Foreign Exchange (forex) trade
By justinus
@justinus (1104)
Karawaci, Indonesia
September 7, 2012 7:00am CST
I spent around $2000 to trade online (forex) with popular forex broker such as FXDD, Insta etc., but for more than 4 years I never get any revenue even my money was all nearly gone. Do you have any experience about forex online trade to share here, is it true business or not ? thank you in advance
2 people like this
8 responses
@indahfth (11161)
• Indonesia
7 Sep 12
You just need to understand forex. I've also been losing money in forex. It happened, because I still do not understand the forex. Now I am still learning about forex. I've been able to enjoy the benefits of forex. Not much I earn, but I did not lose my money again. I can make money from forex. If I regularly monitor my account, every month I can get results.
@iwrite (5034)
• Singapore
8 Sep 12
I think it would be a painful lesson to be losing so much but I guess you might want to start slow, perhaps with just $100 and trade with micro lots. I am using other ways to fund my training trading account. I hope it I would be able to do well, do you want to train together and we can exchange pointers.
@Downwindz (2537)
• Netherlands
9 Sep 12
Hello justinus,
It sounds like you have had some bad luck with your trades. I have been studying the trade of forex for quite some time, preparing myself for the real thing testing alot in the Demo accounts.
One good advice I can give is patience, you need to be patient in the trades, have no greed and have the nerves to see a trade go red before you can harvest the profits in green...
@Tina83 (1223)
• India
7 Sep 12
First of all you did the wrong starting by investing such a large amount of money in Forex without knowing much as we have to start with demo trading in ist stages ,then you can slowly go on investing .
Here money management is very important .2000$ is a big amount and according to me you should always trade with max $2 per pips value so that you can get a 1000 pips back up.
Don't be impatient in the market and wait for the bounce as with 1000 pips back up you are free from the fear of losing your trade account .So,always have a proper plan and strategy .Any help in Forex ,i am always there .
@blebchel (249)
• Philippines
7 Sep 12
whoah. Your $2000 is nearly gone. sorry for that justinus. forex trading is indeed a risky industry. You can't trade without knowledge and strategy on it. I've known some who are experts in forex trading and they really got a huge amount of bucks from it. Anyways, mostly have experieced losing money from this. That's the reality of forex.
@flowerchilde (12529)
• United States
29 Oct 12
I hope you had good luck with that and all went well!!