August 15, 2010
How can I make money Forex trading?
By Planet Wealth
Having a real tough time being able to make money trading the forex market. Anyone make consistent profits and care to share some tips?
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Topics: Forex Trading, trading tips | 5 Comments »
5 Responses to “How can I make money Forex trading?”
Comments
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August 15th, 2010 at 7:56 pm
babypips.com is all about learning to trade Forex and what tools, technical analysis you can use to do it. It’s very hard though, not only is the market extremely volatile, but trading times can be somewhat wonky (some of the best trading happens when European markets are open…but trading at 2am in NY is a small ridiculous to imagine).
Also, it’s different than stocks because you can see minute by minute how much your investments are moving and it can get very emotional.
I lost about $2000 in Forex, after trading fake funds for about 6 months. It’s really hard to get a handle on, but the first step is to make sure you have enough money (and a excellent understanding) to play the game.
August 15th, 2010 at 7:56 pm
If trading was simple, everyone would do it. You are competing against everyone else, including me, so why would we want to teach you how to make money from us? That is the FIRST thing to know.
August 15th, 2010 at 7:56 pm
A traders largest enemy is his emotions. Every trader experiences dread and greed and this is the number one reason why most traders fail. I also found it very hard to stick to my systems rules because I lacked discipline. In order to be a successful trader you need to be able to stick to your trading system and control your emotions. But as you probably already found out for yourself this is simpler said than done. For me I found success in the Forex market when I switched from manual trading to automated trading using a EA system. Give this a try: forexfunnelsystem.info
August 15th, 2010 at 7:56 pm
Inasmuch as the ability to predict market moves is sanguine. IT is vital too to realize the breath of information ot readily available.
August 15th, 2010 at 7:56 pm
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