Forex Trading - Opinion Please
Recently, I really thought of joining these Forex Trading Online. However, a quick Google and I really see so many writings on scams etc. Therefore, here are my questions:
1. Is there any recommended Forex Trading Online company I should look up for?
2. Is it worth Forex-ing online? I am planning to go on small first before going on something bigger if time permits.
3. Any past experience with such before?
No, Never go close to it. Even gambling is better than this. This is totally corrupt idea and will make you cry.
I have it direct from the owner of a Forex trading company that Forex is a completely dishonest form of investing at its best. He traps rich individuals for legal gambling and takes them on a joy ride until they lose, and he collects profits on every trade.
Forex adds no value to society. It is simply swapping money, and the traders make money whether their clients win or lose. In this sense, a forex trader is exactly like a casino, money is moving around, the house takes its share, and the house always wins, nothing more, nothing less.
Big companies gain on forex due to the large sums involved and their ability to forecast economic and market conditions. Rich people suffer in it through using it to hide what is really a gambling addiction. People without millions of dollars to safely invest are simply marks (targets of con men) being taken for their money.
If you were thinking of Forex investing, find better investments. If you were thinking of becoming a Forex trader, please do something with your life that is valuable to the world.
Nicregi, you are welcome, and thank you for the "best answer" rating. I hope you find a wonderful, creative way to make money making the world a better place.
Do not do this scam, trust me. If you want to invest do not use them.
trading forex or binary options is a viable way of speculating financial markets. It is not a form of investing and comes with high risk. If you are interested in learning to trade and speculate binary options may be a better choice for you. I have written many hubs on binary options, binary options regulation and how to choose a good broker. Please check them out and let me know if you have any more questions.
I am not sure if there is a single company named Forex Trading Online. If there is one, I am not aware of its legitimacy.
For business people, forex trading online is an activity of buying and selling stocks on-line. There are many companies that are doing legitimate business on foreign exchange ("for ex").
Do your research carefully. Do you want to play with stocks? with bonds? with currency? with options? There are many forex products that you can choose from.
Your plan to start small is absolutely right. Read articles & business books to understand the complexity of this industry.
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