blackpayman733
BANNED
- Aug 9, 2009
- 5,186
- 1,226
$3 within 1 hour - Started with eToro earning.
- Thread starter blackpayman733
- Start date
wow congratulation brother
Thanks - I'm gonna keep watching the rise/fall of currency for a while, then start investing more
Iconoclast
Senior Member
- Sep 12, 2011
- 856
- 181
i think dukascopy is the best.
however, the only way to make money from trading is by doing low risk trading. Yet, the market situation is such that no matter how many indicators and parameters you check, you will not trade successively.
Further it is a highly risky business, my brother does trading but its risky man. Sometimes he makes a grand but sometimes he loses 2 grands.
And most important take your emotions out of your trading. Thats the only thing you need when you trade.
regards
however, the only way to make money from trading is by doing low risk trading. Yet, the market situation is such that no matter how many indicators and parameters you check, you will not trade successively.
Further it is a highly risky business, my brother does trading but its risky man. Sometimes he makes a grand but sometimes he loses 2 grands.
And most important take your emotions out of your trading. Thats the only thing you need when you trade.
regards
blackpayman733
BANNED
- Aug 9, 2009
- 5,186
- 1,226
How you guys, here the my new updates, Actually I'm enjoying with eToro,
Junkfood00
Elite Member
- Sep 13, 2011
- 1,947
- 1,340
You claim to be an analyst and strategist but your writing skills tell otherwise.
lord1027
Elite Member
- Sep 20, 2013
- 3,218
- 2,342
I just tested Forex and eToro is quite interesting and easy to handle, But I'm a noob for this method.
Started with - AUDUSD and earned - $1.67 (within 1 hour)
again bought - EURGBP and earned - $1.27 (less than 1 hour)
As i mention before I'm new for this but I could made $3 within 1 hour doing nothing
Thanks
I do not recommend you to go with Forex unless you really know what you are doing. You can make quick money and lose them all even more easily. You cannot prevent fluctuation and there are high risks. Plenty of "brokers" lose money in order for the "big dogs" to make money. I doubt you'll be a "big dog" without the proper knowledge. My advise, stay away from Forex, it's not as easy as it looks. Good luck!
nagarajnow
Regular Member
- Jul 25, 2009
- 392
- 446
Use Stop losses too..
mirrorer
Elite Member
- Jan 30, 2009
- 2,122
- 2,530
If you want to trade forex yourself i have few suggestions for you
1.Saty out of eToro,they are a bucketshop + 3 pips a spread is a killing these days for euro/usd
2.Find a good broker,us or uk registired under trusted finincial authorities.Uk is the best if you can because you can hedge + get higher leverage
3.Don't get much leverage,1:100 is good enouh.
There are only 2 ways to make money in forex
1.By promoting it
2.Trading yourself
Both can make lot of money if you know what you're doing.Those who say it dosnt work etc,is just like any normal bussines,you have to put time,money to learn it.
FX and Im fail rate is almost the same 90% +
P.S
http://postimg.org/image/54jw03j0t/
1.Saty out of eToro,they are a bucketshop + 3 pips a spread is a killing these days for euro/usd
2.Find a good broker,us or uk registired under trusted finincial authorities.Uk is the best if you can because you can hedge + get higher leverage
3.Don't get much leverage,1:100 is good enouh.
There are only 2 ways to make money in forex
1.By promoting it
2.Trading yourself
Both can make lot of money if you know what you're doing.Those who say it dosnt work etc,is just like any normal bussines,you have to put time,money to learn it.
FX and Im fail rate is almost the same 90% +
P.S
http://postimg.org/image/54jw03j0t/
Attachments
KamBhai
Elite Member
- Aug 13, 2010
- 1,538
- 1,498
Alright buddy, I am in stock market from many years now and I think I can give you some suggestions.
* Don't put all money in 1 place.. Try to spread money so that you don't loose all at once.
* Always put stop loss so that you loose money within a limit.
* Its better to put only that much amount of money which even if you loose wont matter to you at all.
Analysis and read about the currency status or company status before putting money in any currency or stocks so that you can estimate if it gonna make you some profit..
I am a long term investor and I always prefer buying commodities though I just buy Gold and Silver and forget that I have them
* Don't put all money in 1 place.. Try to spread money so that you don't loose all at once.
* Always put stop loss so that you loose money within a limit.
* Its better to put only that much amount of money which even if you loose wont matter to you at all.
Analysis and read about the currency status or company status before putting money in any currency or stocks so that you can estimate if it gonna make you some profit..
I am a long term investor and I always prefer buying commodities though
I just buy Gold and Silver and forget that I have them 
coolkumar123
Junior Member
- Mar 16, 2013
- 182
- 79
I am always scared of investing in forex. My friend lost $800 in forex.
First time poster, I've been lurking on this forums for a while. I was inspired to write a response for this thread, because of all the misinformation.
