2006-10-12 13:14:27 · 8 answers · asked by limitdown2002 1 in Business & Finance ➔ Investing
Trading is the most difficult challenge you will ever encounter. The Forex just compounds the problems with huge leverage.
Nobody can tell you how. You have to dedicate yourself to it and study and persevere and test your theories and practice, practice, practice.
Try trading on the simulator for free.
http://futures.tradingcharts.com/learning/
Stock trading simulator
http://simulator.investopedia.com/home.aspx
Training & classes
http://bettertrades.com
http://investedcentral.com
Article: Trading is Timing
http://www.investopedia.com/articles/trading/06/TradingisTiming.asp
A Foreign Exchange (FOREX) Trading Primer
http://www.tradingeducation.com/forex_trading_primer.asp
2006-10-12 22:11:48 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
Do not start in Forex if you are not a trader already. With out the US currency, you would need to know the macro economics of other countries pairs. It's easy to think of the Us dollar Vs. a Yen, however most people would have a very difficult time with the Yen and the Euro. Penny stocks are pointless since they only offer pennies. All they can do is to give someone the pleasure of owning a large number of stocks, that means nothing in real money. To buy and sell 1000 shares for a $100 gain is for armatures who have no idea what their actually doing to begin with. Ex Six Flags Inc (SIXFQ), Great Adventures is a penny stock OTC that maybe good during the summer season, but it would be pointless to ignore Disney World stock, because it's on the NYSE.
2016-03-28 06:56:46 · answer #2 · answered by Marie 4 · 0⤊ 0⤋
Here is an article written by Forex Review Center, http://ezinearticles.com/?Forex-Trading-Education---Professional-Traders-Need-Apply&id=300875
Yes you can make money and yes you need to really work hard at this.
2006-10-15 09:26:30 · answer #3 · answered by Jordan L 2 · 0⤊ 0⤋
I'm working on this also. This is one of the hardest things I've ever tried.
From everything I read & have learned..... 95% of all people that try this fail!!!!!!! Understand money management before anything else (risk/reward ratios etc.). One thing I've learned the hard way;
There is no easy/quick way to learn FOREX.
(I received your email.... Yahoo won't let me "reply" because your email address has not been verified). Please, either verify for Yahoo or email me again with your address)
2006-10-12 16:01:34 · answer #4 · answered by Common Sense 7 · 1⤊ 0⤋
well like the last person says yes you can but you MUST have two things. Money and patience. If you don't have one of them DO NOT GET INVOLVED WITH FOREX!
2006-10-12 16:51:48 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Trading Forex is a good thing. End of the day it will make you alot of money but if it doesnt its a good thing also as you will become a philosopher of life. Or maybe both of it. A rich philosopher. Ummm like George Soros. But please if it makes you poorer, please stop. Unless you plan to get rich selling your philosophy. In any case you are most welcome to browse http://www.geocities.com/lcming/Forexbooks
2006-10-15 03:58:22 · answer #6 · answered by Anonymous · 0⤊ 0⤋
these people are making a killer but it does cost a bit to attend
you can talk to the members to make up your mind
http://www.sleekbytes.com
2006-10-12 18:20:34 · answer #7 · answered by Anonymous · 0⤊ 0⤋
I have an a/c but not tried yet ! visit http://net-new.blogspot.com to know
2006-10-12 14:29:33 · answer #8 · answered by netnew 7 · 0⤊ 0⤋