Stock Markets Exposed - Forex Trading advice?

Forex Trading advice?

Hi, Im new to the whole stock/trading arena and I have been told that forex can be a simple, yet high paying place to start....my question is as I have no knowledge of this..is there someone/somewhere i can go where I can be advised where to invest say $100 to start with... Looking for someone that can basically minimise my work load and basically instruct the best palce to invest this to etc Regards wow geoff...U have scared me off...lol Would love to chat more but cant contact you...could u email me meeting_rihanna@yahoo.com.au regards

Public Comments

What ever you do DO NOT TOUCH FOREX trading. I lost $85000.00 in 31 days. Some nights loosing $14000.00 Why did i keep going Thats a long story to long for hear. It took me 2 years to get over my loss Changed my hole life. $100.00 is not much to lose. The exports will tell you it is the biggest casino in the word. I think you should save your money until you have a min of $1000.00 Also start learning about the stock market There is a lot of information on the net Good luck and don't do as I did
There is nothing wrong with the Forex market as long as you are willing to dedicate yourself to learning how to trade. Forex is great, one month ago I quit my job (finally) and became a full time Forex trader after trading for two years part time. It took me two entire years to learn how to trade well enough that trading could replace my work income. How did I succeed? well I did not throw $85,000 in without knowing how to trade and just hope for success. I worked hard and eventually I begun to make consistent profit. I told myself when I have 1 and a half years income saved up in the bank and a decent sized trading account I would quit my job and trade full time. I am know trading full time and loving it. WARNING!! Do not pay for signals or for e-books. The truth is you will learn nothing from an e-book. The people that write e-books are failed traders and you can't learn anything worthwhile from people who never made it. There are a FREE few sites you can check out for Forex related materials. www.forex4noobs.com www.forexfactory.com www.babypips.com These are all great sites, forex4noobs completely revolutionized the way I trade and helped me see the market in a different light. The forexfactory forum us great to meet new traders but as far as the analysis goes I stay away. It seems like the blind leading the blind. They have a fantastic economic calendar and news section. Babypips is great to learn the basics! Good luck and if you need any help email me at sandyquaho@yahoo.com
Hi, trading Forex can be daunting for first time traders. I just started trading using a demo account to learn the basics without investing any money. You can get demo or practice account with most online brokers and theya re a great way to get your feet wet in forex trading. Check out my journey from a complete forex newbie to hopefully a hotshot trader. http://www.learn-forex-online.com
The FOREX market is now available to individual traders with smaller accounts. For an easy strategy that is changing the face of the Foreign Exchange Business with - No Classes – No Guesswork – No Charts – No Graphs – No Wonder you can find it at http://www.GlobalMoguls.com
I would not say that Forex trading is a "simple" place to start. I would say that it is a very interesting, potentially profitable arena to consider as part of a well rounded investment strategy. The first thing you will find is that there is Forex, there is Forex and there is Forex.....and all three are different. Let me explain. First there is the Forex Futures market. This is where foreign currencies are traded like a commodity. For a relatively small initial investment the speculator can control a sizeable position in a specific currency and can make a lot of money or lose a lot of money depending on their luck, intelligence or the "will of the market". This is where you find quite a few horror stories of people losing $85,000 and ruining their lives. These people tend to be slightly upset and will caution everyone to run for the hills when someone says the word Forex. Then there is another "forex" arena where someone will simply head for their local AMEX currency exchange booth at the airport and trade in some dollars for a bunch of Iraqi dinars. They will head home and stuff these dinars under their mattress and wait to become a gazillionaire. This is not a very wise way to participate in the foreign currency arena. Lastly, there is what is called the "off-exchange spot forex" market. This is the market that I invest in and my guess is that this is where Sandy Q. has spent a couple of years sharpening her trading skills as well. I need you to keep in mind two very important points to this market. First, the higher the potential is for profits ... the greater the risk involved (this is true in all markets but for some strange reason people sometimes go stupid in the forex market and forget this important piece.) Secondly, you should never invest money in the Forex market that you can not afford to lose. The good news is that there is an abundance of good, free information available for you to learn how to identify and reduce the risks, how to employ sound money management principles and how to implement conservative strategies to improve your potential for success. (Babypips. com and forexfactory.com are two that I always recommend to my students) The other thing that is totally cool is that you can open a demo account and trade to your hearts content utilizing virtual dollars and not risking any of your own money until you get some education and some experience. Best wishes for your success ... and never let someone else make a decision for you! Paul
Currency trading is risky business, but you can make money with it. You just need to trade smart. Before you start trading, you should learn as much about forex as you can to prepare adequately. Many websites will advise you to trade with leverage to increase your profit. Leverage is ratio between lended capital and invested capital. For example if brokers offers you leverage of 100:1, it means that if you invest $100 you will be able to trade with $10.000. While leverage can bring you higher profits, you can also lose all your invested money very quickly. Most brokers have automated systems that can issue a stop order to some trades to protect their interests, so you can never lose more than what you invested, but it is also possible that some brokers don't have these systems and in that case you can be responsible for losses that outweight your investment. That is why you should always read brokers margin agreement. Avoid using high leverage (more than 10:1) until you learn how to trade successfully. You don't need much money to start forex trading. Some brokers will allow you to enter trading with $50, even less. Check out the source below. Just remember greed can be your enemy No.1. Also don't expect high profits with forex. People who make money on forex are doing it slowly. If you expect a return of 200% within a week, or month, than forget it and try something else.
join with http://theclickinfo.com/forexpro/
I love forex! I would suggest starting off with alot more than $100 though. The best site to learn the basics is http://www.babypips.com. Also http://www.etoroforexgames.com has a great platform to start with. Their platform makes it easy to understand what is going and it is unlike any other platform in the world. They also automatically put in stop loss orders for you, offers its services for free, and there are no commissions.
Hi Rihanna, I'm here to say sorry to you in advance but forex is not simple for most of the traders out there (you can use the iceberg theory to get some numbers ... i.e probably 87% of traders are losers). If you like a "shortcut" per se (that's if you don't really want to learn to trade technically, etc), I strongly suggest that you take a look at non-blackbox trading systems that have proven to perform well in the forex market consistently and that don't cost much. LondonWhisper is an example of that. If you're really committed to profiting from the market consistently with a reliable and well thought out mechanical system, then waste no time in heading over to http://www.forextradingstrategysystem.com The system is backed by not just a 100% guarantee but a 110% moneyback guarantee so you've simply got nothing to lose. Hope that helps buddy! =)