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  #1  
Old 12-19-2008, 01:54 PM
cody21 cody21 is offline
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Cool The Advantages of Trading Forex are Obvious

1. Low Startup - You can start with as LOW as $50!

2. Huge Market - $3 TRILLION traded around the world every day (Actually, the Forex market is bigger than ALL the world stock, bonds, and futures markets combined!)

3. 24/5 - Non stop action, 24 hours a day 5 days per week (Monday through Friday)

4. Volatile - The most volatile market in the world...what does that mean? HUGE opportunity every moment of the day

5. Low Cost - While with stock trading, futures and options you pay spread plus commission, with Forex your only "cost of trade" is spread (that can add up to ALOT!)

6. No Cornering - Unlike any other markets, it is IMPOSSIBLE to corner the Forex market....and, no matter how many people trade with the same robot its efficiency and profitability will remain intact (HUGE plus)!

7. Up & Down - Profit from rising and falling prices...you don't care which way the market goes. Ohhh...and, unlike with the US stock market, you don't have to wait for an up-tick for shorting!

8. No Size Limit - Trade as BIG or as SMALL as you want! This is something that ONLY the Forex market allows you.
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  #2  
Old 12-22-2008, 04:56 PM
MoneyTrev MoneyTrev is offline
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Default Re: The Advantages of Trading Forex are Obvious

Forex is a good if you know what you're doing. You're right, their advantages are great!
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  #3  
Old 01-12-2009, 02:14 PM
optionmaestro optionmaestro is offline
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Default Re: The Advantages of Trading Forex are Obvious

I like options more than Forex and individual stocks
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  #4  
Old 01-18-2009, 08:22 AM
brian brian is offline
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Default Re: The Advantages of Trading Forex are Obvious

Forex is truly gambling, though. It's just as easy to make huge losses as it is to make any gains.
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  #5  
Old 02-26-2009, 05:59 AM
ez-trader ez-trader is offline
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Default Re: The Advantages of Trading Forex are Obvious

You can invest into a very simple and highly profitable trading platform, very different from trading option trading. We call these binary options, binary options can be easier to understand and trade then traditional options. There are two ways to take a position - buy or sell. Buy, if you believe the market price will rise or the economic event will occur. Sell, if you think the opposite. If your insight is correct, on the expiration date, your payoff can be up to 75% on your investment within an hour. And you can withdraw at anytime without any hassles. Plus there are promotions going on all the time. Sign up is also free.
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  #6  
Old 02-27-2009, 06:01 PM
RobertD RobertD is offline
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Default Re: The Advantages of Trading Forex are Obvious

Firstly there is nothing new about forex you could have trading in forex way back in the seventies with ease and back then the trade ratio was higher yet.

Forex is only a place for people that can watch the market constantly, no one else ever makes money at it. Second you have to know what is going on in the world and that means the whole world, little thing can cause huge shifts. And remember much of that trading is being done by central banks that have 24 hour staffed trading operations.

The right type of forex account can be money saving to companies that exchange large amounts of cash internationally, but those are not the common forex account the new forex hustlers usually push.
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  #7  
Old 02-28-2009, 12:15 AM
SotSweelaAlet SotSweelaAlet is offline
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Default I need advise. Thanks in advance.

Hello everybody. I'm new on this forum and I need some advise. I had some financial problems in the past and had to declare bankruptcy. It's been 2 years since that time and I tried to get a small loan from Wells Fargo and some other subprime lenders, but was refused. Are payday loans my only option right now? If that's the case, what is the cheapest payday loan company to get the money from? I do not need a lot. I think only $500. Thanks.
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  #8  
Old 03-08-2009, 04:02 PM
ping ping is offline
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Default Re: The Advantages of Trading Forex are Obvious

I personally have years of experience in forex (as investor), but you have to be careful!

Nowadays, the volatility is so high, very difficult to forecast what directions currencies are going to! I have some recommendation for newbies in forex.

First of all, stay away of on-line trading done by yourself, unless you have trader experience + time to follow the markets: 95% customers loss everything within 6 months.

Some on-line forex companies cheat on execution time, stop-loss orders, put random delay on the real-time display, etc... They let you win the first weeks and after you start loosing! Don't forget, they win money whatever you do, because they cash the spread with their broker for each transaction.

The best way remains the forex managed accounts, where professional traders work on your behalf with the money in your bank account. The traders are paid only on what they earn for you, which is a good garantee of performance. The best I know so far are located in Switzerland, where you have no taxes on capital gains and you can expect more than 10% performance per year.

Cheers,
Ping
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  #9  
Old 03-08-2009, 04:30 PM
ping ping is offline
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Default Re: The Advantages of Trading Forex are Obvious

Folks asked me to mention which company manage well my forex account. It is always difficult to give advice, because my past experience is not a proof of future performance (well known warning). However, the company duitfsc com provided me good results sor far.
Ping
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  #10  
Old 11-12-2010, 01:40 PM
gregsmom gregsmom is offline
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Default Re: The Advantages of Trading Forex are Obvious

As with any investment, there are good ad bad everywhere. You need to find something that jives with you and your goal, not just "the next big thing..."

