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    Forex Trading?

    Is anyone on this board trading foreign exchange markets? If so can you advise as to risks, methods and a source of unbiased information?

    0  Views: 786 Answers: 2 Posted: 12 years ago

    2 Answers

    I'll tell you what I and many others have learned the hard way.  Its for the pro's.   Its hardly any different from plain ordinary gambling.  Simple fact, answer this, where does the profit money come from,  the losers.! 


    All the advertising done to promote Forex systems for winning are scams.  They are simply looking for new bank accounts to empty.  Its like slot machines, a few small winners and lots of small losers until you run out of money.  Been there, dumb that.  YOU CAN'T WIN !


    If you think you are different and have better luck than all the other losers you are perfect prey for the pro's.  You by comaprison are a gin rummy player while they play HIGH STAKES poker against you.


    You have a better chance of making a profit if you send  all your money to me and I leave the country.

    Market knowledge and ability to understand analysis will only get you so far in forex trading, but without the nerve to actively compete risking your own money in the process you can never become a successful trader.


    Wagering huge volumes of money in a market as susceptible to change is liable to cause a whole range of opposing emotions; fear, excitement and anxiety just to name a few. Battling against your emotions in order to complete a successful deal is one of the major hurdles, which must be overcome if you are to become a trader able to close huge deals and earn vast sums of money. If you can overcome or even use these emotions to make trades on the Forex then a successful career may be beckoning, but failure to do so will almost certainly cost you a substantial amount of money and end any lingering desires to progress in the busy world of exchange rate trading.Hope you the relevant answer.


     



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