The minimum deposit to start trading live at Forex Club is just $10. However, $10 won't get you far. Even if you are a great trader, the account this small won't yield more than several dollars a day. If you are aiming higher, consider starting with a larger account. We recommend starting with $500. This way you will gain access to our ColtFX 'trading system' that teaches you how to balance risks and rewards on Forex.
What Currencies to by or Sell::
There are two general approaches to understanding the markets, including the Forex market. The first - technical analysis - focuses on price patterns and uses charting tools to discover them. The second - fundamental analysis - regards price behavior as a product of economic and political events.
Some news from the Market::
Most Asian markets fell Thursday as investors tread cautiously ahead of a key U.S. jobs report expected to show unemployment hit a 26-year-high despite signs of recovery in the world's largest economy. European markets opened lower. Markets across Asia zigzagged in thin trade throughout the day before closing mostly lower, suggesting investors were reluctant to place bets for now. Oil prices slipped below $69 a barrel, while the dollar gained modestly against the yen and euro. Investors will be watching closely U.S. jobs figures, due out later Thursday, that economist say will show another uptick in the unemployment rate from 9.4 percent in May to 9.6 percent in June — marking the highest since 1983. Growing unemployment has kept investors on edge in recent months because it suggests the financial health of American consumers, whose spending habits are so critical to the U.S. economy and Asian exporters, is shaky.