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FOREX anyone..?

by staccato
3 replies
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Hey everyone,

Apart from all the wonderful marketing, do any of you guys trade FOREX..?

Was just wondering, im interested in starting out and would love to make some new friends who wouldn't mind sharing their experience and strategies..

Thanks
S
  • Profile picture of the author JduncanMD
    Originally Posted by staccato View Post

    Hey everyone,

    Apart from all the wonderful marketing, do any of you guys trade FOREX..?

    Was just wondering, im interested in starting out and would love to make some new friends who wouldn't mind sharing their experience and strategies..

    Thanks
    S
    Nope, and I was skeptical because it is a highly volatile market. Maybe if I don't have any other obligations
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  • Profile picture of the author billyboy
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    • Profile picture of the author staccato
      Originally Posted by billyboy View Post

      ^^....^^

      Yes I do. just made over $600 this morning going long the eur/US$

      Like any bizz....you have to take it with a pinch of salt. I see more scams in I.M than in any other niche although FX isn't far behind.

      You have to be realisitc. 1%-2% a day is doable with the odd losing day thrown in. It's not easy. But can be done. Like any other bizz.
      Hey that's great to know...Im pretty excited about the whole thing...Very interested to get started A.S.A.P...

      Any chance you would share how your system works..? In a glance maybe..I had a look at the links on your signature..

      Thanks
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      • Profile picture of the author myob
        My recommendation is to stay away from Forex, and run as fast as you can from those who promote it, especially online affiliates. Nearly every beginner loses all of their money in Forex. Without a substantial investment of a minimum of $10,000 you can never profit from the small incremental differencies in the currencies.

        I have been a very successful Forex and stock market day trader for many years, but even I have made many very costly mistakes myself. Don't trust those trading "robots"; they can't guess any better than you. Most forex brokers offer practice accounts and tutorials. You can practice trade techniques without risk.

        In real trading, you should plunk down $50,000 or more and don't get too greedy. Take any uptick, and repeat. It is not easy as so many "marketers" would have you believe, and certainly not a passive way of making money. I sometimes do several hundred trades a day. As far I know, Forex really is the fastest way to make huge amounts money, but it is also the fastest way to lose money; often within seconds.
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