Starting FOREX: Exchanging money?
learn at http://www.babypips.com/practice with play money http://www.oanda.com/their 'game' program looks 90% like the real thing - and will get you familiar with the programthe 'spread' is how you pay the bank for making your tradeit can vary from 2.5 to 5 - even to 10 pips (price incentive points) near the end of the trading weekthe stock market has a spread plus your brokerage fees (Scotttrade/Chuck Scwabb/etc)once you get a feel for it - I would recommend http://www.leveragefx.com/superb charts and information - and with your size account, if you let them be your introducing broker - you can have the $2,000 software (free!) and $100 monthly net feed (free!) for only 10 trades per monththat's the path I am on - may start trading with $2k in Januaryand by using good money management - earning only 1% a day - I can retire in 2 yrs2% a day in 10 months - it IS possibleps - they have a way to see the 'elephant tracks' - ie the level II traders who deal in millions of dollars - wouldn't you like to know where they are - buying or selling - you don't wan't to be opposite them or your stash will be trashed in a heartbeatthey have a few FREE videos on this site and they also have a mentoring service for a one time fee. It includes and hour at lunch each day - that you can record and playback later, and many more videos that you can watch numerous times. really know their stuff!all the be$t
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