FOREX trading. Any Info?

3323 · 06-02-08

I have heard people out there say you can make alot out of FOREX trading?
Any Info?

BlackSpider · 07-02-08

Not much personal experience there myself, have done some derivatives trading and CFD's but was unsuccessful as it was an emotional rollercoaster.

You could check out one of the many share trading forums and get plenty of free info on the ASX website.

There are many people out there making lots of money on FOREX trading, most would be institutions I would assume.
However, the sucess rate would be very low, I would guess that only a few % of people (individuals) who try can be sucessful long term.
If you don't try, you will never know.

Paper trading is free.
However, when you put your real cash down, that's when it matters and it's not so comfortable then.

Good luck to you

ammulu · 07-02-08

I don't really have much idea about FOREX trading, not sure about how we can really make money from trading. How can we really make money from trading online??

chocoguy · 07-02-08

I haven't done it yet but based on what I see from other forums that are talking about this is that it is a very risky kind of investment. I wouldn't want to take the risk to invest my money. You have to watch the market in order to succeed.

active80 · 07-02-08

FOREX trading is a very high risk form of trading dealing in currency pairs. Basically you buy currency in terms of another currency eg. AUD/USD. If you know what your doing it can be profitable but realistically it is a gamble.

ammulu · 08-02-08

Investing money or trading isn't for me I feel, as I am not good at it. I never really was able to make good money with such a thing. I am not sure how it works out for others.

chocoguy · 08-02-08

I think that lots of website that could help you with Forex trading exists on the internet. The only problem is that they are not for free.

gemma.l · 08-02-08

I tried my hand in FOREX trading some years ago, It didn't go well for me...