How to make money from forex trading?

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   Mamelodyposted 14 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.

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2. 63

   Mishaposted 14 years ago

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

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      tantrumposted 14 years agoin reply to this

      LOL!

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         Mamelodyposted 14 years agoin reply to this

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

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            tantrumposted 14 years agoin reply to this

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

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               Mamelodyposted 14 years agoin 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?

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                  tantrumposted 14 years agoin reply to this

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

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                     Mamelodyposted 14 years agoin reply to this

                     ok mucho gracias

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   2. 61

      Mamelodyposted 14 years agoin 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

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         Mishaposted 14 years agoin reply to this

         Why don't you just leave then?

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            Mamelodyposted 14 years agoin 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...

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   skyfireposted 14 years ago

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

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   Mark Knowlesposted 14 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."

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   Has_aWayWithWordsposted 14 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

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   1. 61

      Mamelodyposted 14 years agoin 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.

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      1. 59

         Mark Knowlesposted 14 years agoin 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?

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            Mamelodyposted 14 years agoin reply to this

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

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               Mark Knowlesposted 14 years agoin reply to this

               £300? LOL
               
               Go shopping.

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                  Mamelodyposted 14 years agoin reply to this

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

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         kkavyaposted 14 years agoin 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

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         1. 61

            Mamelodyposted 14 years agoin 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

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               kkavyaposted 14 years agoin 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.

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         oderogposted 14 years agoin 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

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   skyfireposted 14 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 ?

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   tantrumposted 14 years ago

   De nada !

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8. 58

   kkavyaposted 14 years ago

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

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   skyfireposted 14 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
   
   

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      kkavyaposted 14 years agoin 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.

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         skyfireposted 14 years agoin reply to this

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

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            kkavyaposted 14 years agoin 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.

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            Mamelodyposted 14 years agoin reply to this

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

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               Home Girlposted 14 years agoin reply to this

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

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    Lorena09posted 13 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.

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    giaodichforexposted 12 years ago

    learn forex, it is way to make money from forex

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