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Thread: New to Forex

  1. #1
    Mc
    Mc is offline Junior Member
    Join Date
    Jan 2003
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    Default New to Forex

    Hi I from South
    Africa. I would like to start with Forex. I am not a brain at this market.
    1: How and where do I start?
    2: What do I need to start with?
    3: Are their tax to be payed ?

  2. #2
    witwolf is offline Junior Member
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    Jan 2003
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    Default Re: New to Forex

    Hi, MC

    I am self from south africa and are also trading - To start the first thing to do is to get somebody to trade through - Somebody where you can open your trading account - There is a lot of people that`s doing that and you should just watch out that you don`t pay to much or any extra fees - A trading account should be free and you should make sure that the pip spread is very low.
    You need about $200 to open a mini account and for a regular account about $1000 - After that you need to start to learn to trade good but that isn`t necessary if you use good forecasting software - Try http://www.forexforecast.co.za - They are good.
    For taxes - It`s your own responsibility to pay tax - The money you make you can put in your own bank account or you can keep it offshore and then just draw it in South Africa from a bank that supports the account.
    It`s all up to you.

    Cheers

  3. #3
    Mc
    Mc is offline Junior Member
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    Default Re: New to Forex

    Thx for the info ...have you got place or url that I use local ?
    How much time must Learn before I can trade ?


  4. #4
    witwolf is offline Junior Member
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    Default Re: New to Forex

    Basic trading is quick...3 months but to be really good take years

  5. #5
    Mc
    Mc is offline Junior Member
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    Default Re: New to Forex

    can your recommed come places where one can attend in CT

  6. #6
    usd001 is offline Junior Member
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    Feb 2003
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    Default Re: New to Forex

    You can try this web site, it`s got alot of info on forex and they also provide online trading. Check out the presentation.

    Hope this helps.

  7. #7
    usd001 is offline Junior Member
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    Feb 2003
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    Default Re: New to Forex

    http://www.forexsupport.net/sib1018/




    You can try this web site, it`s got alot of info on forex and they also provide online trading. Check out the presentation.

    Hope this helps.

  8. #8
    kurmuk is offline Junior Member
    Join Date
    Apr 2003
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    2

    Default Re: New to Forex



    Does FX trader.Net is regulated by NFA or not ?if not what regulation which may apply to this firm as matter of protection from rip off?


  9. #9
    forexcliff is offline Junior Member
    Join Date
    Aug 2003
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    Default Re: New to Forex








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