Are you really making money on FOREX? -

I would like to here an answer from people who studied and have gone that road, please mention how you succeeded or how you didn t. Thanks. Yes you can make money trading forex. The secret is discipline. You must take the time to learn the proper techniques and strategies (fundamental and technical analysis). These will be your tools. When you trade you must trade with strict discipline. You must trade with a plan complete with entry criteria and an exit plan (with stop loss or take profit strategy). Good luck! The key to make money in Forex is education. You need to learn everything you can about it and practice it on a demo account. A few resources that you can use are: http://www.freeforexebook.org/ http://www.forextopten.com/forex-article... http://www.topforexeducation.com/ You must also learn how to avoid high risks. Don t use much leverage and never risk more than 5% of your account in a single trade. Learn to use stop losses and money management rules, and you ll be on the right track. You can make money in forex, but you need to understand it well. Forex is basically trading world currencies. At times the US dollar is worth more (or less) than other currencies worldwide. The dollar can rise or fall against those other currencies. The trick is to buy when the dollar is low and on the rise to another currency. The site below has developed a formula that tells you what currency to trade and at what price... I have not really gone into it personally but my friends who are into it has been complaining of the unpredictable nature of forex and the have suffered heavy losses.