Forex isn't an investment in not so many words. It's a job more than anything. If you're lookinf for something to drop your money into and site back waiting for profits, Forex clearly isn't for you.
When trading Forex you're forced to constantly evolve with the market and if you can't think outside of the bos more than likely you're Forex career will be a disaster.
FOREX KILLER - All you ever need to know to make a KILLING in FOREX
Forex is an investment but you must hedge and look for the swap. You should download the Interbank FX site that costs you nothing. Look at hedging the euro/usd and the usd/chf and you will get a positive swap of over 20% and request a hedge of 400 to 1. Again costs you nothing to paper trade. Timing is everything with any investment and timing is poor at the moment but it doe's turn. Play with interbank fx site first with paper trades. Have done heaps of work with data analysis to get timing right and can give you clues when your wasting your time. Directional trading is very risky - look to hedge. Again, timing on euro/usd and usd/chf is poor at the moment but risk and return can be greatly improved by getting the timing right.
if u r serious abt making some money then forex might be the best option, but remember that forex is a risky business and no broker will take the responsibilty for any loss, there are equal chances of profit and loss in forex. all u need is to have a bit extra patience to get along with forex
I think Forex is a game like betting or the stock market and the house will always win the bet.
I have to agree withyou on this. Forex is much more volatile than the stock market and can be like gambling at time. There are things you can do to give yourself better odds but most of the real secrets are kept secret for a reason.
Thanks for all the comments. My question is answered.
Forex trading or investing is not for me. Too rich for my blood.
Well, that may not necessarily be true, you should open a small practice account with a broker like Oanda or something that only requires $1 to open an account. I first started with $50 in my account and have turned that $50 into over $1000 now. Of course, a lot of my trades were pure luck while trying out new trading systems here and there. Once I had $100 in my account, I took out the original $50 I put in, this way I had no risk of loss, it was only profit I was playing with.
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Mar 09, 2008, 08:07:05 PM
