My fiancée is very much into forex trading and has been doing it for a couple of years. Along the way she has made a few good gains and a some losses.
The last couple of days have treated her very well and she made herself a tidy amount of money. This is how – in mid to late July there was a sharp rise in the New Zealand Dollar (NZD) against the U.S. Dollar (USD) which saw it trading at about NZD/USD = $0.80. This changed in the last few days where it dropped to about NZD/USD = $0.67. She bought up a good amount of U.S. Dollars when the NZ dollar was high and as you might have already guessed, sold the U.S Dollars and made good returns.
My fiancée uses FXCM as a trading platform which she is very happy with. They have a demo account which she used at first and one of their representatives called her to take her through using their platform and a few tips on trading. Other popular platforms include Deltastock and Forex Pros with some of them offering free demo accounts and courses.
She started off with a simulation account and at the same time taught herself more and more about forex trading. She keeps up with what is going on in the news, markets around the world and follows trends.
I am going to do more research on forex trading and try out the demo accounts and will post any relevant and useful information I come across.
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January 19, 2011 at 10:00 am
It’s been a few years since this post was published. Is your fiance still making profits from forex trading? It’s nice to hear success stories from forex traders who are making profits trading over the *long term*.
January 19, 2011 at 9:22 pm
I haven’t done are forex trading in a while but I am thinking of getting back into it soon. Thanks for stopping by.
January 20, 2011 at 8:42 am
Good luck with it! I know how difficult forex trading can be, regardless what most people may think.