Forex Currency Trading?
August 4th, 2008
John asked:
I am looking into opening an account with forex and I had a few questions.
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!
GLADFELTER