Forex is money sucking machine?

[manish]

i don't think people need luck so much because a solid forex trader don't depend on it as their main skills.
luck will come unexpectedly but real trading skills are dependable. so we should only rely on our trading skills.

[sgoythale]

i agree with your opinion that in order to be rich in this business we must have a lot of skills and also a lot of experience
because this business requires strong mentality and strong determination also. but overall we must be prepared to stay in this
business for a long time if we want to achieve something big such as making a million dollar.

[manish]

trading everyday is also a good thing because there is always an opportunity to make money in this business everyday.
but to find those opportunity we must be patience and have a lot of skills because this is a tough business.

[sgoythale]

in my opinion people can only make money in this business when there is a trend that they can ride/bank on. and this is true
in all trading business such as in futures trading, and options trading. the thing that can help us to identify a trend is by using an indicator
or by using tools like fibonacci or trend lines, or patterns (western bar patterns or candlestick patterns).

[aruna]

there is no doubt that instaforex is a great broker because they also helped small traders like us by providing this kind of
forum that allows us to get information, education and also bonus that we can use as our trading capital.

[manish]

yeah... i also believe in the same thing. forex is risky for those who do not want to spend some time to learn and practice.
gamblers will also find this business as risky, but people with patience will emerge victorious in this business.

[aruna]

forex is a money making machine because for them this business is easy but for us the newbie and not professional
forex business is not yet a money making machine. we still need to endure hardship and lots of training to achieve success and make
this business as a money making machine.

[sgoythale]

forex is really the best internet business that i have come across in all my life surfing the internet and i think many
people on this forum also think about the same thing (have the same opinion with me). no other internet /online business can beat forex trading. period.

[manish]

for a new trader it is better to learn this forex trading business by becoming a part time trader first because new trader
obviously don't have what it takes to become a full time trader. so new traders must do it step by step.

[aruna]

i think the euro is heading down and it will still go down for some time. the price action on daily time frame reveals that this down trend will still continue. however, the price is slowly creeping up that is why seeking entry to sell must be done cautiously not to be trapped in early up trend move.