10-31-2007, 07:31 PM
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#1 |
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Greenhorn
Join Date: Jul 2006
Posts: 19
Rep Power: 0  |
Is FOREX REAL? HOW DOES IT WORK?
Is FOREX REAL? HOW DOES IT WORK?
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10-31-2007, 07:31 PM
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#2 |
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Greenhorn
Join Date: Jul 2006
Posts: 13
Rep Power: 0 |
Is FOREX REAL? HOW DOES IT WORK?
Its real like stock market, stock market dealing stocks while forex deal with money. depend which company you use to play this "money game' and comissions. while many companies out there are fake so be-aware
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10-31-2007, 07:31 PM
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#3 |
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Greenhorn
Join Date: Jul 2006
Posts: 46
Rep Power: 5 |
Is FOREX REAL? HOW DOES IT WORK?
YES
currency is valued at a rate that fluctuates with other currency values. lets say you exchange 1 US dollar for 1 euro, then the value of the dollar drops compared to the euro, that one euro can be exchanged for $1.10. you made 10 cents. Yes that is right 'Drops' at that point you need $1.10 to get 1 euro, so the dollar is worth less. |
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10-31-2007, 07:31 PM
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#4 |
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Greenhorn
Join Date: Jul 2006
Posts: 10
Rep Power: 0 |
Is FOREX REAL? HOW DOES IT WORK?
FX is real. It's not for newbies to trading. 95% of all new accounts lose their "seed" money within the first 90 days.
However if you're willing to work hard. Take 6 months to a year or more to read, study and practice..... you may have a better chance of surviving. Money Management is more important than the percent of wining trades you have. This is an uregulated area. Many brokers truly stink. There are no good ones. Only brokers that are not as bad as others. Good luck. |
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10-31-2007, 07:31 PM
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#5 |
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Greenhorn
Join Date: Jul 2006
Posts: 15
Rep Power: 0 |
Is FOREX REAL? HOW DOES IT WORK?
Yes it is real. I am a full time forex trader. But unfortunately, unlike stocks and futures markets, Forex is a De-centralized market which means there is no centralized body that monitors the market and the participants (clearing houses, brokers ect......). Because of this retail traders are to beware of unscrupulous brokers who are out to gain profit out of novice traders by using unscrupulous ways.
Forex trading is the buying/selling of a particular currency against another currency. For Example, if you think US dollars is gonna strenghthen against Japanese Yen, then you would BUY USD/JPY pair (buying USD while selling Yen). If you think the opposite is true, then you would SELL USD/JPY (Selling USD while Buying Yen). Forex quotes ALWAYS comes in Pairs, for example:- USD/JPY, EUR/USD (Euro dollar versus USD), GBP/USD (British Pounds versus USD). Therefore, you gotta always know which currency is strenghthening against which other currency. |
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10-31-2007, 07:31 PM
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#6 |
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Greenhorn
Join Date: Jul 2006
Posts: 13
Rep Power: 0 |
Is FOREX REAL? HOW DOES IT WORK?
Hey,
Yes Forex is very much for real and a $1.4 trillion is traded every single day. Here are a couple of articles you must refer Introduction to Forex ebook http://forex-trading4you.blogspot.com/2007/10/forex-ebooks-for-beginners.html and this article on why you must invest in forex http://forex-trading4you.blogspot.com/2007/10/why-forex.html |
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10-31-2007, 07:31 PM
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#7 |
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Greenhorn
Join Date: Jul 2006
Posts: 10
Rep Power: 0 |
Is FOREX REAL? HOW DOES IT WORK?
Forex trading is absolutely real. I have been using a hedge system for the past 7 months that takes as little as 15 minutes a week to manage. For those people who want to go it along it can consume their lives. That is why I use the hedge system. You can set up a demo account and try it out for free for 15 days and see if it is for you. I recommend checking out http://www.wiseforexinvestor.com
If you have any questions please feel free to give me a call. Best Wishes, Rex White RexWhite@wiseforexinvestor.com 503-922-1475 Office 435-633-0101 Cell |
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