Is Forex Trading Profitable Homepage

Question: Is forex trading profitable?

(Posted by: § dhawan § on 2010-10-21 08:32:06)

Do you think forex trading is profitable...I am planning on start with a small investment. Which website would be the best?

Posted by: Chicago on 2010-10-21, 08:43:00

If your good at it, yes. Try checking out daytrading.net/ education-in-forex/

Posted by: Ted on 2010-10-21, 08:56:49

Forex.com fxcm.com Any reputable dealer will give you a practice account for a month for free. Use it. Trading is a skill and like any other, it takes time and effort to learn. Start reading with Currency Trading for Dummies and The Forex Revolution.

Posted by: nt10000 on 2010-10-21, 09:03:20

Why not use a forex signaling service until you know what you are doing. I don't mean a robot or software install either. Use no money trades for a while too until you gain in confidence. There's a good signaling service review at omniforexsignals.net. Well worth a read before you part with any of your hard earned cash.

Posted by: First Place Turtle on 2010-10-21, 09:24:32

Forex trading can be profitable if you have realistic expectations... ...and if you do not succumb to all the hype, especially the notion that it's a great way to "get-rich-quick ". It's not. As with any endeavor, take the time to *learn, learn, learn*. And gain experience as a trader. There are no shortcuts to success. Here are some guidelines to help you along the way: * Never ever risk money to forex trading that you cannot afford to lose (i.e., your rent money, food money, etc.). * Even when you're trading with money that you *can* afford to lose, treat it as money you cannot afford to lose. Otherwise, you won't give it the necessary respect to protect it and you'll end up gambling instead of trading. * This leads to the first rule of trading... "Protect thy capital ". Most beginner traders believe the first question to ask in any trade is "How much money can I make? ". Wrong! The first question to ask in any trade is "What's the risk of losing my capital? ". * For those scam forex systems and Expert Advisors you'll likely run into: If it sounds too good to be true (i.e, 1000% returns in only a few months), it probably is. Good luck!

Posted by: Avraham on 2010-10-22, 02:55:53

Most of the accounts I opened are losing money, including my own. You should start with very little, get acquainted, and then, after excelling, move on to higher levels.

Posted by: Jonathan Lawson on 2010-10-22, 07:38:48

YES it is but it is a high risk business you can either gain lot of money or lose all your money if don't do it carefully :) make sure you know what you're doing Interested with daily pips information? try my pips at forextradingtrick.co.cc

Posted by: mtvtoni on 2010-10-22, 14:25:35

Our secret recieving option. When using funds as an activity you should avoid rookies, or plan pals. The trust part of funds is involved in your class. Money does not move out of the bank until it is wisely spent. Bad spending, risks, gambles are not on the books. Stock teams are allowed to help people, and money is in this direction. The more money being spent the stronger the nation. With this single point you must behave yourself in appropriate manners. Talk to your benefactors. Larger amounts are more responsiblities and Forex is experienced, though not immune to daylite. The fun of funds is with defense, definitions, directions.

Posted by: bitterman on 2010-10-23, 00:29:17

Yes but you must be careful and also lucky