Is Forex Trading is Profitable ?

India
June 13, 2007 8:01am CST
Do you have any expereince in forex trading, presently most profitable online trading that we are hearing and also their chance to loose money, if you have expereince please describe here what is the best trading idea and tips for the currency trading in online.
3 responses
wcforex
@wcforex (18)
• Bahrain
14 Jun 07
Yeah its really profitable if you have a good trading system. You can easily lose your money in forex but if you are not greedy you can easily make money. Just target 10 pips daily.
tsnadeer
@tsnadeer (88)
• India
14 Jun 07
thank for your comment,yes 10 pips daily target everybody can do but we should analyse properly fundamental analysis then we can avoid loosing money
decisionmaster
@decisionmaster (161)
• United States
15 Jun 07
If you could make 300 pips a month at $10 a pip, that would be a nice piggy bank. My advice is to study different strategies and only stick with currency pairs you are comfortable with. I am most comfortable with NZD/JPY so I stick with that.
GilbrosTMPro
@GilbrosTMPro (323)
• Philippines
19 Jan 08
Trader should have adequate knowledge in fundamental and technical analysis this is the key interplay of every economic activities of global that affect trading status to determine strength and weaknesses of every currencies which suitable to gain a chance for profit. You must also good in mathematics to calculate right profit taking possibilities.
aowaow
@aowaow (1516)
• Indonesia
27 Jan 08
you buy it, you lose it.
Yasya08
@Yasya08 (213)
• Israel
26 Jan 08
You need to learn. I;ve been into forex for more than 2 years, and I am only beginning to earn money. I lost a lot and I was constantly learning.