The forex markets are the biggest financial exchanges on the globe. They are where countries, companies, and traders go to speculate on currency fluctuations or to hedge their bets against inflation. If you would like to invest in forex but don't know how, there are a few key things you have to do to get started.
Find the approach you like. There are basically three ways you can invest in the forex markets. You could give your money to someone else in a "managed account" and have that party invest it for you. You can buy trading signals that tell you what to buy and when to buy it. Or you can learn to invest in the forex markets yourself.
Get a managed account. This is the easiest way to invest in the forex markets. The question is, how do you know whom to trust. One way is to see what other people who have invested with a manager says about that manager. A great place to get ratings for different managed accounts is at ForexPeaceArmy. This forum concentrates on forex, rating everything from managed accounts to brokers, software, training and signals services.
Buy forex trading signals. You can find plenty of services which will allow you to buy their signals. This generally costs any where from $50 to $250 monthly as of 2010. You'll find these listed with ratings at forums such as ForexPeaceArmy, EliteTrader and Trade2Win. You may also sign up with services that auto-trade. What this means is that you could hook up your forex account to a signal provider and let it trade your account for you. You will find services like these at ZuluTrade and Tradency.
Learn to invest in the markets yourself. This is a long and challenging journey. However, if you'd like to start it you'll need some training. Good luck and good trading!
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