What is Colt FX?
April 9th, 2008
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ColtFX asked:
A short explanation of Colt FX.
RAMIE
Archive
Archive for April, 2008
Stocks, real Estate, FOREX, Commodity?
April 5th, 2008
bboyballer112 asked:
If you want your money to grow faster than the economies falling which do you recommend I invest in? I’m thinking long term and I’m starting from scratch on either one I Choose. Im 19 and have a few years to learn… Where Should I go guys? I’m not saying I’ll be investing within the next 2 years… But I figure I’ll begin my studies now so when I start making money I’ll already have the know how.
MAYE
If you want your money to grow faster than the economies falling which do you recommend I invest in? I’m thinking long term and I’m starting from scratch on either one I Choose. Im 19 and have a few years to learn… Where Should I go guys? I’m not saying I’ll be investing within the next 2 years… But I figure I’ll begin my studies now so when I start making money I’ll already have the know how.
MAYE
Can you really make money trading the FOREX? Seems like a crap’s shoot to me?
April 5th, 2008
bIGdADDY asked:
I have recently gotten alot of OFFERS to learn to trade the FOREX with the guarentee of big profits with NO risk. Has anyone had real experiance with forex trading?
COMLY
I have recently gotten alot of OFFERS to learn to trade the FOREX with the guarentee of big profits with NO risk. Has anyone had real experiance with forex trading?
COMLY
How do i deal with people like this———-?
April 5th, 2008
Mr. Learn asked:
I’m 21 I’m really Hook (with the capital H) with increasing my knowledge towards Investing like stocks, mutual funds, index, forex, banking system etc. learning all of this is my passion (especially making money from it). So i hope i learn something and actually still learn all the things that I need to learn. But how am i going to deal with people (especially people that i knew) that I know for myself that they don’t know what they’re talking about totally know nothing about the topic, you can see in front of your face that they are TOTALLY WRONG MISINFORMED. but they talk like a Hedge fund manager and think they know it all, and actually tell you to Do This and That. I want to tell them the things that I learn through my experience painstaking learning but they look down to me as if I’m a trash 21 year old guy. I want to share my knowledge bec. despite d way dey talk they’re deep drowned in depth, no investment, keep losing the most powerful resource that is TIME
MALCHOW
I’m 21 I’m really Hook (with the capital H) with increasing my knowledge towards Investing like stocks, mutual funds, index, forex, banking system etc. learning all of this is my passion (especially making money from it). So i hope i learn something and actually still learn all the things that I need to learn. But how am i going to deal with people (especially people that i knew) that I know for myself that they don’t know what they’re talking about totally know nothing about the topic, you can see in front of your face that they are TOTALLY WRONG MISINFORMED. but they talk like a Hedge fund manager and think they know it all, and actually tell you to Do This and That. I want to tell them the things that I learn through my experience painstaking learning but they look down to me as if I’m a trash 21 year old guy. I want to share my knowledge bec. despite d way dey talk they’re deep drowned in depth, no investment, keep losing the most powerful resource that is TIME
MALCHOW
Learn Forex Trading - These Mistakes Wipe Out Most New Traders
April 5th, 2008
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Kelly Price asked:
If you want to learn forex trading correctly and make money, you need to avoid basic errors made by the majority of traders, if you want to win so make sure you read and understand this list…
1. Automated Forex Trading Systems
Great idea and very appealing simply plug it and make money while you sleep the reality though is you are likely to lose. Most forex robots simply don’t work. Why? The track records are always made up in hindsight with knowledge of what happened. That’s easy, if we all knew tomorrows price today we would be rich but we don’t. You don’t make a big regular income for the price of a meal out and that’s a fact.
2. Day Trading and Scalping Systems
Most you see sold are simulated like the robots and it’s a fact that all volatility in short time frames is random, so this form of trading is a real mugs game. It looks low risk but is actually high risk, as the odds are against you.
3. Leverage
Sure it’s an advantage - but most new forex traders leverage up to much and lose. Just because a broker gives you 200:1 leverage, doesn’t mean you have to use it! 10 - 20:1 is enough for most new traders.
