forex

coolpedro

hi,
i keep getting emails from guys advertising schemes to trade on the forex market....anybody tried this and did it work for them.
pedro

WearMyKissx

My other half did this last year, he did make some money of it, which he got hooked into trading and lost it all (plus more) so for roughly 5 minutes it worked for him :P

coolpedro

thanks,
did he lose more because he didnt follow the instruction or did the scheme break down????????

barrooo

A quick stat for you, 95% of retail traders lose money when trading fx.

Now with that nice shocking stat out the way these are a couple of sites that will give you some more info on fx trading so you can get a better handle on if you want to try it or not


http://www.babypips.com/

http://www.forex4noobs.com/

coolpedro

hi,
thanks for the info i will look at the sites but think il give the idea a miss..........cheers

justpaper

barrooo wrote: »

A quick stat for you, 95% of retail traders lose money when trading fx.

same story in anything, 95% start up bizz close 1st year, etc etc, like with ANY thing you got to keep on trying, if you think it can work for you! only you know that...I have watched forex trades, as they trade with Live real "own" money 50k accounts, they started somewhere.

Find a forex investor club, if you want to learn for free*

*depending on the group.

thewad

No scheme will work because it's basically insider information that manipulates.

geordie_joe

justpaper wrote: »

same story in anything, 95% start up bizz close 1st year, etc etc, like with ANY thing you got to keep on trying,

What happens when you run out of money?

justpaper wrote: »

I have watched forex trades, as they trade with Live real "own" money 50k accounts, they started somewhere.

It may not have been trading. They may not have started trading with "nothing" and built it up to 50k. They may have used their hard earned savings to start with. They may even have started with 500k and are now down to their last 50k

Also note you don't mention them making money.

I have known people put 50k on the national, they didn't win!

justpaper

sorry i didnt reply, now its a year later, which is in my favor I still made good trades on forex, which i did update here http://www.meetpips.com/members/Nickpips

so you can still make money on forex, if u learn the ropes, also for running out of money if people are crazy enought to put all their money on some thing they have just "messed with" then they are going to loose it... simple as that.

Yorkie1

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