what would you like to see in a forex blog?
Sunday, April 27, 2014
, Posted by Ryanita at 2:57 AM
hunterz
Hi everyone,
I was thinking of creating a blog for forex. But i do not know what to add into it, except for some daily rss feeds from websites and my own trading ideas. Maybe a bit of free ebooks to share. What else do you think i should add into my blog? Thanks.
Answer
I think it really depends on your aim for having this blog...
Some traders keep a blog to remind themselves of the reasons why they enter into trades... they would then obviously keep a journal of their trade entry criteria, and the resultant win or loss.
Others keep a blog to post up useful articles on Forex trading, and earn money from advertisements that are placed on the blog.
In deciding the content you want to add to your blog, think about who your target readers are, and the rest should come naturally:
Are you targetting new traders? Or existing traders?
Or are you targetting readers who are interested in money-making as a whole?
These questions are just some of the many you may like to ask yourself. :)
I think it really depends on your aim for having this blog...
Some traders keep a blog to remind themselves of the reasons why they enter into trades... they would then obviously keep a journal of their trade entry criteria, and the resultant win or loss.
Others keep a blog to post up useful articles on Forex trading, and earn money from advertisements that are placed on the blog.
In deciding the content you want to add to your blog, think about who your target readers are, and the rest should come naturally:
Are you targetting new traders? Or existing traders?
Or are you targetting readers who are interested in money-making as a whole?
These questions are just some of the many you may like to ask yourself. :)
About trading easy-forex?
Q. I would like to trade currencies online using easy-forex.. but i really don't know much about it..
How much they charge for each trade?
How much fees i should pay every month minimum?
If i make some money from trading will it be transferred to my bank account immediately, or i should cancel my forex account to have my money back?
How much they charge for each trade?
How much fees i should pay every month minimum?
If i make some money from trading will it be transferred to my bank account immediately, or i should cancel my forex account to have my money back?
Answer
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.
Forex is similar to what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
Read the warnings in the links below:
Source:
http://www.cftc.gov/opa/enf98/opaforexa1...
http://www.smartmoney.com/investing/stoc...
http://en.wikipedia.org/wiki/Forex_scams
http://www.cftc.gov/ConsumerProtection/F...
http://www.cftc.gov/ucm/groups/public/@c...
http://finance.yahoo.com/banking-budgeti...
Asker's rating & comment
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus.
Forex is similar to what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: "Go to Forexcrap,com/q2347." The "q2347" is a signal to the Forexcrap site that you are being referred to them by "q2347." If they sell something to you, "q2347" gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
Read the warnings in the links below:
Source:
http://www.cftc.gov/opa/enf98/opaforexa1...
http://www.smartmoney.com/investing/stoc...
http://en.wikipedia.org/wiki/Forex_scams
http://www.cftc.gov/ConsumerProtection/F...
http://www.cftc.gov/ucm/groups/public/@c...
http://finance.yahoo.com/banking-budgeti...
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