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Can forex trading make us rich? |
Can forex trading make us rich? Not likely. It is a high risk activity. Invest only what you can afford to lose. Consider it a form of high stakes gambling. The rewards in FOREX trading is very high, so you can get rich quickly. Currency trading, day trading, and options trading are all risky business. Stay away from it. If you have money, invest in Government Bond. Canadian banking stock are quite safe too. Yes if you know what you are doing. Yes if you accept the principle that a roulette wheel can make you rich. High investment=High risk I made 17,000 one Friday lunchtime trading on the US employment data release using Oanda. High risk strategy. Before making any plans please follow of course it can - but even if you are a professional you could lose the lot. 95% of the investors that try to trade FOREX... fail. |
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The general meaning is the same. Forex trading means foreign exchange trading, which trade in and out of a cash market in foreign currencies made by large banks. This is pretty much the same as c... By far and away the most active currency pairs are GBP/USD, EUR/USD, USD/CHF and USD/JPY. ...Technically, the Forex operates on a global time scale, twenty-four hours a day, seven days a week, with no start or end time. Since no one stays awake 24 hours a day and that very little tradi... When all indicators or at least those you are watching meets together. I think it works also on if not especially when 3 moving averages of different time frame meets each other. The significant be... I can tell you the following; This broker is "up there" with high spreads. This broker appears to have a "dealing desk"... Which means they lose money on news trades, scal... People warn you not to touch anything if you aren't an expert - but of course you need to start somewhere - can't become an expoert without getting your hands dirty. Neither is better.... I would strongly advise you to check with the individual broker as to any downside protection they would guarantee on your investment. There are situations in fast moving markets where a broker is ... Most brokers provide their trading software for free. Maybe you're actually looking for commission free forex brokers. Take a look at FXcast.com. They don't charge commission, have no h... |
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