Is It Easy To Make Money On The Forex. Which Is The Best Broker To Use?
i am new to the Forex and am interested in it? how long will it take to learn all i need to know before i can start trading?
which is the best type of account to start with?
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Tags: Best, Broker, Easy, Forex, Money
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on Sunday, November 29th, 2009 at 5:57 pm and is filed under forex tips.
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November 29th, 2009 at 6:13 pm
The easiest way to make money on Forex is to convince others it’s easy using a system you have invented, and then sell them that system!
Unlike the stock market, Forex is pretty much a “zero-sum” game…someone has to lose money for you to make money. People who are new to it have the highest chance of losing. Decide how much you are willing to lose before you quit trying and give it to your favorite charity, that’s better for all concerned!
November 29th, 2009 at 6:26 pm
Yes it’s true that new comers to forex trading are more likely to lose. I lost too when I started but I have made quite a bit in the last few months from forex.
The important point to avoid losing in forex is not to jump in but learn as much as you can and always do paper trades until you are comfortable.
Lately there are a few new software systems in the market that are selling like hot cakes. I tried a few and so far I’m using Forex Killer regularly. Has given me some very good signals to trade.
November 29th, 2009 at 6:32 pm
Hi Ivan,
Trading the forex market isn’t easy. In fact, most of the people lose their money on it. Less than 10% end up as winners.
What you need to do is learn how to operate the market.
Take a forex course to learn the ropes:
http://www.squidoo.com/Forex-Trading-Training-Courses
Also, use a forex software to help your trading:
http://www.squidoo.com/Automate-Forex-Trading-Software
November 29th, 2009 at 6:59 pm
Forex is a steep hill to climb.
If you like staying up all night, then Forex is your game.
Why do you want to trade Forex???
It’s much easier to learn to trade the futures market and it is regulated.
November 29th, 2009 at 7:58 pm
Look for a good broker that does not have the spreads to wide.Most brokers widened the spreads during news.Learn charts and make sure you use stop losses.