Some say the internet start-ups have all come and gone along with the hype and promise of money they held, albeit fleetingly. However, in a sense, the essence of what those endeavors stood for, are still very much with us. The difference is that nowadays, newer, more novel ways are being sought and invented everyday that seek to make money from the internet.
Forex trading, which is short for Foreign Exchange, has been around for a pretty long while; however it was exclusively in the preserve of bankers who carried out the trading mostly via telephones. A lot has been said and indeed hyped about Forex trading [http://www.talkgold.com/forum/f19-.html], and the truth is that it is no different from gambling, except that it requires mathematical and logistical intelligence to aid the trader in making more accurate guesses.
As an experienced trader to anyone interested in venturing into forex trading, I would like to point out a few issues. The first is that if looks too god to be real, then it IS too good to be real. A lot of forex platforms promise unsuspecting traders-to-be, very high profit margins a and return on their investments, irrespective of their prior level of experience. This is nothing but a bait that is soon discovered to be both bitter and costly. If you do not know how to trade forex, do not venture into it, or else you will lose your money. Practice makes better, and in Forex, you need a lot of it. Almost all forex trading platforms come with demo accounts, which give you dummy money to trade on real platforms in real time. This is supposed to help the beginner learn the ropes and not be exposed to the risk of losing money while doing so. You find that many seasoned traders also, still keep their demo accounts because demo accounts also let you test run scenarios that you may not want to risk with real money. Rome was not built in a day, and if you try to build your own Rome or you try to raise the money for your dream car by trading forex, then you better do it gradually, because the volatility of the market is too risky to bet a life savings on. Lastly, if you do not have it, do not trade it. Never borrow money to trade forex, because you just might lose it. And never invest in forex, what you can not afford to lose.
Haven said all the above, forex trading is an adrenalin pumping endeavor any day, and for people who love the combination of mathematics, logic, luck and a gambling heart, it's a great investment tool, so long as you steel yourself, whenever things do not quite go your way, and do not ever be fooled, many times, they will not. Its just about balancing your loses and finding a way to come out with a profit.
Forex trading, which is short for Foreign Exchange, has been around for a pretty long while; however it was exclusively in the preserve of bankers who carried out the trading mostly via telephones. A lot has been said and indeed hyped about Forex trading [http://www.talkgold.com/forum/f19-.html], and the truth is that it is no different from gambling, except that it requires mathematical and logistical intelligence to aid the trader in making more accurate guesses.
As an experienced trader to anyone interested in venturing into forex trading, I would like to point out a few issues. The first is that if looks too god to be real, then it IS too good to be real. A lot of forex platforms promise unsuspecting traders-to-be, very high profit margins a and return on their investments, irrespective of their prior level of experience. This is nothing but a bait that is soon discovered to be both bitter and costly. If you do not know how to trade forex, do not venture into it, or else you will lose your money. Practice makes better, and in Forex, you need a lot of it. Almost all forex trading platforms come with demo accounts, which give you dummy money to trade on real platforms in real time. This is supposed to help the beginner learn the ropes and not be exposed to the risk of losing money while doing so. You find that many seasoned traders also, still keep their demo accounts because demo accounts also let you test run scenarios that you may not want to risk with real money. Rome was not built in a day, and if you try to build your own Rome or you try to raise the money for your dream car by trading forex, then you better do it gradually, because the volatility of the market is too risky to bet a life savings on. Lastly, if you do not have it, do not trade it. Never borrow money to trade forex, because you just might lose it. And never invest in forex, what you can not afford to lose.
Haven said all the above, forex trading is an adrenalin pumping endeavor any day, and for people who love the combination of mathematics, logic, luck and a gambling heart, it's a great investment tool, so long as you steel yourself, whenever things do not quite go your way, and do not ever be fooled, many times, they will not. Its just about balancing your loses and finding a way to come out with a profit.
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