Help about Forex Trading

Discussion in 'Off Topic' started by Thomas014, Dec 17, 2012.

  1. Thomas014

    Thomas014 New Member

    Messages:
    18
    Likes Received:
    0
    Trophy Points:
    0
    Hi guys
    Can you please help me to know that how can I get benefited by Forex Trading?
    What is it exactly? I don't know any thing, but found and read some articles about this.
    I want to know in details. Help me..
     
  2. descalzo

    descalzo Grim Squeaker Community Support

    Messages:
    9,375
    Likes Received:
    327
    Trophy Points:
    83
    It is, at the individual level, glorified gambling with a huge house advantage. A good way to lose your money.
     
  3. Thomas014

    Thomas014 New Member

    Messages:
    18
    Likes Received:
    0
    Trophy Points:
    0
    descalzo... Can you please provide me some through details? I actually do not understand what you want to say.. How can you say this is a way to lose money??
    Also besides forex, I also want to know about binary trading option.
     
  4. essellar

    essellar Community Advocate Community Support

    Messages:
    3,295
    Likes Received:
    227
    Trophy Points:
    63
    You're gambling on small market movements on large monetary amounts, mostly with other people's money. That gives you wins out of proportion to your actual investment, but your losses (and there will be losses) can sink you before you have time to react -- and even small losses can amount to much, much more money than you can afford to lose. There is no "safe position" unless you're playing at an institutional level.

    TANSTAAFL.
     
  5. Thomas014

    Thomas014 New Member

    Messages:
    18
    Likes Received:
    0
    Trophy Points:
    0
    Thanks esselar
    I am ready to trade now and will start very soon. Before that please give some important suggestions to make my aim successful.
    How important is to know the review details from major brokers to trade with binary options?
    I just found a link where I get some valuable tips to select brokers.
    Edit Spam URL
    How much acceptable is this?
    Thanks a lot.
    Thomas


     
    Last edited by a moderator: Feb 21, 2013
  6. essellar

    essellar Community Advocate Community Support

    Messages:
    3,295
    Likes Received:
    227
    Trophy Points:
    63
    Ever seen the movie War Games? The only winning move is not to play.
     
    Last edited: Feb 9, 2013
  7. Thomas014

    Thomas014 New Member

    Messages:
    18
    Likes Received:
    0
    Trophy Points:
    0
    Hey can not you talk simply? You are always talking like a church father. 8)
    Please simplify and help me. I set up my mind to invest in binary option trading.
     
  8. descalzo

    descalzo Grim Squeaker Community Support

    Messages:
    9,375
    Likes Received:
    327
    Trophy Points:
    83
    As he said it is a losing game.

    And the site you linked to above is nothing but a shill for a losing game. Anyone who would go to that site and sign up for a brokerage account is a fool and will lose his money. The only ones who make money are the brokers and the shill sites such as the one you mentioned.
     
  9. Thomas014

    Thomas014 New Member

    Messages:
    18
    Likes Received:
    0
    Trophy Points:
    0
    Hi all of my dear friends..
    I did not loose any money still. Thank God.
    Always try to follow the market stats before investing.
    Always read the brokers review before investing.. I don't know the future.. But still now my risk is converting to gain. No risk no gain.. :cool:
     
  10. essellar

    essellar Community Advocate Community Support

    Messages:
    3,295
    Likes Received:
    227
    Trophy Points:
    63
    You're risking more than you think, that's all. It doesn't take much of a market loss to wipe you out.
     
  11. descalzo

    descalzo Grim Squeaker Community Support

    Messages:
    9,375
    Likes Received:
    327
    Trophy Points:
    83
    We get it.
    You own a site that makes money off of people who are looking for easy money.
    You make money from people clicking on links on your site and signing up for trading accounts.
    You don't risk anything.

    Options are a time limited, zero sum game. Zero sum, that is, before commissions. Trader A wins $X minus commission $Y, Trader B loses $X plus commission $Y. In the long run, the only person making money are the brokers.

    Unless you are very lucky or very good. Are you smarter than Bank of America, Chase, Bank of Dubai, etc...? Do you have more resources to do research? Can you react the second the market thinks about moving one way or the other?

    Well then, you are not that good.

    That leaves lucky. Which means you are gambling. Period. Against a stacked deck.
     
  12. Thomas014

    Thomas014 New Member

    Messages:
    18
    Likes Received:
    0
    Trophy Points:
    0
    Hi friends its fine till now.. But my winning ratio is not so high cause invested a little money at first. Thank God and thanks to you.
    I am now thinking a bit high for investing.
     
  13. Alessandro33

    Alessandro33 Banned

    Messages:
    3
    Likes Received:
    0
    Trophy Points:
    0
    Hi friends i am here i would like to say you that you should join a Forex reading training center where you can get the Forex education because this is not a easy business to do and you should have all the knowledge about Forex trading so i think the best way to learn and do the Forex trading is join a Forex learning institute ........
     
  14. doublebogie

    doublebogie New Member

    Messages:
    28
    Likes Received:
    0
    Trophy Points:
    1
    as they say, "what goes up, must come down", and vice versa
    :confused:
     

Share This Page