Before, I give my 2 cents. I'm a Forex trader for 12 years, I've been doing this for 12 years, and I do this now as a full time job. My stubbornness, and will to continue moving forward has kept me in Forex, because I refused to surrender! Let me set some of the myth's.
Forex is NOT gambling, I repeat Forex is NOT gambling. Now with that being said, a new person that comes into forex drops money -- opens a trade that is gambling, now the action preformed is gambling.
Forex is a market, and there is a lot of obstacles in that market. Brokers most of the time make money, by hedging against its clients, Alpari even had it in its terms and conditions, that having clients and being a broker is a conflict of interest. Due to the nature, that most traders run in without understanding the mechanics, its easier to hedge against its own clients.
Most people that tell you that anyone who makes money in Forex is lieing, is someone who has lost money in Forex and holds grudge.
Every post that everyone, has said here.. I've done it. When I first started trading Forex in 2001, I got $2,000 dropped in on 100k Account which is $10 per point.. Made money my first transaction lost everything else, and I did that over and over and over again. Over the years, I kept losing money.. I'm not ashamed to say, I've lost thousands of dollars in Forex.
I knew, that the problem dosn't lay with Forex itself. The problem was with me, and my actions and my behaviors. I picked up books, I did Demo, I've studied, I lost more money. Rinse and repeat. I've identified the problem(s). I made more mistakes, and eventually I finally was able to correct every single issue, and become successful. Am I stinking rich? Am I a millionaire, no. I don't have millions, and I don't have a castle or a Ferrari or a boat.
I'm an average person, who is controlling his risk with proper money management. I don't day trade, I'm not in and out of the Market. (I used to, I was up all nights, and taking 3 Am walks after I crashed and burned multiple times)
I'm a conservative trader, I swing trade I use the 4 Hour chart. My trades sometimes are open for up to 2 weeks.
For those who are wondering, I make about $3000 a month. For anyone who thinks, that's awesome. I wish I could do that. Please read, what I've said. It took me years to get to this point. I only trade on pure technical analysis. I don't look at reports, I don't look at fundamentals. I only trade on Technical analysis. I position my trades, when my system that I've created lines up and open trades and let them run. I take losses, its part of trading. There is no such a thing as 100%.
Forex is a very well oiled machine, and it operates through patterns. I can see those patterns, but that's because I've been watching it for years and years. With Mechanical trading, and no emotion, and proper discipline and money management a person can be a successful Forex trader.
Someone said on here, that Stock is more predictable and easier. That is absolutely correct. Stock market is more predictable, and easier because its easier to measure participants, and direction. Forex Market has more players, and requires bigger amounts of volume to move it, a lot of people find advantages and the people who don't know what they are doing get burned.
I don't like to reference the term "noob" I was once new too, and I'm new to other things and prospects, and I feel like its disparaging when it used in a matter to put someone down, for not knowing something even though they are making an effort to learn it.
I wanted to respond on this to offer my opinion, and this all just my opinion. I'm not doing a witch hunt after anyone. I wanted to offer a perspective from someone who has been through this, and to offer advice to those who are doing this is that if you stay long enough, if you put in enough effort. It will pay off. This is not a get rich quick scheme, and its not a gambling if you don't treat it as such.
It requires time, patients, effort, discipline.
For anyone who wishes to take shots at me, because of my grammar. As I've seen it done countless times, by all means. I know my writing isn't awesome, that shouldn't deter from my point. I hope that someone finds merit in this post. I wish to encourage people to have a better understanding, nor am I looking to change anyone else opinion.
I will be happy to answer any reasonable questions.
The matter of Etoro, in my opinion. I don't use or would use Etoro some members on here gave very good explanations. Etoro is not a good broker, I'm not looking to bash them down just speaking my opinion on that specific broker. I would use a broker that is and has been in the industry for a while, someone who has a better reputation.
Thank you, for anyone who took the time to read this. I just wanted to toss my 2 cents on the subject.
Before, I give my 2 cents. I'm a Forex trader for 12 years, I've been doing this for 12 years, and I do this now as a full time job. My stubbornness, and will to continue moving forward has kept me in Forex, because I refused to surrender! Let me set some of the myth's.
Forex is NOT gambling, I repeat Forex is NOT gambling. Now with that being said, a new person that comes into forex drops money -- opens a trade that is gambling, now the action preformed is gambling.
Forex is a market, and there is a lot of obstacles in that market. Brokers most of the time make money, by hedging against its clients, Alpari even had it in its terms and conditions, that having clients and being a broker is a conflict of interest. Due to the nature, that most traders run in without understanding the mechanics, its easier to hedge against its own clients.
Most people that tell you that anyone who makes money in Forex is lieing, is someone who has lost money in Forex and holds grudge.
