The first two questions beginners ask are:

1. Why should I trade foreign currencies?
2. Which currencies should I trade?
   

Why should I trade foreign currencies?

With leverage of up to 200:1, you have the potential to make large profits. For example, a five-cent move in the price of the euro could make you $5,000 with a margin deposit of just $1,000. Of course, the high degree of leverage available with forex trading can magnify losses as well as profits. But by using guaranteed stop-loss orders available with RefcoFX, you can limit your risk to an amount you choose. Plus, the $1.6 trillion forex market is the most actively traded and most liquid market in the world (46 times larger than all futures markets combined). You can trade 24-hours a day – and you pay no commissions or exchange fees on any trade. Register now and you can compete for $5,000 in monthly prizes in our risk-free demo account (Competition details).

Which currencies should I trade?

We'll help show you how to pick a trade!
With the RefcoFX trading station you have the top-notch research (including access to specific trading recommendations) you want right at your fingertips.

• A state-of-the-art forex trading system you can try out FREE
• Commentary from a professional currency trader with more than 25 years experience
• Real-time, streaming quotes and charts
• One of the best forex news services around

Get started right now by registering for a demo account. You can also sign up for a Mini Account and, if you invest just $1,000, you can automatically participate in our monthly real-money trading competition with a first-place cash prize of $5,000.

Why continue investing in the stock market – or in junk bonds – when there are alternatives?
Right now, one of the most exciting investment trends of the new century is investing in foreign currencies. More and more investors are learning not to put all of their eggs into one investment basket such as stocks and bonds. You can start right now by trying our FREE RefcoFX Demo Trading Station with $50,000 worth of virtual money.