Anyone try FOREX (Foreign Exchange Currency Trading)

[BadKredyt]

Dollars down, Euros's up..so i'm thinking there got to be a buck in this somewhere, especially with a recession coming..

www.forex.com

http://ezinearticles.com/?FOREX-101:-Make-Money-with-Currency-Trading&id=16134

reviews, comments, horror stories...

 

[Casca]

FOREX manual - 10 keys to successful trading

Chapter 1: What is the FOREX?
Chapter 2: A Trader’s Vocabulary.
Chapter 3: Reading Candlestick Charts.
Chapter 4: Types of Orders.



Key 1: Equity Management
Key 2: Buy and Sell Signals
Key 3: Bulls vs. Bears �?Introduction to Highs, Lows, Support and Resistance
Key 4: Price Swings
Key 5: Fibonacci Ratios
Key 6: Trends and Trendlines
Key 7: Trading Trends with Fibonacci Ratios
Key 8: Trading Trend Reversals or “The King’s Crown�?br /> Key 9: Trading Consolidation with Fundamental Announcements
Key 10: Protective Stop Losses and Murphy’s Law in Trading

http://rapidshare.com/files/41184719/FOREX_Manual_-_10_keys_to_successful_trading.pdf

 

[BadKredyt]

yooo..good LOOK!!

I was "googlin" my ass off last night on this topic.

much appreciated

 

[im704]

I been looking at this for a while too.
Got some folk that are into it.
You can make money doing this but it's no get rich quick joint.
You gotta really watch it.. even if you get software that is supposed to handle it for you... you can't really be sure... because it's based on money and human fluctuations.
The software can't predict that.
So you have to kind of watch it a couple of hours a day, and get your stops in place and so on.
Plus you gotta have some good loot put in in order to get some out.

It's definitely doable....

7

 

[stonelove_mvmt]

I'm making some decent coin, maybe a few hundred a month but that's cos I'm dabbling and don't give it enough time. There is money to be made, but like all endeavors you MUST know what you're doing. KNOWLEDGE is key. You can lose your shirt and then some if you don't know what you're doing

 

[Disanddat]

if you are going to get the benefits of the market then it does has some considerable risk. The risk is there no matter how much you know.

The main thing to have is a DISCIPLINED attitude towards trading and not risking too much of your account on any trade.

I recommend to use all indicators learnt on daily charts, especially if you are new to the game.

Remember the key is DISCIPLINE , I am going to download the book and I can bet there is going to be alot of emphasis on that.

Good Luck

 

[King D]

Develope a strategy. Try using demo accounts with different brokers and determine which one you feel comfortable going with. I suggest you use a demo account for at lease 3 months before putting any real doe into it.

The info is out there, you have to find it. These are the two forums that got me started.

http://www.forexfactory.com/forum.php
http://www.moneytec.com/forums/