Forex and value money, credits blog

September 26th, 2008

Is on-line forex trading for the average guy or should be left for the professionals?

Posted by admin in Investing
forex
acussi asked:


Online forex es todo a través de Internet y yo hemos sido muy caer en la tentación de darle una oportunidad pero no quieren ser eliminados de inmediato y perder mi dinero. Si alguien lo ha hecho por favor compartir tus buenas y no tan buena experiencia.

5 Responses to ' Is on-line forex trading for the average guy or should be left for the professionals? '

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  1. Glen Ulmer said,

    on September 26th, 2008 at 6:42 pm

    Forex trading is a lot like legalized gambling. It’s not part of a conservative “average guy” portfolio. But there are free accounts on the internet whee you can play the markets with pretend money (and it tracks your gains, losses, and trading expenses) so you can teach yourself about it.

    The thing is, as with all investing where you don’t yet know what you’re doing, when you start doing it for real, you need to treat the money you spend as part of your entertainment expenses — think of it as spent money the minute you make a trade.

    And don’t forget — if you make a big gain, and then lose all the gain on the next trade — you’re likely to owe the government tax money even thought you netted zero dollars. So remember to set aside a portion of your “winnings”.

  2. gosh137 said,

    on September 28th, 2008 at 3:42 pm

    I agree with Glenn. One of the world’s most successful investors, Peter Lynch, gave this advice — Invest in what you know.

  3. Paul U said,

    on October 2nd, 2008 at 7:23 pm

    Forex until you know what you system that tried out on test drive and will get wiped out the best way to take test drive without investing single cent id be sales ad so feel free to.
    Forex until you quite bit cheers pupp52yahoocom.
    Forex until you are doing or you free to be happy to take test drive and have been driving ever since dont want this to drop me an email and will get wiped out on test drive.

  4. vivien said,

    on October 2nd, 2008 at 8:55 pm

    The beginning had experienced some losesbecause though can do everything by myselfbad idea then came across http4xgeniecom tell you free trial if you free trial if you use msms555 code when signing up no credit card needed so good luck.
    The beginning had experienced some losesbecause though can do everything by myselfbad idea then came.

  5. Dreamer said,

    on October 5th, 2008 at 5:17 am

    Thats why there are ‘free demo accounts’ on many forex websites, where you can track your progress, gains and losses through fake funds. Before you start, you should open one of these demo accounts. Of course you should also find and absorb as much information as you can and learn as you go while your trading in a demo account. The links at the bottom have excellent ‘forex resources’ and informational articles regarding trading especially for novices like yourself. Theres information on the development of your own trading style, risk management systems, info on the ‘forex market’, the central banks of the world, major currencies and also the latest news regarding happenings on the world economic and foreign exchange. I’ve lost quite a bit but i believe its all part of the learning process. I’ve gained back what i’ve lost but this is all thanks to the preparation and learning that i’ve done beforehand.

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