Forex Exchange Blog

A T asked:


I am very new to investment. But since I have strong interest in the financial market, I decided to use $500 (the amount I can let go if I fail) and lean from actual trading…

… OK, I really want to make some money.

I thought I would do stocks, but since I have to pay $10-13 commission through online brokers, $500 initial deposit will go away pretty soon. And I want to start making money fast. So, I am now thinking about foreign exchange.

There are terms that I do not know. Would you please explain what Spreads and Pips are?

If I use online trading like FXCM for USDJPY, how much are they going to charge?

Which currency has the most return (most risk)?

I want to know your experiences.

I know I sound stupid because I do not know anything. I am sure many of you will say to put the money in CD or mutual fund. But I am looking for a way to make money instantly.

Thanks for your help!

MARKOWITZ