admin answers:

Anyone can become a currency trader.

You will find most of the online brokers allow currency trading in some form. You can trade the currencies themselves, use options, or through a variety of ETF’s. Warning it is high risk, so open a paper money account & trade pretend money at first

Currency trading is a very high risk form of speculation as you usually trade on margin. This is you borrow most of the money to trade. This is fantastic when everything goes your way, but it can very quickly wipe out your account if your not careful.

I like the risk/reward ratio & use call options to control my risk. I by a call option to trade a currency pair [say AUDUSD] at a certain price up and until a date in the future. I pay a premium for this. The premium is the maxium amount that I can loose. My profits are smaller they could be, same can be said for my loses.

Why not start with one currency, then see how you go.

My website has a free newsletter you might like to look over: http://www.thedailytradingreport.com

admin answers:

Check the website below where the top forex trading programs have been reviewed. I feel it will definitely help you in selecting what you are looking for.
Hope it helps

http://money-review-site.com/investment.html

admin answers:

Trading currencies is a fast paced way to both win and lose money. More than US$2 trillion of currencies are traded daily among brokers, traders, banks and individuals. Unlike other stock transactions, when someone wins a trade in currencies, someone else loses. The fluctuations are based on buying and selling one currency against another and can create large losses and equally large wins, offering no assurances either way.

Function
Individuals who trade currencies online do so through brokerage houses using various trading platforms. The currency movements are called pips and are defined as “the smallest price change that a given exchange rate can make” by investopedia.com. Each pip has a value, generally the equivalent of 1/100th of one percent of a currency unit — in the case of American dollars, a pip would be 0.01 cent, or $0.0001. When you trade currencies, you choose which pair you think will move based on economic factors and trading strategies. If you think that the euro is ready to increase in value and that this would cause the dollar to decrease, you could either buy euros or sell dollars, making money either way if you are right.

Types
Currencies are traded in pairs against each other such as euro/dollar or British pound/yen. The most commonly traded currency is the U.S. Dollar, USD, due to its liquidity. Other actively traded currencies are the euro, EUR, Japanese yen, JPY, British pound, GBP, and the Swiss franc, CHF.

Considerations
Currency trading is as safe as your available account balance. Traders set stop losses or triggers that indicate how much you are willing to lose on a given trade. The market fluctuates enough so that if your stops are set far away from the low or high point, you can absorb the fluctuations easier and make money. If your account balance is low, you have less money to lose so your stops have to be tighter. Market fluctuations will likely cause you to lose money based on your inability to ride the ups and downs.

Warning
If anyone tells you that trading currencies is a safe way to make money, be very wary of what they might be trying to sell you. Trading currencies is not safe for small traders with limited resources and little knowledge of market movements. The safest way to trade currencies is with a large cushion in your margin account, to always use stop losses, and to remove your winnings as often as possible.

Benefits
Trading currencies can be a lucrative way to earn a living, if you take proper precautions with each trade. Most brokerage houses offer demo accounts so you can learn the particulars of trading before using your money. These demo accounts are helpful, but there is a significant emotional difference when you are trading with your own money. Keeping emotions out of currency trading is one of the most difficult aspects to learn and practice. If you can master your fears and your greed while maintaining a sufficient account balance to absorb the fluctuations, you will have a better chance to benefit from currency trades.

admin answers:

This is known as the yen carry trade. Japan currently has very low interest rates compared to the US. What investors in Japan have been doing is that they have been investing in the US, hoping that the extra interest they earn on USD (US dollar) investments exceeds any appreciation in the Yen (JPY). Therefore they would exceed the return of just investing in JPY denominated assets. They are essentially short JPY, long USD.

As a US investor, you would typically just invest in USD. To do the yen carry trade, you would still invest in USD denominated assets, but you would then short the JPY.

Note that this is speculative in nature and I would not recommend it unless you understand the risks. If the USD appreciates vs the JPY, you will lose money vs. Just investing in USD.

admin answers:

Theres not going to be a recession, there hasn’t even been a correction (10%). Consumer spending is steady, there is ample liquidity and the Fed is acting as a lender of last resort. On top of all that GDP is still on path to grow but just at a slower rate. All the professionals are buying heavy right now (Because 1) you don’t buy equities at the top 2) Too much positive analyst coverage results in inflated prices (therefore negative coverage will allow you to get in cheaper) and 3rd If Warren Buffett would drop a couple of billion into Countrywide there is obviously coming stability in that sector. If you are so sure of yourself then short the market.