What is Forex?

Discussion in 'General Chat' started by stuzilla, Aug 29, 2009.

  1. #1
    I been hearing a lot about it... just wondering does anyone use it... or have any idea of exactly how it works?
     
    stuzilla, Aug 29, 2009 IP
  2. kane4545

    kane4545 Guest

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    #2
    Its a foreign exchange, its a money exchange kinda things where you can earn with fluctuation of money rates
     
    kane4545, Aug 29, 2009 IP
  3. mrdesigner77@yahoo.com

    mrdesigner77@yahoo.com Well-Known Member

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    #3
    revenue ad is already removed so you donot have to make posts with high paying keywords
    if you are really asking for forex then it is forign exchange currency
    where you sell EUR and buy USD
    hoping that the USD price increase
    and you can short and this is the point where it is differnt of stocks
     
    mrdesigner77@yahoo.com, Aug 29, 2009 IP
  4. wilhb81

    wilhb81 Active Member

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    #4
    I've been in Forex for over three years, and honestly, it needs a lot of strategies and patience, especially when you're in a very critical situation. Even a second of delay will cause you to lose over thousands of dollars...
     
    wilhb81, Aug 29, 2009 IP
  5. Universal

    Universal Greenhorn

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    #5
    Yep, I've been trading on a practice account with virtual money and some days I earn loads and others I lose all that I've earned. :S The risks are high but so are the rewards :)
     
    Universal, Aug 29, 2009 IP
  6. krolbiz

    krolbiz Peon

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    #6
    I used to involved in forex before, but not anymore... and never will be....
     
    krolbiz, Aug 29, 2009 IP
  7. erickiros

    erickiros Guest

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    #7
    I agree with this because I loss my all budget on forex.
     
    erickiros, Aug 30, 2009 IP
  8. trj6911

    trj6911 Peon

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    #8
    Yeah i guees if you dont have a plan you will lose, i know guys making good money, some are making millions and the rest are like me make few hundred dollars a day,how do i do this? i have a system i study ,i trade my own trades ,learn S and R lines and im sure in a few years you can make as much as you want...at the start you will fail just gambling but you will succeed if you learn your craft...cheers
     
    trj6911, Aug 30, 2009 IP
  9. stuzilla

    stuzilla Peon

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    #9
    few hundred dollars a day? Im happy with this money..

    but how do your losses way up with your earnings?
     
    stuzilla, Sep 2, 2009 IP
  10. cloudnthunder

    cloudnthunder Peon

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    #10
    i tried trading forex in fxdd. check my sig for more info.
     
    cloudnthunder, Sep 2, 2009 IP
  11. VanForex

    VanForex Peon

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    #11
    Forex is buying and selling of currency. In forex trading you can generate profits whether a currency pair is 'up' or 'down'.
    Most Online forex firms offer free demo accounts to practice trading, along with breaking forex news, forums and charting services. These are very valuable resources for you and all the traders who would like to hone their trading skills with 'virtual' money before opening a live trading account.
    You may click my signature below if you want to have a guide about forex brokers.
     
    VanForex, Sep 3, 2009 IP