Trading on the Forex Market idea is good or not

recognize and truly realize the risk in forex trading, because as other investments, in forex trading risks that may occur commensurate with the profit that can we achieve mentally prepared and strong willingness to continue learning, because in forex trading so many things that need to be understood and learned. do not be impetuous to deposit in significant amounts. "just as much as you are willing to lose" to practice, use the virtual account first before using a live account. Do not feel useless to use a virtual account. let's just practicing with a virtual account, it is the first orientation, because somehow we need the introduction of field conditions first, before progressing to the battlefield. in addition to practice analysis, practice is also the problem of margin management. many traders are in a virtual champion, but lost in a live, because less familiar with the limitations of the margin, which is usually experienced when we use a live account. for that I recommend, to use a virtual account with the amount adjusted to the plan of our deposit. do not easily give up, many traders who managed to find the right trading system, after several times experiencing margin call.

Till date what I have understand goes like this: Forex trading, Share trading, and commodities trading in CDX and NCDX are all same as these trades are done on the basis of fluctuations in the market rate of different different items --- they all need good prediction of market trend. Forex is based on foreign commodities like prices of dollar, pounds, etc. Like any trade, extensive experience is needed in order to get successful in this type of trade. Unless we have good experience, we cannot predict market trend. My brother is doing share trading since last three years, and he has one terminal of his own, but still he is learning new things everyday. He is not in very good profit now. All his purchased share are down. So, my view is, Forex trading is good, but before investing large sum, we must understand the technique and market pattern very carefully so that we can predict the future changes in the market in order to gain some money. Initially, one can start with small amount under supervision of an expert and learn how the things are done in this trade and when he has gained better understanding, he can start on his own.

Hi surekha, trading is good but have to check out which shares you are going to buy. Check for hundreds of times before buy the shares because this may take to both heaven and hell. So, all the best and be carefull while you getting into that...Have a wonderful time.

hi, Forex is introduced to me by one of my friend (online).He helped a lot and taught me about forex market.He helped in each and everything regarding forex.Its good and if ur good in doing that u will earn .Should hav maths and knwledge of many things online so that u dont fall in scam things.

HI surekharathi I have absolutely no knowledge with Forex and sorry I won't be able to help with this. I am not so into investing and maybe one day I will look into it because this may very well be a good area for online ventures. The only thing I can suggest is definitely research every avenue possible as to success and failure rates with it "before" you invest. Doing so after wards will only cause you to loose money. I did read a members discussion the other day and not about Forex but she did mention she earned a little from it. I was very surprised because she admittedly said she is not investment savvy, yet she did profit. She is a mutual friend so maybe we can get further input from her on this. Probably at least worth the asking because she being first hand with no experience may be the one to provide hands on information.

Hi surekhaji, Once again good topic and I will rate it after this post.I have heard about this but really don't have much knowledge about it.Please post any informative links if you know.It seems to be interesting as we can trade online in this trading.Have you started trading in it? If yes please tell me how to start it.Thanks in advance. Happy mylotting.

You are right about that! There are plenty of FOREX sites out there and all of them are claiming to be legit but they all turn out to be scams. One of the things I learned from FOREX, is that you should not invest a big amount of money. If the plan includes investing only one dollar then i think its harmless since its only a dollar but the risk is that you wont have any returns as well.