I am focusing on FOREX
By wealthymouli
@wealthymouli (710)
India
July 4, 2011 8:56am CST
I am recently focusing on FOREX market. From the beginning I found PTCs and other matrix are all not genuine and reliable except a few. And I found it extremely good with OFFLINE businesses than these mushroom sites which offer variety of plans. But, as a oasis I came across some forex sites and started focusing on this subject which is also having extreme risk and lots of insider secrets. It is proclaimed in most of the forex stuff that 90 per cent of forex traders fail. But, if one is determined and ready to learn and have patience, I am sure FOREX market is a real boon.
With a demo account, in one month, I made 1800 dollars profit. Not just like gambling. But with sure strategy buy and sell. Any one who knows are interested please participate and share views
4 responses
@venkataraman_vc (5293)
• Chennai, India
5 Jul 11
As one said above, if you have patience (and also little bit of luck) you can make big money with Forex. Wish you all the best on your efforts. If we don't become greedy, we can definitely make some profit. (I've read somewhere "Don't try to predict the market. And don't go further if your desired margin is achieved.")
@wealthymouli (710)
• India
5 Jul 11
Thanks VCV for the participation. As you said the secret is PATIENCE, NON-GREEDY mentality. Understanding what one is doing. Observation of the change of trend, finally, not taking risk in a hasty manner. That is we can risk maximum 10% of margin money. And I am now doing trading with 5 to 7 percent of my margin money though I AM DOING -- Rather practicing DEMO account. In last one week I made 105+ $ profit.
@magtibaygom (4858)
• Philippines
5 Jul 11
That's nice to hear you're doing great with forex. I would like to ask, what platform are you using? How much have you invested before you are able to make those 1,800 USD profit?
@wealthymouli (710)
• India
5 Jul 11
Dear Magtibaygom, it is mentioned by me clearly that I made it with a DEMO account. I am just learning and soon would go for a real account I have mentioned this also. We cannot simply open a real account. Even those who give the service insist on this one aspect. I opened with a 10K account. Later with a smaller amount. Then further smaller amount. [ ALL DEMO ACCOUNTS only ] made the profit not by just give a blind sell or buy order and close it when get money. I did that with a vision and reading different opinions by those start traders. Of course, mostly reading free stuff only.
@TeamCholent (2832)
• United States
4 Jul 11
There was a famous economist who once stated "Forex is for fools" as one can never predict which way things are going. You have to keep in mind that demo accounts give you more leverage than regular ones in terms of a higher pip etc.
There is no doubt one can make good cash off forex if you invest a lot and have luck. In the US now it is not as easy to deal with Forex due to local laws and many countries have banned Forex traders as they cause untold damage to many developing countries and their exchange rates.
When you start a new account and invest real cash let us know so we can see how well you are doing.
@wealthymouli (710)
• India
5 Jul 11
Sure I will notify when I open a real account. Now focusing on learning the strategies. Want to make trade for sure not on guess. So I am very slow and steady. Most important task in front of me is to choose the platform. I also have lots of doubts over majority of the service providers. So, I am cautiously weighing.
