who has had any experiences trading currencies on Forex Curreny exchange?
I am interested in entering the currency exchange market and would like to know whether or not forex is a genuine trader or just another scam
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Tagged with: Currencies • currency exchange • curreny • curreny exchange • exchange market • experiences • Forex Questions • market • scam • trader
Filed under: Trading Forex
Currency trading is not a scam. But there are many people or syndicates out there trying to currency trading to scam novice. Here is an article about it:
http://www.forex2u.com/guide/forex-newbie/3/is-forex-trading-a-scam/
Personally, I am a forex trader. I have been trading forex for years.
Hi Emma,
If you are a beginner and you want to start trading Forex, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.
Marketiva gives you 5$ real to start trading so you don’t have to deposit and if you made profit from it you can cash out, this is why it’s very good for beginners. Their platform is very easy to use and they have support during trading hours.
To open your account please visit http://www.marketiva.com/index.ncre?gid=3371
Forex is for real… It’s not a scam.
Most FX brokers are poor or worse. Be careful selecting one.
95% of new Forex traders fail to make consistant profits. A good portion of them wipe out their accounts.
Five or more years of equity trading can be helpful… especially if you’ve developed good Technical Analysis along with great money management skills. Without good money management skills…. don’t even bother trying.
To answer your question
Forex trading is not scam.
you can start with http://www.forexfactory.com/
Hello,
Forex is for real and it is not a scam. Visit some reputable sites such as Oanda for example and you will see that it is all real and you can make money there but you can also lose, just like in any other trading.
Before you start however, make sure you are well prepared and know how it all works.
Forex is a legitimate and potentially profitable market.
Unfortunately, it is as easy to begin trading in the Forex market as it is to sit down at a blackjack table. Many new traders jump in feet first without learning the basics of trading Forex, proper risk management techniques, proper money management tactics and an effective way to eliminate the impact of human emotions when trading.
As was mentioned before, one should definitely get educated about the risks and dangers of the market before trading with real monies.
I have two suggestions for you.
You can get very good free forex training at http://www.babypips.com.
Second, rather than listen to other folks here tell you what can and cannot be done in the Forex market … do some research on people that have actually had some degree of success and learn the systems that they used to achieve it.
There is a very interesting Forex competition held a few times a year. It is called the Surefire Trading Challenge.
The last competition drew 2573 competitors. Those that trade with real money can win the $5000 top prize for the best performance. Those that trade with a free demo account can win $1000.
The results of the top 25 are posted but the best part is that the competitors agree to share the their systems, step-by-step if they are one of the top 6 competitors.
All results are validated.
I found this to be extremely helpful in fine tuning my own trading techniques and strategies.
It is better to learn from those that can show you what they have done and how they did it rather than listen to folks that say "it can’t be done".
Study hard. Learn from those that have succeeded. Proceed cautiously. Enjoy success!
Paul
Secrets From The Heart has reduced risk Expert Advisors, custom programming and a FREE margin calculator. Check it out.
My friend,
I would suggest you to start with demo trading with some good broker so that when you are comfortable you than switch to Live trading account.
Free FOREX education usually comes in disarray and I think should have an order of preference in the rank of; introduction to foreign exchange trading, definition of terms, types of analysis, in-depth of types of analysis, money management, development of trading strategies and a clear guide towards introduction to trading on demo accounts as this would boost the confidence towards live trading.
You can get free FOREX education online in e-book formats, web contents, blog contents etc. This would help you a lot as this could really build you towards becoming a successful FOREX trader.
Of course it is a genuine market! Even government trade forex!
http://www.forextradingco.com
Forex is definitely not a scam! It is a little hard to learn in the beginning but it is well worth the time. What other method is there in the world that can allow a common person to start trading with only a few dollars and take that to literally thousands of dollars as long as the trading is successful? And to make it easy, most brokers offer free demo accounts so you can practice and learn trading. Forex is perfectly legal too. Forexeasynow.com makes it very easy because they actually have a mathematical equation to use for predicting Forex. I would suggest you look into them.