Stay away from Forex trading… - HYIPs Talk

dekac · #1 (**permalink**) 08-17-2008, 09:06 PM

Hi Traders

I suppose you have been told that traders make huge amounts of cash
from the Forex market?

I have a strong feeling it’s not true….

I just got off the phone to my broker, and he was telling me about
the statistics this year. If you thought national debt numbers were
scary, you would be SHOCKED at the failure rate in Forex trading.
The best thing is to stay away from Forex trading…

That is, unless you have Insider Knowledge…

Actually my opening statement was intended to shock you. I really
want you to read "Don't get mad with me" on my Blog

derrekmay · #2 (**permalink**) 08-19-2008, 09:04 AM

I'm also aware allot of people lose tons and tons of money on the forex.
But that's just because they don't have the necessary experience to trade for themselves...
I also want to trade for myself but I'm only going to start doing this when I feel readyy and when I have learned enough to handle sticky situations.

liner · #3 (**permalink**) 08-21-2008, 05:44 PM

Quote:

Originally Posted by derrekmay

I'm also aware allot of people lose tons and tons of money on the forex.
But that's just because they don't have the necessary experience to trade for themselves...
I also want to trade for myself but I'm only going to start doing this when I feel readyy and when I have learned enough to handle sticky situations.

What a problem? The best study is to trade. Open demo account and trade as much as you can...

dekac · #4 (**permalink**) 09-01-2008, 08:10 PM

Hi Traders

If you go into it afraid of losing, then most likely you are going to lose. It is pretty much accepted that most human beings have an innate desire to prosper. This desire is what makes failure so frightening...

liner · #5 (**permalink**) 09-06-2008, 09:18 PM

Quote:

Originally Posted by dekac

Hi Traders

If you go into it afraid of losing, then most likely you are going to lose. It is pretty much accepted that most human beings have an innate desire to prosper. This desire is what makes failure so frightening...

Hi. Absolutely agree with you. Most of all traders firstly lose in their heads and only then in their accounts.

tock · #6 (**permalink**) 09-14-2008, 07:22 AM

Quote:

Originally Posted by liner

Hi. Absolutely agree with you. Most of all traders firstly lose in their heads and only then in their accounts.

There are a lot of ways to lose money on FX market. But there are only few to gain money... One is Money Management.

liner · #7 (**permalink**) 09-25-2008, 02:25 PM

Quote:

Originally Posted by tock

There are a lot of ways to lose money on FX market. But there are only few to gain money... One is Money Management.

You are right. One is MM and the other is Stop Loss.

zeum · #8 (**permalink**) 10-01-2008, 10:03 AM

Hi. What do you think abt daytrading theme? It can be very useful in FX trading.

Goodman · #9 (**permalink**) 10-14-2008, 05:20 PM

I only one can say. If you lazy, for you nothing to turn out, there are many people which became millionaires on Foreks, and you did not even want to honour a book, that to know about it.

seems2 · #10 (**permalink**) 10-17-2008, 03:21 AM

With the economy the way it is now.. i dont think it is the right time for forex investment. I would rather place my bets on investing in bullion.