Is investing in forex a good idea?

Question

Is investing in forex a good idea?

Answer 1

NO

Losing money in Forex is a bad idea.

Answer 2

whats a forex?

Answer 3

This is forex...I have an account I haven't trouched, yet.

http://forex.com/

Answer 4

No unless you want to stay up all night.

Forex is NOT regulated by any exchange.

Better to learn how to trade futures markets.

Here's a good place to start:

http://www.ChartingYourFutures.com

Answer 5

If you start by learning how this market works, and practice in a demo account, I believe it's a good idea.

You can start by visiting free websites like:

http://www.forextopten.com/

http://www.freeforexebook.org/

Answer 6

Hi,

Forex is recommended but definitely NOT for beginners, learn from this site:

http://where-to-invest.blogspot.com/sear...

Answer 7

no.

let me say that again: NNNNOOOOOOOOOOOO

this is a great way to throw away money.  if you want to make other people rich, forex is one of the most effective ways to accomplish that, but you will most likely never make a single dime on any money that you throw into the black hole known as forex.

Answer 8

no

Answer 9

From your question, it seems you have no knowledge or experience in forex market.

Here is what I think: The forex market is one of the riskiest markets (probably riskier than the derivatives market). The second point is that most often, the return does not match the level of risk you take. I studied these markets for 2 years and still do not have the courage to trade on that market.

I would recommend that you stay away from it except in three situation.

- If you spend enough years studying the market and accumulate enough knowledge and experience.

- If you need to hedge some of your positions, i.e. you may buy/ sell USD or other foreign currencies to offset the risk that a movement in exchange rates may move against you.

- If you do not invest directly, i.e. you may use ETFs for example to long or short some currencies: for the USD for example you may look at UUP, UDN ...

The forex market is so opaque (a lot of interventions) and so volatile (exchange rates are relative pricing mechanism which reflect so many variables/ factors in different countries) that investing in it for an inexperienced person is like walking in a mine field with a band on your eyes (if you don't walk on one, you may as well fall off a cliff). That especially in the current environment of high currency risk and battle between central banks (some are fighting inflation like europe, others are figting recession like the Fed).

Answer 10

Before begin trading in forex read this review for importance :

http://the-forex-tracer-review.blogspot....

Best Regards

Answer 11

The biggest thing is to learn is how to read charts and determine what currency pairs you want to trade.It takes time and patience to learn to trade the forex market.Most folks don't have enough patience to learn to trade to make a profit.Trading at news time is dangerous for the new trader,If you want to make money you must study and learn how to trade.Yes traders do make allot of money once the learn how to do it.

Answer 12

I´ve been investing for more than 20 years and trading for almost 14, and I can tell you that if you want to make BIG and FAST profits, I recommend you trading rather than investing, trading can help you to go from rags to rich.

If you are investing, you must have already achieved some degree of financial success, long term stock investing and FOREX can help you become much richer than you are today.

My experiences as a Nasdaq Market Maker, Head trader of several brokerage firms, and currently as a professional trader and private hedge fund manager, I can suggest you that:

We trade because we want quick, short term profits on a consistent basis. We want to cash flow the market. Milk it like a cow.

Make consistent, small, short term gains rather than trying to hit a home run on every trade. Don't ever forget that.

Don't marry a stock, marry the idea of making money trading stocks. That's the only way to do it.

For me "All stocks are equally worthless”

I don't hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me.

I could care less which way the market goes. It's irrelevant to me if the market goes higher, crashes or moves sideways for the next 50 years. I really could care less. Stocks are just four letters with two prices next to them that I use to make a living trading.

Trade ONLY when you have a clear, easy and identifiable advantage, because without a CLEAR EDGE your odds of success are NO better than a flip of a coin… That´s why so many new traders (and investors) lose money.

Take a look at any daily chart of any index or stock and you'll probably see the most volatility and the biggest opportunity for profit during the first Hour of the stock market's opening.

The popular thinking and conventional wisdom is that you should wait about an hour before you start trading.

But if you do, you'll miss the big, fast moves that stocks make as all the amateurs let their emotions out through their

online accounts, usually right after they read some news headline or hear Maria Bartiromo go off about a stock on CNBC.

It's easy to see why trading the open is the market's prime time for profiting from other online traders.

The market's open is very volatile - that is the perfect environment for LARGE, FAST profits.

Learn to trade as a professional Market Maker ,not as an emotionally driven amateur trader or investor with few thousand dollars in an account at Etrade.

There isn't any other time during the day or any stock you can invest in, that can make you 1, 2, 3, 5, 7 or more points

in minutes OTHER than during the first hour the stock market is open. That's why I love trading the open so much.

I trade only when I have an edge and that means "only the first hour the market is open".

If you are a beginning trader, you can give yourself an unfair advantage in the market trading this way.

I can carry on with the advises about how to make money trading, but if you ask me:

"What is the best thing you can do for me?

I will say:

Give yourself a BIG favor and go to this "Top Secret" site and learn how to get the BEST stocks that will make the largest and fastest day trading profits you´ve ever seen, all by yourself...

www.onehourtrading.com

After you review this site you won´t need system, strategy, book, software or mentor to tell you what to do,

you will be able to profit HUGE every day.

Good luck and good trading,

John Fontaine