I am looking into some different options to invest some …property, maybe a forex account (i know, risky) already have the 401k and regular account with some and .

 

  • Paul U 5:10 pm on February 27, 2010

    Unfortunately, some people have evidently had poor results with their previous Forex experiences.

    One of the major problems with the Forex market is that it is so easy to open a brokerage account and start trading. Many times people will enter trades before they even have a basic understanding of market risks, money management principles, conservative strategies which mitigate risks and geopolitical influences upon the market.

    The smart move would be to open a demo account or two and practice trading, studying and understanding the market before putting any of one’s hard earned money at risk. But evidently that isn’t exciting enough and some people are in a rush to lose their money. Then they have the lunacy of somehow blaming their losses on the Forex market.

    There is $3 trillion per day traded in the forex market. It is the largest financial market in the world. Why would anyone think that no one can make money in the Forex market?

    All the traders that I associate with do quite well investing in the Forex market. Perhaps we are doing something wrong.

    My guidance to you is to take your time. Learn some various investment strategies. Practice with a demo account or two. There is no need to risk any money until you are comfortable with your Forex experience.

  • bob shark 5:10 pm on February 27, 2010

    Very few people make money consistantly on Forex.
    My advice is to stay away from, Forex, Options and Futures.

  • enoriverbend 5:10 pm on February 27, 2010

    Great way to lose money fast. Was that the intent? Anyway, even the 0.05% of successful forex players are speculators, not investors. Just save yourself trouble and head out to Vegas with a bundle of money — the girls are prettier than in Forex, and there’s free drinks, and you’ll lose the money approximately as fast but with more fun.

  • tonatiuh 5:10 pm on February 27, 2010

    Forex is a good way to invest money. If other people didn’t have good results it’s because they weren’t given previous information and training. Forex is very big and there are many brokers working under this name but the companies have other names. For example, Finanzas Forex is very good and there are virtual conferences alive where you can participate with people from different countries. I’m sure you’ll like it very much! I’m a member and everything is ok. Well, it’s up to you now.
    http://www.finanzasforex.com/tenochtitlan9

  • can anyone give me their opinion on forex trading? | Forex and Currency Trading News , Analysis , Information and Education 9:50 pm on February 27, 2010

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