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FOREX-- Who has system for buying and selling in the Forex market?


FOREX-- Who has system for buying and selling in the Forex market?

You can certainly make money from forex. But you can also lose your hat too.

You will need a trading system that you are comfortable with to trade this extremely liquid markets. Most traders tend to formulate their own forex systems and I recommend you do too. Don't take the lazy way out and borrow another person's system. You won't learn anything.

If your new, start small. Learn from your mistakes. There are plenty of losers out there and I hope you don't become one of them.

Good Luck.

A fool and his money are soon parted. Report It

No, I don't think so. Report It

I strongly suggest you to stay away from FOREX if you don't have at least 100 times or 200 times your current FOREX balance.

If you have a $2500 account you need to have at least $250,000.00 in assets

If you have a $250 mini account you need to have at least $50,000.00 in assets

If you have more than $25,000.00 but less than $50,000.00 I suggest you to daytrade. (You get a 4:1 Credit Line of at least a $100,000.00)

If you have less than $25,000.00 but more than $2,000.00 I suggest you to daytrade with restrictions. (You get a 2:1 Credit Line of at least $4000.00)

If you have less than $2,000.00 I suggest you to trade only Exchange Traded Funds and Mutual Funds.

If you need more detailed advice drop me a line.

I don't recommend dealing in foreign exchange at all. You're more likely to lose money than gain. If you do try it, watch out for the scammers

Aside from what others have replied to your question - Forex is as risky as you want it to be. You dont need the assets as stated by the previous answers.
Benefits of forex are:
Liqidity is not an issue
Trade long or short whenever you feel like it
Very trending
Low spreads
Long market hrs

As far as a system goes, I channel trade using support and resistance lines and break outs of these lines. I really like support and resistance in this market.

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