April 17, 2011
Has anybody out there tried Forex trading ?
By Planet Wealth
Does it require special training or purchasing expensive software.
Can I make money in Forex trading ?
Topics: trading tips | 9 Comments »
9 Responses to “Has anybody out there tried Forex trading ?”
Comments
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April 17th, 2011 at 10:20 pm
I’ve tried trading on a demo account but it’s too risky and speculative for me to place in actual money.
April 17th, 2011 at 10:20 pm
Sure you can make money doing anything. I’ve had some success trading equities and dabbled in forex a few years back, but couldn’t get the hang of it. But there are people making money from forex. But it’s not the type thing where you can just jump in and expect to make money straight away.
April 17th, 2011 at 10:20 pm
If you want to make a tax free profit, the best thing to do is to invest in precious metals.
April 17th, 2011 at 10:20 pm
Yes Anyone can make money in forex trading i was completely new to forex trading, i started using forex robot my excellent friend have suggested that if you gone go learning this trade it will take years of study and practice before you will be able to trade successfully, but if you use excellent forex software that has done all of the work for you then it will be profitable and successful, i started using forex robot with $50 and never looked back go to the following site and get the software suggestions are there i confident you will be successful.
April 17th, 2011 at 10:20 pm
Forex trading does not require costly software. It does require discipline and time to learn.
If you take a year to learn trading before you open a trading account…… you’ll be way ahead of the curve. You will still have a high degree chance of failure…… but certainly less the the vast majority of people that try FX trading.
After your first six months of learning buy & read;
Millionaire Traders, Cathy Lien and Boris Schlossberg
A special word of caution;
If you buy a "robot" program before having 5 years of successful trading experience…. you will lose most or all of your account.
April 17th, 2011 at 10:20 pm
High risk… volatile returns. Do not go with the hype. Do you have investment experience? If not then do not start with currency. Go for ETF, Mutual fund, shares and ONLY then to currency.
Do not fall for greed trap.
April 17th, 2011 at 10:20 pm
Forex trading does require education, if you are experienced with trading shares or commodities it might help you already knowing the basics.
Like any market trading it requires education practise and Capital.
Yes you can make heaps of money as the forex market trades over 3 Trillion dollars daily. but realise that like any other profession it will take several years to really master.
i recommend starting at babypips.com
April 17th, 2011 at 10:20 pm
Yes, you can make money with forex-trading. To start trading, you would need a forex broker. If you are just starting, I would highly recommend Etoro. It has a very simple understanding trading platform for beginners. You can learn as you trade. Signing up is free.
http://www.dpbolvw.net/click-3607503-10536195
April 17th, 2011 at 10:20 pm
Yes, it is possible to make money in the forex market. But, it is NOT simple. Don’t let everyone fool you, less than 10% of the people that attempt forex trading end up making money.
The people who make the most money in this business is those who sell software, and those that manage people accounts and make huge commissions just for trading it.
I would recommend that you try out automated trading software while you are trying to learn. You may even find out that is the way you want to go.