Can Forex trading change one's life.

September 13, 2012 6:05pm CST
I have been reading lots of report and review on Forex trading that it the best way to earn a living. But at the same time I am confusing that this market also involves much risk of losing your hard earned money. What U think can a common man earn his living fro trading in forex? How easy it is?
3 people like this
5 responses
@mariaperalta (19073)
• Mexico
12 Oct 12
Forex is a difficult way to earn, kinda like gambling in a casino. I would never want to try it.
@iwrite (5034)
• Singapore
25 Sep 12
You can say forex is a business where you can do right from your own home, however you need to have some knowledge to start trading on forex, it is not going to be easy but once you acquire the skill you would be able to have a skill to help you make money for a lifetime
@Yasya08 (213)
• Israel
17 Sep 12
the simple rule is never to invest more than you can afford to lose. And choose your broker wisely. Of course you can lose with any broker, but with reputable ones you are sure the broker is not trading against you. try forex-metal.com
@rsa101 (37969)
• Philippines
18 Sep 12
Well I jsut attended a seminar about it and I guess it is a fairly big market out there since it is internet base and participants are from all over the world who can access them. I learned that it is a 4 trillion dollars a day transaction. Participating here you can start on a demo account where you can practice in real trading but is playing only with fake money. You can feel the actual trading live while playing with play money. They do this so that you can create your own system or follow someone's system. If you would ask me if it is easy. I would say yes when it comes to trading this and that and what is hard is really the trading which involves mostly of emotions. This is your greatest enemy here. Once you are influenced by your emotions then you could easily lost all of your money. So out coach had said that when trading you should not be basing it on your emotion but on a certain discipline that you have to follow.
@romzee (937)
• Philippines
14 Sep 12
Forex Trading is not for everybody much more for a common man. Don't be lured by reports and reviews you have read, this are all lies! You're right it involves much risk specially if you knew nothing how it works.