4. Failure to Accept Big Gains
Most new traders don’t have a problem setting a stop and taking a loss but they have a problem accepting a big gain. Why? All traders want big gains but running a trend is hard, especially when open equity is dropping. Most traders jack the stop up to close, get stooped out and then see the trend make thousands of dollars and their not in! You have to have the discipline to keep your stop back and accept draw down in the short term to bank a big gain.
5. Listening to experts and trading the news
Those analysts on CNN and CNBC maybe wise and they maybe clever - but there not traders. You can’t trade the news, as it’s immediately discounted and to prove the fact, most markets collapse when there most bullish and rally when there most bearish. The market price is made buy traders, therefore the news is unimportant; it’s what traders think of it that counts.
6. Trying to be to clever and working to hard
Most forex traders are lazy and think they can make no effort and win and of course they get taught a lesson however, those traders who think be clever and working hard counts also fail.
You don’t get rewarded for working hard or being clever you get rewarded for being right with your trading signal and that’s it. The key is to work smart, get the right forex education and you can win with less effort.
7. Trying to Use Science to win
Doesn’t work, as markets are not scientific. Think of all the advances we have had in the last 30 years - in forecasting methods, news and analysis, yet still 95% of traders lose. This means it doesn’t help! Markets are and always will be an odds game and if you try clever, scientific theories, you’re barking up the wrong tree.
8. No Discipline
Most traders are not disciplined and **** trading through losing periods - but you must do this to win. You get discipline from a sound forex education and confidence - that’s why you can’t follow others to success.
9. Trying to Buy Low and Sell High
Traders are obsessed with this and want to buy market tops and bottoms but this is not possible. Try predicting them and you will lose. You need to trade the reality of price change only and really you should be trading breakouts to new highs or lows as most major trends start from them.
10. Not Knowing Your Trading Edge
Why should you win when 95% of all traders lose? To win you need a trading edge and if you don’t know what yours is which will allow you into the elite 5% of winners, sorry you’re going to lose, as you don’t have one.
If you understand the above you will see forex trading is simple and you can win - but you need a disciplined mindset, a simple forex trading system that trades the odds and a trading edge.
If you want to you can enjoy currency trading success you can, as everything about it can be learned and forex trading can give you a lucrative second income or even a life changing one if approached in the right way.
DREES
If you want to learn forex trading correctly and make money, you need to avoid basic errors made by the majority of traders, if you want to win so make sure you read and understand this list…
1. Automated Forex Trading Systems
Great idea and very appealing simply plug it and make money while you sleep the reality though is you are likely to lose. Most forex robots simply don’t work. Why? The track records are always made up in hindsight with knowledge of what happened. That’s easy, if we all knew tomorrows price today we would be rich but we don’t. You don’t make a big regular income for the price of a meal out and that’s a fact.
2. Day Trading and Scalping Systems
Most you see sold are simulated like the robots and it’s a fact that all volatility in short time frames is random, so this form of trading is a real mugs game. It looks low risk but is actually high risk, as the odds are against you.
3. Leverage
Sure it’s an advantage - but most new forex traders leverage up to much and lose. Just because a broker gives you 200:1 leverage, doesn’t mean you have to use it! 10 - 20:1 is enough for most new traders.
4. Failure to Accept Big Gains
Most new traders don’t have a problem setting a stop and taking a loss but they have a problem accepting a big gain. Why? All traders want big gains but running a trend is hard, especially when open equity is dropping. Most traders jack the stop up to close, get stooped out and then see the trend make thousands of dollars and their not in! You have to have the discipline to keep your stop back and accept draw down in the short term to bank a big gain.
5. Listening to experts and trading the news
Those analysts on CNN and CNBC maybe wise and they maybe clever - but there not traders. You can’t trade the news, as it’s immediately discounted and to prove the fact, most markets collapse when there most bullish and rally when there most bearish. The market price is made buy traders, therefore the news is unimportant; it’s what traders think of it that counts.
6. Trying to be to clever and working to hard
Most forex traders are lazy and think they can make no effort and win and of course they get taught a lesson however, those traders who think be clever and working hard counts also fail.
You don’t get rewarded for working hard or being clever you get rewarded for being right with your trading signal and that’s it. The key is to work smart, get the right forex education and you can win with less effort.
