Forex Indicators
is forex trading a good idea?
im 23yrs old and ive been day trading for a little over a year now i really enjoy what i do. and hopefully can become a porfessional one day. but ive been hearing alot of stuff on forex trading and wanted to know if its a good idea to learn how and do it. and if the risks are greater than trading stocks
Public Comments
- the liquidity's a lot better, but most folks probably lose money (just as most lose money day trading). so if you're holding your own day trading stocks, you may well give it a shot after learning about it.
- a year of day trading and you think you are good......right.....go to forex and i'll be laughing at you in the poor house. FAR RISKER than what you are doing now.
- Forex trading is for institutions that are hedging. Most firms that want you to trade forex with them just want your commission dollars and fees for using their data. Be very, very wary. If you are doing well trading stocks then stick with that. Forex contracts often involve millions of dollars.
- Stocks are easy, forex takes more research and have more research involve else you lose money other than that, its a good way of making plenty of money
- If you want to see painfully honest opinions about the forex market, brokers, services, books etc. then I would recommend a free web site http://www.forexbastards.com.
- Forex is a highly liquid market, yes. It is also a very fast-moving market that is conducive to day-trading. However, it's a pretty complicated market to understand, there are a lot of crooks out there, and trading is often done on leverage, which means that a few mistakes can cause you to lose much more than you wagered originally even if you use stops. I've heard you can make good money in forex, but I would strongly suggest getting very educated about it before getting involved.
- Any new activity you do, you must first learn about it. Forex is a technical subject and subject to changes and plenty of factor influencing it. So take care. But it is worth it. so all the best.
- 1) Yes. (If you have at least $1,000,000.00 KWD) 2) Yes.
- I think its a fandamntastic idea, where else can you keep on wheeling and dealing 24 hours for 5 days in every week ( except for the weekends), there is always a market open, but keep on trading the majors the liquidity is there 'forever'
