Lol Im sure a simple No would have done instead of making him feel stupid If you start small, in time you will have enough to earn $15 a day but I think $10 may be a little low as a starter. Does anyone know roughly how much you would need as a starter to make $15 a day?
One of my friend earn daily about USD$5 ~ USD$8 on Forex with USD$10 investment. Maybe he's doing short term buy/sell and managed to handle more than 15 transaction per day. I wonder the idea could help? Right now, I'm getting about USD$2 per day trading via forex with my USD$10 investment. I trade at least 7 transaction per day as the forex leverage is around 100:1.
So that means it is possible to earn $800 on $1000 investment per day (Looking at your friend earn $8 from $10) Is your friend some Guru which i am guessing he is not. If that was even realistic everyone would be on forex. I am sure 99% of people here can get $1000 if they earn $800/day According to that it is also possible to make $80,000/day with only $100,000 investment. Lets do it for 3 days and then get a car a nice home and it doesnt matter if we lose after that right?
why would you assume his friend isnt a guru?? and why would you say that if it was realistic everyone would be trading FOREX, the reason everyone isnt trading FOREX is because they have no clue. Yes it is quite possible to make $8 from $10 investment, it is also possible to make $1000 from $10 investment on FOREX, leveraging (as sysop said earlier) is used, meaning that with a $10 investment you can leverage at 100:1 and be playing with $1000 in the market. once your money goes down to $990 your starting to lose money though. so even though you only invest $10 and leverage it 100:1, you have the possibility to lose the full $1000, meaning you will have to pay even more money. but with leveraging it also means that with that $1000 if the value goes up to $1500, you make a $500 profit. FOREX is quite an interesting market and there is a lot of money to be made, especially when the markets are open 24 hours a day 6 days a week. i hope this post has helped some people understand how its possible to make some decent money from small investments, but with a bit of risk to lose more.
that it is true most of the people have no clue about trading ... even those who trade.. little bit of time invested in reading the forex tutorial books and some forex educational videos would be so helpful before trading.. I would say there tons of money to be made in FOREX market, but it also possible to lose. You must have your own developed strategy and stick to it.. Of course you must develop it based on basic rules that you MUST learn before start trading BTW: $8 out of $10 - I am not saying impossible - highly unlikely to ever happen this is just the way market works it would never let you make huge margins like that
I am not a forex trader but i tested it out few months back. Making 80% profit is just unrealistic in forex based on what i learned or it might be almost impossible.
Hello, yes you can, but this supposes you use a very high level leverage and have enough margin which depend on the level granted by your broker. And don't forget if you could earn $15 daily, you may also loose the same amount every day. Cheers ! Thibaut
Yup leveraging give an opportunities to earn as much as it can while maintaining good available margin. Anyway, the market is open 24/6 and you can make more if you sleep less. As I said earlier, just to let other know. The USD is now much more lower due to the weather and the low oil price per barrel. So today, i've earn about USD$4 trading on EUR/USD pair. Everyone can make profit as well as loose some monies. But if you play safe, you can limit your loose to about 5% from total investment.
Yup... when you play safe in trading, that value is easily you can get. But the best you can even try is to play on speculation. Sometimes the candlestick graph can goes up as high as you can imagine in one week. but in this new year (2007) the graph is dormant and stay in one level. Trading in GBP/JPY, EUR/USD, USD/CHF pair can gives you a good earning.
you guys are talking about www.forex.com or www.marketiva.com I am not sure but does forex.com allows you to start trading with an investment of 10$ as on forex.com it reads start trading for as low as 250$. Okie I am new to this but I would love to know more
Marketiva good for beginners and novice. Many Forex broker charge a minimum USD$250 for opening a mini account. But on Marketiva you can start at USD$1.