Here is some good insight into Forex. I found this on the Platinum Training Solutions website- they are a mentoring and coaching company in Utah. Not trying to spam, so no links to their site or anything... there are good and bad Forex companys, and Platinum Training Solutions seems to be one of the good training ones. In any case, I liked what they had to say about motivation, so I hope it is OK to repost it here:


Motivation and Forex
Forex trading can be incredibly gratifying at times. At other times, it can make you want to pull your hair out. Whether you are a beginner, novice or expert, Forex trading provides daily challenges. Keep your motivation high with the following tips from the elite Forex training agency, Platinum Training Solutions:
Give Yourself Time
Understand that regardless of the promises made by commercials and shoddy websites, Forex takes time. Novices are called novices for a reason, they lack the experience. It will take time, and a lot of mistakes to become efficient in Forex trading. If you wanted to skip some of the mistakes consider taking on a tutor or a platinum training solution to skip-over the mistakes.
Forex Friends
While this may sound like the name of a cheesy children’s song, it is still an invaluable strategy. Consider teaming up with other people, or with one solid Forex trading friend. Having comrades with which to communicate will boost your motivation through social interaction, a sense of competition, and through group strategizing. Having a fresh voice to give you ideas will also help stimulate your own creativity. You can meet Forex friends on online websites, blogs, chatrooms or by taking a training course where you find like-minded individuals.
Improve Your Skills
Forex is truly and art form and a skill, and these skills don’t develop overnight. Forex trading skills must be learned. You can either learn by trial and error, or you can train. Consider a training strategy like platinum training solution in order to boost your skills. With a new arsenal of tricks up your sleeve you will become reinvigorated to start trading again. Your increased success will be naturally motivating.
Set your Goals
Having realistic goals will help you to ensure that you do not become disillusioned with Forex trading. Traders who have the idea that they want to make six figures in their first year are destined for disappointment and therefore will lack motivation when they fail. If you set more realistic goals you will stay more motivated. Consider a realistic goal such as increasing your profits by 2% each month.
Creating a social circle, regularly improving your training skills through specially designed courses, and setting realistic goals will all help you maintain your motivation. Your motivation will give you the strength you need to continue trading your way to financial success.
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  #11  
Old 02-23-2011, 04:48 AM
gilbertrobbins gilbertrobbins is offline
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Default Re: The Advantages of Trading Forex are Obvious

Forex gives you good returns if you're well acquainted with the system. So better know
the system as it is little bit sophisticated.
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  #12  
Old 12-09-2014, 07:26 AM
DishaDesai DishaDesai is offline
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Default Re: The Advantages of Trading Forex are Obvious

Hello cody,

I completely agree with your points on advantages of trading forex. The 4 main reasons for trading forex are Speculation, Hedging, Arbitrage and Need-based. FX is a low-margin-high-volume/value business, which means you will have to invest a lot of money to make profits. So go ahead – Speculate, Hedge, use Arbitrage opportunities, or get into FX because you need it, but there is no denying that all of us will get into the FX market at some point in our lives!

Happy profit-making

Source : Imarticus Learning
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  #13  
Old 01-24-2015, 05:20 PM
JohnR90 JohnR90 is offline
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Default Re: The Advantages of Trading Forex are Obvious

Quote:
Forex is a good if you know what you're doing.
80% trader flow out a cash in one year. Only men with iron balls are working in Forex
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  #14  
Old 03-21-2015, 05:52 AM
CuriousInvestor CuriousInvestor is offline
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Default Re: The Advantages of Trading Forex are Obvious

Do you think forex trading risky? Yes it is if you don’t know how to trade forex. Anything you do in life without training will most probably end in failure. Same goes for forex trading. Most of the people lose money in forex trading because they don’t bother to get the right education when they start trading. Your second question will be how long it takes to get a good education in forex trading?

The good thing about forex trading is that you can learn it risk free. Yes, risk free! All you need to do is study the trends and all the related information you get about the asset you intend to trade from the internet. There are many tools online which will give you all the necessary and latest information about a particular stock and also get instant Twitter feed about the stock. I have been using one such portal for the past 6 months and found it quite helpful in terms of getting relevant news and not spams to help me in my investments. I have posted the link for the portal below which is free and is really helpful. Secondly, open a demo account with any forex broker eg; IG. You can do that in five minutes on the internet and start with forex trading. On the demo account, you will be provided with real time data that you can use to make buy/sell decisions but you will be using fake or virtual money. Since you are not using your real money, you are not going to lose even a single cent.

Link to get relevant information to the latest news, twitter feeds about financial stocks and investments. Membership is free and really beneficial.
wwwcityfalconcom

Happy Investing !

Cheers,
CuriousInvestor
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  #15  
Old 06-26-2015, 11:00 AM
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Richard Johnson Richard Johnson is offline
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Default Re: The Advantages of Trading Forex are Obvious

In Forex trading, a small deposit can control a much larger total contract value. Leverage gives the trader the ability to make nice profits while at the same time keeping the risk capital to a minimum.
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