Is Forex Trading Profitable?

Answers:5   |   LastUpdateAt:2012-10-12 18:48:02  

Question
Loe
Asked at 2012-07-31 02:39:02
I've been looking at different forex trading courses like www.forextradingcenter.info and was wondering if anyone has any experience with this course or something similar.

I also would like to receive comments from people about whether they have any advice on whether currency trading can be a good thing or not.
Answer1d'sAnswered at 2012-08-02 02:17:52
Forex is a very high risk investment . Yes, it can be profitable, but be willing to lose, possibly all. I am a former broker licensed products and forex trader . All systems have their shortcomings and will be apparent for a period of time. DO NOT GO IN BALLS ! ! NOT very cautious.DO reinvest all PROFIT ! ! If you do it to profit from a trade or business , give cash return on cash investment ! ! That is to take at least half and put it back in your pocket! !
Answer2LandonAnswered at 2012-08-04 16:26:49
Currency exchange is what they call a "zero sum " game. Basically for every cent you make , which is losing somone percent elsewhere. Upon receipt of foreign exchange quotes from a bank that is given as a bid / ask spread . This means that the bank sold at a price and buying currency at a lower price and keep the difference. So aside from the "commission " so to speak , is as likely to make money as losing money.
Answer3Maquavia MccraeAnswered at 2012-08-26 11:08:02
I was looking at that , have a managed account you can get, where professionals do it for you , has lost more than 2% since early this year , and they are professionals . Oh , get a 2 % annual management for you . MedlinePlus MedlinePlus They offer 100-1 margin , so if your investment falls by only 1 % , you lose everything . MedlinePlus MedlinePlus Danger Will Robinson ! Trick to get your money !
Answer4Samuel BrogdonAnswered at 2012-10-01 07:06:04
I have currency trading for a while and only has this to say , there are more out there that need , the most important is to simplify its rules of engagement and narrow your choices . Choice in terms of torque currenciens , options trading time frame , the choices in technical analysis . Making money in Forex is not only the entrance and exit , money management with an equity perspective it is important to account . Trade is important Managment . Dr. Alexander Elder is a very Forex excellent writer , check out some of his books @ http://www . geocities.com / lcming / Forexboo
Related Questions
1
  • Answer This Question:Is Forex Trading Profitable?