One month with FOREX...............

India
September 18, 2010 10:24am CST
Hello all I want to share my one month's experience with forex trading. I started around 19th august with around 95 USD and within the first 1 week I lost around 50% of my investment. I was left with around 50$ on around 27th august. But then from 50$ i started a recovery. And till yesterday I had gained my original money back and also gained 1$ above the initial investment. At present i have around 96$ in my account. In the first week i was a bit new to the forex market and traded carelessly and lost money, but slowly and slowly i got the hold of it and recovered from 50$ back to 96$ in 3 weeks. So if you see the last 3 weeks of my forex I almost doubled my money in 3 weeks. But overall i had a liitle bit of profit, But now i feel that a good amount of money can be minted out of forex market. But there is a great potential risk of loosing money. Do you have any experience with forex, please share it here so that all can benefit from your experience. I am relatively new to forex and still feel that there is lot to be learnt. So guys please help me out. Thanks....
1 person likes this
5 responses
@linoxy (285)
• Cyprus
18 Sep 10
I also traded a little with Forex, gained some loosed some :), but at the end it is not worthwhile spending all that time and effort unless you want to pursue a career of it or you have plenty of money which if you loose you wouldn't care. :)
• India
18 Sep 10
I can spend a lot of time on forex and can use it as part time business. And about a lot of money to loose, I dont invest too much amount. I invested only a small amount of 100$. I see forex as a chance to make money quickly and i know that it involves risk, but there is nothing in this world that does not has any risk. So i would like cntinue with it and try out my luck.
@Pyroo8 (121)
• United States
17 Oct 10
lolololol my Dear friends i have been tradeing for 10 mounths and i went from 500 in capital gettin 2.50 a pip to 2000 dollers to gettin 8.00 a pip...i pratice for 10 mounths on my Demo useing all the indicaters u juz have to find your own style and a good broker i trade 8 different pairs right now...usually i try to get 80 to 120 dollers a day....juz hang in there i look at it not as a investment because dat sounds like gambleing but more like a game to master....
@GardenGerty (97993)
• United States
19 Sep 10
There are a lot of sites online that want you to purchase their forex trading system. I do not know if it is a good idea. Your experience is a cautionary tale in a way. People should not trade what they cannot afford to lose. I am looking forward to reading other people's responses to see what the consensus is. I have been very tempted to look into it, but I know that I know nothing about it.
@kingparker (9698)
• United States
18 Sep 10
I never trust those online investment sites, and I won't invest my hard - earned money there. So, I don't have much experience with forex to share. Good luck with your investment anyway.
@eresilva (91)
• Jersey
18 Sep 10
You can't learn FOREX in a Day or Two,,,and remember that it is not a sound investment.You don't trade FOREX alone; Inside information is very viable -- that's what most people don't understand. Bro, It takes time.I think I'm not too ready for the Foreign Exchange Market yet.But If you think you're ready, read some useful books about it and most importantly read newspapers. Politics and economic conditions affect Forex and a mastery of the margin trading depends on knowledge of the latest development..