What is the Forex? Is this true? – http://forex.easynewsonline.com/?

i found a site: http://forex.easynewsonline.com/ and downloaded some ebooks etc free from there, it all sounds very exciting, firstly can someon go check out these books and infomation out to see if it is correct info and secondly can you make that kind of money?!

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Posted in: forex trading tools

Tags: forex, http//forex.easynewsonline.com/, this, true

This entry was posted on Friday, February 26th, 2010 at 5:29 am and is filed under forex trading tools. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

8 Responses to “What is the Forex? Is this true? – http://forex.easynewsonline.com/?”

snetterton February 26th, 2010 at 6:14 am

If it sounds to be good to be true then it is too good to be true. Professionals find it difficult to make money in the markets at the moment so how on earth you reckon you are qualified to do so beats me.

redwine February 26th, 2010 at 6:15 am

Foreign exchange trading is very difficult and the spread is fairly wide for smaller sized investors. You can make money, but make sure you know what you are doing. There are alot of economic and political forces that impact currency rates, and if you don’t understand them you are at a disadvantage.

yeah_but_we_all_are February 26th, 2010 at 7:12 am

Forex, you can make a lot of money or lose a lot of money.

Try some demos from various forex brokers before you jump in with real money – and beware there are some less then ethical forex brokers.

Who knows, they way the dollar has plummeted to historical lows, you may get in in time to ride a couple corrections down

And forex ‘training sites’ are usually a scam, as are most ‘signal sellers’.

Forexdyke February 26th, 2010 at 7:24 am

well forex is a very serious issue alot of people have made money from and are still making but u need study about it very well before u go into it, checkout this sit easyforex.com maybe it my help goodluck.

Common Sense February 26th, 2010 at 8:03 am

The site listed above (by you) is a rip off. No one in their right mind can make the promises made there.

Forex is real. Forex is dangerous. 90% of all new traders in FX lose most (to all) of their account within 90 days.

If you’re serious….. take a year to learn FX. Read MANY books. Stay away from exagerated claims. Avoid “alert” services. PaperTrade. Develope your own technique.

Check out;
http://www.BabyPips.com
http://www.ForexBastards.com

And remember, the brokers and 97.5% of anyone pushing FX are out for your money. This is the most “rip-off” prone market I’ve ever seen.

But…. if you work hard. Use very well cultivated “money management” techniques. Avoid: Greed, Fear & Indecision….. you can do very well.

Consider yourself warned.

Paul U February 26th, 2010 at 8:52 am

It is easy to be swayed by some of the incredible claims that some Forex site make. Personally I think 4000 pips a week is a major stretch.

A more realistic target for someone entering the Forex market would be averaging between 5% and 12% per month depending on their risk tolerance and the strategy they employ.

Looking to get rich quick is a sure way to get poor quick!

The key is to reduce risks, employ sound money management principles, eliminate human emotion and never risk money that you can not afford to lose.

Good luck and don’t believe everything that you read.

Cheers,

Paul Upp
(925) 236-1839

muso m February 26th, 2010 at 9:46 am

some info find here:

http://re.awarded.in/re/top-forex-trading-links-catalog.html

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“My way to financial freedom” -
http://re.awarded.in/re/top-forex-trading-links-catalog.html
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wipe2001be February 26th, 2010 at 9:47 am

If trading forex was that easy…
95% of all traders fail and I am sure most of them read some of those ebooks too.
Just take some serious education before you jump into the forex with real money