Forex produce safe money or is risky !
By baressi43
@baressi43 (458)
Romania
February 22, 2011 10:24am CST
I have some activities with companys forex like investor.I started with demo account for learn more methods to trade and reduce investment risk.Finnaly I open an real trade account with real money so I invest total 400 $ in two trader forex platform and I loose all my money after one years activities.But I want to say that this experience offer me a good experience in management actions,discipline trading and a time.
3 responses
@RajaKrsnan (39)
• India
26 Apr 11
Trading forex is risky, but that does not mean you have to lose money every time. most losers do not learn what needs to be learned. they simply listen to some idiot and gamble with their hard earned money. I had a bad run at the beginning of this year which wiped out a major part of my capital. but then i stayed out for sometime and then started to recover what i lose in a systematic way.
i trade now with a 1:600 leverage and is quite happy to even try out 1:1000 as i learnt how to manage my trade, money and life. its a continuous learning process and that is what keeps you in the profit most of the time.
@baressi43 (458)
• Romania
29 Apr 11
Yes RajaKrsnan this is a very important point: how to tested your or my strategy in forex?So it is important to check very carefull and after to aply in real count to work.You have profit with your strategy?I apreciate your answer.
@RajaKrsnan (39)
• India
4 Jun 11
Best strategy is to take small profits every time. looking for bigger margins generally land us in deep trouble. stick with the stop losses and if a loss occurs, just stay out of trading on the day if there is a loss bigger than expected. there is always an opportunity and all one needs to do is to be in a good state of mind while trading.
@Gaurav2181 (49)
• India
16 Mar 11
I have no idea about forex but as far as trading is concerned.. I will say we should invest for longer period instead of trading.. trading is always risky.. Unless you have perfect knowledge of the game.. take care
@carolinemys (279)
• Malaysia
24 Feb 11
A lot of things to be learned in forex. Before you trade forex you must know this bussiness will have losses. Like any bussiness you will have profit and loss. In forex you must cut your losses and increase your profit in the long run. How you do that? Find any forex system ( Good ones and free :forexfactory.com) DEMO trade until you r in profit at least for 2 months before going live.
