Comments for Forex System Auto TradingForex System Auto Trading http://www.forexsystema.com/blog Forex day trading system weblog the best intraday Thu, 11 Mar 2010 03:02:08 +0000 http://wordpress.org/?v=2.6.3 Comment on Is this a good forex trading strategy that could work to make you a millionaire? Please read/advise. Thanks? by raysor http://www.forexsystema.com/blog/is-this-a-good-forex-trading-strategy-that-could-work-to-make-you-a-millionaire-please-readadvise-thanks/#comment-4248 raysor Wed, 10 Mar 2010 04:08:09 +0000 http://www.forexsystema.com/blog/is-this-a-good-forex-trading-strategy-that-could-work-to-make-you-a-millionaire-please-readadvise-thanks/#comment-4248 Simple answer-NO Simple answer-NO

]]> Comment on Is this a good forex trading strategy that could work to make you a millionaire? Please read/advise. Thanks? by UnclePug http://www.forexsystema.com/blog/is-this-a-good-forex-trading-strategy-that-could-work-to-make-you-a-millionaire-please-readadvise-thanks/#comment-4247 UnclePug Wed, 10 Mar 2010 04:00:10 +0000 http://www.forexsystema.com/blog/is-this-a-good-forex-trading-strategy-that-could-work-to-make-you-a-millionaire-please-readadvise-thanks/#comment-4247 It won't work because: 1. Trading currency futures is normally a $2,500 minimum balance at all times, meaning to set up a single position you are planning would need another $5K or so. 2. You will have to prove that you have trading history, provable income and liquid assets of at least $25K to open the account, because if you get margin called out on a bad position, that 10:1 leverage is working against you. FOREX is very volatile, I know guys that lost $5k a position in one day! 3. I know some traders that trade by a safer route, simply short or long currency ETF's like FXB, FXY, UDN, UUP etc. It won’t work because:

1. Trading currency futures is normally a $2,500 minimum balance at all times, meaning to set up a single position you are planning would need another $5K or so.

2. You will have to prove that you have trading history, provable income and liquid assets of at least $25K to open the account, because if you get margin called out on a bad position, that 10:1 leverage is working against you. FOREX is very volatile, I know guys that lost $5k a position in one day!

3. I know some traders that trade by a safer route, simply short or long currency ETF’s like FXB, FXY, UDN, UUP etc.

]]> Comment on Is this a good forex trading strategy that could work to make you a millionaire? Please read/advise. Thanks? by Karl http://www.forexsystema.com/blog/is-this-a-good-forex-trading-strategy-that-could-work-to-make-you-a-millionaire-please-readadvise-thanks/#comment-4246 Karl Wed, 10 Mar 2010 03:55:45 +0000 http://www.forexsystema.com/blog/is-this-a-good-forex-trading-strategy-that-could-work-to-make-you-a-millionaire-please-readadvise-thanks/#comment-4246 It doesn't work like that, I'll bet you that $1,000 that you won't make it through year one, much less year two. Forex is for the pros and you would be eaten like an oyster, swallowed whole without a second thought. It doesn’t work like that, I’ll bet you that $1,000 that you won’t make it through year one, much less year two.

Forex is for the pros and you would be eaten like an oyster, swallowed whole without a second thought.

]]> Comment on Is this a good forex trading strategy that could work to make you a millionaire? Please read/advise. Thanks? by JB http://www.forexsystema.com/blog/is-this-a-good-forex-trading-strategy-that-could-work-to-make-you-a-millionaire-please-readadvise-thanks/#comment-4245 JB Wed, 10 Mar 2010 03:09:01 +0000 http://www.forexsystema.com/blog/is-this-a-good-forex-trading-strategy-that-could-work-to-make-you-a-millionaire-please-readadvise-thanks/#comment-4245 You're catching a falling knife. Just buy some gold and let it set for 5 years. That or short some bonds because interest rates are going up. Don't screw around in currencies... you'll lose your ass. You’re catching a falling knife. Just buy some gold and let it set for 5 years. That or short some bonds because interest rates are going up.

Don’t screw around in currencies… you’ll lose your ass.

]]> Comment on What do you think about Russians brokers in Forex? by B M http://www.forexsystema.com/blog/what-do-you-think-about-russians-brokers-in-forex/#comment-4231 B M Tue, 09 Mar 2010 11:33:39 +0000 http://www.forexsystema.com/blog/what-do-you-think-about-russians-brokers-in-forex/#comment-4231 DONT be the victim of a SCAM !!! DONT be the victim of a SCAM !!!

]]> Comment on What do you think about Russians brokers in Forex? by Colin http://www.forexsystema.com/blog/what-do-you-think-about-russians-brokers-in-forex/#comment-4230 Colin Tue, 09 Mar 2010 10:43:42 +0000 http://www.forexsystema.com/blog/what-do-you-think-about-russians-brokers-in-forex/#comment-4230 I would not trust any broker outside the US. Read tons of review sites before you choose a forex broker and pick the best of the worst. Someone somewhere has something bad to say about every broker - so you have to use your judgement and try the demos. I would not trust any broker outside the US. Read tons of review sites before you choose a forex broker and pick the best of the worst. Someone somewhere has something bad to say about every broker - so you have to use your judgement and try the demos.

]]> Comment on What do you think about Russians brokers in Forex? by sdfhjygfj h http://www.forexsystema.com/blog/what-do-you-think-about-russians-brokers-in-forex/#comment-4229 sdfhjygfj h Tue, 09 Mar 2010 10:18:11 +0000 http://www.forexsystema.com/blog/what-do-you-think-about-russians-brokers-in-forex/#comment-4229 Currency trading-http://tradingsforex.info/ Currency trading-http://tradingsforex.info/

]]> Comment on What do you think about Russians brokers in Forex? by Yarcofin http://www.forexsystema.com/blog/what-do-you-think-about-russians-brokers-in-forex/#comment-4228 Yarcofin Tue, 09 Mar 2010 09:31:48 +0000 http://www.forexsystema.com/blog/what-do-you-think-about-russians-brokers-in-forex/#comment-4228 Personally I don't trust any Forex brokers outside of Canada and the US, but if you live in Russia that might be a different story. No matter what broker you are considering, always be diligent and do your own research to make sure they aren't a scamming or dishonest broker. Personally I don’t trust any Forex brokers outside of Canada and the US, but if you live in Russia that might be a different story. No matter what broker you are considering, always be diligent and do your own research to make sure they aren’t a scamming or dishonest broker.

]]> Comment on What do you think about Russians brokers in Forex? by forexx http://www.forexsystema.com/blog/what-do-you-think-about-russians-brokers-in-forex/#comment-4227 forexx Tue, 09 Mar 2010 08:46:13 +0000 http://www.forexsystema.com/blog/what-do-you-think-about-russians-brokers-in-forex/#comment-4227 Could you name a few? Never hit on any with a website in English. Could you name a few? Never hit on any with a website in English.

]]> Comment on What do you think about Russians brokers in Forex? by Tony R http://www.forexsystema.com/blog/what-do-you-think-about-russians-brokers-in-forex/#comment-4226 Tony R Tue, 09 Mar 2010 08:29:29 +0000 http://www.forexsystema.com/blog/what-do-you-think-about-russians-brokers-in-forex/#comment-4226 I think its weird. I think its weird.

]]>