Can we really make money with online forex trading ?

@pclife (246)
Malaysia
March 10, 2008 7:05pm CST
Sigh.. Im involved personally with online forex trading for few years, I studied about all matters involving forex trading online... Selecting best brokers ,When it come to trading I take a deep reading and studying on many forex trading indicators and strategy... But what I got for all these ? Lose lose lose ... I did losing thousands when it come to real trading .. forex is crazy.. I was really frustrated... I am Thinking about leaving forex trading for life... Anyone there expert in forex trading ? Should I stop or keep trading with forex ? please help...
1 person likes this
4 responses
gettysburg
@gettysburg (108)
• United States
29 Mar 08
I've been doing some reading and research about Forex, and all info I come across is bad. Sounds as if only a few people ever profit. It would be best to stay away from this scheme. Sorry, hope you didn't lose too much.
mohsin3161
@mohsin3161 (654)
• Pakistan
30 Mar 08
well i tend to disagree with you .There is no free meal and you have to do your home work before jumping into live trading .All those who lose are enticed in to trading decisions which are categorized as greedy.If you device a strategy and back test it you WILL be successful the only thing is ATTITUDE take it serious and all will be fine .
lily3753
@lily3753 (388)
• China
11 Mar 08
hi,I am Chinese.In China,we have online taobao trading and I am familiar with taobao .As I know, many of the traders can profile very much .so,come on,if you work hard,you will be successful.
iamzhh
@iamzhh (139)
• China
23 Mar 08
I am also chinese and I want to know if you understand what is forex? How can you link taobao and forex? You are too great.
mohsin3161
@mohsin3161 (654)
• Pakistan
29 Mar 08
All you need a tested strategy and plenty of patience . what i am able to make out of your post is that you have not gone through demo account and back testing . Lately i am also trading forex and am quite happy with it. hopefully you are able to have some patient and trade with sound money management strategy you can be successful too!
marketessence
@marketessence (1)
• Moldova
14 Mar 08
Unfortunately, reading and studying usual forex literature, systems, indicators is NOT useful. You need some kind of OTHER look. Have you ever thought about WHY do you lose? Believe me, answer is "because of misunderstanding forex befavior"The other way of look and professional trading education is perfectly given here: http://www.marketessence.net/ with the best wishes of luck.