Does people really make big money doing FOREX? -

I have this neighbour who rides luxury cars and has houses here and there by doing FOREX alone. Is these really possible ? I thought FOREX is like a roulette. You are basically gambling your money away? nothing is guaranteed in investing - he s just lucky if he s telling the truth or does a lot of research and knows what he is doing - the average person is far more likely to lose money in currency trading Anything is possible. Some people do very well trading, etc., but keep in mind most do not. Forex is far more complex than stock investing and involves more variables and you are trading against governments and major corporation that may enter or exit a market for hedging purposes. Yes, there are people making big money from forex and some who call it their job. It isn t exactly like gambling because you can analyze data and trends to make successful trades. If you have the right tools and information, it can make currency trading a lot easier. I was a little skeptical when I first began but I know from first hand experience how lucrative trading on the forex market can be. You are right, it is like roulette for a complete beginner. It is a complex market, but there is boatloads of money to be made if you get educated and know what you are doing. Over $3 trillion is changed hands on an average daily basis in this market. Another option for beginners or even experts, is forex trading software that will find the signals and make the trades for you. It runs on complete autopilot and is newbie friendly, so you don t have to be educated in the forex market to use it. They offer 100% money back guarantees and some will even deposit money into your live account upon purchase. You can check out the top forex trading software here: http://www.allcbreviews.com/finance/auto... B You can, but it s complicated. You should straight up ask your neighbor how he does it and if he could teach you how to do it. Without getting into the thick of forex technical analysis, you can use an autopilot program that does much of that work for you. I ve been working with Forex Automoney and I ve been making money, while learning how it all works. The answer to your question is yes. Lots of people make big money trading in forex. But that doesn t mean anybody can make big money. You have to be educated, smart, and disciplined. It takes time and practice to be good at anything, but once you get the necessary education, then the rewards are BIG. I have found a pretty good site that s geared towards beginners. It s at www.forex-campus.com. Good luck! First of all, FOREX (Foreign Exchange Market) mainly involves huge international banks, governments and corporations trading millions of units of currency at a time. Secondly, it s a quot;break evenquot; game like poker. What one person wins, someone else loses. All financial strategies are gambles. Whether you buy real estate, stocks, or precious metals; the value of your purchase can either increase or decrease in value. There is no easy get rich quick scheme although many web sites try to lure you in with that promise. Yes there are people who make big money from forex. You can trade forex like a gambler. Then you either make big or lose everything. Or you can learn the trade like a professional and live on it. If you are good, then you can make big money like your neighbor. Yes you can make good money but you can also lose good money too. Here s a beginner s guide to forex which shows you EXACTLY how to start it (so you can decide if it s really for you or not): http://www.forexfromscratch.com Hope this helps?