Forex Question?????
This is a test.
inuvikrx asked:
Does anyone know anything about Forex? It seems to be a really difficult market to make money in. Where would you go to find out how to trade forex properly? There are tons of online courses, but they are basically money making garbage. There is nothing in them that I don’t already know about from trading stocks.
Posted courtesy of: Caffeinated Content
inuvikrx asked:
Does anyone know anything about Forex? It seems to be a really difficult market to make money in. Where would you go to find out how to trade forex properly? There are tons of online courses, but they are basically money making garbage. There is nothing in them that I don’t already know about from trading stocks.
Posted courtesy of: Caffeinated Content
Comment by abudall
February 28, 2008 @ 1:08 am
Not trading myself but my friend is into it. But becareful because i have seen fraudulent looking sites out there offering Forex trading.
Comment by dredude52
February 29, 2008 @ 9:15 pm
Forex is a trading market, not one for investors. There are no trading jobs that are easy to make money in. Trading is difficult, regardless of how much you know or how much time you put into it. Otherwise, we would all be rich.
I’m a full-time trader, but I’m also an engineer. Both are difficult, and both took four years of “going to school” and another four yers to master.
My “schooling” in trading was from reading about 80 books on the subject over the years, and trading real time. It cost about the same as my college degree in engineering.
There are no shortcuts to learning, and you can’t just step into trading and become rich overnight, any more than you can become an engineer or a doctor overnite.
Think about what it is you enjoy doing. Only then will you put the long hours of study into it that are required to be good at it. Only then will you persevere. Only then will the money come.
You can’t make a duck into a runner, no matter how hard you try. He will complain about his feet hurting night and day, he will always be hot and tired and dry, and he will never be very fast.
If you can put up with the stress levels of an air traffic controller, the long hours of a doctor, and discern the complexity of economic conditions, and still keep up with lightening fast changes and turnarounds and reversals, you might consider looking into trading as a career. And if you don’t mind being wrong about 20 times a week, and the markets battering you with it, until you don’t even have an ego, you might not go crazy doing this. If you don’t mind wrestling at every moment with fear of loss, and hozzling hope every time you put a trade on, then you just might be able to handle it.
But the problem remains that you’ll never know if you’ll be good at it until you’ve invested huge sums of money (education and losses), and devoted several years of study and trials and testing and then finally the trading itself is done. Just be aware, that I’m going to take your money from you until you learn how to hold onto it. Maybe you’ll even learn how to grow it. If history is any lesson, 80%-90% of traders blow out.
Personally, I’ve lost everything three times. I think maybe I’ll hold onto it this time.
But check it out.
Also try the Forex Simulator, or live trading game Market Educational Game.htm
Here is the broker I use: