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trading forex

  1. efeguy profile image44
    efeguyposted 8 years ago

    There are so many that call themselves forex gurus,that tell you about the green and red light,waiting for signals etc,but friends you can be a guru as well,while not put in sometime to study all about the forex market,i mean both the fundamental and technical analysis of the forex market.forex trade is more than a green and red light signal,its real event that move the market and not some gurus signals.yes there might be gurus but all am saying is that you can be a guru as well.

      Dont just rush into the trade because you see others benefiting from it,make sure you learn everything about the trade before you venture investing your hard earn money.

    An advice for all forex trader

  2. profile image46
    mjbarotposted 8 years ago

    Nice Hub

    1. efeguy profile image44
      efeguyposted 8 years agoin reply to this

      thanks and make sure you trade wisely.you can see my hubs about forex tarde in my hubpage

  3. easyspeak profile image72
    easyspeakposted 8 years ago

    Good thought!

    I advocate getting a free forex demo account first to practice. Everyone should have their own trading system that they are comfortable with, although basic fundamental and technical analysis should be a part of it.

    1. efeguy profile image44
      efeguyposted 8 years agoin reply to this

      thanks for your views,only the disciplined trader wins

  4. NewHorizons profile image82
    NewHorizonsposted 8 years ago

    Hi efeguy,

    I was reading about a Forexrobot, one that does trading for you automatically.  Do you believe in such software?

    1. efeguy profile image44
      efeguyposted 8 years agoin reply to this

      no i don't.ps don't rely on then.

      the forex market is control my real life event,so i don't think any robot can work that

      see my hub page and read my hubs on forex trade.it will help you

  5. jmysuits profile image60
    jmysuitsposted 8 years ago

    Those robots don't work at all. This is a market driven by humans. Human actions and reactions. No computer program I know can predict and fully understand how a person trades.Just my take on it.

    1. efeguy profile image44
      efeguyposted 8 years agoin reply to this

      excellent view jmysuits.

  6. traderx profile image60
    traderxposted 7 years ago

    Well, the robots they sell on the internet for 100 bucks sure don't work.  In fact most of them are 100% junk not even programmed by anyone who trades forex.  Give me 5 or 10 minutes I can create the same BS equity curves they do by shooting for a 2 pip profit with a 25 pip or 50 pip loss.  If they were that good you could just take 1k and in 1 year literally have 500k.  If you had that tool, would you sell it for 100 bucks, 500 bucks?  hell no.

  7. profile image49
    probafixposted 7 years ago

    Trading in forex is not a easy job. but you can earn with wisely.

  8. profile image48
    Lorena09posted 7 years ago

    For Forex trading it is very important that you try to understand the working and functioning of the Forex. Have control on your investment is very necessary in forex trading.

    1. dfanto profile image56
      dfantoposted 7 years agoin reply to this

      Success in  forex trading depend on your trading system and money management, also your broker if you use automated trading system

  9. balthasarcontent profile image56
    balthasarcontentposted 7 years ago

    The robots would perhaps work if the market didn't change, but the nature of the beast is that it does.  All systems will eventually fail unless you tweak them to roll with those changes.  Nothing is 100% mechanical; markets are dynamic entities.  So should you be.  Do the hard work and learn to be adaptive.

  10. profile image48
    Lorena09posted 7 years ago

    Forex is large financial and highly profitable market but it could be difficult when you do not have the correct skills. For constantly make money on Forex you need to follow three principles they are mindset, risk management and strategies.

    1. profile image46
      unwar42posted 7 years agoin reply to this

      i am a new comer in forex trading....i am now under trial of a dummy account...looks ok but needed more advice and tools from you..maybe..

  11. profile image0
    Richard Stephenposted 7 years ago

    I wholeheartedly agree.  The Forex market is highly volatile and the dynamics are complicated.  It also relies on a high degree of leverage that, while making big profits possible, also makes it much easier to lose your shirt.

    It takes a lot of study and practice to be successful.  Relying on robot programs is not advisable, especially if you don't understand the fundamentals of how the currency exchange works and moves.  In general, if you don't understand that, then you can't understand how the software works and why would anyone trust their money to something they don't understand.

    The Forex market and the lure of quick riches sounds appealling but the reality is that Forex trading isn't for most people.  You must have a high tolerance for risk and have money you are able to lose because you are likely to operate in the red for a while before you start making money.