Forex Or Foreign Exchange Sites

Forex is risky just like all investing but I would stay far away. I have been trading stocks and commodities now for 15 years and will never touch forex as it is too risky. You won't make any money unless you invest bigger and you stand to not only lose your full investment, you could even lose more. Perhaps stick to the easier return on investment such as property, moneymarket, cash deposits and even bonds?

I am surprised at you! You have been here on mylot long enough to know about forex sites. It isn't a joking matter for people to lose their hard earned cash on these forex sites!

Well this dummy knows nothing about Forex. But it seems to me that it is gambling by another name. I am not a gambling man as experience has shown that a fool and his money are easily parted. I am a fool......

I am not really sure what etoro is but I have traded before. Not Forex but CFD's on stocks. Studying all the lines and everything on the charts is called technical analysis. You do not have to be a mathematician at all. It is pretty simple once you get the hang of it, but it can become over complicated real fast if you use too many different indicators. There are all sorts of different indicators which measure all sorts of things, but I found it best just to pick a couple that worked for me and that I understood really well and to use them for my entries and exits. I always used stop losses on trades as well. They are set at a point that you determine before entering the trade where you will automatically be closed out if the trade moves in the wrong direction. They limit your loss. You can trade over all sorts of different time frames too using monthly charts, weekly, daily, hourly or even 5 minute charts for the active trader. Long term trading is more passive. Forex is more suited to trading using short term charts, but you still need to look at long term points of historical reference as prices have a habit of finding resistance and support at levels where it has found them in the past. If I ever get back into trading it will be Forex due to the fact that the markets are always open. Trading stocks on exchanges that close at the end of the day can be very stressful when news breaks overnight and the market gaps down at the start of the day. The Aussie market is notorious for doing that. But on the flip side you sometimes saw big moves in your favour at the open as well. It would usually be affected by whatever went down in the USA overnight. The end of the days trading was always skittish too as traders who did not want to hold stocks overnight buy and sell rapidly in the last hour. That never happens with Forex, it is more stable. Then there is fundamental analysis which is more to do with knowing world events such as major announcements like interest rate cuts or major companies reporting, ins and outs of business deals, politics and all that. I did not bother studying all that too much as it was pretty daunting trying to keep on top of it all.

Well, to know something is to be knowledgable about it of course. Just like any other investment like stocks and bonds, it is risky unless you know what you're doing. Many people blindly jump into the forex bandwagon and failed because they lack knowledge about how to read the money market. Plus, invest if you have extra money or money that you dare to lose.

If you want to join forex, I want to tell you that this is a high risk program, it is impossible for you to earn money from this program if you don't have experience and skills. Most of people lost their money on forex.As far as I know, there are many forex programs which are reliable and legit, some forex even give bonus if you join their site.I think you should think it over if you are ready to join it.May be you should try to learn someting about forex which can help you succeed in forex trading.

Correct, it is only for the faith-hearted, the numbers can confuse you instantly if you are a dummy. No point getting involve with website that confuse you and feed you with too many numbers beyond your understanding. Keeping the $5 to yourself is a good choice than wasting it away.

I am in the Forex field for about an year and me really happy with my performance ,its a wrong concept that Forex will give you only loss ,just work hard and see the result.

One must know basic maths to do any jobs and forex is more about calucaltion and i don't know much about it. This one is risky job so i din't prefered to go with it. To work with forex you must have sufficent experince other wise you might losse the money. It need brain and also some luck and few work on experince to get benifited by the forex and you should try to do it. Reading the book will help not much but dping and work on your self you will learn much and gain experince.

Forex is not for newbie or dummies, dude That involved many factor, not just statistic. Newbie and dummies can't handle it