July 13, 2011
can anyone give me their opinion on forex trading?
By Planet Wealth
I am looking into some different options to invest some money…property, maybe a forex account (i know, risky) already have the 401k and regular brokerage account with some stocks and mutual funds.
Topics: trading tips | 4 Comments »
4 Responses to “can anyone give me their opinion on forex trading?”
Comments
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July 13th, 2011 at 12:46 am
Unfortunately, some people have evidently had poor results with their previous Forex experiences.
One of the major problems with the Forex market is that it is so simple to open a brokerage account and start trading. Many times people will enter trades before they even have a basic understanding of market risks, money management principles, conservative strategies which mitigate risks and geopolitical influences upon the market.
The smart go would be to open a demo account or two and practice trading, studying and understanding the market before putting any of one’s hard earned money at risk. But evidently that isn’t exciting enough and some people are in a rush to lose their money. Then they have the lunacy of somehow blaming their losses on the Forex market.
There is $3 trillion per day traded in the forex market. It is the largest financial market in the world. Why would anyone reckon that no one can make money in the Forex market?
All the traders that I associate with do quite well investing in the Forex market. Perhaps we are doing something incorrect.
My guidance to you is to take your time. Learn some various investment strategies. Practice with a demo account or two. There is no need to risk any money until you are comfortable with your Forex experience.
July 13th, 2011 at 12:46 am
Very few people make money consistantly on Forex.
My advice is to stay away from, Forex, Options and Futures.
July 13th, 2011 at 12:46 am
Fantastic way to lose money quick. Was that the intent? Anyway, even the 0.05% of successful forex players are speculators, not investors. Just save yourself distress and head out to Vegas with a bundle of money — the girls are prettier than in Forex, and there’s free drinks, and you’ll lose the money approximately as quick but with more fun.
July 13th, 2011 at 12:46 am
Forex is a excellent way to invest money. If other people didn’t have excellent results it’s because they weren’t given previous information and training. Forex is very huge and there are many brokers working under this name but the companies have other names. For example, Finanzas Forex is very excellent and there are virtual conferences alive where you can participate with people from different countries. I’m sure you’ll like it very much! I’m a member and everything is ok. Well, it’s up to you now.
http://www.finanzasforex.com/tenochtitlan9