Feb
23
Can anyone tell me if the Forex market is a good investment?
Posted by admin under Investing
BobbyC asked:
Can anyone tell me if the Forex market is a good investment?
Can anyone tell me if the Forex market is a good investment?
February 26th, 2009 at 12:37 pm
No it is not a good investment because money is too volatile. It requires macro economics which is too difficult for average investing decisions. More like 21 black jack playing.
February 27th, 2009 at 8:18 pm
yes it is good investment, but high risk is there
you have good knowledge about the movements of money
then only you can survive
March 2nd, 2009 at 9:03 pm
for some it is a good moneymaker, for some not. it would largely depend on your strategies, tactics and experience. i would suggest you check this site and register to get a Free Ebook. i suppose you are a newbie. you need the Ebook to study and learn all what you need to know. now, if you want to try how it is done, you can make an initial deposit of $100 and you can get a Free Demo Account and the services of a personal Account Service Manager. he/she can then teach you and show you all that you need to know in forex trading. he/she will even guide you on your first trading days until such time that you get familiar with the system. check out the site for you to see and understand all the other features and benefits that they offer to their potential traders
March 6th, 2009 at 8:53 am
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March 9th, 2009 at 3:11 am
It’s a great market. Most people lose all their money in 3-6 months because they don’t take the time to really learn this stuff.
Take at least a year before you put one penny in (the market and opportunities will always be there). Read a least 3 books on the psychology of trading. Learn technical analysis.
Understand that money management, psychology and position sizing are more important than having the right pick for “direction” of the currency.
Most answers on this forum will lead you to losing money. Be very wary of “software”, “techniques”, “systems” that suggest easy ways to profit in FX. Be very careful with the brokers. All are not good. There are a few that are better than others.
March 11th, 2009 at 1:29 am
Forex can be a good business. Has made my friends a lot of money. But it is not an easy business.
And for a new comer to jump in, it’s easy to get burnt. Better to learn as much as you can before going in. There are lot of pushy brokers or sales people who might get you to invest more than you should. So having a good, strong knowledge helps.
Read as much as you can. Do paper trades with real money first.
March 14th, 2009 at 12:12 am
Its an amazing investment if you win. Its the worst and frustrating investment if you lose. I found this blog that might help your forex trading that apparently worked like a charm for others:
Hope it helps!