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Is it possible to make money in the forex by opening a small account and working up?.?


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5 Responses to “Is it possible to make money in the forex by opening a small account and working up?.?”

  1. hey there,

    Yes, of course you can make money. Being a small player in the forex market, you're gonna have to 'ride the wave', so to say.

    In the forex market, information is your biggest resource. Watch out for any news that will influence the forex market as this market reacts violently to information.

    So, all I can say is follow the news, understand how it will affect a country's currency… any information.

    Hope you win.

  2. Xenon Element Says:
    December 29th, 2008 at 6:50 am

    It is possible to make money with any small account, but it is not possible to earn large profits with a small account.
    If you want to earn any profits securely and confidently, you have to follow risk management rules and discipline. Therefore, with a small account, if you want to include risk management, you won't make large profits.

    In the other hand, even if you ignore risk management and leverage rules and earn a large sum of profits with a small account, you are at a high risk of loosing it just like you earned it.
    So, here is the deal. If you're a beginner or you just want to learn Forex, start with a demo account and learn it practically. Later you may consider getting into real market with a small account having real money on it so that you can apply what you've learned during demo training.
    After passing these two steps, you can get into market with larger accounts more confidently and consider larger profits.

    P.S. Secure account growth in Forex would not exceed more than 10 percent of initial balance in a month. So if you hear anywhere that you can make any amounts more than 10 percent in a month, it is considered a high risk deal and I would not recommend anything like that. You may win 2 or 3 months but you are highly in danger of loosing it all in a few days.

  3. anything is possible, including losing every penny you invest - there are no guarantees of profits in any kind of investment

  4. Turn $6 into $60,000 in 90 days, GUARANTEED

    Postal lottery: Turn $6 into $60,000 in 90 days, GUARANTEED

    I found this in a news group and decided to try it. A little while back,
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    Step 1: Get 6 separate pieces of paper and write the following on each
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    PLEASE PUT ME ON YOUR MAILING LIST

    Now get 6 U.S. dollar bills and place ONE inside each of the 6 pieces of
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    Mail the 6 envelopes to the following addresses:

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    McKinney, TX 75069 USA

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    N.E. Jackson
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    Topeka, KS 66611

    R. ROBERT
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    Turn $6 into $60,000 in 90 days, GUARANTEED

    Postal lottery: Turn $6 into $60,000 in 90 days, GUARANTEED

  5. yes

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