7. Trying to Use Science to win
Doesn’t work, as markets are not scientific. Think of all the advances we have had in the last 30 years - in forecasting methods, news and analysis, yet still 95% of traders lose. This means it doesn’t help! Markets are and always will be an odds game and if you try clever, scientific theories, you’re barking up the wrong tree.
8. No Discipline
Most traders are not disciplined and **** trading through losing periods - but you must do this to win. You get discipline from a sound forex education and confidence - that’s why you can’t follow others to success.
9. Trying to Buy Low and Sell High
Traders are obsessed with this and want to buy market tops and bottoms but this is not possible. Try predicting them and you will lose. You need to trade the reality of price change only and really you should be trading breakouts to new highs or lows as most major trends start from them.
10. Not Knowing Your Trading Edge
Why should you win when 95% of all traders lose? To win you need a trading edge and if you don’t know what yours is which will allow you into the elite 5% of winners, sorry you’re going to lose, as you don’t have one.
If you understand the above you will see forex trading is simple and you can win - but you need a disciplined mindset, a simple forex trading system that trades the odds and a trading edge.
If you want to you can enjoy currency trading success you can, as everything about it can be learned and forex trading can give you a lucrative second income or even a life changing one if approached in the right way.
DREES
Has anyone traded ForEx? How did you do? What is a realistic rate of return assuming you know what your doing?
April 3rd, 2008
scotto destructo asked:
I’ve done stocks and options and stuff like that. I was curious if it is worth my time to learn it.
TAKAKI
I’ve done stocks and options and stuff like that. I was curious if it is worth my time to learn it.
TAKAKI
Learn Forex Trading Online – Forex Trading for Beginners
April 3rd, 2008
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Ricky Lim asked:
More and more Americans are realizing how much they can earn by joining the Foreign Exchange (Forex) market. However, not all have taken action to actually become one of the many individuals and companies trading from all parts of the globe. There are some who are still hesitant to join because they don’t know how to start in the first place.
Well, thanks to the wonders of technology and the power of Internet, you can now readily access information on how to do Forex trading. With just a few clicks of the mouse, you can learn Forex trading online.
Most forex trading websites give you the chance to try out Forex trading by allowing you to register for a free forex practice account. This way you can get the feel of Forex without risking your money. It also gives you the opportunities to become familiar with the various options available on that online forex trading platform.
Other forex websites offer access to Forex trading platforms, real-time Forex charts, Forex market research done by experts, and the most recent, high-tech Forex trading tools. There are also Forex training programs, seminars, and courses on the Internet that you can avail of.
Forex trading may not be suitable for everyone, as this kind of money-making exercise involves risk, time and requires nerves of steel and experience. It’s best to avail of Forex trading resources online before you put your money on an full online forex account.
You can also visit forex trading forums to learn more about where to learn forex trading online and which are the best websites to trade forex. It is possible to make money from forex trading only if you are well equipped with the knowledge.
ICHIKAWA
More and more Americans are realizing how much they can earn by joining the Foreign Exchange (Forex) market. However, not all have taken action to actually become one of the many individuals and companies trading from all parts of the globe. There are some who are still hesitant to join because they don’t know how to start in the first place.
Well, thanks to the wonders of technology and the power of Internet, you can now readily access information on how to do Forex trading. With just a few clicks of the mouse, you can learn Forex trading online.
Most forex trading websites give you the chance to try out Forex trading by allowing you to register for a free forex practice account. This way you can get the feel of Forex without risking your money. It also gives you the opportunities to become familiar with the various options available on that online forex trading platform.
Other forex websites offer access to Forex trading platforms, real-time Forex charts, Forex market research done by experts, and the most recent, high-tech Forex trading tools. There are also Forex training programs, seminars, and courses on the Internet that you can avail of.
Forex trading may not be suitable for everyone, as this kind of money-making exercise involves risk, time and requires nerves of steel and experience. It’s best to avail of Forex trading resources online before you put your money on an full online forex account.
You can also visit forex trading forums to learn more about where to learn forex trading online and which are the best websites to trade forex. It is possible to make money from forex trading only if you are well equipped with the knowledge.
ICHIKAWA