Comments on: What would be your candid advise on forex trading?

By: evermore

evermore — Wed, 04 Feb 2009 01:57:27 +0000

You can open an free Marketiva forex online trading account , 5 USD live fund and 10000 USD virtual fund already in your account.!
Open an free account and get $5 reward!

By: wartz

wartz — Tue, 03 Feb 2009 02:24:52 +0000

If you are a small fry, stay away. Period.

By: Peter T

Peter T — Mon, 02 Feb 2009 02:34:47 +0000

Forex trading is like any other commodity - pork bellies, sugar, corn, wheat, beef carcasses, just it is commodities on speed. What you don’t have is the luxury of time to go back and forth in your decision process.
You ask for a market - get one - buy or sell- and you are out on a limb for up to 99% margin. Time ? maybe 60 seconds to be on the hook for 100 times your available cash.

You should run the practice accounts that the forex dealers give you and see how you do. If you lose you should seriously reconsider. Study - analyze your mistakes - ask for a second run at the free account.

Forex is not for the faint-hearted.

By: rlloydevans

rlloydevans — Sat, 31 Jan 2009 04:43:18 +0000

Forex trading has potential for high profits and high losses. Forex primarily needs a great deal of knowledge and specialization to do it profitably. Many “GURU’s” like to bang the drum about how much money you can make, but most people lose money at FOREX, because it is a situation where you make profits based on your decisions, and unless you are right in the immediate market, you are making decisions based on partial information. Those who have the best information make the most money. If you are 60 seconds late, you may miss out and lose money.

Some people thrive in such a situation. Most do not.