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Making money... Options vs Forex... which one?  email this discussion to a friend?

myLot reputation of 99/100. ahgong (3968)   ranked 5 out of 26,170 in make extra money 3 years ago

I have read with interest about making money via investing.
There are a few kind of investment vehicles that one can explore to try and make your money work for you rather than you working for money.

Among the money vehicles you can look at, Unit trust, Hedge funds, Share, Bonds, Commodities, Options and Forex, are some of them.
Many forums I visited and books I read, recommends Options and Forex as the best way to make a good living if you are looking at a fast vehicle for building capital.

There are pros and cons to using Option and Forex to grow your money.
Between the two, which one do you prefer?
And why?

 

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tags:  forex, money, ahgong, currency, exchange
 
1. myLot reputation of 95/100. kun2349 (10498)   ranked 5,500 out of 26,170 in make extra money   3 years ago

haha.. U are still on investing?? Yeah, there are really alot of things that one can invest in.. However, it depends on how fast u want your returns, and how much more u want it to be ^_^

UNit trust is not too bad, just that it take too long to mature, just like bonds.. As for shares and commodities, their prices are not stable and fluactate all the time, and so it's not recommended for amatuers, even though it means good money.. For, one has got to have enough money to hold on, before making a profit.. haha =D

As for options, i dun really know what's that as i have not heard about it before.. Thus, my choice will be forex instead, as i have done some research on it in the past.. haha =D


myLot reputation of 88/100. iwrite (1508)   ranked 545 out of 26,170 in make extra money  3 years ago

Well options is to buy the options to a share, like how you to buy a property. there is a time frame where the seller, he need to hold it for you. Until it expires, you get the share. however trade options is not to wait till you get the shares but to exchange the option not to hold the share.


myLot reputation of 95/100. kun2349 (10498)   ranked 5,500 out of 26,170 in make extra money  3 years ago

That sounds kinda confusing to me.. lol =D BUt if one needs to hold on to that particular option, it means that he cant sell as and when he likes, in order to make a profit?? If it's done thru trading, how would anybody wanna give up on a good deal in exchange for something else?? hehe


myLot reputation of 99/100. ahgong (3968)   ranked 5 out of 26,170 in make extra money  3 years ago

Hi iwrite, I am still a little confused there about the definition of options.

Can you illustrate with an example?

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2. myLot reputation of 88/100. iwrite (1508)   ranked 545 out of 26,170 in make extra money   3 years ago

Well it depends on how much you have to invest, both options and forex give your advantage of leveraging on your money. I am looking for people who are starting to learn and provide support for each other when we trade.

Would you be interested to join me and we might be able to help each other. So what do you think?


myLot reputation of 99/100. ahgong (3968)   ranked 5 out of 26,170 in make extra money  3 years ago

Why not? What are you into?
Stocks or forex?

I too am learning.
How long have you been looking at trading?


myLot reputation of 88/100. iwrite (1508)   ranked 545 out of 26,170 in make extra money  3 years ago

Well I just started with demo, I have blogged about this. you could visited (http://savvyinvestor.co.cc/) and perhaps we can help each other if you like. Let me know if you are interested.


myLot reputation of 99/100. ahgong (3968)   ranked 5 out of 26,170 in make extra money  3 years ago

I sure will!w00t

How long have you been reading up and learning before you started on your demo account?


myLot reputation of 88/100. iwrite (1508)   ranked 545 out of 26,170 in make extra money  3 years ago

I would say quite sometime, about one year, however there are sometimes inbetween I did not do anything, until now that I found a strategy that is simple to understand and now that I demo it, it seem quite profitable too.


myLot reputation of 99/100. ahgong (3968)   ranked 5 out of 26,170 in make extra money  3 years ago

Ah... care to share your strategy?
I am still testing and playing around with the different indicators to see which ones work for me.

What kind of indicators are you using?


myLot reputation of 88/100. iwrite (1508)   ranked 545 out of 26,170 in make extra money  3 years ago

I am using the EMA crossover, I have place it on my site, http://savvyinvestor.co.c... however I do have some important stuff I mention in the blog, I think you might want to spend some time to have a look.


myLot reputation of 99/100. ahgong (3968)   ranked 5 out of 26,170 in make extra money  3 years ago

I will, I will.

I too have started to add updates to my blog with regards to my trading.
Hopefully you will visit mine too and then we can share our thoughts and discussions.
Either do it here or in comments within the blog.

Best if we can share our views here. Make money posting and we can learn from each other at the same time. Win win situation.
Heh heh... lol

My blog is http://gnmdoubletomillion.blogspot.com/

May I add a referring link to your blog?

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3. myLot reputation of 85/100. yadav8797 (948)   ranked 566 out of 26,170 in make extra money   3 years ago

hi ahgong,

friend, its your own decision for investing the money.nobody other than you can give your decision.friend, i think firex us the best website.
friend, i have one more trading website where you have nothing to invest. just you have to sign up over there and you will get $1 for investing the money. i think you will enjoy the money earning over there.
PM me for more details.
happy mylotting


myLot reputation of 99/100. ahgong (3968)   ranked 5 out of 26,170 in make extra money  3 years ago

Cool!
Add me as your friend so that I can find out more via PM.

Firex us eh? Is that the website?


myLot reputation of 85/100. yadav8797 (948)   ranked 566 out of 26,170 in make extra money  3 years ago

ok friend. i have make you as friend and accept the friendship request. i am sending you Pm just check out the message.this will contains all the information about site.

best of luck,

happy mylotting


myLot reputation of 99/100. ahgong (3968)   ranked 5 out of 26,170 in make extra money  3 years ago

Hi yadav, I have received your PM.
Exploring the site now.
Will get back to you after if I have more queries.
Thanks! happy

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4. sssrrr (79)   ranked 24,879 out of 26,170 in make extra money   3 years ago

in forex available very risk


Imnovice (41)   ranked 10,017 out of 26,170 in make extra money  3 years ago

Not true, Forex risk is the most manageable one because you can choose the leverage contrary to other markets like futures or options see why with the first article on
http://www.forexnovice.co.cc

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5. Imnovice (41)   ranked 10,017 out of 26,170 in make extra money   3 years ago

Beware before trading these sophisticated products like options, you must have a good knowledge of the basics.

Visit this site to learn about risk or money management
http://www.tradernovice.com

If you want to start on forex visit:
http://www.forexnovice.co.cc

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