Posted by Binary Options Questions on Oct 7, 2011 in Forex | 17 comments
Forex & Commodities are highly dangerous. I would suspect that FX is the more dangerous of the two…. but both are highly leveraged & not a good idea for the novice trader.
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a person could be profitable in both commodities or Forex depending on the system that he uses.
A complete system should include:
-where and when should an entry occur?
-where should a stop loss be placed?
-when should partial profits be taken out?
-should the s/l be moved at any point?
-what position size is acceptable?
-where to exit?
After determining the all of these guidelines and back-testing your system the only remaining ‘job’ of a trader is to follow your own guidelines to the letter.
If anyone follow this recipe he or she is just short of being guaranteed success whether in commodities or Forex.
My point is that what financial market one trades is not nearly as important as how one trades it.
Both commodities and Forex have advantages and disadvantages. I personally trade Forex and I trade it very successfully. I am also a Forex coach. I believe that anyone that is serious, hard working and goal oriented will succeed in this business.
I don’t believe in luck either. I believe in education, hard work, patience and worthy goals!
I wish you an enjoyable journey,
open a demo account at oanda and try your hand at forex trading with play (not real) money.
you can choose your leverage, so don’t necessarily lose more than commodities.
any type of speculation is dangerous.
forex trading is risky just like any other form of trading, yet its the trader that decides on the risk not the market, you decide how large a position, you decided when to go in, and you decide when to exit.
i would do some reaserch and practice before trying real money.
these may als help- http://www.forex-trading-uncut.com/forexnewbie.htm
also money management which is the key- http://www.forex-trading-uncut.com/moneymanagement.htm
Forex trading can be profitable, as long as you know what you are doing, employ proper money management, and are able to control your emotions (i.e., trading with discipline).
No matter what kind of products you are working on right now, you are deemed to lose more if you cannot trade them properly.
There is a ocean of Forex Companies/Brokers and Tutors too.
But to earn huge profit in forex trading is now real.
There are genuine autopilots who calculates all possibilities and trade on behalf
of you with low risk high profit.
You must once take trial and challenge you will never stop earning from it.
If you don’t know the answer to this and other basic questions, you need to back away from forex trading and do some research to study the subject of forex trading thoroughly before risking your money trading currencies.
You can loose more money trading forex because you can have higher leverages. But also you can gain a lot of money using high leverages. It all depends on which way your trade goes. A lot of forex broker have the option to trade commodities using their trading platforms. For forex brokers that you can trade commodities with visit http://www.bestforex-broker.com
I have been trading Forex for over 4 years and has never found a robot as accurate as the one I am trading today. You have to see this forex robot in action for yourself because you would not believe me anyway if I say it trades with 100% accuracy
I am trying to learn some about Forex trading also. I found this site, which may be helpful.
Alguien conoce una buena pagina de forex que acepte paypal?
If you do a decent self paced trading course you will find out about good brokers, market times, auto forex products, and a vaireity of other areas that you haven;t even thought of.
I have done a couple of in class courses, but the best one so far was TradingPro.
I hope this helps.
I have been involved with forex for 3 years and one of the best programs in the field IMO Is 4XAMBUSH
Trading Forex has systems of trades, similar to commodities, with all trading
you want t protect your downside risk, which can be done with options.
See my review site about Fap Turbo
Trading the forex market is very exciting! I enjoy the money I can make which gives me the freedom to do what I want . I would look at trading robots if your a busy person and don’t want to mess with all the work and TIME learning all the inside and outs… Check out the link below . you have everything to gain . Trading is a very good way to become financially independent. If your a busy person look into the forex robots. good luck trading
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Posted by Binary Options Questions on Oct 7, 2011
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