Forex Market. Can a regular income be made?

Question

I was hoping that someone could help me out. I am wanting to trade in the Forex market but am wondering a couple of things:

1. Is there a "school" that I could go to that would teach how to trade and stay profitable (Personally I NEED a classroom setting to really learn something. I know it can be done online but online does not work for me)
2. What is a reasonable expectation of what can be made from month to month and from year to year. Could a person expect to make $100K per year, $1 million per year? I have heard people say that you should be able to, at minimum, double your money consistently in a month. That sounds to high to me.
3. What kind of daily time investment would I be looking at? If I COULD double my money every month but I would have to be hands on for 12 hours a day 6 days a week it would not be worth it to me. Could a good income be made in 2 hours or less per day?
I am basically looking for a good school to get me started. And what I can expect.

just so everyone knows. if you post a link that does not have revelavent info on it but only google adds I am not going to report you but will make sure that your ctr stays WELL over 1000%. I welcome everyone who is looking to get ban from adsense.
I asked the question to get a real answer.

Answer 1

NC, has the best info.
Only thing I will add is that you will be trading on margin.
Some of the exchanges will 'guarantee' you will not lose your initial investment. They do that by putting a stop lose on your position, which you have no control over, and will take you flat in a heart beat if they think you are going into the hole.
Even with that 'guarantee', you can still windup owing them LOTS of money.

Answer 2

First of all, forget regular income. Currency trading is a volatile business. So much so that about 15% of traders exit every year (translation: the average trader lasts about four years).

Now on to your questions:

1. The best school to go to is a PhD program in statistics with emphasis on time-series analysis.

2. CSFB/Tremont tracks about 30 hedge funds that invest in managed futures (including currency futures). On average, these funds made 6.50% a year with standard deviation of 12.00% between 1993 and today (S&P 500 returned 10.38% a year with standard deviation of 14.57% during the same period). The good news is that correlation with the stock market is negative, so stock investors can profitably diversify into managed futures...

3. Daily time investment depends on how much you can automate your trading. It can be zero if you can write software that will trade for you.

Answer 3

You can go to forex.com and open an account. They have some course for you. Yes trading in money exchange is consider safer than stock but you have to know how. Otherwise you will loose them all easily. It's good to know this is 1 more way to make money.
Sincerely
Mr. Vu

Answer 4

The Forex market is full of scammers and people who sell questionable products than make them rich and not you. I would advise against Forex trading. You are likely to lose your money. Forex is useful to companies that make money in one country and need to exchange it for money in another country, but most individuals who trade Forex lose money. Read the links:

Answer 5

A will share with you a important hint....do a search on the words "stop loss", if you understand "stop loss" you are on your way to making real money (safely)

Answer 6

yes you can but first try www.babypips.com and IM me tell me what you think happy trading!!!!!!

Answer 7

YES , just here ; talk business?

Answer 8

yes i think so it can be made