Is Forex Trading Really Worth It?

JayYamada · 03-10-2010, 01:12 AM

Seems like a lot of work to be done, I rather stick to making money online, at least there's automation in it.

Brian Tayler · 03-10-2010, 04:26 AM

Is Forex trading really worth it? Sure.

Is it something you just causally try and see if it's right for you? No.

Think of it as a skill/knowledge that requires years of education. You don't just put in the years of education only to say "eh, not for me" however you also don't jump in with no education expecting to be the next guru millionaire.

It's something that will require a lot of focus and investigation to make a proper educated decision. It may be right for you, but not for others (and vise-versa).

But if anything... please don't think of it as "the flavor of the month"

Jioke06 · 03-10-2010, 11:27 AM

Pls why wouldnt you purchase a clickbank product? and this is a nice post i can now read it and know whats up,cos as for me and planning venturing into forex trading i have already paid an online school to learn the trade so warriors can now read and know ur views about forex,thanks for all the post.

magneticweb · 03-22-2010, 12:22 PM

The Forex market is dominated by around 20 huge international banks, who employ seasoned, experienced traders to trade on their behalf with millions of dollars to risk on each trade. They can and do manipulate prices on various currency pairings at various times for their own benefit.

It's a zero sum market, where if someone wins it's only because someone else has lost.

The experienced traders working for the big banks make, on average, around 30 per cent profit a year. This is a handsome return, translating into billions of dollars, but it's nowhere near the levels promised by sellers of Forex robots, software, courses, etc. And this profit is made from the thousands of newbies coming into the market all the time armed with their robots, systems, and so on.

The only safe way to make any money in Forex is to sell the products to the people who want to buy them.

SmartFX · 03-22-2010, 01:46 PM

Yes, it's possible to be constantly profitable on Forex.
And of course don't believe in clickbank 97$ or 147$ money machines.
None experienced trader will not sell his trading method that helps him to earn real money. Think about why it is necessary?
Another thing is trading signals. You will not get system and algorithm, but you will get clear recommendations, this is not hard but may be a good additional income for trader.
But of course I'm talking about services with performance proof, statements or better 3-rd party verification as mt4stats.com for example.
Best regards.

honestbizpro · 03-22-2010, 09:20 PM

I would learn all you can on Forex Trading.

Then share all that you learned on a website.

Then sell the website.

You just made money with Forex.

03-10-2010, 01:12 AM	#101
JayYamada Japanese Samurai Join Date: Mar 2010 Location: Japan Posts: 74 Thanks: 15 Thanked 7 Times in 6 Posts	Re: Is Forex Trading Really Worth It? Seems like a lot of work to be done, I rather stick to making money online, at least there's automation in it.
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03-10-2010, 04:26 AM	#102
Brian Tayler Bananas War Room Member Join Date: Oct 2006 Location: Pennsylvania, USA Posts: 435 Blog Entries: 1 Thanks: 44 Thanked 42 Times in 29 Posts Social Networking Contact Info	Re: Is Forex Trading Really Worth It? Is Forex trading really worth it? Sure. Is it something you just causally try and see if it's right for you? No. Think of it as a skill/knowledge that requires years of education. You don't just put in the years of education only to say "eh, not for me" however you also don't jump in with no education expecting to be the next guru millionaire. It's something that will require a lot of focus and investigation to make a proper educated decision. It may be right for you, but not for others (and vise-versa). But if anything... please don't think of it as "the flavor of the month"
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03-10-2010, 11:27 AM	#103
Jioke06 Jioke88 Join Date: Sep 2009 Location: Laurel,Maryland Posts: 33 Thanks: 2 Thanked 0 Times in 0 Posts Contact Info	Re: Is Forex Trading Really Worth It? Pls why wouldnt you purchase a clickbank product? and this is a nice post i can now read it and know whats up,cos as for me and planning venturing into forex trading i have already paid an online school to learn the trade so warriors can now read and know ur views about forex,thanks for all the post.

03-22-2010, 12:22 PM	#104
magneticweb Hypnotic Writer War Room Member Join Date: Jan 2008 Location: The middle of old England Posts: 76 Thanks: 14 Thanked 11 Times in 11 Posts Social Networking Contact Info	Re: Is Forex Trading Really Worth It? The Forex market is dominated by around 20 huge international banks, who employ seasoned, experienced traders to trade on their behalf with millions of dollars to risk on each trade. They can and do manipulate prices on various currency pairings at various times for their own benefit. It's a zero sum market, where if someone wins it's only because someone else has lost. The experienced traders working for the big banks make, on average, around 30 per cent profit a year. This is a handsome return, translating into billions of dollars, but it's nowhere near the levels promised by sellers of Forex robots, software, courses, etc. And this profit is made from the thousands of newbies coming into the market all the time armed with their robots, systems, and so on. The only safe way to make any money in Forex is to sell the products to the people who want to buy them.
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03-22-2010, 01:46 PM	#105
SmartFX Active Warrior Join Date: Dec 2009 Posts: 49 Thanks: 0 Thanked 4 Times in 4 Posts	Re: Is Forex Trading Really Worth It? Yes, it's possible to be constantly profitable on Forex. And of course don't believe in clickbank 97$ or 147$ money machines. None experienced trader will not sell his trading method that helps him to earn real money. Think about why it is necessary? Another thing is trading signals. You will not get system and algorithm, but you will get clear recommendations, this is not hard but may be a good additional income for trader. But of course I'm talking about services with performance proof, statements or better 3-rd party verification as mt4stats.com for example. Best regards.
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03-22-2010, 09:20 PM	#106
honestbizpro Senior Warrior Member War Room Member Join Date: Mar 2007 Location: , , . Posts: 3,841 Thanks: 194 Thanked 509 Times in 316 Posts	Re: Is Forex Trading Really Worth It? I would learn all you can on Forex Trading. Then share all that you learned on a website. Then sell the website. You just made money with Forex.
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