Tuesday, May 15, 2007
What do you think about FOREX trading?Is it working or is there a hidden trick beneath? -
There is no quot;trickquot;... Just hard work and dedication. Read a new book on trading every month (if possible). Include books on FX, Technical Analysis, Money Management/Psychology of Trading. Do this for 2-3 years... On occasion quot;paper tradequot;. If you do well on paper trading... do not think your re quot;readyquot;...... it s an illusion. Do not buy quot;softwarequot; or quot;alert servicesquot; that will quot;make the money for youquot;............ In 3-5 years you can be profitable in FX (especially if you have other trading experiance)................................ Put it this way: over $3 trillion dollars change hands everyday in the forex market. if you could carve out a little piece of this, you would be a millionaire. So YES, there are huge amounts to be made as well as lost in the forex market. In order to trade on your own, you would need to educate yourself well and that could take months and maybe even years. For a beginner, I would suggest using some forex software that will allow you to use a demo account. You also need to find a software that has a 60 day money back guarantee. this way, you buy the software, use it on a demo account (meaning you aren t trading with real money so you aren t risking anything) and see if the software works. If it works, then invest a minimal amount of money to see if the software still works in your live account and then just keep growing it. However, if it doesn t make money in the demo account, then get your money back for the software. This way, you don t risk of dime of your money until you see results :-) This is by far the best way to test the waters, and best of all, you won t lose a dime. I ve done this with over 13 forex software on the market today and only found a few that really worked for me. You can check out the better ones I found at the link below. All 3 offer a 60 day money back guarantee and demo accounts so you can test out the software first. http://www.allcbreviews.com/finance/auto... Cheers, B register to this site and download a Free Forex Ebook for you to understand how forex works. all the best. For Forex trading, you got to have very good experiences and trick and good networks in term of right info. ...it is good.
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