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What is Online Currency Trading?

Can I become rich trading currency online? Is Forex Trading good for making money? Which currency pair's good?

  • I think Forex trading allows you to make money every day every time from anywhere in the world. Can you make minimum $100 every day in Forex trading? What is the strategy for that? What indicators are to be used and how much reliable they are?

  • Answer:

    Yes. You can become rich by trading Forex online. However it is very risky and first you must learn all the dangers in Forex Trading and also learn how to overcome losses. Anyone can win in Forex Trading but very few can survive because they learn how to prevent losses and overcome them if there are any. If you learn how to overcome losses without adding money from you pocket, you are a successful trader. It doesn't matter whether you trade small amount or big amount. If you can continually win small profits and overcome all the losses without adding your money to it, you have learned the technique and it works for big amounts too. Therefore start from small amount and make it grow in to a big amount. Remember you have to learn it by yourself. You have to develop your own set of indicators to be used. You have to choose your own currency pair and you have to develop your own trading strategies. Nobody can learn Forex trading by spending thousands of dollars for a trading course or by using online strategies or by using trading robots. So Good Luck.

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FOREX trading is a scam. Well, for 99.47% of people it is a scam. Seventy-five percent of all investors lose nearly their entire stake in just a few months. The problem is that the company sets the exchange rate, not the open market. Also, if you buy on margin (required for almost everyone) the company can force sale of your shares for a margin call when a currency falls a tiny amount, thereby not letting you survive normal fluctuations. Stay away. You'll have better luck at the roulette wheel, which isn't saying much. http://www.latimes.com/business/la-fi-amateur-currency-trading-20110403,0,588787.story

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