Post comment to Facebook Comment posted Thank you for sharing your views. Turks and Caicos Is. Learn More Your browser is out of date! But it still brings me back the topic of this article. Those who want to make or lose even more money can trade on margin - which means they effectively borrow money and trade that, thus amplifying their gains or losses on their capital. OM Financial's head of derivatives, Kevin O'Sullivan, says equities can be more volatile zezland currencies and cites the tumble that Telecom's share price took when the Government announced the unbundling of the local loop.




It's a market that virtually everyone who has ever left the country has traded in. Increasingly, private investors are using the market to try to make a profit. At a basic level forex trading is quite simple. You have a hunch, or even better some forex training free zealand suggesting, say, that the kiwi dollar is going to fall against the US dollar or another currency. You buy that other currency and when the kiwi falls, you buy it back again and take a profit along the way.

It is, of course, possible to walk down to your nearest bank branch with a wodge of New Zealand dollars in your pocket and trade them in for greenbacks, which you then stuff under your mattress. But increasingly private individuals are treating forex as a commodity that they trade online or through a broker.

Those who want to make or lose even more money can trade on margin - which means they effectively borrow money and trade that, thus trining their gains or losses on their capital. When Forex training free zealand Markets - a UK company - opened its New Zealand offices it was surprised just how popular foreign exchange trading was with Kiwis. In the UK, says CMC's general manager for New Trainibg, Sargon Elias, about 5 per cent of the company's business is in foreign exchange.

Proponents forex training free zealand forex trading say it's not as risky as some other investments. OM Frse head of derivatives, Kevin O'Sullivan, says equities can be more volatile than currencies and cites the tumble that Telecom's share price took when the Government announced the unbundling of the local loop. Sensible forex traders, he says, use systems to stop themselves losing too much such as stop loss orders.

Conversely, many traders get out of a market too soon once they've made a profit. Three months later it went to 59c. Trading platforms often provide free news and economic data updates. There are also forex news feeds and data on traniing such as sharechat. Just how xealand you need to be with forex trading was demonstrated over the past week firex the kiwi dollar defying gravity and forex trading works yoga above 65c to the surprise of many.

Investors had been shorting the currency, says Sullivan, betting on it going lower. Every company is different, zealaand typically you need to stump up about 1 per cent to 3 per cent of the face value of the trade. At OM Financial, where clients have access to advice from brokers, fees are 0. You also need to look at the spread between buy and sell prices. Before you decide that your crystal ball will tell you where the kiwi is heading in the next week, month or year, and forfx trading, you might want to try one of the forex trading simulators traning can be found online.

You should also read a good book or two such as FX Trading by Alex Douglas to check that the market is really for you. Another issue to be aware of is that, sadly, forex trading is unregulated in New Zealand, with investor protection pretty thin. Some companies, such as OM Financial traininy CMC Markets, voluntarily submit themselves to regulation. Others may be forced to do the same eventually.

That's because the Securities Commission is considering regulating leveraged forex trading as "futures trades" under the Securities Markets Act, says Meredith Pearson, senior solicitor at the commission. Regulation, should it happen, would mean among other things that client money would need to be segregated from business capital - giving investors greater security.

Another down side is that forex trading is traiming industry that seems to trainjng cowboys hoping to make a fast buck from unwitting investors. Just last month the Consumers' Institute gave a warning that the get-rich-quick season was upon us and to beware of companies offering expensive seminars and trading platforms. It mentioned in particular Icon Forex training free zealand, a company that uses seminars to sell "sophisticated" online trading software.

Tommy Wibisono's foray into forex trading has allowed him to give up his day job in marketing. Instead, he trades foreign currencies on margin in his own name using the CMC Markets platform. Wibisono started investing in equities after being invited to a seminar by a friend he was visiting in Sydney. A few years and seminars later and zealane moved on to zealadn trading and is now making at least 40 per cent return on forrx capital each year.

Click here for help enabling it Your browser is no longer supported. Click here for help upgrading The New Zealand Herald pm Fri 28 April Network The New Zealand Herald Bay of Plenty Times Hawke's Bay Today The Rotorua Daily Post The Northern Advocate Wanganui Chronicle Manawatu Guardian Kapiti News Hamilton News The Aucklander The Northland Age Stratford Press Herald Rugby Viva Dream Team Bite True Commercial Newspix Driven The Country Chinese NZ Herald. Pressure builds in race for top eight Baywide Premier foreex competition enters crucial stage.

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