Opinion on forex ?

myinternetempire said:

Forex is not an easy business. It is a risky business especially for new comer. Sometime new comers make some money from this market. The only reason of such money is luck. In Forex market luck can help to make some money. But if you rely on your luck, you won't be able to win in long run. So take your time and learn about Forex market.

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I agree with with you, but one thing that can help is spending more practice time with demo trading. But that won't guarantee complete success in forex, one has to be dedicated and exact real effort.

Another method would be to invest in a PAMM account. Thus you can get Experienced traders who trade thier own money , and you give a commission for trading yours too. Details here seorg.net/2V

Forex is just like sport betting.

Typical (football) betting, Liverpool vs Chelsea.
And you put your bet/money on Liverpool.

Forex?

It depend on what type of currencies you to wanna bet.

USD vs EURO

YEN vs USD

and soon on. Just choose one and put your money on it.

Its easy, IF you spend years learning, if you have enough capital to blow before you are finally making profit(demo won't teach you anything, because 90% of forex is psychology and fear), if you can learn to be disciplined and if you can NOT overtrade, its better to have 1-2 good trades per week than trading 10 times a day and all sessions, just because you want to make more, thats the easiest way to lose it all.

darryl05 said:

I agree with with you, but one thing that can help is spending more practice time with demo trading. But that
won't guarantee complete success in forex, one has to be dedicated and exact real effort.

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He can spend 10 years trading demo and he won't learn anything, because trading with real money is completely different. Thats like playing flight simulators on the computer and then going to fly a real plane without any real training.

PinguSpy said:

Forex is just like sport betting.

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Even though Forex is speculative, it's definitely not in the same category as something such as sports betting. Some of you guys really underestimate the amount of analysis that can be done with regards to financial markets.

OnlineA said:

He can spend 10 years trading demo and he won't learn anything, because trading with real money is completely different. Thats like playing flight simulators on the computer and then going to fly a real plane without any real training.

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+1

I would say if you want to trade and make money with trading it's best to start with forex. Forex has often the lowest transaction costs and it is actively traded all over the world. For beginners I would really recommend to start with forex. Once you have gained some experience you can begin to trade commodities, indices, or stocks.

forex is crazzzzzzyyyy risky. lost a bunch. lots of books available (those make money) but actually trading, its tough, its not as easy as people make it seem. but follow your gut.

IDK, some automated trading systems claim to have 80%+ win percentages... That would definitely be profitable in the long run. Has anyone here on this thread used any HFT systems? Specifically Traders Elite or REV Trader? These two seem the most legitimate. There are tons of SCAM brokers out there that seem very lucrative (such as Millionaire Conspiracy) but they only work with one trading platform and it's usually a platform with terrible reviews, people have complications withdrawing funds, etc... It seems the best two platforms are CTOption and Empire Option, StockPair, AnyOption and 24option are also rated good... But then there are nearly 100 alternative brokers such as BeeOptions or Titan. These guys are unregulated and there's an extremely good chance they're ripping people off. I want to put $5k in and see what happens, but I want to use the right HFT software.

Some people sell bridges, too.

I rather learn forex than the stock market. That's my 2 cents