Is it possible to earn a good living exclusively in the ForEx market?

Monday, January 13, 2014 , Posted by Ryanita at 6:00 PM

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Since there are so many trading methods and platforms, what is a good platform and trading system that I should investigate that would afford the best results with the least amount of risk? I understand there is substantial risk to this type of investment and one should not invest funds they can't afford to lose.


Answer
I would say the answer is that you should exercise yourself as much as possible. For example, if you have a job currently, then get some time daily to exercise yourself for at least 6 months. One year also should be enough, if you study at least 1 hour daily.
Benjamin Franklin is know to have said: "Knowledge yields the best interest."
On the other hand, Socrates: "I know that I don't know nothing" :). -

I am quoting those 2, because there is one pretty popular hypothesis in the microeconomics that the markets are unpredictable and one can't earn more than the market itself. However, many people doubt this hypothesis(the hypothesis is called: EMH - google it...).

My advice though, leave forex unless you are multimillionaire.
Concentrate on stocks or at least forex options.

Also, don't think that any strategy on the internet can help you. Think of your own formula and try to apply it on a demo for a few months. If it works - invest small amount of money, then more and more...

Believe it or not - the advice above costs millions of dollars ;) - more than any book that you can buy on "strategies".

Good luck and happy new year ;).

How we can benifit from forex?

Q. I am going to invest & need your valuable suggestions.


Answer
you can check your options in this site. enables forex trading anywhere in the world where internet connection is available; offers background information for the Forex market, Guided-Tour, seminars, one-on-one training, CHAT, telephone support, as well as other assistance tools, including technical support; enables users to start trading immediately and with no software required to download you may login to your account and trade anytime, from anywhere; allows you to fund your account with your credit card, so you can start trading immediately, regardless of banking work days or hours; And If you are a frequent trader dealing in larger volumes, they offer tailor-made account to suit your exact needs (spreads, leverage ratio, mobile-phone alerts, etc.); also uses the latest highly sophisticated and advanced technologies in order to offer you up-to-the-second quotes.

one unique feature of this site is whether you are a beginner or an experienced trader, for a minimum deposit of $100 which will also form part of your initial capital, they will provide an Account Service Manager (ASM) to be your personal consultant who will serve as your mentor and trading partner, will answer all your technical questions and with whom you can talk live over the phone, email, chat or any form of communication available. your ASM will even trade along with you so that you will get to familiar yourself about how the real trade is done and give you the tips and tricks you need to know and do to achieve a profitable forex dealing.




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