Do you think Foreigh Exchange Trading(ForEx) is profitable business ?

February 18th, 2010 | by admin |

What do you think of Forex Trading/Currency Trading?what are up and downs of this business?Also suggest which trading website is the best out of FXCM,Forex.com,gcitrading.com or gftforex.com?

  1. 7 Responses to “Do you think Foreigh Exchange Trading(ForEx) is profitable business ?”

  2. By fazrie a on Feb 20, 2010 | Reply

    Using the Mtpredictor’s technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we’ll straight away post the signals here in real-time if there’s any triggered) 1 hour, 4 hours daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That’s why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net..

  3. By cyndrrella_tina on Feb 21, 2010 | Reply

    I think foreign exchange trading is a very good business,but u shd have lot of money to invest in it because the appreciation in currencies r very small and that doesnt make a difference for a small amount of money,if u have a logistic idea that in which direction the currency will move then u can really earn a lot by foreign exchange trading.it is very very interesting and also profitable.

  4. By hibby76 on Feb 23, 2010 | Reply

    95% of it is a sum zero game. If you make $100, someone else made $100.

    So it’s profitable for half of the people that do it.

  5. By Paul U on Feb 25, 2010 | Reply

    Forex trading has proven to be quite profitable for me. I use a very boring, conservative investment strategy though and I don’t get to experience the thrill of sitting in front of the computer screen all day chasing pips.

    I just spend my day golfing and helping other Forex traders.

  6. By VJonDalalStreet on Feb 26, 2010 | Reply

    You might want to visit this one

    Indian Financial portal providing information on

    - Which shares to buy
    - When to buy shares
    - When to exit shares
    - Which IPO to subscribe and which to ignore
    - Which NFO (New Mutual Fund) to enter

    Bus Naam hi kaafi hain …

  7. By VP on Feb 27, 2010 | Reply

    Hi,

    Forex trading could be very profitable business. I’m trading already for several years and I’m enjying it. Probably it is most exciting and most profitable business in the world. Yes, it is risky but believe me the reward really worth it. If you would trade accordingly to the trading system it would be simple to earn good return. I said simple but not easy.
    So stop procrasinating and start your own forex trading right now. Enjoy it!

    I could introduce you to one of forex broker leaders that is located in SWITZERLAND.
    They have very tight spreads. Total 25 currency pairs, Gold and Silver.
    SPREADS:
    2 pips for EURUSD, USDJPY, AUDUSD, EURGBP, EURCHF;
    3 pips for GBPUSD, USDCHF, USDCAD, EURJPY;
    4 pips for CADJPY, CHFJPY;
    5 pips for NZDUSD, AUDJPY;
    6 pips for EURAUD, GBPCHF, NZDJPY;
    7 pips for EURCAD, GBPJPY;
    8 pips for GBPCAD, GBPAUD, AUDCHF, CADCHF, NZDCHF;
    10 pips for AUDCAD, AUDNZD.

    LEVERAGE 1:200 default but client could chose the leverage from 1:1 to 1:200 at the account opening procedure.

    MARGINS. The margin or leverage a client can have depends on the client’s account equity. The table below shows margin requirements for the different equity levels:
    Less than 25,000 – 0.5%
    25,000 to 1,000,000 – 1%
    1,000,000 to 5,000,000 – 2%
    5,000,000 to 10,000,000 – 3%
    Above 10,000,000 – 5%
    Please note that on weekends and holidays margin requirements remains the same.

    SWAPS are counted as negative as positive. Also is available swap-free accounts.

    STOP and LIMIT orders may be placed as close as 5 fips from market price

    TRADING TERMINAL Meta Trader 4.

    Clients can choose to have their accounts denominated in either USD, EUR, GBP, JPY, CHF, AUD or CAD.

    Initial account opening deposit from US$2000. From first view it probably looks high comparing with other brokers who allow mini accounts and minimum initial deposit from USD250 but it is more useful and safer because clients are more protected from quick stop out and total loss of the initial deposit in the case if unfortunately it would be several unlucky trades in rage.
    This is regular forex trading account however it is allowed trading in mini lots (from 0.1 lot).

    If you are interesting I could introduce you to them please e-mail or PM me (press on my name) and I provide you with further information. Furthermore I could provide you for FREE with more than 50 trading e-books and trading systems that worth more than several thousand dollars and are very useful as for beginners as for experienced traders.

    Good luck!
    VP

  8. By lenmcgrane on Mar 2, 2010 | Reply

    The best advice I can give is the advice I was given by an experienced, wealthy futures trader 10 years ago. He said that when the price is going up … it is going up. And when the price is coming down … it is coming down. What he meant is that the best trading is done by people who leave their fear (or greed) aside and simply do what is right. To be mechanical. Almost robotic. There are reviews of a book about this profound principle on my site

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