Online trading & Forex????

life31 · #1 (**permalink**) 05-04-2008, 05:16 PM

Has any one tried his luck in Online trading or forex?

I am very much intrested in learning trading and forex but then what bothers me is the risk associated which people say. Is it realy a risky job?? How about earning from Forex?

Has any one made good from it? And finally how and where can i learn about it?

liowkc · #2 (**permalink**) 05-04-2008, 11:53 PM

You can really make big money by being a day trader but I would suggest you start with stocks rather than forex. Forex trading is an extremely risky endeavour.

titaniumhijau · #3 (**permalink**) 05-05-2008, 04:27 AM

I'm still study about forex and i hope i really can master it and make money with forex online. So far, not many people manage to earn big in their first time. Most people will losing their money first right?

hwang · #4 (**permalink**) 05-05-2008, 03:02 PM

First of all when it comes to Forex, the risk associated with it outweighs the gain. Just remember one thing about Forex is that the biggest enemy is you yourself with fear and greed.

life31 · #5 (**permalink**) 05-05-2008, 04:43 PM

Is it true that there is a very very high risk associated with forex. I always thought that stocks or shares were a bit tougher.

Hwang dont get what your really ment by

Quote:

Forex is that the biggest enemy is you yourself with fear and greed.

Why do you say that in forex you yourself is your enemy??? Dont have much idea about forex. But only knew that it did have great potencial.

titaniumhijau · #6 (**permalink**) 05-06-2008, 03:39 AM

Enemy? Hehe, its depend on yourself. So far, i know we can earn big from forex but we also can lose big from forex. So, the decision its up to yourself. You want to try, you must agree to losing your money soon. Just never regret it.

liowkc · #7 (**permalink**) 05-06-2008, 04:05 AM

Hwang is absolutely right on the HIGH RISK of forex and the biggest enemy is fear and greed. You can also lose a lot of money on stocks, just a little slower. If you want to play, start with stocks first, they are less risky.

life31 · #8 (**permalink**) 05-06-2008, 09:02 AM

I am actually planning of getting into forex. So in that case i feel that I should take all your openions into consideration and play safe and probably not invest huge funds into it.

hwang · #9 (**permalink**) 05-06-2008, 03:28 PM

If you were there with the game, you will understand what I mean. Adjustment can easily be clouded by surrounding facts. Basically a novice trader always have to overcome himself first which is the emotions. A person must know where to stop and never try to hit back at the market to cover your losses. It's a big market with a big and unpredictable swing.

For those *someone* here who always think he knows a lot and have big mouth or words or whatever and say that the market is easy meat, think again. It's mean and has no compassion. Just my small little advice because I've been there. I was losing a lot at one point but I managed to win back and cover my losses and gain back to square one. I was lucky but after that I think my time is best use for other useful and meaningful stuff which I enjoy doing like creating sites.

Quote:

Originally Posted by life31

Is it true that there is a very very high risk associated with forex. I always thought that stocks or shares were a bit tougher.

Hwang dont get what your really ment by

Why do you say that in forex you yourself is your enemy??? Dont have much idea about forex. But only knew that it did have great potencial.

life31 · #10 (**permalink**) 05-06-2008, 04:57 PM

Thanks Hwang for sharing your personal experiences regarding forex. I certainly appreciate your help. I did have an edge towards Forex thinking that it was a huge potensial market. Now from your words i learn that it has potensial but also has a dead end.

Its sounds like if you are lucky enough then youll make up some good days but then if you arent then "God save you"!

And then I feel that its also is a sort of addiction, when you are going good with it you feel to get more deeper into it.

titaniumhijau · #11 (**permalink**) 05-07-2008, 11:24 AM

Quote:

Originally Posted by life31

I am actually planning of getting into forex. So in that case i feel that I should take all your openions into consideration and play safe and probably not invest huge funds into it.

First, learn how to use their software, learn to know about basif of forex and many tools of forex. Find some guider and also expert forext advisor who can help you. Never work with forex alones. You need many partner who can discuss about forex with you. If you just gamble and play forex without learn anything. I think some of you will waste your time.

hwang · #12 (**permalink**) 05-07-2008, 02:43 PM

No problem buddy. Just to add something. It can make you rich very fast - correct but it can also make you poor very fast. It's either way left or right.

But one question that you should always ask yourself is that "Are you willing to risk your hard-earned money?". I believe only you yourself has to answer to it and the final decision is yours to make.

Quote:

Originally Posted by life31

Thanks Hwang for sharing your personal experiences regarding forex. I certainly appreciate your help. I did have an edge towards Forex thinking that it was a huge potensial market. Now from your words i learn that it has potensial but also has a dead end.

Its sounds like if you are lucky enough then youll make up some good days but then if you arent then "God save you"!

And then I feel that its also is a sort of addiction, when you are going good with it you feel to get more deeper into it.