i found a site: http://forex.easynewsonline.com/ and downloaded some ebooks etc free from there, it all sounds very exciting, firstly can someon go check out these books and infomation out to see if it is correct info and secondly can you make that kind of money?!
2007-09-22 01:49:02 · 10 answers · asked by paul21smith 2 in Business & Finance ➔ Investing
Foreign exchange trading is very difficult and the spread is fairly wide for smaller sized investors. You can make money, but make sure you know what you are doing. There are alot of economic and political forces that impact currency rates, and if you don't understand them you are at a disadvantage.
2007-09-22 02:00:03 · answer #1 · answered by redwine 6 · 2⤊ 0⤋
It is easy to be swayed by some of the incredible claims that some Forex site make. Personally I think 4000 pips a week is a major stretch.
A more realistic target for someone entering the Forex market would be averaging between 5% and 12% per month depending on their risk tolerance and the strategy they employ.
Looking to get rich quick is a sure way to get poor quick!
The key is to reduce risks, employ sound money management principles, eliminate human emotion and never risk money that you can not afford to lose.
Good luck and don't believe everything that you read.
Cheers,
Paul Upp
(925) 236-1839
2007-09-22 08:57:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Forex, you can make a lot of money or lose a lot of money.
Try some demos from various forex brokers before you jump in with real money - and beware there are some less then ethical forex brokers.
Who knows, they way the dollar has plummeted to historical lows, you may get in in time to ride a couple corrections down
And forex 'training sites' are usually a scam, as are most 'signal sellers'.
2007-09-22 03:16:33 · answer #3 · answered by ? 6 · 0⤊ 0⤋
The site listed above (by you) is a rip off. No one in their right mind can make the promises made there.
Forex is real. Forex is dangerous. 90% of all new traders in FX lose most (to all) of their account within 90 days.
If you're serious..... take a year to learn FX. Read MANY books. Stay away from exagerated claims. Avoid "alert" services. PaperTrade. Develope your own technique.
Check out;
www.BabyPips.com
www.ForexBastards.com
And remember, the brokers and 97.5% of anyone pushing FX are out for your money. This is the most "rip-off" prone market I've ever seen.
But.... if you work hard. Use very well cultivated "money management" techniques. Avoid: Greed, Fear & Indecision..... you can do very well.
Consider yourself warned.
2007-09-22 04:36:02 · answer #4 · answered by Common Sense 7 · 0⤊ 0⤋
If trading forex was that easy...
95% of all traders fail and I am sure most of them read some of those ebooks too.
Just take some serious education before you jump into the forex with real money
2007-09-25 19:28:29 · answer #5 · answered by wipe2001be 1 · 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.
2014-12-19 04:00:16 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/fb19f
2015-01-27 12:11:45 · answer #7 · answered by Anonymous · 0⤊ 0⤋
well forex is a very serious issue alot of people have made money from and are still making but u need study about it very well before u go into it, checkout this sit easyforex.com maybe it my help goodluck.
2007-09-22 03:56:32 · answer #8 · answered by Forexdyke 1 · 0⤊ 1⤋
If it sounds to be good to be true then it is too good to be true. Professionals find it difficult to make money in the markets at the moment so how on earth you reckon you are qualified to do so beats me.
2007-09-22 01:55:28 · answer #9 · answered by Anonymous · 2⤊ 0⤋
some info find here:
http://re.awarded.in/re/top-forex-trading-links-catalog.html
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"My way to financial freedom" -
http://re.awarded.in/re/top-forex-trading-links-catalog.html
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2007-09-24 20:41:39 · answer #10 · answered by muso m 2 · 0⤊ 0⤋