does anybody know something about FOREX is it save?
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This entry was posted on Friday, June 26th, 2009 at 3:27 am 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 26th, 2009 at 3:27 am
If you have to ask-no it is not for you.For very few people is it safe-then not really .You need experts to show you how otherwise I predict a disaster.One bet looks nearly safe-the USD in a few years will be very much lower.-gold will be up with silver also bouncing high.
June 26th, 2009 at 3:27 am
very very risky. Only for those with 10+ years active trading and investing
June 26th, 2009 at 3:27 am
Regarding the forex, you can find your entire information in:
http://aboutforextradingcrunch.blogspot.com/
June 26th, 2009 at 3:27 am
FOREX = Foreign Exchange
In simple words, buying and selling currency. eg: you are holding USD, and you plan to travel to UK, as such you are going to buy GBP.
June 26th, 2009 at 3:27 am
About as safe as attempting to cross a freeway blindfolded.
June 26th, 2009 at 3:27 am
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.
Forex is what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap . com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you.
I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
June 26th, 2009 at 3:27 am
No kind of investing is safe. And with forex, unless you are able and willing to put a few years of study in, and have an aptitude, you will loose money for sure. Most people lose trading forex. Nearly all novice traders loose in forex.
But there is another way which i have found. Using an EA, an autotrader. There are many out there if you search, beware of anything claiming returns like 30 to 90 % a month.
I am using an automatic trading system that has evolved from a signal service through people that I have known for about three years. You won't find it if you search for it. The robot is fairly new, although the
signal service has been going for a couple of years. The robot officially traded live, about the middle of last year. I have been using it this year and so far it has made over 40% profit. That is equity. So if you closed all trades that would be your profit. The back test for 2008 saw it return over 100%. It is not a one off purchase, it is a subscription through paypal of about 50 bucks a month. There is also a directional
robot option. The robot is an EA on metatrader 4. I have my trading platform on a server so I don't need to keep my PC on. The server cost me about 25 a month i think.
Anyway, as they say in the bullshit, this is the real deal… but really. There is a free demo… YES.. READ FREE!!! So you can try it on a demo account for absolutely nothing as long as you want, and only subscribe if your demo is making moola! The demo can only be used on a demo account. It will cost you nothing to try. Why wouldn't you?
Take care out there. The link to the site is: http://www.trendtrimmer.com/rep/blitz.html
June 26th, 2009 at 3:27 am
Nothing is safe, as we have recently learnt investing in blue chip stocks is not even as safe as they make you believe. Forex is a high risk high reward investment. Just like putting your money in a saving account is a low risk low reward scenario.
If you are looking to invest in the forex market make sure you do your home work. Get educated and begin with small amounts. With practice and perseverance you will learn to make consistent profits.