Forex currency market is the best investment opportunity; it is open 24 hours a day, 5 days a week from Monday to Friday. Unlike investments in stock exchanges or mutual funds, forex online currency trading is the most rewarded and it registers large gains even in crisis. The size of this market, where currencies inter-change, is huge, it is about 2 trillion dollars a day, maybe more.
I'm interest with Forex, but it need big money to get big profit. And many people sell AutoTrading Forex, it promise big dream i think..
you must have a knowledge first before you jump into forex business...just learn and practice it everyday
Unless you follow the forex market very very closely and make transactions on a daily basis, I think everyday investors have a lot to lose dabbling in forex.
Forex can go both extremes. You'll either make ALOT of money, or you'll lose ALL your money. I would recommend investing in stock options, mutual funds, and things of that nature.
It's usefull for the professionals and gurus, newbies will have some problems with it and a lot of lost too.
Forex is a money game. Not everyone can make it. It's a theory of what goes up must come down and what goes down must come up. If one has the money to sustain -1000 pips and watch out for over trading, there's a chance you can make it. It looks easy but it's not easy.
I talked to black box traders (a few of my buds) and I can tell you all of them say the forex market loves newbs. All newbs lose in forex so the big boys can gain from their loss. The market is literally driven by huge players (think Soros in the 90s).
Before jumping into any business activity, it is always fruitful to learn the basics of it and the principles which govern them. As for forex and stocks trading, if one does not understand the risks involved... my advice would be to simply stay away! Regards, RightMan
Theoritcally yes. But nowsday the fact is broker is trading against client. The money you trade is not going to 'real' market.
That's really a good and sound advice, RightMan. People that really make it, I guess are born with the intuition of 'trading'. Looks like Mentos is a scalper...all the best to you.
It's not theory, it's fact. These black box guys even have a forex "ad" firm, where they push forex products/videos/software etc to newbs... They have backend stats and literally all the newb clients are losing their money. They know it well and love the business because of the number of newbs who are attracted by the shine of making millions in days vs. reality. Forex is a waste of time and too risky; might as well do stock options which have less inbuilt risk (still risky IMO). However, if one wishes to jump in, get a large capital base, do a LOT of research and go at your own risk.
Last time i do work under MM that why i know how they operate. Now i only trading OPM from HNWI. Yes i not trading using MM now,instead i switch to ECN to manage OPM.