2007-06-20 00:36:19 · 18 answers · asked by badeola 1 in Business & Finance ➔ Investing
It is real, but unless you know what you are doing, you're gonna lose a bundle.
2007-06-20 00:39:10 · answer #1 · answered by Chief BaggageSmasher 7 · 1⤊ 1⤋
You have received some good advice. Forex is real as banks countries corporations and smaller investors do trade in it and can make some really good returns. I personally am involved with forex but through a club ..why? Using a club to invest and learn will minimize potential loss. The club I am with is very conservative but profitable on a monthly basis. If you need more help write me Bankerbobretired@yahoo.com Good luck with all your investments and be careful alot of rip offs out there
Bob
2007-06-21 01:14:37 · answer #2 · answered by Robert N 2 · 0⤊ 0⤋
Forex trading is real. There is a real reason to trade forex for specuation and for hedging.
What is unreal or what you have to be careful about are claims that vast untold riches are easily available from forex trading. It's a very leveraged strategy that can wipe out investors with limited capital and limited understanding of the market.
2007-06-20 08:09:19 · answer #3 · answered by gls_merch 5 · 1⤊ 0⤋
Forex trading is most definitely real but some of the 'guaranteed forex trading systems' are scams.
You need to take your time to learn about Forex and find a trading style or system that matches you and your own risk / reward ratio.
2007-06-21 05:27:29 · answer #4 · answered by Chris 3 · 0⤊ 0⤋
It's real. Learn the basics @ www.babypips.com or www.forex.com. It has risk, just like any other investments such as stock and real estate. There are only 7 major pairs to choose from, though, compared to thousands of stock choices. And it uses leverage like real estate, but doesn't require as much capital. I invest in it and think it's great. Don't get greedy, though, or you can take too much risk and lose - just like any other investment. Check out whatever broker you use too...make sure they are registered with the NFA. The NFA was originally set up to regulate the futures industry but they have since added forex.
You can learn and create your own trading strategy (like you would for stocks) or use a hedging strategy designed to minimize risk (lower risk = lower returns, but then again...it is lower risk). Either way, if you trade for the long haul, you can make a great interest rate on your money, and should do well over time.
Whatever you chose to invest in - forex, stocks, etc. be comfortable and try it out with fake money (demo accounts) first.
Happy investing!
http://www.4xrules.com
2007-06-20 11:29:39 · answer #5 · answered by 4xrules.com 1 · 0⤊ 0⤋
Forex trading is for real. It's an unregulated market. The "retail" brokers are poor to bad. 95% of the people that try it lose heavily. Of the 5% of the people that "make it", they only get 60% of their trades "correct".
This is not for the faint of heart. You can't just get in it to see how you do. Take six months to 18 months before you invest $1.00. Read everything you can (there are many books out there, most poor).
Check out babypips.com. Don't go near anyone that claims great or easy rewards in this areana.
Having said that....... it's a great way to make "real' money, but as I said... 95% DON'T.
2007-06-20 08:10:30 · answer #6 · answered by Common Sense 7 · 0⤊ 0⤋
It is real, but if you get involved you will be taken to the cleaners. Forex trading with huge sums of money is how large companies and organizations move their money around the world and park it in the most favorable currencies. Small time amateurs cannot get involved with these professionals, who have experience and know much more. If you win, it will be luck. If you lose, which is more likely, it will be bad luck and ignorance.
If you want to gamble go to Atlantic City and play blackjack -- the odds are better.
2007-06-20 08:32:34 · answer #7 · answered by Sandy G 6 · 2⤊ 0⤋
yup, forex trading is real.. i earn at least usd3000 per month using the free forex signal service below.. u should try it!
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2007-06-23 05:59:31 · answer #8 · answered by bijak_sinner 2 · 0⤊ 0⤋
It's real, but it moves fast. Learn to trade stocks first, then try some futures. If you can make money that way, then go for forex.
2007-06-20 14:30:45 · answer #9 · answered by Ted 7 · 0⤊ 0⤋
Foreign Exchange trading is real ..... some people such as George Soros (sp?) have earned a lot of money at it but you will be buying lotto tickets and could quickly lose a lot. The truth is you have no clue about exhange rates. Buy and hold stock instead.
2007-06-20 07:40:19 · answer #10 · answered by Anonymous · 1⤊ 0⤋
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2014-09-25 09:20:43 · answer #11 · answered by Anonymous · 0⤊ 0⤋