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Thread: Forex Trading

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    Elbert is offline IM & SEO Quiet One Elbert is on a distinguished road
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    Forex Trading

    I think Forex trading is the only an international business in which a middle class person take part.....in fact this business is revolutionized by middle class society and you can see this business has become the largest business of the world now....what does it mean? It means if we involve the middle class in every sector of business and government all theses sectors will be radically undergoes a change which can perfect all the issues of the world.

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    In other words, "Forex trading the the quickest way to get rid of your savings".

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    Quote Originally Posted by Riba View Post
    In other words, "Forex trading the the quickest way to get rid of your savings".
    I'm sure some people can make money from it
    Get ideas about making cash on the net at money forum
    Need hosting?Read hosting reviews

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    I have never really looked at all the adverts I see online for forex trading. I don't even like playing with investments in companies nowdays. Truth be told though, I don't really know a lot about it all, and I think that is what scares me. Can you explain how the whole Forex thing works? It would help me understand it better.
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    Quote Originally Posted by Phoenyx View Post
    I have never really looked at all the adverts I see online for forex trading. I don't even like playing with investments in companies nowdays. Truth be told though, I don't really know a lot about it all, and I think that is what scares me. Can you explain how the whole Forex thing works? It would help me understand it better.
    It is a same as a stock market, only here you trade money for money(currency for currency).
    So lets say you trade dollars/euros you want to buy low and sell high....
    All that trading platforms give you leverage(multiply your money), so if you invest lets say $1.000 they give you leverage from 100 to 400 as far as I know,
    so in the end you are not trading with $1.000 you now have $1.000 x 400 = $400.000
    Leverage is great if you are in profit, you can make some serious money, but also is bad if you are loosing, because you will loose your money in no-time

    They have demo accounts, so you can play with unreal money in real time trading.
    I have only tried demo, never invested real money.
    I suggest to everyone that you don't invest your real money if you don't know what you are doing,
    also invest amount that you are prepare to lose.

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    mmm It sounds a bit risky and not something a person should play around with lightly. If you lose the $1.000 you invested, do you have to pay back the leverage as well?
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    Quote Originally Posted by Phoenyx View Post
    mmm It sounds a bit risky and not something a person should play around with lightly. If you lose the $1.000 you invested, do you have to pay back the leverage as well?

    No, no, just your $1.000

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    Quote Originally Posted by Nemanja View Post
    No, no, just your $1.000
    That's a relief. I mean can you imagine if you had to pay it all back? My dad used to dabble in investments and such when I was a child. I thought it was all rather risky, but he had a team of advisors and even an accountant to make sure it all went smoothly. Would you need any of these working with Forex?
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    Quote Originally Posted by Phoenyx View Post
    That's a relief. I mean can you imagine if you had to pay it all back? My dad used to dabble in investments and such when I was a child. I thought it was all rather risky, but he had a team of advisors and even an accountant to make sure it all went smoothly. Would you need any of these working with Forex?
    No, it is a peace of software and you play with it at home or work...

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    Quote Originally Posted by Nemanja View Post
    No, it is a peace of software and you play with it at home or work...
    Ah cool. So it would be less complicated because you don't have a team of advisors clamoring at you, but at th same time, the whole money trading thing is still complicated..... This is why I don't like playing with money.... I don't even gamble
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    Forex is also a zero sum game. Much like having a table of 5 poker players. Each tosses in $50. The max that table can have is $250. One person might have $250, 5 might have $50 or 2 might have $125 but it will never exceed the $250 starting pot. Thus when you make a trade in forex you're trading with someone else. You think it goes up, they think it goes down and one of you wins, the other loses, and the trading company collects a small fee on the side.

    Companies create value and stocks can go up or down and aren't a zero sum game.

    In general, be careful with Forex. If you have no idea what you're doing, you're likely to be on the wrong side of the trade.

    Stocks don't require a lot of investment knowledge. An ultra simple system is to buy companies you like and you would sell a product for and you would do business with for 100 years. Without knowing anything else, you'll probably do decently well, without needing any team helping you.

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    FOREX is pretty risky than stock market. Like some elements you can't control at all or you dont get pre warning. Just like when that Tsunami hit it pretty badly effected their currency which is yen. You might be an expert but you can't predict or control these variables.

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    one person I know started forex business online and lost $2500+ within a month. But I heard many successful stories too.

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    Ok that does it. I'm starting a Forum Topic about Weight-Loss Programs and Cheap Viagra

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    Quote Originally Posted by macgizmoguy View Post
    Ok that does it. I'm starting a Forum Topic about Weight-Loss Programs and Cheap Viagra
    lol. how is that related to this thread?

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    Quote Originally Posted by bluearrow View Post
    FOREX is pretty risky than stock market. Like some elements you can't control at all or you dont get pre warning. Just like when that Tsunami hit it pretty badly effected their currency which is yen. You might be an expert but you can't predict or control these variables.
    yea, its risky, but also a great way to become rich quickly

  20. #17
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    It still seems a lot like gambling. Risk doesn't begin to cover it when you think about how many people could become addicted to trading, like gambling, and end up destroying their lives because they cannot control themselves.
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    I reccomend You firstly play in forex based online games - first learn how it works - then go risk real money

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    Quote Originally Posted by stronywwwlublin View Post
    I reccomend You firstly play in forex based online games - first learn how it works - then go risk real money
    i never get a chance to try forex trading because friend of mine lost money too much due to 'over confident'. Kind of risky, you just need to be brave to deal for trade.. some sort of money making system
    Addicted to IM

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    Quote Originally Posted by morganfieldwueq View Post
    I'm sure some people can make money from it

    Maybe I highely doubt it I bet it's pretty hard to earn some decent money from them.. It might off in the long run but ti's highly doubtful.


 

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