What Happened To Online Forex Trading?
By jonify
@jonify (90)
United States
May 24, 2011 4:15am CST
Earlier last year most of my friends talked about getting into online forex trade. They went into the business, only to come back to tell me they loosed all their money.
Just recently, i noticed no one talks about this business. I'll like to know your opinion on what happend to forex trading. Coz, i'm planning to get into it.
2 responses
@narnia007 (1050)
• India
9 Sep 12
It is not like no one is going into it.Even now,some people get into Forex.If they fail,they quit this idea and never speak again.If they get on good with it,they are successful and get loads of money and very few share their ideas of winning here.Apart from it,it is very risky because of the highly volatile market.Also,even highly experienced users would fail many times and the main thing about trading there is that we should make more profits than the the losses.It is like a game of luck which can won to some extent if it is studied carefully.
@naija4real (1291)
•
24 May 11
Forex trade is a good business that anyone that is well trained can do and if you are doing it the right way you stand the chance of earning good amount of money within a short space of time.However, many people who do forex trade are not well trained by forex training school. They lack a sound knowledge of how to apply the technical indicators that will enable the user know the direction of the trade.Most trader often trade with fear and before you know it they are already doomed for failure.
My best advice is for a trade to do some demo trading before embarking on a live trade. Demo trading is like a virtual trade or practice account which a trainee can use to practice after attending the forex trading course.If a trainee is doing well in the practice session that means he or she will do well when practising the live trade. So everything depends on the training school that a user attend to study forex. Is it a good forex training school? Is he or she grapping the knowledge effectively on how to place a trade? Does the trader know the time not to place a trade?