Stocks or Forex - Have you tried any?
By darkzzt
@darkzzt (757)
Canada
April 29, 2007 6:52pm CST
Has anyone here tried to invest in stocks or in the foreign exchange market? Which one is better? How much money can be made from them? If you are an investor, how much money are you making? Is it enough to support yourself or will it always be on the side?
I havent tried any yet. At least not for real. I once tried a virtual version of the stock market using real stock prices and virtual money. i made a lot of profit but i dont know if i can do it in real life. i am scared i could lose a bunch of money. of course, i wont use too much to begin with since i am an amateur. i also signed up for a demo account for forex but i am very new to forex with all the new concepts such as 'pips' and 'lots'.
4 responses
@samrat16 (2442)
• India
30 Apr 07
To me Forex is more straight forward. Stocks is a derivative of a derivative. You are not really buying anything are you. Its just an index. Not a share. Not a currency. Not anything. Might as well go to the casino. You know what I mean. Its like the casino opening another table for people to gamble, sorry I mean trade. Whats the point ? On that philosophical point I choose Forex. That is if I hav eto choose between the two. My ethical choice would be to buy share in a growth company. Even then why should I pay the PE ? So if i hav e the money to invest I will invest in myself in a small business that I like.
@gudangemas (84)
• Australia
30 Apr 07
www.babypips.com is where you should start. For me forex is better than stocks. I am still working full time and spend only hours of my day to forex. Profit from forex is hard to measure because it is all vary. You win today and you lose tomorrow, the main thing is you have to learn from your losses. Try forex for at least a month before you throw in any money in it.
@optionsguru88 (310)
• Singapore
25 May 07
Hi :
I've been trading stock options for the past 2 years and all I can say is investing takes time to learn. You need time to learn how the market works in different business cycles and different economic situations and experience first-hand how the market reacts according to investors' perception of the market.
You would of course need to experience how the skills you've learned react in different market conditions and in what circumstances do your skills give you the higher probability of success.
The market would sometimes behave in a certain way during a certain circumstances thus it's up to your patience and skills level to capture such an opportunity to make money when the situation repeats itself.
Yours Truly,
Tony Chai
a disabled trader
http://options4u.blogspot.com