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is forex right for me?

Discussion in 'BlackHat Lounge' started by TheSlugClub, Oct 12, 2009.

  1. TheSlugClub

    TheSlugClub BANNED BANNED

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    I started up with 3t0r0.c0m with $100, and they even gave me $25 bonus, and i ended up loosing $78 out of the $100 i paid them. I think I played well, was selling gbp against usd, but the fucking stop loss system looted me.

    now i have about $21 left with them, and they are asking me for my passport which I don't wish to share with them, and they won't accept any other proof that I have got. This means the $21 is gone too.

    Is forex right for me?
     
  2. KBC-12

    KBC-12 Regular Member

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    I think I have to agree with behere, here. (pun intended)

    When I was looking into Forex like 2 years ago, most of the material I would Came across stated you needed like at least 5k to get started.
    My pops told me you would need like 20 or 25K to do it right. However, he is not a quick money type guy. Long term investor...
    He mostly trades stock and bonds, commodities..


    Essentially, I think it is something you have to study and have a firm grasp and knowledge of the core principles that make you profit in the Forex market.
    AND once again, CAPITAL!

    Any other bhatters with Forex experience feel free to correct me on any of the above.
    (experience means you made money over a quarter or two At Least.)

    I have been wondering if Forex is the best route to capitalize on the talks of the US Dollar not being the standard currency of trade in the oil market anymore.
    I heard this would make the value of the Yen go up.

    Anybody on this one?
     
    Last edited: Oct 12, 2009
  3. justsomeguy

    justsomeguy Junior Member

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    Yea forex is not something to be toyed with have heard of people losing houses, cars etc from it just like pokies its addictive and trouble if your not 100% commited id suggest not..