2007-02-01 03:28:03 · 6 answers · asked by Raja B 1 in Business & Finance ➔ Investing
The short answer maybe: No
90%+ of all the people that get into Forex fail..... most of them lose their entire account. It's not even vaguely easy (as the brokers would like you to believe).
Spend months on this before you get serious. Do a couple of months paper trading. CAUTION: Paper trading never (ever) is the same as real trading.
If your broker does "micro lots" (under $1 per mini lot). Trade at 10 cents per lot for two months. Keep in mind... most brokers lose money when you make money (dealing desk).......................... I know that's hard to understand at first).
Money Management is just as important as winning trades. A good average for winning trades is 6 winners of every 10 trades.
Having said that..... I've lost much more than I ever expected. I've curtailed the amounts I trade... but I'm still trying. There are more con artist in Forex than almost anything else.
YOU'VE BEEN WARNED!
2007-02-01 05:28:26 · answer #1 · answered by Common Sense 7 · 2⤊ 0⤋
Hey there,
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. They are notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: http://pennystocks.toptips.org
I definitely recommend subscribing to this site in particular. Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had. I especially like that he doesn't send out announcements left and right. I've signed up for other websites that fill my in-box with one company after the other. I don't know where to even start with so many choices in front of me! Nathan sends me one idea a week and that's all I need. Working so many hours during the week leaves me with very little time when I get home to start doing tons of penny stock research. I'm always eager to see what Nathan's next suggestion is each Friday and I love having time on the weekend to do my research.
As said above if you want to make money with penny stocks you have to follow some proven methods. This one in my opinion is the best: http://pennystocks.toptips.org
2014-09-22 09:37:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Forex trading is perhaps the most difficult arena for anyone, including professionals. It is extremely high risk and you are competing against the institutions with resources beyond your scope. I would take a pass. Look at options trading for a higher risk/reward investment with a shorter learning curve or simply trade stocks. I write an investment column at bizmaker.blogspot.com to help new investors. Check it out for some help.
2007-02-01 05:20:25 · answer #3 · answered by Anonymous · 0⤊ 1⤋
A) Forex trading is NOT the place for inexperienced traders; That is where the lambs (like me) are slaughtered.
B) This trading is the playground of the "Big Guys" - the 800 pound gorillas - of the world.
C) It requires expensive computer software and instant world financial information.
D) Do you think this should be the domain "for a common person"? This would be like playing "no limit" poker against Bill Gates and Warren Buffet.
2007-02-01 05:02:48 · answer #4 · answered by Puzzleman 5 · 1⤊ 0⤋
it's only suitable to the extent you are willing to lose...
2007-02-01 04:12:07 · answer #5 · answered by dashel_gabelli 3 · 0⤊ 0⤋
no
2007-02-01 03:36:56 · answer #6 · answered by babygirl 1 · 0⤊ 0⤋
No.
2007-02-01 17:27:08 · answer #7 · answered by Anonymous · 0⤊ 1⤋