Recently, I started trading forex. (okay 6 hours ago). I was encouraged by eToro free $10. I flied from $10 to $15 to $5. I have no strategy at all. Any one doing Forex share some of his experience?
My advice is invest in forex whatever money you can afford to lose. It is really a safe type of investment. Google is your best help. Learn and apply for a demo account, practice long enough before you put in anything you can lose. Trust me, the chances of losing and losing a lot is very great. Be extremely careful and cautious when in forex.
Here's a quote about leverage. More smart people go broke because of leverage, if you're smart and you don't use leverage you'll find it hard to go broke. "If you're smart you don't need it, and if you're dumb you've got no place using it"
if you want to learn forex for free this site is good source www.Fxstay.com i am one of their forex account managers and they are also good source to find your forex broker . but first you start note that Managed Forex in the most important thing in Forex Trading .
I do forex, you cant make money with small amounts of cash anyone who says you can is lying. One thing you need alot of, actually let me correct that - a few things you need alot of, is: balls, courage, faith, stupidity, and a big reserve of cash in your account for when your trades TANK and that reserve keeps you afloat long enough to break even or gain some ground. Forex.com has a great demo account you can learn on, they give you 50 grand in play money. Not the best platform out there but their pro stuff is pretty decent.
Hmm i wonder how many of the people that invest in Forex loose time and money ? Does anyone know a percentage ?
93/95% of new forex traders never make money. I'd say it's one of the hardest markets to make long term profits in.
Seqqa I bet its even larger then that, almost zero small time people make money, especially in the long term. It requires too much self-control that most people simply do not have.
I would definately say about 99% - you have better odds going to the casino on a daily basis then trading forex and ending up ahead over the long haul. Yes, there is money to be made, but without using leverage youre only looking at gains in the pennies every time unless, you have craploads of cash in your account. And if you got that much cash, you dont need to be trading Forex!
$10 these days means practically nothing to use to make profits online. You need to spend some money marketing and whatnot.
before some months i too planned to do forex trading.. but after researching it needs very huge knowledge to trade.... it need atleast 1 year of experience to trade without any loss... so i stopped it...