how ever you have invest in forex?
By bcc23488
@bcc23488 (883)
Thailand
9 responses
@edigital (2709)
• United States
2 Mar 07
I keep far away from forex as I lost $ 10 investing with eutradeltd.com HYIP company. Before investing here I read many friends had earned huge amount and reading these I was inspired, lastly I get lost. Of coure one of my African friend hinted me that investment in any site is like a gambling that is if your luck is favoured then you will gain during gap period that is until it starting cheating or sucking investment. So I am keeping far from such gambling. Who benefited from investment sites are luck chap in the internet world.
@fxfriski (209)
• Singapore
3 Mar 07
FOREX is not an investment site... although I am sure there are programs like that.
FOREX stands for Foreign Exchange, you can do it online or offline. It works like a stock market, only that it is open 24 hours a day, 6 days a week (however most brokerages operate on a 5 day basis)
If you want to do it offline, you can go to you local money changer or bank.
And you friend is absolutely right... about investing in any site.
With regards to gambling, we are gambling with our lives all the time. We risk our lives when we cross the roads, eat our food, drink water, sleep... etc.
However we take calculated risk when crossing the road, e.g. use the pedestrian crossing, look for approaching vehicles before crossing. All these actions will reduce the risk of being run down.
In investments, that what we should do. If you don't take calculated risk, you are gambling. Gamblers depend on luck, investors depend on techniques or strategies. Not that you won't lose, it just reduce your chances of losing.
@lauczi (962)
• Poland
25 Feb 07
i have opened the forex account in marketiva, there is $5 already given to u. so i didnt need to invest anything. i have it for almost a year but only 1 month ago i decided to play for real money. so far i have earned 63 cents hehe, but i still have $1 to get. it is good place to practice marketing. it's the url to get it
http://www.marketiva.com/?gid=4468 . i have a friend who gained there over $100, lucky man, i wanna be next to earn this amount of money. (^^)v
@kfg20012003 (1037)
• India
28 Feb 07
Do you want to get into a market with an annual trade volume of over 2 trillion dollars, making it the largest market in the world? Well, if you do, then welcome to the world of currency trading, or as some call it, Forex trading. “Forex” stands for the foreign exchange market, a 24/7 global exchange that deals in the currencies of the world. Because the Forex market is very loosely regulated, it is easy for many people to enter it as an individual or retail trader. The downside to such loose regulation, however, is that the Forex market is a lot riskier than other markets and it invites investor scams; furthermore, if you do get scammed, there is very little that you can do about it.
Make no mistake: currency trading is a high risk endeavor. People get into it anyway because of the chance to make a high profit. Of course, that also entails a chance of taking a high loss. For that reason, you should only invest in Forex trading money that you can afford to lose.
In order to be successful at currency trading, you need to buy low and sell high. In Forex terms, it means buying a currency that is going to appreciate in value against another currency. Once it rises in value, you can sell it for a profit. The problem that currency investors face is figuring out which currencies will appreciate. This is where skill, knowledge and experience come in. A good Forex trader needs to have the ability to read the market trends, and to do that you need to have a keen understanding of the foreign exchange market, and that can take months to develop.
Becoming a successful Forex trader, then, requires more than investing only your money. You also need to put in a lot of time and effort. And after all that, you have no guarantee of success. The foreign exchange market is highly volatile. You have about as much chance of mastering it as you would taming a wild stallion. Yet some people do come close to mastery, and manage to make Forex trading their daily job. You could be one of those people.
@Kylalynn (1771)
• South Africa
4 Mar 07
When you learn all about forex and start your trading with dummy money it's great! A friend and myself invested and started trading with real money, and then it is not so easy. Its something pyschological about it. Its much easier with dummy money than what it is with real money. It is also only suited to certain personality types. I thoroughly enjoyed it while I was doing it, but eventually did lose all of my investment. Doubt if I will try again. All the best.
@niitesh (1653)
• India
25 Feb 07
WELL can some one guide me to this forex mania have been hearing a lot about it but don't know much about it so please can some one tell me what exactly is this forex and how do i earn money investing in a forex
@NatureBoy (493)
• Singapore
28 Feb 07
I do trade some forex. Its a subject by itself man. You have to be very learned and discipline to be able to make money from it. 'you will gain if you not greedy" Basically that means to have proper money management. I trade 3-10% of the margin on any 1 trade. This way its limits my losses and sadly also my profits lol. There were times when greed comes in and I used all my margin for 1 trade. Its something never to be done. I ended up losing more then 30% or my margin. No joke. Learn to be disciplined and you will go far. Good luck
@lordwarwizard (35747)
• Singapore
25 Feb 07
Forex is the way to go for big money - either way. :P
If you can control greed, you are one-third there. ^^
