Read here quite a few people claiming that it is easy to make money from forex online. Would appreciate if someone who have made good profit (more than $2K per month) from forex share and give examples of good forex online sites and how to make money from it
There is a high pip spread in forex, research the carry trade which is like dividends in the stock market but with more leverage and possibly more volatility. Right now the AUDUSD is at all time highs so it may be over extended for long term investors to get in.
No I don't believe that yet. Which is why I am posting to ask opinions. Yes I think so also like the old adage "If it is too good to be true, it probably is !"
Forex is not something you just "do" to make money. It requires a lot of knowledge and even more experience. Try signing up for a demo account at a site like eToro or something and after a few months of studying you should try to get in touch with a professional.
We talking about 3 years learning economic theory, inflation and interest rates etc. There's a lot to learn before you ever pull a trade.
Forex has the biggest volatility of all markets and absolutely no rules - I'd say gambling is safer .
Forex, trading, shares are risky stuff. With little luck and lots of understanding of market, you can earn alot. People have earn millions of forex trading. My bro's frnd's uncle build a huge house just from it.
You must learn the basic concept and then study more on the specific FOREX. You should not invest money which you can't afford to lose.
When learning how to trade forex you should the smallest leverage. Small leverage = less risk and less profits. Big leverage = big profits and big losses. If you know nothing about trading forex, you are guaranteed to loose money trading forex.
Ya i lost my 10k's of dollar on forex... but its a GaMe of luck. When u Earn u Get all or otherwise u are on Road.
Most brokers aren't in fact real brokers there's running as if they're spread betting companies and most of the time betting against you. Given enough time 9 out of 10 people will lose their entire account, or make some kind of loss. Only 10% go onto making long term profits, which is why the Forex business is so profitable for the so called broker.
the best way to know if a broker is real or not is to look for its license. Brokers are regulated based on country theyre operate at. Some example of regulatory body: Australia- ASIC Canada-OSC Denmark-DFSA Germany-BAFIN Japan-FSA Switzerland-GSCGI Polyreg OAR-G ARIF CFB SFDF United Kingdom-FSA United States-SEC, CFTC, NFA
Money mountain In the forex market, you buy or sell currencies. Placing a trade in the foreign exchange market.
There are two ways. Affiliate and agent. Now you have to decide, what would you like? agent or affiliate. I tell you both ways are hard, but full of lots of money.