Saturday, April 14, 2007

What is the Forex? Is this true? - http://forex.easynewsonline.com/? -

i found a site: http://forex.easynewsonline.com/ and downloaded some ebooks etc free from there, it all sounds very exciting, firstly can someon go check out these books and infomation out to see if it is correct info and secondly can you make that kind of money?! Foreign exchange trading is very difficult and the spread is fairly wide for smaller sized investors. You can make money, but make sure you know what you are doing. There are alot of economic and political forces that impact currency rates, and if you don t understand them you are at a disadvantage. some info find here: http://re.awarded.in/re/top-forex-tradin... ------------------------------ quot;My way to financial freedomquot; - http://re.awarded.in/re/top-forex-tradin... ------------------------------ Forex, you can make a lot of money or lose a lot of money. Try some demos from various forex brokers before you jump in with real money - and beware there are some less then ethical forex brokers. Who knows, they way the dollar has plummeted to historical lows, you may get in in time to ride a couple corrections down And forex training sites are usually a scam, as are most signal sellers . The site listed above (by you) is a rip off. No one in their right mind can make the promises made there. Forex is real. Forex is dangerous. 90% of all new traders in FX lose most (to all) of their account within 90 days. If you re serious..... take a year to learn FX. Read MANY books. Stay away from exagerated claims. Avoid quot;alertquot; services. PaperTrade. Develope your own technique. Check out; www.BabyPips.com www.ForexBastards.com And remember, the brokers and 97.5% of anyone pushing FX are out for your money. This is the most quot;rip-offquot; prone market I ve ever seen. But.... if you work hard. Use very well cultivated quot;money managementquot; techniques. Avoid: Greed, Fear amp; Indecision..... you can do very well. Consider yourself warned. well forex is a very serious issue alot of people have made money from and are still making but u need study about it very well before u go into it, checkout this sit easyforex.com maybe it my help goodluck. If it sounds to be good to be true then it is too good to be true. Professionals find it difficult to make money in the markets at the moment so how on earth you reckon you are qualified to do so beats me. It is easy to be swayed by some of the incredible claims that some Forex site make. Personally I think 4000 pips a week is a major stretch. A more realistic target for someone entering the Forex market would be averaging between 5% and 12% per month depending on their risk tolerance and the strategy they employ. Looking to get rich quick is a sure way to get poor quick! The key is to reduce risks, employ sound money management principles, eliminate human emotion and never risk money that you can not afford to lose. Good luck and don t believe everything that you read. Cheers, Paul Upp (925) 236-1839 If trading forex was that easy... 95% of all traders fail and I am sure most of them read some of those ebooks too. Just take some serious education before you jump into the forex with real money

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