Wednesday, July 18, 2007

Does quot;forex made easyquot; system work? Can someone explain the trading of the four currencies. Should I get this? -

Does quot;forex made easyquot; system work? Can someone explain the trading of the four currencies. Can anyone do the trading from their home computer? The headline and name quot;Forex Made Easyquot; is a gimmick to get new customers. I would say the company is legitimate, but the name is simply an advertising ploy to draw new customers. They ve tried to make the quot;processquot; of setting up a Forex account quot;easy,quot; but you have to go through the same process anywhere you open an account. The gimmick here is that it implies that quot;trading the Forexquot; is quot;easy.quot; It seems to imply that all trading is quot;Easyquot; as long as you sign up with them. If that were true, we would all be rich. Trading is the most difficult endeavor you will ever undertake. To think it could be quot;easyquot; is unrealistic, unreasonable, irrational. Dream on. hi, you can try easy forex. the pioneer in forex market. http://www.bernanke.cn/easy-forex/ wish you make a fortune! good Luck ! The 4 currencies or the Trading in the currencies of the 4 major economies. Forex or exchange rates is quoted in pairs. The 4 major trading economies would be USD for USA, Euro for European countries, JPY for Japanese Yen, Sterling pound for British Pound. And in the forex market it is quoted as : USD/JPY EUR/USD GBP/USD and of course CHF/USD for Swiss Franc AUD/USD for Aussie Dollar. As far as system is concerned you have to take it with a pinch of salt, if not the world would be full of millionaires by now. It still requires personal jusgedment. And like most system which suppose to take the psychology out of trading, it just does not happen. Psychology of a trade, a profitable trade and a losing trades are probably the killer of most traders if they care to admit it. Money management is the next crucial element. In fact entry and exit may just account for 30% of a successful trades and account equity. Get the book by Dr Alexander Elder, quot;Trading for a Livingquot;, he is by far the best author that explains the behind the scene so to speak of forex trading. http://www.geocities.com/lcming/Forexboo... Good Luck ! Forex trading can be done from your home computer at one of the online trading sites such as www.forex.com. I highly recommend opening a demo account first and playing with that for at least a couple of weeks. I have been very successful at forex trading, so it certainly does work. Even my mini account that I started for $250, I was able to make it over $5k within six months. However, you have to keep in mind that it is very high risk, and there is a good chance to lose money as well. I have also dedicated a lot of time to trading, I do plenty of research before I enter a position, and I use all tools and information available to me. I have known some people that have had absolutely no success whatsoever. It s certainly not for everyone. You have to get a quot;feelquot; for the market, and some people just can t. You can get a great deal of information on the forex websites, in their quot;educationquot; or quot;knowledgequot; link, faq s, and of course, nothing beats the demo account. An excellent book to get you started is titled quot;Forex for small speculatorsquot; by Noble DraKoln. It is a very quick and easy read, and will certainly point you in the right direction. I have found many other Forex books too complicated unless you are thoroughly familiar with Forex and Finance vocabulary. If and when you do open a live account, start small and put it in your head that you are going to lose that money, and that you are basically paying to learn. Good luck. For your information visit http://net-new.blogspot.com/ and search

No comments:

Post a Comment