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Anyone dabble with Forex trading?

by Brad Callen
13 replies
Curious if any Warriors mess with it at all. (i.e. read any good overview eBooks, etc?)

Brad
#dabble #forex #trading
  • Profile picture of the author robd1302
    I've dabbled in it, but I've never done particularly well. Unlike just about any other market, prices are based against another single currency instead of on overall supply and demand, so technical analysis doesn't work the same way. As such, most good strategies I've seen don't rely heavily on technical analysis.

    I've been meaning to jump back into Forex, and post to a blog that I've had setup for years about my experiences. I'm finally getting to a point where I feel like I might have the time to actually do it.
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    • Profile picture of the author myob
      I have been involved with Forex trading as well as stocks for nearly 14 years, and doing very well at it even now. There are a lot of scams trying to sell you ebooks on Forex trading most of which are written by those with little or no experience. You can't learn it just by reading a book, although it is a good start.

      My suggestion is to play around with a "practice account" you can open at most forex brokers. Try using fxcm.com. They have a practice account, lots of tutorials, some excellent software and charts. You can even open up a micro account for as little as $25.

      Most new people lose all their money in Forex, so start off small.
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      • Profile picture of the author Marhelper
        I have been involved with stocks, forex, futures for a while and do pretty well at it.
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      • Profile picture of the author askloz
        FXCM is not a good place to trade with, they sniff out stop losses... Plus their forex platform (charts) suck... they lack indicators and some of their indicators are not precise...

        In my course I tell ppl to use a meta quote (MT4) plafform, far more professional and easier to use, and accurate indicators (well, as accurate as they can be, but darn site better than onada and fxcm's).

        FXCM started out as a forex investment scam called C-Currency back in 2000, they lasted 2 years, and moved away never to be seen again, myself and about 20 or so other ppl tracked them down and found they started FXCM, and C-currency was their main pool of funds to start the company up.

        Originally Posted by myob View Post


        My suggestion is to play around with a "practice account" you can open at most forex brokers. Try using fxcm.com. They have a practice account, lots of tutorials, some excellent software and charts. You can even open up a micro account for as little as $25.

        Most new people lose all their money in Forex, so start off small.
        Signature
        HEADS UP - EVEN NEWER -->> 27 Dollar FX Systems - Ultimate Golden Cross - FX Signal Book
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        • Profile picture of the author mikeb209
          The first time I used it I made like $1500 in 3 days using the demo version. I thought, Man this is easy money! So I funded the account with $300 and lost it all in about 5 days.

          Haven't tried it since, but still interested. Just haven't got around to it. You can make some easy money with Forex if you know what your doing. Sign up with a Forex site a try out their demo version first.

          But you probably want to try the demo for about a month before you go with real money.
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          • Profile picture of the author askloz
            A month? and the rest mate... you wont get to learn everything inside a month, there's too much in it... and you wont get to experience all the market volitity and currency pairs personality, yup, they have personality too.

            Originally Posted by mikeb209 View Post

            But you probably want to try the demo for about a month before you go with real money.
            Signature
            HEADS UP - EVEN NEWER -->> 27 Dollar FX Systems - Ultimate Golden Cross - FX Signal Book
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  • Profile picture of the author Coolneter
    i tried it a while ago. It was one of the first things i ever tried with internet marketing, i didnt even know what i was doing.
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  • Profile picture of the author Eric Stanley
    I use to trade forex right after I traded stocks, but mostly trade futures (ES, YM) and options on the index ETFs intraday now.
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  • Profile picture of the author stefanjames
    Been interested in it but really haven't done anything with Forex because the Stock market is in the dumps from what I see on the News.
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  • Profile picture of the author Tosh
    Mikeong88 is right about it being boring sometimes. Also whoever mentioned starting small was right. If you trade full lots you can lose hundreds of dollars in a matter of minutes. Best to start with mini or micro lots. It is also imperative that you have good software to help you along (other than what the brokerage gives you).

    I have a friend who teaches forex, knows all the best software and the best brokerages. Ill pm you his contact info.
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  • Profile picture of the author Iamnotherenow
    I'm a forex trader. I don't use any books or indicators. I turned 2k into 18k in less than 1 week.
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  • Profile picture of the author askloz
    LMAO, have I give you the bug mate.

    Dude, seriously, move on to Module 2 of my course and you'll do just fine

    Facebook FX MasterMind Group

    My facebook FX Mastermind Group. Ask questions here if you will and I'll do a video on it, viewable for free for those who want to know more info.

    Also, want to know where I learned forex from?

    Please Register <--- equis.com

    if it takes you to a page where it asks you want you want to do, click on the link that says: no thanks take me to the resource selected.

    P.S
    send me those questions so I can help more...

    P.P.S
    get on skype so you can join in on the students fx chats



    Originally Posted by Brad Callen View Post

    Curious if any Warriors mess with it at all. (i.e. read any good overview eBooks, etc?)

    Brad
    Signature
    HEADS UP - EVEN NEWER -->> 27 Dollar FX Systems - Ultimate Golden Cross - FX Signal Book
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  • Profile picture of the author sevenish
    I've been trading fx for a few years. Mostly I've traded mini futures such as Es & Er for six years now.
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    100% atrocity-free! No annihilations, assasinations, explosions, killers, crushers, massacres, bombs, skyrockets or nukes.

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