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Thread: Forex Trading

  1. #1
    Join Date
    Mar 2009
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    Netbuilders baby !!!
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    42

    Forex Trading

    Didn't know where to put this, so here it goes.
    Now i've heard that a lot of people earna lot of money through forex trading. What exactly is it ?
    Also, is there anyone who would be willing to teach me forex trading (for a fee ofcourse )

    Anyway, let me know whatever you can !

  2. #2
    You should know me by now, so I'll keep things short and clear.

    I've been a Financial Markets part-time trader since I remember (sometimes full-time).

    I've been a Stock Trader for the last 16 years.
    I've been a Futures trader for the last 12 years.
    I've been a CFD trader for the last 8 years.
    I've been a Commodities trader for the last 6 years.
    I've been a Forex trader for the last 5 years.

    (please notice the path)

    Less important... I've studied financial markets all my life (University, Mhd, etc...)

    My suggestion - Forget about it.

    The amount of information, time and knowledge you need to have to be a successful Forex trader (and I'm not that successful, just a bit) will take you ages to acquire, probably longer than what you've lived 'till now.

  3. #3
    Forex, unless you know exactly what you are doing, is gambling. Within my first week of trading, I had made a profit of more than $200 - but within that same week, I had lost my initial investment ($300) plus any profits that I may have otherwise made.

    You cannot tell me that you would have had the self-discipline to stop when I was at $200 profit. IMO, that would have been impossible.

  4. #4
    I'm doing a website for a forex trader. I asked him about it, and he told me 95% of those who tried forex trading became bankrupt or committed suicide. "I'm in the lucky 5% group," he said. He then told me better to concentrate on what I'm good at - web design.

  5. #5
    Join Date
    Mar 2009
    Location
    Netbuilders baby !!!
    Posts
    42
    Thanks, all three of you !!

    And shenron, i respect your opinin and so i'll do what you said.. i'll forget about it !!
    I'll look for other avenues instead... Once again, thanks guys !

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