Member Comments
Garcia's Comment
2013-09-14 21:39:45Forex trading is just like any other fiaiacnnl investment tool. Takes money and some smarts and patience. Although their are a lot of perks with forex trading such as 24 hour trading, largest liquid market, and very high volatility, one should still educate themselves as you would on any type of investment. Unless you just do not care about your money.First I would recommend learning up on some technical analysis. Just search that phrase with forex in front and you will find millions of resources. Then educate yourself up on fundamental influence on the currencies. Everyone finds there own knack at trading the forex market so don't blindly fall into a so called forex guru's marketing trap.
Rui's Comment
2013-09-15 23:58:20I just wanna say. The guy about me doesn't know much about Forex Trading, but talks as if he's an Advice expert.The Advantage of Forex Trading is it lets you dceide how much margin you are willing to use. If you choose a margin of 100:1 or anything higher, that's gambling. If you choose anything below that margin and play very carefully with your money, you can make some very nice returns. How does 30 percent a week sound?For starters, start out with as little money as possible. Why? You are bound to blow several accounts before you actually get the hang of it. Game accounts are good too, but the only problem with game accounts is you will probably not take it as seriously. Start out with an account of maybe $400. If you profit from there, Great. But even if you lose that money, at least you won't cry over it.I am currently making a consistent 40-50 percent return a month on Forex with a 50:1 margin. THAT's HUGE. If I was trading without margin, that would be about 1percent. LOLX. Improper money management = gambling. Make good use of that margin, and you'll be rich. Just do the math. $2500 x (1.40)^12 = Profit in 1 year.Profit in 1 year x (1.40)^12= MILLIONS.All it takes is two years to become a millionaire in Forex. The only problem is only 10percent of people succeed, the other 90percent fail. Good Luck
Open's Comment
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Butterfly's Comment
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