Forex Automoney vs. Forex Autopilot
Most Forex online brokers do not charge a commission, they make their money on the spread between the bid and ask price.If what I just said above is completely foreign to you, I suggest buying some books like "Trading Currencies For Dummies" and "Getting Started in Currency Trading".Many online Forex brokers like www.forex.com, www.oanda.com, and www.mbtrading.com all have play money accounts where you can practice, practice, and practice.Yes, you can start with $1000, but you will be buying and selling currencies on margin... again, if that sounds foreign, please learn about Forex before actually putting money in it.Is it realistic to say, "I want to learn poker, I have $1000 let's go to Vegas?"Uh, no. You get a computer program and a How To Play Poker book, and you practice without real money before you go to Vegas.Honestly, if you "never invested before", as you say, I wouldn't start with Forex. Currencies are usually something people move into after they have an understanding and significant exposure to equities/stock trading... Or better yet, experience in low-risk securities like money market accounts, CDs, and growth funds.Got to learn to walk before you run, as they say.Good luck !
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