GoldExchange.EU is an European e-gold and e-bullion exchange service. It started operation in April 2007 with low rates and fast service. I have used them more than 20 times and exchanged several thousands dollars worth of ecurrencies successfully. The only concern I could have with them is the fact they are very new. However the very low fees allow me to send small amounts at one time without paying bank taxes.

Buying Ecurrency

GoldExchange.EU sells ecurrencies for bank wire. The steps you need to perform are simple:

1. Fill the Buy e-currency form on the site.

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If you are one of the many traders who prefer trading thru their web browsers instead of downloading trading platforms (although download option is also available), you will like Finotec. The company is established in 1998 and since 2001 is offering real-time Internet trading in currencies, commodities, CFDs and Options.

You an either use their Java based online interface which works in Internet Explorer or download the 10 MB large platform for Windows XP.

Available currencies, Leverage and Spread

There are 13 major and 19 cross currency pairs for the Forex traders. The maximum leverage is 200:1 with 0.5% margin. The standard spread on the most popular pairs is 3 pips.

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Thinking that trading equals to gambling is the most certain way to lose all your money. If you just try to select currency pairs “by luck” and hope for the best you just won’t make it.

The trading education is the first vital step you need to take if you want to achieve success in forex trading. It’s much better to invest time and money into a good forex trading course rather than losing a lot more learning by the error and trial method.

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Can you picture yourself sitting in front of the PC screen with a glass of whine making thousands with two mouse clicks? And what about doing this just a couple of hours daily?

Unfortunately to achieve this you must first read big fat books on trading, technical and fundamental analysis and strategies. In addition you have to follow the news every day so you can take appropriate actions.

In the beginning most self traders stay on the PC all the day with red eyes and lose money with each mouse click.

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Think about what can happen with your money if you let it grow for few years at let’s say 75% yearly ROI. Just for five years they will double 4 times. If you invest $10,000 and don’t withdraw any of the profits you will have $160,000 at the end of the fifth year. For 10 years this money will be already $2,690,000.

This may sound like a dream, but is definitely achievable even if you are not a great trader yourself. Returns of 75% - 150% per year are not unheard in the Forex world - they can really be achieved with a good trading strategy.

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