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Forex?!

Discussion in 'Making Money' started by BlackHatBloom, Feb 11, 2012.

  1. BlackHatBloom

    BlackHatBloom Junior Member

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    Hey there,

    I am willing to start trading Forex.. What is the best reliable Forex company based on your experiences?

    Are there any that accept PayPal?
     
  2. DutchTrafficService

    DutchTrafficService Regular Member

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    Not what you are asking for, but please be aware of the proven fact that 96% of forex players are always going broke. This happens somewhere between several weeks and several years, but statistics show it's a road to zero.

    The remaining 4% are bigger financials/investment banks.
    Don't buy into the hype, unless you are willing to blow your entire budget + more.
     
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    Last edited: Feb 11, 2012
  3. BlackHatBloom

    BlackHatBloom Junior Member

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    Thanks man! I will make sure to be extremely careful when I choose my company :)
     
  4. Mutikasa

    Mutikasa Power Member

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    what do u mean by forex company?
    All they do is brokerage and are basically all the same. They take spread from you.
     
  5. BlackHatBloom

    BlackHatBloom Junior Member

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    Well, yes that's what I am looking for... a brokerage with reputation
     
  6. francayma

    francayma Junior Member

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  7. mickyfu

    mickyfu Jr. VIP Jr. VIP Premium Member

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    And 97% of people who know nothing about forex quote this all the time. The reason why a lot of people loose money in forex is because they are simpletons who think to trade forex all they need is money and have no clue about anything else. You get these simpletons, because they have been lead to believe, by affiliates that they can become a millionaire in a month by investing $1000. In my opinion, if they are stupid enough to believe this, they deserve to loose their money. It is called a learning curve.

    As for the OP's question, I would highly recommend trading point.
     
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  8. BlackHatBloom

    BlackHatBloom Junior Member

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    True, but on the other hand, if you are patient enough and committed enough, you can make good money...
     
  9. caspka

    caspka Registered Member

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    I don't usually do this..but I'm in a good mood, I've been trading forex for 2 years.

    First..if you ask these questions here means that you're a noob so demo trade until you can make money for at least 2 months in a row, or trade for pennies with 100$ ..if not- trust me you will fail

    Second the best Broker is Oanda but they are picky with their clients these days.

    Also everything thinks that they are patient enough and committed enough but everyone looses control.
     
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  10. DutchTrafficService

    DutchTrafficService Regular Member

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    These are official numbers from brokerages....
    The same applies for all stock/future daytraders.
     
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  11. NoirHat

    NoirHat Regular Member

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    please post links supporting your 'facts'

    a broker would never advertise that everybody loses, that's just marketing common sense.

    also, people make money in every trading market...there is a learning curve.
    START with capital management, then learn to control fear and greed. If you can do this, you're 90% of the way to future success in trading.
     
  12. Dave welton

    Dave welton Registered Member

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    I have traded FX for 10 years, 1) Learn and underdstand leverage. 2) Completly learn and understand money management.

    I wish you good luck, rememebr I may be on the otherside waiting for you!!!
     
  13. mickyfu

    mickyfu Jr. VIP Jr. VIP Premium Member

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    Yes I too would like to see these "official stats"

    Like I said, people who loose money are the kind who think anyone can trade, without the slightest clue on what they are doing.
     
  14. DutchTrafficService

    DutchTrafficService Regular Member

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    It's in dutch, if someone is REALLY interested i'll look for it...

    Keep dreaming kids...but there is no win-button to create cash.

    And no TA is useless as well.
     
  15. mickyfu

    mickyfu Jr. VIP Jr. VIP Premium Member

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    Yes I am real interested.
     
  16. kabylos

    kabylos Newbie

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    yes i had experience in Forex. for me , the ebst is XM.com
     
  17. FX killer$

    FX killer$ Newbie

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    hello dear
    i am forex trader since 6 years
    i am ready to help you contact me if you care