Forex opportunity?
By super1880
@super1880 (116)
United States
March 25, 2007 4:24pm CST
Can someone explain the forex money making opportunity? How does it work and is it worth getting involved in? Is it just another scam or do they payout? Any dealings with this particular thing?
1 response
@femimi (872)
• Indonesia
26 Mar 07
The opportunity in forex trading must be seen from the risk that you want to accept.
Forex is a high risk and high gain investment, but if you are a professional trader, you try to consistent with your system, and don't greedy with the big result. Means that if you trade by yourself in forex, use your stop loss to avoid the big loss if you got wrong deal. And the more professional trader that I knew, they are more conventional with they result. The more profit that they get, is more dangerous, because it means that the more volatile the price is more risky for your money.
I do the foreign exchange trading by my self, so I don't join HYIP, i don't join fund manage account because I know that will be a scam circumstances in that situation. I use my own system, and try to learn by my self. It's more save, because you can know where your money loss, and how much is the profit that you suppose to have.
And I just see the forex is one of investment product, so don't hope to much from a big result. The more you want the big result, you can fall in to the gambling situation, not investing anymore. So be wise with forex trading, and be wise with the disclaimer inside. If you are ready for the result, you must ready to count how much money that you are ready to loss.
I think 10% return of investment for a month is already big enough for foreign exchange, although people can said that forex can make your profit 100% in a day... but they don't mention the next day you can loss also 100%.
If you want to know how to do save forex trading, you can see my tips in mylot :)
@efreddy (250)
• Belgium
31 Mar 07
The high risk and high gain possibility you can make in Forex is because you only pay a % of what you had to pay.
I'm not trade in Forex but I'm investing in the stock market and in stock options or options on currency $/€,with stock options you have a high risk and high gain possibility too but you don't have to put a stop loss because you can't loose more then you initially invest,unless you write the option.
It means you can split the investment by just buy a call option or a put option or write a call option or put option,when you take a position in Forex €/$ where you buy the € it's just like you bought a put option on $/€ and write a call option on it,when you don't want to take the risk of the writing of the call option you can only buy a put,the risk is less but the possible gain too.
With options it's even possible to take contrair positions so you win in every case when the volatility is big enough.
When there's little volatility , then you loose of course when you buy call and puts.