opinion about forex

@kamadi (32)
Indonesia
February 20, 2007 8:12pm CST
I already join play forex at marketiva, anyone can help me or can give suggest how to make profit?
5 responses
Methodless
@Methodless (882)
• Canada
21 Feb 07
Generally, the best ForEx tip I hear is "Stay away from Forex"
kamadi
@kamadi (32)
• Indonesia
21 Feb 07
Why, can you give me reasons?
Methodless
@Methodless (882)
• Canada
22 Feb 07
Because Forex is often based on contracts and leverage meaning that you are playing with money you only own a fraction of. As a result, a small fluctuation can mean too much to you. Too much profit yes, but too much devastation possibly too.
lordwarwizard
@lordwarwizard (35747)
• Singapore
25 Feb 07
I really would say "stay away"... there is no totally bad thing in this world. :P Learn money management (VERY IMPORTANT) then either tech and fundamental analysis or both. Good luck. :)
lordwarwizard
@lordwarwizard (35747)
• Singapore
25 Feb 07
One good place to start would be actionforex.com with its many free articles. Another 2 forums (free too) where you can get a LOT of info that you can't easily digest without a lot of time and effort would be moneytec.com and forexfactory.com . You need to find you own style of trading. So many weeny bits to iron out so that you will make money and be comfortable doing so. Check out those sites and give it a shot. Good luck!
iduidu
@iduidu (243)
• Romania
21 Feb 07
I think the best answer is that: learn,learn,learn ...before any investments you must have experience, and luck...
zipman191
@zipman191 (381)
• Israel
24 Feb 07
you have to find a tradeing system some of these system are so good that you dont have to know nothing about forex to be profitable
mandachow
@mandachow (186)
• Indonesia
24 Feb 07
Hello Kamadi, You should try the virtual forex for about 3-6 months. Then, if you have made continuously profit, then go for live trading. If you lost much, then forget it.