Forex Trading, The easy money or easy way to lose your money..

Philippines
March 16, 2007 8:20am CST
Im currently practicing currency trading known as forex. I think it is easy money because you gan double or triple your starting capital within a month. The problem is that out there is a warzone!! buyers and sellers battle each other for supremacy.. I have won a few times and also lost a few times. All you need here your indicator like eyes to spot trends, and will of steel to bet your money, that easy huh..
5 responses
im_anna
@im_anna (717)
• Philippines
25 Apr 07
forex trading is not for everybody. If your have the time to study & practice consistently, focus, discipline, eventually you will get there. Winning in forex is not gambling but always a technical decision. if you're wrong in your decision, always have a stop loss, manage your losses and ride on your profits. Make your own trading plan & stick with it. Forex is not easy money but studying smartly and not just reading any book that's available/free.. you must know the right resources that would really help you out.
buangcla
@buangcla (21)
• Philippines
27 Apr 07
yeah! that is a good one. in forex you need a lot of planning and discipline in your self to succeed. You need to stick to your plan, never break the rules and study.
moreinfo
@moreinfo (3865)
• China
25 Apr 07
hehe, forex is more riskier than hyip, so its an easy way to lose money.
buangcla
@buangcla (21)
• Philippines
25 Apr 07
you will lose big time if you lack the knowledge in trading
stormdacta
@stormdacta (45)
• Brazil
21 Mar 07
FOREX not easy money . . or Hard to learn . . . U have make equal for any practise in life . . . STUDY . . STUDY . . STUDY . . QHat more you know . . more stable is your profit . Dont have secrets . . .
buangcla
@buangcla (21)
• Philippines
22 Mar 07
I agree with you man. That's what my broker is telling me, to study.. Hell I've studied almost everything about forex, I've studied indicators, EA's and even MQL4 or metaquotes language programming just to get better trading positions and see future market movements.. But all tiredness will be gone when you receive your share, The Lion's Share, hehe :D
tambangmas
@tambangmas (342)
• Indonesia
24 Apr 07
Forex is indeed the easy way to make some money, yet without proper knowledge and practice then it's the easiest way to flush 'da dough' to the toilet :D I suggest to anybody who'd like to be involved in forex thing to learn every aspects of it. I my self is a sole trader and until this very moment I still loosing my trade for I'm not disciplined doing my trading plan ;D
buangcla
@buangcla (21)
• Philippines
24 Apr 07
you need to have discipline in order to win in forex. you need to have strategy and tactics. You will also need the help of indicators for indicators can help you a lot.
sumofalltears
@sumofalltears (3988)
• United States
21 Mar 07
I don't know much about Forex, but I have heard a lot about it both good and bad. I tend to see it as a form of legal worldwide gambling, and as such I would stay away from it. I learned long ago that if you can't afford to lose it don't risk it. It reminds of the Bingo Illusion...buy $30 of bingo cards and hit a $5 pot does not mean you won.