What is the minimum capital needed for forex, options and futures trading ? Free and recommended simulators ?

Posted on : 17-10-2006 | By : Chief White Halfoat | In : Investing

Forex


Hello guys,

I’m interested in learning more about forex, options and futures trading. I heard that there are mini or micro account that can go as little as US$ 200 or 300 dollar. Is it true ?

Also, any recommendations for free forex, options and futures trading simulators ? I know that some websites provide this service but usually the virtual capital is too high (10K or up), and I want to set the initial capital to small amount like US$ 300 or 500.

If possible, is there any recommendations for courses/books ? I’m not aiming for those “fancy” amount of income, several thousand/month is OK. Of course I’m not looking for courses that cost hundreds or thousands of dollars…
Thanks for the input. I agree that it’s a bit too much to expect thousands of returns for such a small amount of capital.

But, if I expect my capital which is around 300 or 500 to be doubled by around 1-2 month. Doesn’t is sound possible ????
My plan is actually something like this :
The capital will be 300 or 500. The goal is to double the capital by around 1 – 2 mounth(s).
When I have more money, I will buy more lots…

To make it safer, every time I manage to double the previous capital, I will do one more time before I plan to use more capital to trade.

It will be something like this (US$500 capital) :
500 – 1000 – 1000 (don’t use for trading) – 2000 – 2000(don’t use for trading) – 4000 and so on …

Now the problem is to find the system that are able to do this… Any recommendations ?

I personally distrust systems that cost hundreds or thousands or dollars. There are simply too many scams…

Is there a real working automated Forex trader out on the market?

Posted on : 11-10-2006 | By : Chief White Halfoat | In : Investing

Forex


No scams or fake sites please, just real information and programs that you can access through the internet.

is that true we can earn money through forex investment?

Posted on : 06-10-2006 | By : Chief White Halfoat | In : Investing

Forex


My brother in law didn’t work for 2 years and he is now doing the forex investment for 2 years, but until now he still didn’t earn any money, but he said he will earn a lot after he found a good strategy. He is now have a new born baby, and my sister need to work hard to survive. and my brother in law didn’t work any part time to earn any money, i’m worring about this. can anyone tell me that forex investment really can earn money?