PipTrader - website? Has anybody used this website for trading?
2006-08-02 11:40:06 · 10 answers · asked by agrika 1 in Business & Finance ➔ Other - Business & Finance
You can make money, but you can just as easily lose money. The prices on the currency market, like the stock market, are set by data and information available to the public, so unless you know something that others don't, the prices in the market have already adjusted accordingling. Thus, current currency prices are based on what all the experts and data say they will be in the future. Essentially, you're competing against supercomputers running data analysis and highly educated professionals who trade currencies for a living. Of course, even if you get luck and make a profit, you pay a commission every time you make a trade. So not only do you have to "out guess" the market, you have to "out guess" it enough that you can pay off the trade commissions. If you have extra money lying around, you're best bet is to invest it for the long-term, not try to make "easy money" out-guessing the market.
2006-08-02 11:56:54 · answer #1 · answered by NM505 3 · 0⤊ 0⤋
If you have the money to lose then go ahead and try, Better persons and more knowledgeable than you have lost millions,, (Nick Leason tried it and he was an expert) but if you look at it like a gamble, only invest as much as you can lose.......
I dabble in the Stock exchange, and am well "UP" but I have software to help, but I set my limit to 10% gain (better than any bank) some of my shares after selling went up 40% but then, I was happy with the proffit... They could have gone down...
2006-08-02 11:47:28 · answer #2 · answered by BackMan 4 · 0⤊ 0⤋
A common misconception is that you will have to be a financial and business expert in order to successfully trade binary options. However, this is not true at all. Learn here https://tr.im/ZEqmL
Perhaps it’s true when it comes to traditional stocks trading but definitely not true in the case of binaries. You don’t have to be an expert to predict the movement of certain assets.
2016-02-15 03:59:05 · answer #3 · answered by ? 3 · 0⤊ 0⤋
Don't know but hey thanks, will check it out for myself. Want to take a look at FXCM video demo. Watch it from the link below. And as for making money, yeah sure, and also losing. Before you start, get hold of some really good books, especially by Dr Alexander Elder. You can buy them from Amazon.
2006-08-02 15:37:58 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Not used that web-site but you can easily make a profit if you judge the markets right.
2006-08-02 11:43:32 · answer #5 · answered by keith 4 · 0⤊ 0⤋
you got enough millions to make a decent profit then?
its no good doing it unless you have a cool million sterling to start with..
2006-08-02 11:44:56 · answer #6 · answered by hondanut 4 · 0⤊ 0⤋
it's very difficult and RISKY to make a significant profit of more than a few bucks.
2006-08-02 11:43:42 · answer #7 · answered by Cheesie M 4 · 0⤊ 0⤋
No, but it sounds like a bad idea. You obviously haven't done your homework, so why would you jump into it already? I hope you lose everything.
2006-08-02 11:43:31 · answer #8 · answered by haha 4 · 0⤊ 0⤋
dude go with penny stocks and try learning from allstocks bullentin board lol bro
2006-08-02 11:56:48 · answer #9 · answered by marinecorpsmos 2 · 0⤊ 0⤋
no not likely
2006-08-02 11:56:13 · answer #10 · answered by jack jack 7 · 0⤊ 0⤋