July 5, 2011
Anyone currently doing any Forex currency trading?
By Planet Wealth
As with any investment, I know there are risks. But, I am seriously considering taking the online training course offered by Forex on Currency Trading. It seems too simple to make money and I believe there must a catch. I’m only going to invest what I can afford to LOSE! But I want to hear from someone already trading or have traded!
Topics: trading tips | 3 Comments »
3 Responses to “Anyone currently doing any Forex currency trading?”
Comments
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July 5th, 2011 at 3:08 pm
Congratulations, you have already seperated yourself from the masses by realizing that there is risk associated with and marketspace that has the potential for superior profits.
It is much simpler to lose money than it is to make money in the Forex market.
Fortunately there are conservative strategies that can be employed that reduce risks and can generate attractive returns.
Paul
July 5th, 2011 at 3:08 pm
I do forex for about 1 year ,at first I have lost much ,but now win .Choose a excellent platform is very vital .
You can open an free Marketiva forex online trading account , 5 USD live fund and 10000 USD virtual fund already in your account.!
Open an free account and get $5 reward!
http://www-forex.spaces.live.com
July 5th, 2011 at 3:08 pm
Hi,
I’m trading forex for several yers.
There are few basic reasons why people lose in forex:
1. Traders use leverage incorrectly.
2. Small trading amount; With amount less than $2000 nearly everyone is condemned to lose even if trade with mini lots. (I’m not talking about oanda and/or other companies where you may trade with microlots). I suggest that trading amount should be at least $10000 while trade with mini lots (mini lot = 0.1 of regular lot = $10000).
3. Traders incorrectly use their targets and time frame relation. For example it is foolish to set 100 pips target on the 5 min or 15 min time frame.
4. Traders wants be very rich during small term and therefore are too greedy.
5. Traders act without trading plot.
6. Incorrect money management.
7. Stop loss orders are placed to close.
8. Traders don’t use stop loss.
If you use those rules correctly you’ll win certainly.
If you and/or anyone have any question about forex trading and excellent forex brokerage company that I successfully use already for several years please do not hesitate and e-mail or pm me and I’ll try to help you.
Excellent luck!