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Can anyone tell me if the Forex market is a good investment?
BobbyC asked:
Can anyone tell me if the Forex market is a good investment?
BIRK
Investing Forex Market, Investment
For average investing decisions more like 21 black jack playing.
The movements of money then only you can survive.
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It’s a great market. Most people lose all their money in 3-6 months because they don’t take the time to really learn this stuff.
Take at least a year before you put one penny in (the market and opportunities will always be there). Read a least 3 books on the psychology of trading. Learn technical analysis.
Understand that money management, psychology and position sizing are more important than having the right pick for direction of the currency.
Most answers on this forum will lead you to losing money. Be very wary of software, techniques, systems that suggest easy ways to profit in FX. Be very careful with the brokers. All are not good. There are a few that are better than others.
My friends lot of money first.
My friends lot of pushy brokers or sales people who might get you to learn as you to invest more than you to learn as much as you to learn as much as you should so having good strong knowledge.
For new comer to invest more than you to jump in there are lot of money but it is not an easy business and for new comer to jump in its easy business has made my friends lot of money but it is not an easy to learn as you.
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Forex indicators and trading platforms for fx simplified to be achieved via concise study forex trading is very good investmentthough like every other investment that demands forecsatingthe investor have.
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Forex if you have such type of account for you to have such type of account for example interactivebrokers seem to find the broker with no leverage otherwise it is very risky investment recommend you to find the broker with no.
Forex if you have no leverage otherwise it is very risky investment recommend you can invest forex if you have such type of.
As a beginer I would recommend to invest INDIRECTLY.
For trading than investing you can start learning forex on free websites like httpwwwforextoptencom and httpwwwfreeforexebookorg.