Should I try Forex?

Discussion in 'General Business' started by shkad14, Feb 12, 2008.

  1. dlm

    dlm Peon

    Messages:
    3,123
    Likes Received:
    86
    Best Answers:
    0
    Trophy Points:
    0
    #21
    Wow...the number of idiots on this forum amazes me. Forex is not a get-rich quick scheme. You have to be very knowledgeable about macro-economics, technical analysis and the like or you will lose your shirt. You can lever your position up to 100-1, meaning for every 1% change in the currency price your investment either increases or decreases by 100%.

    Don't just start throwing money at Forex expecting to make thousands overnight. You will be buying and selling to many professionals in the Financial industry and Forex is a zero-sum game, meaning if these expects are making money than the non-expects are losing it.
     
    dlm, Feb 18, 2008 IP