forex trading. how well does it work?^^

Portugal
September 6, 2012 10:09am CST
hi guys^^ i just heard about a site called forex trading. did this work well for you? did you earn any money with it? i saw some people say that its like gambling so maybe its a bad thing. do any of you here earn any with it? please share^^
3 people like this
9 responses
@blebchel (249)
• Philippines
6 Sep 12
same with iwrite. i am also learning how to trade in forex sweetlove. I have joined a forex forum that is financed by a forex broker that's why I got some knowledge with it. i practice in a demo account up to now sweetlove. I must say forex trading needs luck, patience and control of emotions. Forex traders are gaining and losing money in this so this is a bit risky.
• Portugal
6 Sep 12
but if you risk like 1000 dollars and won like 2000 maybe you could take this money and next time risk less right? i dont understand it much. but i guess you can choose the amount you want right?^^ like people say we shouldnt risk more than what we got. we need to be cautious.
@Olleenz (3400)
• Indonesia
6 Sep 12
Nothing to do with luck, actually, but patience and control of emotions are must. And one more thing, don't be too greedy went gain profit. Remember, market can change fast within second and this can change profit into loss.
1 person likes this
• Portugal
9 Sep 12
yes sure. i think the best is to invest a little bit only. so if you win is great but if you lose then its ok cause it wont make a big difference if is a small amount. but sure if you invest a lot it might be bad.
• Hungary
6 Sep 12
Forex is great! I'm learning about it now. It's not gambling if you learn the basics and find a good strategy. And always learn some in demo mode.
2 people like this
• Portugal
6 Sep 12
when you find out more about it please tell me^^
1 person likes this
• Philippines
6 Sep 12
Can you please explain more, csabaholcz, how it isn't gambling? Would appreciate it if you can shed light on that.
1 person likes this
@iwrite (5042)
• Singapore
6 Sep 12
I am learning about forex and I am willing to share what I learn with others, I have also blogged about it. Please understand forex is a form of investment, there are things to learn. I do know a way to start to get funds start with your forex journey. Let me know if you want to join me learning?
1 person likes this
• Portugal
6 Sep 12
thanks so much^^ i just would like to be sure that we can earn money with it. the only money i could risk could be the money i earn in mylot. bcs i wont risk the money i have in bank from my jobs to lose it^^
1 person likes this
@iwrite (5042)
• Singapore
6 Sep 12
There is a way you can do without risking your own money, in fact you can actually make money without trading. I am going to sleep now perhaps we can chat again tomorrow
1 person likes this
• Portugal
9 Sep 12
but its a risky thing i guess. cause if you invest money at some point you might lose it. if everyone won the company wouldnt have enough to pay those that win right? like casinos. thats why im afraid to invest money.
1 person likes this
@techweb (217)
• United States
6 Sep 12
Lets put it this way, on Wall Street there is a saying: There are bulls, there are bears, and their are pigs. The bulls and the bears take home their million dollar bonuses by slaughtering the pigs. Really, if you don't understand the math behind the symbol E[1_{r_T K}] I think you are in over your head. For future record, that means, the expectation that a currency rate is above a certain strike at some future time T.
@techweb (217)
• United States
6 Sep 12
I'll add, if you still do attempt, consider this. You can play with "virtual money". Just keep tracks of the bets you would have made with real money and see how you do. If you consistently make money after say three months, maybe give it a shot for real.
1 person likes this
• Portugal
6 Sep 12
yes because its not just luck^^ those people are smart too. if you just wait for luck you might burn yourself. but if you know about it then you can risk. i was just waiting to see if a user would tell me that he won a decent money with it. but nothing yet^^
• Portugal
9 Sep 12
i think luck has a lot to do with your winnings and losses. also intelligence^^ anyway i think thats not for me. people who can invest are those that if invest 1000 is ok cause 1000 is nothing for them. but to a normal person like me i cant risk a big amount^^
@Olleenz (3400)
• Indonesia
6 Sep 12
Forex is gambling ..? Yes, 40% it's true. Why? Simple, Forex is about prediction and prediction itself is essential point in gambling. But not like normal gambling like poker, blackjack etc. who not have standard measurement to predict, Forex had some technique to predict price of currency going up or down. By the way, right now Forex is my main income. Not much but enough for make a living in my country
1 person likes this
• Portugal
9 Sep 12
really? you make a living with it? you should teach me your technique then^^ but maybe you had to invest some money on it right? like 1000 dollars or something. cause if you dont have some money i think its too risky to invest it.
1 person likes this
@Olleenz (3400)
• Indonesia
10 Sep 12
I want to do that but problem is I only teach Forex if I can meet face to face (offline). I had bad experience when I teach someone online before. Since then I refused to teach someone if I can't meet them offline ...
@thenight (62)
• Indonesia
8 Sep 12
It's not gamling since it using real currency value. The hardest part is to choose a good entry to open position in forex, just it. But if we have forex knowledge, it will be easier.
1 person likes this
• Portugal
9 Sep 12
but you cant invest small amounts like 10 dollars right? you need to invest like 200. its a lot. not everyone can invest that big amount. 10 is more or less accessible but 200 is a lot for me.
@boyuancy (1709)
• India
6 Sep 12
To start off with, Forex isn't a site but is a concept. Forex stands for Foreign Exchange and as the name might suggest you, it is about trading foreign currencies. People who have tried this have told me that it is a high risk-high reward business. But to start if off, you'll need quite a bit of capital. So if you are a newbie to online earning, I say put the thought aside for awhile. Once you have caught up and are earning at least $200 or more per month, you can have a go at it. I hope I helped.
1 person likes this
• Portugal
6 Sep 12
yes i think only really smart people can use it^^ bcs you need to risk a lot of money to try to win even more. its like gambling if we see it clearly. i guess the best is to learn about it first. and dont risk much money at once. thanks^^
• Mexico
10 Sep 12
Hi sweet love forever: I am working on etoro and at the moment I have my ups and downs. It really depends of the market movements and me, not being a professional could take the bad decisions. I am trying to stablish my account and don't take many risks and hopefully I'll earn some money with forex. ALVARO
@Downwindz (2231)
• Netherlands
9 Sep 12
Forex is not gambling, even though it may seem like it to due the fact you have 50% chance of the trade going in your favour. But now Forex is trading, like any other market - but to be successful as a Forex trader you must study the art of trading, and practice this alot before you start out on a real account. Many Forexbrookers give thier user Demo accounts.