Wondering about Forex?
Monday, September 21st, 2009 at
6:39 am
I am wondering if it is possible to make money in Forex trading. Currently I do some stock trading. Is forex trading similar? Very different? Does anyone make a living trading currencies? Is it skill or luck? How much money would you say you can make a month? Which Forex company is the best?
Tagged with: currencies • how much money • stock trading
Filed under: Forex Companies
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There are a few key differences between stock trading and Forex trading. First of all the Forex market is the most active market in the world with $2 trillion per day in transactions. This provides excellent liquidity. Secondly, Forex trading provides very attractive leverage of up to 400-1. The caution here is that increased leverage also means increased risk.
I have been trading a fairly conservative hedging strategy that has done quite well. In fact I have just completed an analysis of the performance of the strategy that I use over the past 10,000 hours.
I would be happy to share the analysis with you and discuss if this is a technique that you would like to explore further. Just send me an email. pupp52@yahoo.com
Best wishes for a prosperous 2007.
Paul Upp
925 236-1839
Forex trading worked well for me, but the only problem i had was lack of money to invest.. my solution was making a few hundred dollars a day by barely doing any work from home i’d rather make a few hundred on a daily basis then take risks and trade stocks.. i still trade every now and then but i’m making most of my money online here http://www.6million.biz/wealthbuilder/ thats should help you out with cash that you can use for Forex trading. good luck
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Yes it is possible to make money in Forex.
Forex Trading is similar to Share trading, the only exception is that it’s basically open to active trading 5.5 days of the week, so anything could happen at anytime to the price depending on which side of the world is awake at the time.
The difference is the level of activity, volatility and liquidity.
It is both skill and luck – just like stock trading. Skill in setting the plan, luck to make the $ go the way you want it. But you’ve already set your plan to both protect your wealth and to maximise profit.
Can’t really say how much you can make a month – just like stock trading, it really depends on the market and the system you are using.