2006-07-06 20:09:45 · 12 answers · asked by Tony H 1 in Business & Finance ➔ Investing
I am an experienced trader. No its not a get quick rich scheme!! Its a "lose all your money scheme" unless you know what you are doing, and are disciplined, and can handle fast losses and fast profits. If you want to know how to trade, be prepared to spend say $10,000 on learning the basics first.
2006-07-06 21:04:22 · answer #1 · answered by Inquiry mind 1 · 0⤊ 0⤋
1
2016-12-24 19:45:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No it is not..real investors are making real profits. It is more for those who have money to put aside for investment not from what you have to use to put food on the table. You should study the markets and trends for as much as 6 months to a year before you really decided to trade. It is very aggressive but very profitable but you have to know exactly what you are doing. I am trading a demo account right now through IFX. Website is www.cbfx.com. I learned this from my ex- he has been studying the markets and attended siminars for the past 8 months before he decided to trade live account. There is an event comming up in Vegas on Forex Trading that you check out.
2006-07-06 20:23:37 · answer #3 · answered by somjzmine 1 · 0⤊ 0⤋
In forex trading many people think that the more complicated a method they use in forex trading the more likely they are to make money. The fact is that is not a truth the simple systems work best. As you know there are two main ways to analysis the currency rate: fundamental technical analysis. Simple systems are more robust easier to trade with discipline as you understand the logic can therefore follow it with confidence when it has a losing period.
2016-03-27 07:36:56 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If there is a prolonged and considerable movement in the value of currency like the asian financial crisis of 1997, yes, you could get rich quick.
Of course, if by scheme you mean as in you are being scammed, it's difficult to say. You better study more about the currency and the economic trends of the countries involved. Then you use your own judgement.
2006-07-06 20:15:56 · answer #5 · answered by Odin M 3 · 0⤊ 0⤋
No.
Be cautious though. Only 1 of 10 makes money in FOREX. Learn as much as possible (take six months to a year) before taking "real" money into this market.
2006-07-07 01:07:21 · answer #6 · answered by Common Sense 7 · 0⤊ 0⤋
No idea about that...
but am a professional day trader, who teaches trading to beginers in free time.. especially when there is no earning season going in the market..
let me know if you are interested.
Girish
Learn day trading online for free, day trading lessons free, free online trading course:
http://lansing.craigslist.org/fns/172121865.html
2006-07-07 02:03:18 · answer #7 · answered by kgirishraman 3 · 0⤊ 0⤋
Not at all. You may want to research your route. Remember the main thing Commodities have over Forex is that Commodities are regulated by the government and Forex is not. Just remember that government protection is good when you are investing.
2006-07-07 14:02:22 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Yes in some backward countries who still have 19th Century foreign exchange regimes or laws.
2006-07-06 20:53:26 · answer #9 · answered by Anonymous · 0⤊ 0⤋
no it is not. You can make very good money but you need a lot of understanding and training to do so.
If you don't have the knowledge or a large amount you can lose don't do it
2006-07-06 20:14:13 · answer #10 · answered by ML 5 · 0⤊ 0⤋