Sunday, June 17, 2007

Is Forex trading as simple as all the come on ads I see and are their trading platforms user friendly? -

Since the platforms are user friendly It s extremely simple to place a buy or sell order. What is difficult is to make money on this market. Forex is a difficult market and to make money consistently you need to educate yourself and work on it. You can start by reading websites like http://www.freeforexebook.org , http://www.babypips.com , http://www.forextopten.com , and http://www.topforexeducation.com . Forex trading is not simple, but it is easy to get into. Unfortunately, what is NOT simple is the strategies that you must really get proficient at to make a profit from it...meanwhile, if you re not careful, you an lose the entire value of your account. Just be sure you know what you re doing, spend a lot of time educating yourself, get a practice account, and begin trading on paper, so to speak. Most platforms are, in fact, user friendly; they have to be, to keep their customers. Again, be careful. yes, trading in forex is simple and the trading platforms are user friendly, however, it involves a high degree of risk in the sense that you may lose all your investments if you don;t know how. on the other hand, you can gain unlimited income- as much as you can- if you are lucky. check this site and register to get a free ebook. you need to read and learn the trade before jumping in. the good thing with this site is, they can provide you a personal Account Service manager with whom you can talk, chat or email and who can answer all your technical questions as you go along. Yes, all the big guys that you have ever heard of do everything possible to make their free platforms user friendly and make it easy to trade. It s the making a profit that s hard. Read a lot of books before you start. It ll be cheaper than losing because you didn t understand what you were getting into. depends on strategy. you can be a complete idiot and still make money, provided that you are using some kickass Expert Advisors. Nope, it s not simple at all. Hard work and persistence is required to become a profitable trader.

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