Tips trading forex
By namaii77
@namaii77 (52)
Indonesia
September 4, 2011 11:59am CST
if anyone can help me ? how to prevent loss. and always profit in forex trading ? i never felt the margin call 1x. turns out it's not easy forex trading .takes a lot learn.
8 responses
@slasher1020 (9)
• Philippines
23 Nov 11
Hello,
I am new also in forex trading and experience losing lots of money but still I will not give up and try to learn and earn profit in forex trading for sure we can earn in forex trading as long we keep learning on it.
@rosedavis5 (64)
• Spain
4 Sep 11
I really would advise you against trying forex trading. A couple of years ago, a friend tried it out with the virtual money program on one of the sites. It was exactly like the real thing except it was virtual money. She is a pretty smart lady and while she was using the program had some good results. So much so that she decided to try it out for real using genuine, hard earned cash!
I expect you can guess the rest, she lost the lot and it wasn't small change! Even experts lose out on forex, amateurs stand no chance! do yourself a favor, find something less risky.
@SQD444 (677)
• India
8 Nov 11
Hi,
1st and most important thing is to do a lot of research and demo trading before you invest real money .
Research about the platform is also very important
Follow the trend, trade with strict stop loss and another important thing is never be carried away by greed...
these points may sound very easy but this is where most traders make mistakes and end up loosing money ... i learned it hard way from my experience...
@iPHONE16G (11)
• Singapore
12 Nov 11
Yes, you are right, practice makes perfect! I am trading forex, I am making small profit. Some of my friends are making 3-5% per day
@ElscottHavoc (180)
• United States
5 Sep 11
The problem with Forex isn't that it's a scam, because in reality, it's very similar to the stock market and people are making very real money in trading currency. That said, there's a lot more going on with Forex than with stocks. For one thing, you can research companies and industries and get a very good idea on when to buy and sell with stocks, but at the same time, people have still gotten burned.
And this is where Forex becomes extremely risky. The changes that occur in Forex are crazy. You can be following a good trend and suddenly out of nowhere the currency just starts falling or climbing and you lose a lot of money from just a little change. That and with Forex it seems harder for people to pull out when their gut tells them too. For instance, say you're making a pretty good profit and the trend is really going good in your favor. Your gut is saying maybe its a good time to pull out, take those profits and wait for another run, but your mind is going to say just one more increase is possible, you can make just another few bucks, just leave it in a bit longer, and then it'll start to go against your favor and yet you'll still feel like maybe it'll change, and before you know it, you're relying on just plain luck that the trend will change.
@masterpiecefx (10)
• Canada
29 Oct 11
Open a tiny account with Oanda, and trade. All I can suggest is not to listen to anybody and spend a couple of years in front of the charts, then it gets to you somehow and you start noticing opportunities. Until then, you'll be losing money. Be prepared for that.
@ankitbhat (269)
• India
4 Sep 11
you gotta be kidding me ...you are asking it on my lot if people here themselves knee why would they be sitting here instead they would be investing their money in forex with sure shot profit