Every post that everyone, has said here.. I've done it. When I first started trading Forex in 2001, I got $2,000 dropped in on 100k Account which is $10 per point.. Made money my first transaction lost everything else, and I did that over and over and over again. Over the years, I kept losing money.. I'm not ashamed to say, I've lost thousands of dollars in Forex.
I knew, that the problem dosn't lay with Forex itself. The problem was with me, and my actions and my behaviors. I picked up books, I did Demo, I've studied, I lost more money. Rinse and repeat. I've identified the problem(s). I made more mistakes, and eventually I finally was able to correct every single issue, and become successful. Am I stinking rich? Am I a millionaire, no. I don't have millions, and I don't have a castle or a Ferrari or a boat.
I'm an average person, who is controlling his risk with proper money management. I don't day trade, I'm not in and out of the Market. (I used to, I was up all nights, and taking 3 Am walks after I crashed and burned multiple times)
I'm a conservative trader, I swing trade I use the 4 Hour chart. My trades sometimes are open for up to 2 weeks.
For those who are wondering, I make about $3000 a month. For anyone who thinks, that's awesome. I wish I could do that. Please read, what I've said. It took me years to get to this point. I only trade on pure technical analysis. I don't look at reports, I don't look at fundamentals. I only trade on Technical analysis. I position my trades, when my system that I've created lines up and open trades and let them run. I take losses, its part of trading. There is no such a thing as 100%.
Forex is a very well oiled machine, and it operates through patterns. I can see those patterns, but that's because I've been watching it for years and years. With Mechanical trading, and no emotion, and proper discipline and money management a person can be a successful Forex trader.
Someone said on here, that Stock is more predictable and easier. That is absolutely correct. Stock market is more predictable, and easier because its easier to measure participants, and direction. Forex Market has more players, and requires bigger amounts of volume to move it, a lot of people find advantages and the people who don't know what they are doing get burned.
I don't like to reference the term "noob" I was once new too, and I'm new to other things and prospects, and I feel like its disparaging when it used in a matter to put someone down, for not knowing something even though they are making an effort to learn it.
I wanted to respond on this to offer my opinion, and this all just my opinion. I'm not doing a witch hunt after anyone. I wanted to offer a perspective from someone who has been through this, and to offer advice to those who are doing this is that if you stay long enough, if you put in enough effort. It will pay off. This is not a get rich quick scheme, and its not a gambling if you don't treat it as such.
It requires time, patients, effort, discipline.
For anyone who wishes to take shots at me, because of my grammar. As I've seen it done countless times, by all means. I know my writing isn't awesome, that shouldn't deter from my point. I hope that someone finds merit in this post. I wish to encourage people to have a better understanding, nor am I looking to change anyone else opinion.
I will be happy to answer any reasonable questions.
The matter of Etoro, in my opinion. I don't use or would use Etoro some members on here gave very good explanations. Etoro is not a good broker, I'm not looking to bash them down just speaking my opinion on that specific broker. I would use a broker that is and has been in the industry for a while, someone who has a better reputation.
Thank you, for anyone who took the time to read this. I just wanted to toss my 2 cents on the subject.
fenafillah
Junior Member
- Mar 14, 2012
- 138
- 59
dont use to much leverage , maybe 10-20
euros123dotcom
Junior Member
- Aug 2, 2013
- 131
- 126
Palabara is correct and this is the voice of experience. I made a similar experience like him.
I have an etoro account and trade there once in a while. The only interesting aspect about etoro is that you can copy successful traders. My brother in law opened an account with 100 US$ and is now sitting on 400 US$. He never trades, is just copying one of the "famous" guys there (you will find out by yourself). Anyway, he is extremely happy about the results. He might loose everything later on, but he accepts that possibility. Trading time from 100 to 400 was about 6 months.
I stopped trading as my main business went bust (because of my partner defrauding me) and I didn't have more money to put into Forex. Nowadays only trading within the 50-100 US$ range, just to keep at it and not get rusty.
I am not promoting etoro or any other broker. They all have their quirks, pros and contras. Some people don't like the idea that etoro is based on Cyprus/Israel - although monies are kept at Deutsche Bank and Barclays London. Ate least that is the information that I could get through some research.
I have an etoro account and trade there once in a while. The only interesting aspect about etoro is that you can copy successful traders. My brother in law opened an account with 100 US$ and is now sitting on 400 US$. He never trades, is just copying one of the "famous" guys there (you will find out by yourself). Anyway, he is extremely happy about the results. He might loose everything later on, but he accepts that possibility. Trading time from 100 to 400 was about 6 months.
I stopped trading as my main business went bust (because of my partner defrauding me) and I didn't have more money to put into Forex. Nowadays only trading within the 50-100 US$ range, just to keep at it and not get rusty.
I am not promoting etoro or any other broker. They all have their quirks, pros and contras. Some people don't like the idea that etoro is based on Cyprus/Israel - although monies are kept at Deutsche Bank and Barclays London. Ate least that is the information that I could get through some research.