Thu 29 Oct 2009
Is forex market is better way to gain some money ?
Posted by echan76 under Other - Business & Finance
Vincent asked:
i know forex market is dangerous one, there are many theories teach us how to make money with it. I just want to play safely. Anybody know some tips about forex?
i know forex market is dangerous one, there are many theories teach us how to make money with it. I just want to play safely. Anybody know some tips about forex?
95% of people fail at trading any instrument so if you wanna have at least some chance at succeeding in it then put in the required effort and don’t ask for tips/shortcuts.
Hi Vincent,
Your right the Forex market can be risky and it’s true that most people that invest in the market end up loosing all their money within the first 60 days. With that being said my wife and I have tried many other Forex programs, robots, signal services etc, and have spent countless hours trying to study charts and read graphs and the FreedomRocks strategy has been the only profitable system for us. It’s a very safe hedging system and the software does 95% of the work. It’s very simple and easy to understand and we’ve used it for over half a year now on our live accounts. If you would like some more info feel free to instant message or call us and we would be more than happy to share our experience with you.
Best Regards,
Yo & Jaime
1-800-670-2683
Ha! the Forex Market a dangerous one? It won’t kill you physically but it could maim or seriously damage your financial health!
Basic tips about forex:
1. Have a plan
2. Have a plan
3. Have a plan
A plan is important, you must have an entry execution plan, a trading plan (while the trade is on) and an exit plan. With the plan you must have a stop loss, and its up to you to have a profit target or not depending on your system.
Well i would say dangerous and no!! The danger might lies inside your self-dicipline because you will not be able to cope with the volatility of the market.
When you are unable to control your emotion you will very like to lose control of your action and place an order position where ever you like. Secondly because it is easy to earn and losing money at any minutes you will have the thought of its easy…when the fact is not easy at all…
What you need is trade the Asian market in the early morning, where there is less volatility but less pips as well. Get yourself an experience to get to know the unexplainable moment where it might be weird (not following your analysis). Learn also about technical analysis how to use the indicators as well as fundamental analysis (news).
Its very easy to earn money from forex but remember the opposite also true.
If you are afraid with all the losing part try to use virtual money to practice yourself, so that you have nothing to lose.
You can start here: register yourself and download the platform you will be given $10,000 virtual money and $5 real money free. If you like you can add more like $10 or $20 just to taste how is it playing the real money otherwise you will not feel the thrill and great upsets.
Good luck