Warren buffet = Stock market
Do you think 1 can become billionarie from forex?
Only wide/patience/intelligent/educative guessers and realistic thinkers answer, i kno its kinda asking a valuation of a company 50 yrs before is intervention, but THIS IS A CHALLENGE
Most Commented Posts
- August 8, 2008 -- Should "In God We Trust" Remain On American Currency? (41)
- February 26, 2009 -- Xtian: What right (specifically) would be violated by removing "In God We Trust" from US currency? (41)
- January 27, 2010 -- Do conservatives invest in gold because they have no faith in American currency? (37)
- November 24, 2008 -- Is “In God We Trust” on US currency a true statement? (35)
- January 3, 2009 -- Should the motto “In God We Trust” be removed from U.S. currency? ? (34)
- March 17, 2009 -- R&S what do you feel about "One nation under God" on US currency? (34)
- April 21, 2009 -- What would be the impact on American society if "In God We Trust" were removed from the currency? (34)
- May 7, 2008 -- Who else thinks that "in god we trust" should be removed from US currency? (33)
- January 9, 2009 -- Are coins and currency the same thing? (30)
- March 8, 2010 -- If your good looks were currency, what could you buy? (30)
This entry was posted
on Monday, June 23rd, 2008 at 12:24 pm and is filed under forex trading.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
June 23rd, 2008 at 12:24 pm
Forex moves much, much faster than the stock market does and actual trends one way or another are far, far more difficult to determine…Additionally, you'd have to be in a position to control at least one or more currencies in total that is 100% to be in that position…it's not likely that governments would allow you to get there. With all the adversity it's still possible…thought very, very unlikely. PEACE!
June 23rd, 2008 at 12:24 pm
Focus more on fundamentals than technical analysis. Economic news analysis is what moves the markets.
Here is a free site that shows what has happened after economic news releases:
http://www.forexnewspatterns.com
June 23rd, 2008 at 12:24 pm
Yes, George Soros has made 1 billion in one day with the Pound in 1992 so its been done before.
Can it be done now easily? No. Anyone who can afford one share in SPY and live for 200 years can become a billionaire in the stock market because all you need is time for money to compound. That is how Warren Buffett made his money and so did many little old ladies who knew nothing about stocks but held GE for 50 years.
FOREX is different. There is no compounding only trading. Currencies dont compound against one another. So you have to time and trade the market correctly to make money, you cant just lounge on the beach and let the magic work itself like in stocks(over the long run). Most people (esp economists) will tell you that this is straight up impossible although prob thousands of people do it for a living. This makes it SOOOO much more difficult that I would be surprised if there were more than 5 people who made over 1 billion just from FOREX.
June 23rd, 2008 at 12:24 pm
Yeah it has been done before but you need alot of capital to work with first.
This guy has made a ton of money from Forex and gives away his secrets, see here http://www.ihavetoadmit.com/forex_ebook.php
June 23rd, 2008 at 12:24 pm
Of course it's possible.
If you're interested here are reviews of the top 3 selling Forex trading systems: http://forex-tracer.the-perfect-solution.com/
Make an educated decision before spending!
June 23rd, 2008 at 12:24 pm
of course, you can. anything is possible these days. some of the questions could be, do you have the guts to do what it takes? do you have the the knowledge an experienced, expert forex trader has? do you have the funds needed for high stakes risk? if you don't have nay one of the questions above, register to this site and gain the knowledge you need to join the elite group of expert traders from one of the world leading forex trading site. good luck.
June 23rd, 2008 at 12:24 pm
View It Now FinanceExtends (dot) com
June 23rd, 2008 at 12:24 pm
View It Now FinanceExtends (dot) com
June 23rd, 2008 at 12:24 pm
I've tripled my account in 4 days. Also i killed my whole account down to the pennies in 3 weeks! So it goes both ways. I obviously dont recommend the trading that im doing but i think one just needs a system and stick with it. I found a system apparently works great as it sells a lot and gets pretty good reviews
Here it is:
http://forex-killerpipsreview.blogspot.com/2008/02/forex-killer-review.html
Hope it helps!
June 23rd, 2008 at 12:24 pm
Just use Etoro, its always been the best and still is the best. I wouldnt trust any of the new ones.
http://www.etoro.com/B32_A4731_TClick.aspx