Does "forex made easy" system work? Can someone explain the trading of the four currencies. Can anyone do the trading from their home computer?
2006-08-27 19:41:57 · 4 answers · asked by jloe22 1 in Business & Finance ➔ Investing
The headline and name "Forex Made Easy" is a gimmick to get new customers. I would say the company is legitimate, but the name is simply an advertising ploy to draw new customers. They've tried to make the "process" of setting up a Forex account "easy," but you have to go through the same process anywhere you open an account.
The gimmick here is that it implies that "trading the Forex" is "easy." It seems to imply that all trading is "Easy" as long as you sign up with them. If that were true, we would all be rich.
Trading is the most difficult endeavor you will ever undertake. To think it could be "easy" is unrealistic, unreasonable, irrational. Dream on.
2006-08-28 04:13:17 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
Forex trading can be done from your home computer at one of the online trading sites such as www.forex.com. I highly recommend opening a demo account first and playing with that for at least a couple of weeks. I have been very successful at forex trading, so it certainly does work. Even my mini account that I started for $250, I was able to make it over $5k within six months. However, you have to keep in mind that it is very high risk, and there is a good chance to lose money as well. I have also dedicated a lot of time to trading, I do plenty of research before I enter a position, and I use all tools and information available to me. I have known some people that have had absolutely no success whatsoever. It's certainly not for everyone. You have to get a "feel" for the market, and some people just can't.
You can get a great deal of information on the forex websites, in their "education" or "knowledge" link, faq's, and of course, nothing beats the demo account. An excellent book to get you started is titled "Forex for small speculators" by Noble DraKoln. It is a very quick and easy read, and will certainly point you in the right direction. I have found many other Forex books too complicated unless you are thoroughly familiar with Forex and Finance vocabulary. If and when you do open a live account, start small and put it in your head that you are going to lose that money, and that you are basically paying to learn. Good luck.
2006-08-27 19:55:36 · answer #2 · answered by ? 2 · 0⤊ 0⤋
This Site Might Help You.
RE:
Does "forex made easy" system work? Can someone explain the trading of the four currencies. Should I get this?
Does "forex made easy" system work? Can someone explain the trading of the four currencies. Can anyone do the trading from their home computer?
2015-08-06 01:23:02 · answer #3 · answered by Sidnee 1 · 0⤊ 0⤋
The 4 currencies or the Trading in the currencies of the 4 major economies. Forex or exchange rates is quoted in pairs. The 4 major trading economies would be USD for USA, Euro for European countries, JPY for Japanese Yen, Sterling pound for British Pound. And in the forex market it is quoted as :
USD/JPY
EUR/USD
GBP/USD and of course
CHF/USD for Swiss Franc
AUD/USD for Aussie Dollar.
As far as system is concerned you have to take it with a pinch of salt, if not the world would be full of millionaires by now. It still requires personal jusgedment.
And like most system which suppose to take the psychology out of trading, it just does not happen. Psychology of a trade, a profitable trade and a losing trades are probably the killer of most traders if they care to admit it.
Money management is the next crucial element. In fact entry and exit may just account for 30% of a successful trades and account equity.
Get the book by Dr Alexander Elder, "Trading for a Living", he is by far the best author that explains the behind the scene so to speak of forex trading. http://www.geocities.com/lcming/Forexbooks
Good Luck !
2006-08-28 18:51:16 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Ehm..
I've been trading the market for just a few months. My cousin actually told me about this website ( http://pennystocks.toptips.org ) and I signed up immediately after. This is my honest review about their method. I'm not someone who has a lot of time to be researching for ideas because I work many hours. they made it incredibly easy for me to make money in the market. Their reports are easy to read and follow. I've tracked most of the stock ideas that I've received in my e-mail from them and MANY have seen some nice gains after their announcements. I've made a nice profit (55% return on my investment on one, and 112% on the other!) on a couple of suggestions he's given and plan to start trading his ideas a lot more.
For more info: http://pennystocks.toptips.org
Good Bye
2014-09-22 06:57:14 · answer #5 · answered by ? 2 · 0⤊ 0⤋
Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/e3f14
2015-01-25 00:16:06 · answer #6 · answered by Anonymous · 0⤊ 0⤋
hi, you can try easy forex. the pioneer in forex market.
http://www.bernanke.cn/easy-forex/
wish you make a fortune!
good Luck !
2006-08-28 16:32:44 · answer #7 · answered by Anonymous · 0⤊ 0⤋
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2006-08-27 20:08:34 · answer #8 · answered by netnew 7 · 0⤊ 0⤋