Can you truly make money with forex? -

I have tried forex, and it doen t look good to me. With both forex and day trading, you need a substantial amount of money to make a decent profit. Otherwise swing trading is probably the best option. If you re smart to predict. I made money but then lost due to wrong prediction. People make money. This is a high leverage opportunity where you can earn very high (or lose very high) Hi Grover, You definitely can. A problem is that most people go into forex trading with incredibly unrealistic expectations. They think that the moment they fund their account and take their first trade, they are on their way to becoming millionaires by the end of the week. It also doesn t help that many people just want shortcuts, like the forex expert advisors, indicators that tell you when to trade. Nobody really wants to learn the nuts and bolts of it all, which is sad. Because if they did their trading would be A LOT better. The other thing that kills accounts is the horrible mixture of fear and greed. A lot of traders just don t know how to handle their emotions and it destroys traders. But if you don t make the same mistakes that other traders make, there is absolutely no reason why you can t succeed. That goes for anybody. Call Bernie Madoff. I understand he s having a quot;Going out of Businessquot; sale.. He probably has some bargains for you. No. I know of nobody has made more than enough to buy a cup of coffee. Day traders the same. Some people make a lot , alot of people lose a heap of money , the same with any market, only in forex it happens quickly and the only ones who seem to do really well are the scammers and brokers who make it sound so easy to turn 1,000 dollars into 1,000,000 in a very short period , I think you can, but it takes a lot of patience and discipline. Patience to wait for the right trade entry conditions. Patience to let your profitable trades reach your target exit price. A lot ot people will take profit too early only to see the market continue to move in your direction. Discipline to stick to your trading plan. Discipline to cut your losses fast and let your profits run. A lot of people will let their losses run, thinking that the market will one day turn in their favour. Always know that the market is always right. Never trade when confused or chase the markets. Never trade without a stop loss. http://fxtradesharing.blogspot.com There are people who trade forex for living. All you need is a good trading plan and follow it strickly. You might want to check out this newly developed forex blog. http://easy101forex.blogspot.com Some people make money but most people lose money in Forex. If Forex doesn t look good to you, then simply try other market. It s better to realize Forex is not a good option for you than to lose your money on the market. Good luck. Forex is not a get rich quick scheme,you may lose your money by trading without proper knowledge,so learn first.