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Forex Trading email this discussion to a friend?

ajayrekha (33)   ranked 4,162 out of 14,752 in make extra money1 week ago

I could find a legimate way of making money on internet. Its Trading.....Forex Trading. I trade XAG/USD i.e. I buy and sell silver in exchange of US Dollar. I could do so I had a previous experience of trading equities. I think one can plan to earn his bread by this.

If you really want to make money to earn your bread, you cannot rely on free options, they are good for side income only and ofcourse mylot is one of them.

But I love trading. If you treat it as a business and study it good, do your home work, put a right amount of money, make your own stat instead of depending on other, you can really make a good amount of money.

Remember this is the only business where you dont need a office, employees, overheads like telephone, electricity, water, no marketing is required, u will always get a deal of market price, no negotiations, no marketing, flexy hours, boss of your own. You can increase your turnover by putting money and get more profits. You can always increase your product range by start trading new components like gold, copper, euros etc.

Only this is you have to come out of mentally that trading has risks involved with it.

Remember risk is involved with every business and every job. Just treat trading like business and feel pride in having your own business.

 
 
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frontier2002 (306) response was accepted on 5/11/2008.
denotes best response.
tags:  forex, make money, trading, silver, high risk
 
1. myLot reputation of 87/100. frontier2002 (306)   ranked 6,121 out of 14,752 in make extra money   7 days ago

Yes! Forex trading is indeed a good way to make money without all the hard work that you find in the work place. However of course the risk is really can make your head cracking or getting yourself annoying for a week thinking of big losses.

I have been trading for two years now but to say that i am good in currency trading actually way too far off my expectation. I found out that indeed the forex really is somehow almost unpredictable especially when you are playing your money on the short-term trading i.e. 5 minutes.

There are so many things unknown to us and of course very well known to the big organization as they have the tools and expertise to analyze the market in details.

The fundamental aspects of the trade always kill my profits and turn them to huge losses. I have very limited idea how to solve the fundamental problems as they are highly unpredictable. No matter what figures come out still there is no clear direction of where the market will be heading to.

Therefore in my opinion whatever homework that you have done in forex or no matter how much you study them. The only solution is to accept losses and move on. So keep the stop losses within reasonable target to allow your heart to forget them quickly. That's all my advice to new forex traders.

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2. myLot reputation of 55/100. killer_s (106)   ranked 3,518 out of 14,752 in make extra money   6 days ago

i agree with you. i also interesting to forex trading. i still learn about forex and prepare myself to face the risk. i hope you can share your experience and several tips for me:D


ajayrekha (33)   ranked 4,162 out of 14,752 in make extra money  6 days ago

I suggest you to read babypips.com to sharpen your forex skill. Keep an eye on events on big events in fxstreet.com and better trade metals then forex. If you keep a margin for a downfall of 50% of the metal value I thinks you will never receive a margin call and will gain a smooth income monthly.


ajayrekha (33)   ranked 4,162 out of 14,752 in make extra money  6 days ago

Sorry I missed a couple of points. Dont evern go with mini accounts. Choose a broker like oanda.com. You will succeed.
Bye

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