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| Investments Discussions and questions about stock market investments, tax free savings, and high interest savings accounts. |
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| Investments Discussions and questions about stock market investments, tax free savings, and high interest savings accounts. |
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Hi,
I feel that FOREX trading is like playing with fire. the incentive of most FOREX companies is to bet against you ... they actually loan you money and encourage you to lose it. Unless you live for the thrill of gambling - there are much more safe and sound ways to make a decent profit.... |
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FOREX is too far from investing. It's speculating in the clearest form possible. The high liquidity and margin accounts are a big potential source of profit but more often the results are cleared accounts. It takes discipline and a great knowledge of yourself. Practice and money management are also very important. Maybe the most important thing is to risk money you could easily afford to lose.
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Foreign Exchange or Forex as it usually known is really a good place to make your living, but you got to know what you are doing. Don’t just open an account and start trading because you will lose your money.
Before trading on live account, try to read educational materiel on the subject, learn the technical analysis techniques and fundamental techniques. Find a good broker that has good reputation, even if he gives you a bigger spread that a broker that you know nothing about. All the best. |
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Absolutely, 100% no. Forex rates are the consequence of shifts in the supply and demand for the goods, services, and assets denominated in a specific currency. Does that sound easy to forecast?
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In forex trading an individual has the freedom of choosing where, when and what to invest. A free trial forex trading account can be made first where you can practice so you can learn how it really works and know the right skills.
By knowing all the basics about forex trading you sure can make a lot of profit from doing this sort of business no matter where you are located in the world. |
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Yep, it's a good type of investment. Just start with a demo account and work on it then when you gain confidence, you can proceed. But, keep this in mind that FOREX is
not so simple and as easy as stock market trading. So, look at various aspects and then indulge.... Happy investing
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