The only way to make money on forex is learn how to do it first and make your own trades. It is especially important that you learn how to preserver your capital because you can gain a lot, quickly, and lose it all even faster.
Comment by Caroline — April 1, 2010 @ 12:58 am
There is no such thing as “guaranteed” income.
Investing is a risk; more people who are not professional traders lose money than ever.
You would do well to avoid the forex systems being touted here and at shows – they do NOT work and will only cause you to lose your money.
Do your own research and attend training courses until you are familiar with the market, then decide if this is for you or not. If it is, then enter and do your own trading.
Comment by InspectorBudget — April 1, 2010 @ 1:14 am
Fx Online Trading – Beginners Guide
This online forex trading beginners guide provides you with the best tips for successful Forex trading When it comes to forex trading, understanding the terminology and the forex trading strategies before you begin is vital. There are many web based companies that provide online forex trading tutorials that revolve around real time forex trading. Using a forex tutorial will give you the beginner knowledge you need to take part in trading forex.
After you have completed your forex tutorial there are some basic forex trading tips that all beginners will find useful. The most important thing to remember when trading forex and the most important forex trading strategy is to remember to always place stop loss orders. Using this strategy in your online forex trading will help to prevent and limit your losses.
The next important step for online forex trading is to take profit orders at the same time as placing your stop loss orders. This is done by using the OCO order function that is available with most online forex trading systems. Take profit orders work on the same basis as the stop loss orders and help to eliminate the risk of locking into a profit too early.
Another beginner’s tip is to use a positive risk/reward ratio. This means that you should choose the amount you are willing to make on your forex trade beforehand and it should be more than or equal to the amount that you are willing to loose. This tip is essential if you want to be successful in your forex trading.
It is important for any forex trading beginner to note that successful online forex trading takes patience and is a long term investment. It takes controlled forex trading along with discipline and patience to make your forex trading profitable. Continued research and forex tutorials and guides will help you to learn more and remember as with all successful ventures; knowledge equals power.
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Comment by Jonathan Tai — April 1, 2010 @ 3:41 am
hello there are no such gurantee but if you become expert in trading then you can pull lot of profits from forex .here are some good trading platforms that most traders use ——————————- forexplatformslist.com ——————————-
Comment by Jame — April 1, 2010 @ 4:12 am
I agree with Caroline. No one can really guarantee you. At the end of the day it’s your money so you must learn to manage it and you have to learn to manage risk.
Comment by today’s net — April 1, 2010 @ 5:05 am
With anything to do with investing, there’s no guarantees for profits, no matter what websites try to tell you.
The only thing you can do is greatly increase your odds of making money by investing in education and systems that have a history of working for other traders.
Comment by Walter M — April 1, 2010 @ 5:43 am