Is Forex, a quick way to make money.

[harddisk]

well yes i have not been across such a trader as of yet, but i will really be glad if i meet one coz that trader can really teach a big deal in terms of maintaning a steady trade in even bad market times and coming up with good fortune, so he will have something terrific to share offcourse!

---------- Post added at 12:28 PM ---------- Previous post was at 12:08 PM ----------

to make forex for a living is a very tuff job, although there are few house wives who follow it and make a little money to support their families but not whole some coz forex is a changing type of business coz you can never predict anything accurately here, and about the time period then i will say that u better spend a quiet some time in forex trade which can be long enough to educate you abt it and also to get all possible ways to get 99% accuracy and then you may think but if you ask me then i will say that it is very rare fact to hear someone saying that his family is being run with the help of forex.

---------- Post added at 12:58 PM ---------- Previous post was at 12:28 PM ----------

orex can make a living only if it can bring food to the table and run the house, and frankly speeking i have never heard anyone till now who claims that he is running his house with forex income, many ppl take forex as a part time income source, even if you make perfect income in a month you can never guarantee that it will be same the next month so to rely on forex as a living is a very risky and also a bit unachievable thing.

[harddisk]

yes most of the new ppl who come to forex either learn about it from their friends or colleagues, and it is very good to know that you are learning a lot from you friend about the trade and also grasping a lot of knowledge about the trade, and it is very impressive to know that you have descipline related to you r money management and also emotions coz most of the ew ppl will only get basics and jump into forex which is wrong and alo the main reason for their looses.

---------- Post added at 12:56 PM ---------- Previous post was at 12:26 PM ----------

it is very good that you are constantly in touch with your friend to learn forex and get strategies that your friend might be following coz i believe that forex can be well understood along with a mentor who can be ur frined or any senior member on any forum coz even reading can get you knowledge in forex but when the same thing is explained by a friend in the way that you understand the most then it is very benifitable for you.

[harddisk]

a hero is a person who will look at forex with a view to gain knowledge about the trade and business and will never leave an empty window in the learning and getting experience part of this trade, and vice versa a zero will be the one who will just know things like buy and sell and jump into the live a/c to try his luck and believe his 6th sence.

[harddisk]

yes even i think that age is not a factor in forex coz even someone who is 15 can join this trade, yes it is the rule that abides us, but even a smart and desciplined 15 year old along with some adult guidance can get into forex and be good, and also same goes for an senior citizen who can sit back and trade for some time to make little profit's at time's.

[harddisk]

yes not just in forex but descipline is very important factor that we need to follow in all streams of life and where we follow desciplines we always come out with good outcomes so the same stays in forex that if we get out of our irrational thoughts and feelings and also follow perfect trade descipline then we can always be sucessful.

---------- Post added at 12:54 PM ---------- Previous post was at 12:21 PM ----------

if we follow descipline in forex trade only then we can get successful in it, descipline can be of every type starting from money management to even getting control on once senceless thoughts and expectation's, a well desciplined trade is always bought to be in good way and also profitable.

[harddisk]

haan apne sahi kaha ki forex mein koi nahi hota hame dictate karne aur isme haam part time bhi trade kar sakte hai aur full time bhi joh hamare upar depend karta hai, aur jyada toh nahi par adequate profit forex se nikalna possible aur easy bhi hai.

---------- Post added at 12:54 PM ---------- Previous post was at 12:51 PM ----------

in forex trade you can get ur returns very easily as compared to other businesses, in forex many traders invest money out of which many make profits and also many loose, it is like a big platform for trading, also in forex we can trade buy as well as sell so you can trade both ways and also with a guarantee of returns it is quiet popular.

[harddisk]

yes if a person has spent enough time on a demo a/c and has all the knowledge required to trade with consistent profit by his strategy then he will sure not fear of loss and will always be confident in what he does in forex.

---------- Post added at 12:53 PM ---------- Previous post was at 12:47 PM ----------

yes the feeling of having a hreat strategy will make me feel like hitting higher target but for that i even need to trade in big lots and offcourse when i have a experience of how miserable a trade can go with high lots then i might just stick to possible profit's.

[harddisk]

bilkul sahi kaha ki sirf buy aur sell ki knowledge le kar forex shuru karenge toh pachtaenge isliye ame kafi samay bitana chahiye forex mein use samhajne aur sab kuch sikh jane tabhi haam isse fayda bana sakte hai, agar aap paisa ka mol jante ho aur money management follow karte hai aur emotion's controll toh fir risk factor bhi kaam ho jata hai, haan forex se kai log hai joh ghar baith kar acha mol kama late hai aur young log isse acha pocket money bhi kama lete hai, isse yehio pata chalta hai ki sahi samhaj ke sath aur akkal ke sath forex se paisa kamaya ja sakta hai.

---------- Post added at 12:44 PM ---------- Previous post was at 12:27 PM ----------

yep new members in this trade should always keep on learning about forex trade and keep on searching for winning strategies, offcourse do spend a lot of time on demo and you will be half the way prepared for it and yeah you are right there that do expect the unexpected coz you do not control the trade and the market.,

---------- Post added at 12:52 PM ---------- Previous post was at 12:44 PM ----------

yes it is true that in business a small risk is bought to be taken in order to gain experience as well as even test ourselves to certain limit's, it is not necessary that the risk has to be big and also that the risk has to be bad coz with proper steps and technique things can turn out to be quiet pretty in the end.

[harddisk]

offcourse forex needs parameters to support it for a good return, if we just look at the chart and try to make out if to buy or sell then we will ultimately suffer loss for sure, forex has some of the best parameter which can be a lot usefull to even predict the entry as well as the exit point but even personal touch is important.

---------- Post added at 12:39 PM ---------- Previous post was at 12:30 PM ----------

yes perfectly true that one can imagine and desire to be a millionare with forex and that is due to the rumours and also mis-understanding of traders, actually if they go to see clearly then they will get to know that becoming millionare is not possible and also making money over night is also not at all possible, and also such rumours and stories make traders go big with lot sizes which results in loss!

---------- Post added at 12:51 PM ---------- Previous post was at 12:39 PM ----------

yes with perfect knowledge and skill forex can be an adequate money making machine but with lack of skill and understanding it can be a disaster machine too of loss.

[harddisk]

well even the best and old forex trader has a little bit fear in him coz after all money is at stake so he cant be that cool, time will make him a bit calm and relaxed with experience but still when money is at stake then even he has to keep a little bit of fear in him till he pulls out that money safely from the trade.