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How to make good money from forex online?

Discussion in 'General Business' started by tradester, Apr 12, 2011.

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  1. #1
    Read here quite a few people claiming that it is easy to make money from forex online.
    Would appreciate if someone who have made good profit (more than $2K per month) from forex share and give examples of good forex online sites and how to make money from it :D
     
    tradester, Apr 12, 2011 IP
  2. irule272

    irule272 Well-Known Member

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    #2
    I'm also interested on this. :)

    Anyone?
     
    irule272, Apr 12, 2011 IP
  3. MarTh-

    MarTh- Well-Known Member

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    #3
    There is a high pip spread in forex, research the carry trade which is like dividends in the stock market but with more leverage and possibly more volatility. Right now the AUDUSD is at all time highs so it may be over extended for long term investors to get in.
     
    MarTh-, Apr 12, 2011 IP
  4. Seqqa

    Seqqa Well-Known Member

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    #4
    If you believe that then you shouldn't be trading anything, period.
     
    Seqqa, Apr 13, 2011 IP
  5. mikey1090

    mikey1090 Moderator Staff

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    #5
    Probably the easiest way to lose money online, aside from gambling.
     
    mikey1090, Apr 13, 2011 IP
  6. tradester

    tradester Well-Known Member

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    #6
    No I don't believe that yet. Which is why I am posting to ask opinions.

    Yes I think so also like the old adage "If it is too good to be true, it probably is !" :)
     
    tradester, Apr 13, 2011 IP
  7. suneesh007

    suneesh007 Member

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    #7
    as far as my knowledge is correct,practising in demo account is the key to make good money in forex.
     
    suneesh007, Apr 13, 2011 IP
  8. Wulkanen

    Wulkanen Well-Known Member

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    #8
    Forex is not something you just "do" to make money. It requires a lot of knowledge and even more experience.
    Try signing up for a demo account at a site like eToro or something and after a few months of studying you should
    try to get in touch with a professional.
     
    Wulkanen, Apr 13, 2011 IP
  9. Seqqa

    Seqqa Well-Known Member

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    #9
    We talking about 3 years learning economic theory, inflation and interest rates etc. There's a lot to learn before you ever pull a trade.
     
    Seqqa, Apr 13, 2011 IP
  10. ApocalypseXL

    ApocalypseXL Notable Member

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    #10
    Forex has the biggest volatility of all markets and absolutely no rules - I'd say gambling is safer .
     
    ApocalypseXL, Apr 13, 2011 IP
  11. c4cyber

    c4cyber Well-Known Member

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    #11
    Forex, trading, shares are risky stuff. With little luck and lots of understanding of market, you can earn alot. People have earn millions of forex trading. My bro's frnd's uncle build a huge house just from it.
     
    c4cyber, Apr 15, 2011 IP
  12. w3bmaster

    w3bmaster Notable Member

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    #12
    Before risking loosing a lot of money

    Learn Read Learn Read ...
     
    w3bmaster, Apr 15, 2011 IP
  13. leakhna

    leakhna Peon

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    #13
    You must learn the basic concept and then study more on the specific FOREX. You should not invest money which you can't afford to lose.
     
    leakhna, Apr 15, 2011 IP
  14. andyelle1

    andyelle1 Member

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    #14
    When learning how to trade forex you should the smallest leverage. Small leverage = less risk and less profits. Big leverage = big profits and big losses. If you know nothing about trading forex, you are guaranteed to loose money trading forex.
     
    andyelle1, Apr 16, 2011 IP
  15. Mileycasc

    Mileycasc Peon

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    #15
    Ya i lost my 10k's of dollar on forex...

    but its a GaMe of luck.

    When u Earn u Get all or otherwise u are on Road.
     
    Mileycasc, Apr 16, 2011 IP
  16. Seqqa

    Seqqa Well-Known Member

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    #16
    Most brokers aren't in fact real brokers there's running as if they're spread betting companies and most of the time betting against you. Given enough time 9 out of 10 people will lose their entire account, or make some kind of loss. Only 10% go onto making long term profits, which is why the Forex business is so profitable for the so called broker.
     
    Seqqa, Apr 17, 2011 IP
  17. ||||||

    |||||| Peon

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    #17
    the best way to know if a broker is real or not is to look for its license. Brokers are regulated based on country theyre operate at.
    Some example of regulatory body:
    Australia- ASIC
    Canada-OSC
    Denmark-DFSA
    Germany-BAFIN
    Japan-FSA
    Switzerland-GSCGI Polyreg OAR-G ARIF CFB SFDF
    United Kingdom-FSA
    United States-SEC, CFTC, NFA
     
    ||||||, Jan 9, 2012 IP
  18. Sam Gilmore

    Sam Gilmore Peon

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    #18
    Good article, thanks. Read it with interest and used in my project.
     
    Sam Gilmore, Jan 17, 2012 IP
  19. infobanc

    infobanc Greenhorn

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    #19
    Money mountain In the forex market, you buy or sell currencies. Placing a trade in the foreign exchange market.
     
    infobanc, Jan 17, 2012 IP
  20. CheapSEO

    CheapSEO Guest

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    #20
    There are two ways. Affiliate and agent.
    Now you have to decide, what would you like? agent or affiliate. I tell you both ways are hard, but full of lots of money.
     
    CheapSEO, Jan 17, 2012 IP
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