Invest Odisha

Wednesday, July 8, 2015

I have started investing in Forex

As an equity trader , I have seen volatile of Indian share market, I have made some profit and also face some time loss, then I diversify some money in to commodity investment through MCX ( Indian commodity exchange). But while searching on Google about other investment options I found FOREX trading, initially I did not understand the trading method as I am having lack of knowledge about the currency value of different countries, then I got to know that even in Forex I can trade in Gold, silver, Crude oil etc which are generally I do in MCX.
So I started to learn further about their price fluctuations, the lot size, the margin money required and the profit or loss I might face due to my trading position adn strategy.
Then I joined to a demo trading account ( with InstaForex broker), and by practice I learn the above things and the interesting thing is they charge very less amount as brokerage as well as their price did not affect with the currency fluctuations in India as Indian commodity price does not run always with the value of International commodities price due to the price fluctuation between USDINR.
As the Forex market is open fr 24 hour so you can trade when ever you get free time or convenient for you.
Now I am trading with Gold metal only and hope very soon I will success to earn 1 million USD< and I will share my trading strategy and trading positions and profit/loss after I get success.