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How to make money from forex trading?

  1. Mamelody profile image60
    Mamelodyposted 7 years ago

    I would like to start trading in Forex but I'm pretty new to this industry so if anyone has any online broker they can refer me or any Forex program that actually works, I would appreciate it. I have put away some funds to help me start but I don't know how to go about it. Any expert advice or anyone that has experience I would very much like some help with this.

    Thanks.

    1. Misha profile image75
      Mishaposted 7 years ago

      Waiting for another mysterious hubber to show up with the link that solves your problem lol

      1. tantrum profile image59
        tantrumposted 7 years ago in reply to this

        LOL!

        1. Mamelody profile image60
          Mamelodyposted 7 years ago in reply to this

          I take it you too are obsessed with me.. poor souls you both are.

          1. tantrum profile image59
            tantrumposted 7 years ago in reply to this

            Very !
            I'm writing an essay on forum characters ! lol

            1. Mamelody profile image60
              Mamelodyposted 7 years ago in reply to this

              HAHAHAH now that's a funny one.. perhaps you'd like to schedule a one on one interview with me for a deeper analysis?

              1. tantrum profile image59
                tantrumposted 7 years ago in reply to this

                I'll let you interact a bit more and then we'll see.
                I'll let you know !

                lol

                1. Mamelody profile image60
                  Mamelodyposted 7 years ago in reply to this

                  ok mucho gracias smile

      2. Mamelody profile image60
        Mamelodyposted 7 years ago in reply to this

        You know your sarcasm doesnt really tickle my funny bone.. I honestly find you completely annoying and god knows why you love hopping in my posts so much

        1. Misha profile image75
          Mishaposted 7 years ago in reply to this

          Why don't you just leave then? wink

          1. Mamelody profile image60
            Mamelodyposted 7 years ago in reply to this

            Because I'm free to do as I please thank you.. You don't oen this place and you certainly don't intimidate me...

    2. skyfire profile image72
      skyfireposted 7 years ago

      Type " Forex trading" in search bar and you'll see eye opening hubs.

      Anyway, good luck. wink

    3. Mark Knowles profile image61
      Mark Knowlesposted 7 years ago

      LOL

      Somebody once said, "The truth is there are only THREE ways for one to make money online. You either start your own business by selling everyday products or become an affiliate of a reputable company or you can become a blogger or free lance writer." wink

    4. Has_aWayWithWords profile image80
      Has_aWayWithWordsposted 7 years ago

      LOL   well I hate to burst the bubble but forex in the US is going to be taking a big hit. They are cutting the leverages back because of so many people losing their a$$es by using the high leverages. People are finally starting to see that this is not a game, it is about the same as gambling. If it was that easy to make thousands or millions I am sure the economy wouldn't be where it is right now...lol

      1. Mamelody profile image60
        Mamelodyposted 7 years ago in reply to this

        Cheers for the info.. I do know its risky but for some reason I still want to give it a shot. I just want to avoid being part of the 95% of wannabe traders that don't make it in Forex.

        1. Mark Knowles profile image61
          Mark Knowlesposted 7 years ago in reply to this

          Well, if you are serious about it, I can help. Most traders lose money for a very good reason. When you say "put away some funds," - how much money are we talking about?

          1. Mamelody profile image60
            Mamelodyposted 7 years ago in reply to this

            About £300... but now I'm thinking of just going shopping! :LOL:

            1. Mark Knowles profile image61
              Mark Knowlesposted 7 years ago in reply to this

              £300? LOL

              Go shopping. wink

              1. Mamelody profile image60
                Mamelodyposted 7 years ago in reply to this

                what a splendid idea! smile want me to buy you anything?

        2. kkavya profile image60
          kkavyaposted 7 years ago in reply to this

          You got it wrong, its not 95% , its 99% people loosing in forex. They looses due to greed, hope and poor money management. You can easily be the one among them.
          Note few things first
          1. its not get rich quick thing
          2. Its very boring

          for first point, i will say don't risk too much. target 5-10% return per month
          for second point:  don't overtrade.

          Also u can join a chatroom consisting of forex traders like ircforex.com/chat

          there u can get better info

          1. Mamelody profile image60
            Mamelodyposted 7 years ago in reply to this

            I agree that it's boring but I've heard the 1% of people are making a killing with this so thought I'd be part of that. Thanks for the info

            1. kkavya profile image60
              kkavyaposted 7 years ago in reply to this

              Mind you, the group of winners and loosers decided from first trade itself, so better be prepared from demo accounts before real money trading.
              You need a system which will tell you when to enter and exit and good money management plan and discipline.

        3. oderog profile image42
          oderogposted 7 years ago in reply to this

          Actually in life only 10% will succeed in any field they have chosen or any business, let's take hubpages what percentage do you think is making monthly check? if more than 20% is anybody's guess. The 90% that does not earn will term it a scam. And also in forex market with it's volatility only 10% will be success. Since we want to become billionaires within the shortest time possible with little investment and effort, the law of accumulation does not allow and you will loose your money trading forex or any other business. Forex market works and it's take a lot of learning and having some discipline. Check on Alpari UK, They are one of the best brokers with small spread in some major currency

          Remember in forex once you loose your money, I will have it and in life when you don't have money somebody else has the money. Forex is not gambling and I wonder if they train people to gamble

    5. skyfire profile image72
      skyfireposted 7 years ago

      I have seen few affiliate marketing on DP/V7N selling Membership programs on learning forex trading. WTF, people are blind to buy those programs ? neutral

    6. tantrum profile image59
      tantrumposted 7 years ago

      De nada ! big_smile

    7. kkavya profile image60
      kkavyaposted 7 years ago

      micro lot brokers such as Oanda, Fxcm are there, so you don't need to trade standard lots.

    8. skyfire profile image72
      skyfireposted 7 years ago

      I don't know how much credible is babypips but check this page: http://www.babypips.com/school/the_skinny_on_forex.html

      1. kkavya profile image60
        kkavyaposted 7 years ago in reply to this

        i started with 2000$ on micro lot account first up.
        yes it should be above 1000$ atleast, unless u have a good system.

        1. skyfire profile image72
          skyfireposted 7 years ago in reply to this

          Just one question, how much you're earning with it ?

          1. kkavya profile image60
            kkavyaposted 7 years ago in reply to this

            depends on volatility, december was very slow and only got 5%.
            November brought a smile as dubai thing happened gave me 35% return, some months are good, some are breakeven and couple in losses too, on a long run, i am happy.

          2. Mamelody profile image60
            Mamelodyposted 7 years ago in reply to this

            I haven't started earing anything yet.. I'm trying out several demo accounts first. But thanks for the info.

            1. profile image0
              Home Girlposted 7 years ago in reply to this

              There are lots of more pleasant ways to burn  your money fast...

    9. profile image59
      Lorena09posted 6 years ago

      Nowadays UFXBank Forex trading becomes very popular due to this more and more people started to invest in Forex trading.In forex traders can make profits both on declining and developing economies. There are three indubitable principles that are the key to being successful in the forex market. They are mindset, risk management and strategies.

    10. giaodichforex profile image60
      giaodichforexposted 5 years ago

      learn forex, it is way to make money from forex

     
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