 101. You can also open up a practice account where you are trading but not with real money.
    radiology technician

  2. Learned guy on November 17th, 2009 4:30 am

    Forex is trading in foreign currencies. You can make good income with forex because it is much bigger than stock market. A lot of transactions being done every day here. You trade here in pairs. You sell one to buy another and in the process you make profit. Forex has an unique margin leverage system which allows you to trade more the amoun than you invest.

  3. jsforex.blogspot.com on November 19th, 2009 2:41 pm

    You probably know this, but making money in the forex market is pretty much the same as trading in any market–you make money when you buy at a low price and sell at a high price.

    You speculate in the forex market, not invest. There is a huge difference between the two. When you speculate, you know and understand that you can lose a lot of money, and also make a lot of money. Investing is different. One only expects to make money when investing.

    It takes time and resources from you to learn how to speculate in the forex market. From what you wrote here, it sounds like you do not know much about this market, which puts you at a disadvantage. As a newbie, you might lose a lot of money for some time before you can even break even.

    If you want to pursue this, it might be best that you open a demo account and see if you can learn how to speculate and make money in forex. If not, why not find a professional who can help you manage your account for you?

    Good luck!
    - Jim Syyap,
    Managed Forex Accounts