As I was typing this, the similar questions popped up and I opened this one:
http://answers.yahoo.com/question/index;_ylt=AoqErv2EUJjQRj0KGDY6Zp5IzKIX?qid=20060710224652AAg0ZuC
"4XTrader" answered it. This guy may actually be the sharpest knife in the drawer... and he says, "Forex hands down."
So I'm very close to making the switch, but I'll have to get some reccomendations on which web site to use for FOREX. I see some charge by the amount traded, while some make money in the spread (I assume it's altered for this). What else matters in choosing a FOREX site? What else should I be considering?
2006-12-02 14:04:49 · 6 answers · asked by Anonymous in Business & Finance ➔ Investing
4XTrader, no joke. I learn more from reading your responses than some of my classes. Got advice? I'm listening.
2006-12-02 14:06:57 · update #1
14? FOURTEEN?!?!
Man, keep with it. I'm in my 30's and am just learning what forex stands for! I've made 100's of thousands in my life and have 10k + good credit to show for it... I'd rather take 100,000 and bad credit...
14 huh? Keep with this stuff and forget video games, that's all I can say. Brilliant, you rock dude.
2006-12-02 14:37:23 · update #2
Forex is a great challenge. 90% of the people that try it lose all their money. The people that make money in FX lose about 40% of their trades.
This will be one of the hardest things you've ever done. Fundamentals are just as important as the technicals. Take at least a year before investing real cash. Study hard. Read as much as you can. Paper trade. And most important... don't be greedy.
2006-12-02 15:50:39 · answer #1 · answered by Common Sense 7 · 0⤊ 0⤋
It depends on the context. FOREX can be risky in ways that regular stock trading cannot be. Governments routinely "forget" to mention information about currency events that may change rates.
I don't really want to get into detail (if you're looking to confirm one as being superior to the other, you may as well give up right now), but I think it's important you know that FOREX trading is much more stressful than stock trading because of the combination of sheer volume, nonstop trading, and a few other aspects. If you think you can handle it, then disregard what I just said, but keep that in the back of your mind.
By the way...
internet=not the most preferable way of trading
If you judge people by their age, then you may want to disregard this whole response as well (I'm 14).
2006-12-02 14:24:42 · answer #2 · answered by Proportions of Man 1 · 3⤊ 0⤋
Stocks of over 40000 or Forex with only 6 major pairs. Which one do you think is easiet. www.freedomrocks.com has the answer to how to do it right. email me at blake@freedominforex.com if you want to learn more after watching the product video. .
2006-12-02 16:19:01 · answer #3 · answered by Blanston 2 · 0⤊ 0⤋
Forex!
I use a great system to trade the forex market successfully. If you would like to know more about this system, click on http://www.4xmoneytrain.com
2006-12-03 15:55:30 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Try sncfx.com. They are very helpful and have a great platform. They are very good at answering your questions.
2006-12-06 10:00:35 · answer #5 · answered by sbiddib 2 · 0⤊ 0⤋
hi, i work with FOREX, thats the best, my id : cpp_creator
2006-12-02 14:08:32 · answer #6 · answered by mohsen 2 · 0⤊ 0⤋