Thinking of Forex Investing? Read this!
Millions of investors are making (and sometimes losing) money in the forex markets around the world. It's a huge opportunity and creates a steady job you can do from the comfort of your own home. We're going to cover the ups and downs of forex trading and how to make it work for you - and give some guidance on whether or not it's the right job for you.
The forex market is an opportunity for you to exchange foreign currencies. Unlike the stock market, you're not investing in a certain company. You're actually investing in a currency. Unlike the stock market, there are not hundreds of thousands of stocks to pick from and research. You get a short list of currencies depending on which broker you have, and you can trade them. This makes research a lot easier, and you can get good with a few currencies.
Forex offers a lot of opportunities, largely because forex trading happens worldwide, nearly 24 hours a day, from Monday morning in London to Friday night in Hong Kong. It's a constant bustle, and lots of chances to make your play on a currency swing, and you can trade as often as you like. The flip side is that it's easy to become afraid to leave your desk for fear of missing a trade. There are plenty of trading plans, ranging from day trader volatility plays to longer term position plays.
There is endless opportunity for profit in this business. You can set up huge manual trades when you notice a trend starting that can net you 1000's of pips in profit. This can amount to you making 1000's of dollars in a matter of minutes or hours. Anytime there is that much potential in one place, people start to take notice.
It's this automation that gets a lot of new people trading in forex; there is this strange belief that a program that can be bought for under $100 can 'automatically beat the market'. This is, when you think it through, utter lies. If such an automated system existed, the central banks would be using it themselves, with their trillions of dollars of reserves and general leverage. What you are getting for that $100 is an automated order placer; what orders and buy and sell ratios you use, you have to figure out - no computer program can replace sound judgment and good research.
If you've been looking for an opportunity to make a lot of money from the comfort of home, then this could be your ticket. Daytrading on the stock market is nothing compared to this. This is the next big goldrush if you position yourself for success in the industry. Think about being able to work your schedule, on your terms, without anyone breathing over your shoulder.
Day trading on forex trades your time for watching numbers on a screen and plotting graphs. It pays handsomely if you're patient and follow the basics. And yes, it's possible to make more than doctors and lawyers who went to college for eight years. It's also possible to have an overleveraged put call wipe out two months of earnings in 15 seconds. We recommend focusing on conservative, safe strategies until you get a solid understanding of what's going on.
Whether forex is right for you depends on your temperment; it suits a certain type of personality, who enjoys watching numbers and isn't afraid to play "win some, lose some." It's not suited to anyone who thinks they can play the market in their spare time through automated tools. You'll make mistakes, the question is how quickly you learn from them. - 23221
The forex market is an opportunity for you to exchange foreign currencies. Unlike the stock market, you're not investing in a certain company. You're actually investing in a currency. Unlike the stock market, there are not hundreds of thousands of stocks to pick from and research. You get a short list of currencies depending on which broker you have, and you can trade them. This makes research a lot easier, and you can get good with a few currencies.
Forex offers a lot of opportunities, largely because forex trading happens worldwide, nearly 24 hours a day, from Monday morning in London to Friday night in Hong Kong. It's a constant bustle, and lots of chances to make your play on a currency swing, and you can trade as often as you like. The flip side is that it's easy to become afraid to leave your desk for fear of missing a trade. There are plenty of trading plans, ranging from day trader volatility plays to longer term position plays.
There is endless opportunity for profit in this business. You can set up huge manual trades when you notice a trend starting that can net you 1000's of pips in profit. This can amount to you making 1000's of dollars in a matter of minutes or hours. Anytime there is that much potential in one place, people start to take notice.
It's this automation that gets a lot of new people trading in forex; there is this strange belief that a program that can be bought for under $100 can 'automatically beat the market'. This is, when you think it through, utter lies. If such an automated system existed, the central banks would be using it themselves, with their trillions of dollars of reserves and general leverage. What you are getting for that $100 is an automated order placer; what orders and buy and sell ratios you use, you have to figure out - no computer program can replace sound judgment and good research.
If you've been looking for an opportunity to make a lot of money from the comfort of home, then this could be your ticket. Daytrading on the stock market is nothing compared to this. This is the next big goldrush if you position yourself for success in the industry. Think about being able to work your schedule, on your terms, without anyone breathing over your shoulder.
Day trading on forex trades your time for watching numbers on a screen and plotting graphs. It pays handsomely if you're patient and follow the basics. And yes, it's possible to make more than doctors and lawyers who went to college for eight years. It's also possible to have an overleveraged put call wipe out two months of earnings in 15 seconds. We recommend focusing on conservative, safe strategies until you get a solid understanding of what's going on.
Whether forex is right for you depends on your temperment; it suits a certain type of personality, who enjoys watching numbers and isn't afraid to play "win some, lose some." It's not suited to anyone who thinks they can play the market in their spare time through automated tools. You'll make mistakes, the question is how quickly you learn from them. - 23221
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Want to see about a automated forex trading system? See this forex trading software in action and make huge money!
posted by X - Men @ 7:31 AM
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