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Old 01-16-2008, 08:10 AM
Fouad Aslam Fouad Aslam is offline
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Default Re: Who is Making Real Money?

Hi guys, my first post here, awesome site .
About forex, i have been involved with it for some time. It is addictive and can be very very profitable ......ON PAPER.
In reality it is very tough and very risky. You need to start with big bucks to make big bucks, this hype of "turn 300$into 30,000$" that we see at all the "forex mentor/training" sites is BS.
It is a very demanding profession, both time wise and pshycologically. plus there are too many variables that can suddenly turn a trade around. i would suggest 10dont bother with it. 2) if you must then go to a free and good resource site like forexfactorydotcom and read up the beginners section and especially the money mangement section. Only then should you proceed. Money mangement is the key not some lame ass indicator like 50SMA or 3sma crossing the 25 EMA etc.
take care and best of luck.
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