Wed 11 Mar 2009
Does “forex made easy” system work? Can someone explain the trading of the four currencies. Should I get this?
Posted by echan76 under Investing
[5] Comments
jloe22 asked:
Does “forex made easy” system work? Can someone explain the trading of the four currencies. Can anyone do the trading from their home computer?
Does “forex made easy” system work? Can someone explain the trading of the four currencies. Can anyone do the trading from their home computer?
Forex trading can be done from your home computer at one of the online trading sites such as. I highly recommend opening a demo account first and playing with that for at least a couple of weeks. I have been very successful at forex trading, so it certainly does work. Even my mini account that I started for $250, I was able to make it over $5k within six months. However, you have to keep in mind that it is very high risk, and there is a good chance to lose money as well. I have also dedicated a lot of time to trading, I do plenty of research before I enter a position, and I use all tools and information available to me. I have known some people that have had absolutely no success whatsoever. It’s certainly not for everyone. You have to get a “feel” for the market, and some people just can’t.
You can get a great deal of information on the forex websites, in their “education” or “knowledge” link, faq’s, and of course, nothing beats the demo account. An excellent book to get you started is titled “Forex for small speculators” by Noble DraKoln. It is a very quick and easy read, and will certainly point you in the right direction. I have found many other Forex books too complicated unless you are thoroughly familiar with Forex and Finance vocabulary. If and when you do open a live account, start small and put it in your head that you are going to lose that money, and that you are basically paying to learn. Good luck.
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The headline and name “Forex Made Easy” is a gimmick to get new customers. I would say the company is legitimate, but the name is simply an advertising ploy to draw new customers. They’ve tried to make the “process” of setting up a Forex account “easy,” but you have to go through the same process anywhere you open an account.
The gimmick here is that it implies that “trading the Forex” is “easy.” It seems to imply that all trading is “Easy” as long as you sign up with them. If that were true, we would all be rich.
Trading is the most difficult endeavor you will ever undertake. To think it could be “easy” is unrealistic, unreasonable, irrational. Dream on.
hi, you can try easy forex. the pioneer in forex market.
wish you make a fortune!
good Luck !
The 4 currencies or the Trading in the currencies of the 4 major economies. Forex or exchange rates is quoted in pairs. The 4 major trading economies would be USD for USA, Euro for European countries, JPY for Japanese Yen, Sterling pound for British Pound. And in the forex market it is quoted as :
USD/JPY
EUR/USD
GBP/USD and of course
CHF/USD for Swiss Franc
AUD/USD for Aussie Dollar.
As far as system is concerned you have to take it with a pinch of salt, if not the world would be full of millionaires by now. It still requires personal jusgedment.
And like most system which suppose to take the psychology out of trading, it just does not happen. Psychology of a trade, a profitable trade and a losing trades are probably the killer of most traders if they care to admit it.
Money management is the next crucial element. In fact entry and exit may just account for 30% of a successful trades and account equity.
Get the book by Dr Alexander Elder, “Trading for a Living”, he is by far the best author that explains the behind the scene so to speak of forex trading.
Good Luck !