trusted forex website
By Y4nkT33
@Y4nkT33 (31)
Malaysia
September 14, 2010 6:56pm CST
Does anyone here earn extra money by joined forex sites? I want to learn about forex but I don't know which site that good for beginner like me. its look like easy and can earn much more money. But I doubt to join because I don't know which sites can be trusted. It's dealing with a lot of money so I must careful, don't want be scam. I hope you can share your experienced here. And inform me which site that good one.
1 person likes this
4 responses
@flowerhorn (1008)
• Malaysia
15 Sep 10
For a newbie who want to learn about forex, babypips is a good site to start with. Go through the lessons there and also do the tests there.
Nothing is easy in life and this include forex. Many people think it is easy and go in for the killings but came out licking their wounds. Do you know that 95% of the people who venture into forex lost money? Even with expensive indicators and so called perfect trading systems? The only people who can make money easily in this area is those who market the products.
These people who market the trading system are professional. They may not be professional in forex trading but they are surely professional in marketing. That's why they are able to generate sale after sale and keep the cash register ringing none stop. It is their skill in crafting a successful sale letter to attract people to part with their money to get an easy money making cashing machine. If you think about it, if the system is really good, why would the system designer want to sell it to the public? Why not do trading by themselves?
So my friend, you see, we need to be professional in the field that we venture. The same goes for forex trading.
@fry_guy (110)
• India
15 Sep 10
that is very good said flowerhorn, forex is meant to be unerstood before investing and must be taken note at each investment you make and you sell. onl this way you can make note of what is going on.
my tip is before investing look for which currency are doin well for what rate and hour are chaging it may take you a week or month. reading more articles and business newspaper may also help. check foe china/u.s. currency there may be growing diffrence in their market so look for that as they are showing steady progress in market. if you are from developing or under developed country then your money will value more as they make huge profits with less invest. so if you are from there then that may be possible if you take china curency and comapre it with US then you may earn more.
@flowerhorn (1008)
• Malaysia
15 Sep 10
Yes, it is indeed wise to dig up info on a niche before we commit money or investment in it. Books are ideal to gain some fundamental foot hold.
Bird Watching in a Lion Country is a good book to start with. It deals with psychology of trading, risk management, money management, basic forex lingo etc. Nothing to do with lions, but you will get the message why the book of the title is such after reaching 100 pages or so into the book.
I prefer to use price action pattern in forex trading as compared to technical analysis. After all, indicators are lagging and volume in forex is so difficult to get. But indicators do have their place in forex, provided you know how to use them.
@aerous (13434)
• Philippines
15 Sep 10
I think there are many people around doing that thing, my friend. me too, I want to learn that process...
have a great day!
@greenline (14838)
• Canada
15 Sep 10
Yes, you need to be very careful in doing forex business. I have been seeing a lot of people rushing into the business and losing a lot of money. I am interested in the trade too, but I know I need to study the tricks and trades of the business thoroughly before I take the risks into it. I am also still looking for a good site for that.
Have a nice day !
@indahfth (11161)
• Indonesia
15 Sep 10
I joined Forex4you. I'm also a beginner, I have failed several times, and lost my money. But I kept trying, I now have a bit to master, and I've been getting great results. Although sometimes I still make mistakes, but I do not consider this a failure, but I use as a lesson.
