What's your opnion about forex? this is some my experience about forex!

@hwj308 (64)
China
November 3, 2009 8:34pm CST
forex trading online is now very popular ,I was one of the forex traders , but now I have stopped to invest on forex, in fact ,I have lost much money on forex,ever ,I have earned serveral times of my original funds,but my aspiration of earning money is much greedier,and I have attempted more adventures ,and finnaly my fund all come back to the original fund,I have spent so much time and labour, And when I was trading ,even when I earned a lot of money , I always realized that I was not comfortable ,I was always anxious about my forex funds,I think that I should not go on forex trading ,it's nonsense,I I am a student , my responsibility should be studying in major , but at that time ,I have to abandon much of the studying time ,time is valuabe ,eapecially learning time is more valuable! So I have choosen to stop forex trading to learn more knowledge ! I think earing money by knowlege is more fit for me! I like this kind of life even I may not earn more money !
1 person likes this
5 responses
@lkbooi (16070)
• Malaysia
4 Nov 09
Hi hwj, I’m glad to know that you finally quit from the online forex trading. You are still very young and there are lots of chances for you to make money later on. Yeah, you are right! As a student you should concentrate more on your study. Knowledge and skill are what you have to learn to cope with future time. Therefore it’s wise for you to spend the valuable time to enhance yourself in every aspect to face the future challenge of life. Actually before having the forex trading there are lots of things to study. We have to learn knowledge and acquire info of how to analyze the forex trading chart, the pattern of the Japanese candlestick, the Fibonocci and.... etc. Besides we have to monitor the real time forex trading market every now and then. Any latest news announcing related to finance as well as aspects concerned would affect the change of market of currency Anyway we could gain money fast, we also could lose it equally fast as well! Take care and happy posting
• United States
29 Nov 09
Well, sounds like you guy are day time trader. I would more than happy to learn something from your guys. I would like to make some extra money too, but We have minimal knowledge on this world. I would like to learn more from your guys.
1 person likes this
@pratheep87 (1227)
• India
26 Mar 10
My opinion about forex trading is stay away from forec trading if your zero in forex trading. It can take your hard earned money within minutes. Try forex trading with demo account and goto real trading.
@moorange (319)
• Philippines
5 Nov 09
You are still young and should concentrate in your studies actually. But it's good thing that you've experience forex trading. I am currently trying forex trading in practice account first before going to real money trading. It's always better to start with practice account and study further about forex system. I am also putting myself in discipline as not to go for the big profit instead go for the low but long term profit and least possible lost. I know forex is risky, but I can't tell if I am doing it right or wrong if I don't try it. :)
@clorissa123 (4926)
• United States
29 Nov 09
So, it is that mean you have to invest money on it, in order to trade money or whatever you gonna trade there. For me, that will be way too much risk involve in there. I might not want to join this website at all. If I have extra money, I might try it out. Besides money, what else do they trade?
@rg0205 (2636)
• Hong Kong
5 Nov 09
I had a managed forex account. I didnt handle the trading myself. Someone professional did that for me. The returns were not very high. Of course, the more money you put in it, the higher the returns. Forex is definitely not for beginners, as with any online trading whether it is stock or currencies. There are so many variables and derivatives which sometimes causes even the best traders/ trading houses to lose a lot of money from. Any investment is a risk but you minimize the risk by educating yourself. Before you get into forex, it's always advisable to start with a practice account to familiarize yourself with how forex works. Yes, we are all drawn to ways to earn money but when you stand to lose so much, always best to keep your guard up. I'm glad to see that you're focusing on your education.