2007-04-13 12:15:56 · 7 answers · asked by mmohied 1 in Business & Finance ➔ Investing
Hi Mohamed,
I guess the main questions is what kind of strategy do you want? Do you like technical analysis where you watch charts and patterns all day? This technique helps you make an educated guess which way the market may move.
Do you prefer the excitement of trading on news releases and based on history and predictions take a guess at which way the market will move?
Or do you prefer something like hedge trading where you can make money whichever way the market decides to move? Now I need to warn you, investing with a hedging strategy is not as exciting as technical trading or getting up early for news releases. Hedging trading is a long term investment strategy where you settle for a more conservative approach in generating consistent long term profits.
The problem is that with hedge investments you will have to find something else to occupy your time during the day:)
I'd be happy to send you some info on any of these three strategies.
May all your guesses be good ones.
2007-04-13 12:49:00 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Bsmtprediction provides Forex Traders with FREE access to daily AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF & USD/JPY forecasts through this website. At Any Time / Any Day (we'll straight away post the signals here in real-time if there's any triggered) 1 hour, 4 hours & daily forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency & timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That's why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it was published..
2007-04-13 13:47:53 · answer #2 · answered by bijak_sinner 2 · 0⤊ 0⤋
the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.
2014-12-18 14:04:09 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Most of the FX trading strategy's that cost $$$ are scams. Free ones are simply a joke.
Here's the real scope;
You have to do FX yourself. Spend a year reading & papertrading. Remember, over 95% of the investors in FX lose most of their account.
2007-04-13 16:35:23 · answer #4 · answered by Common Sense 7 · 0⤊ 0⤋
Check out the following site for various strategies (video based). I found the teachings very useful and easy to understand.
2007-04-13 14:49:33 · answer #5 · answered by kingtim 1 · 0⤊ 0⤋
If you cannot even afford a $1,000.00 Online Course then DO NOT INVEST IN FOREX.
2007-04-13 13:31:46 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Try Barnes and Noble or Borders bookstores.
2007-04-13 12:19:13 · answer #7 · answered by E u g e 1 · 0⤊ 0⤋