Comments on: Forex Trading: 11 Essential Answers to Help You Learn Forex

By: Teddy Smith

Teddy Smith — Mon, 29 Mar 2010 10:15:16 +0000

Forex Trading can be really difficult to get into but its like anything in this world NOTHING COMES EASY. Very rarely have i seen some who is truely dedicated and persitent at somehing in this world completly fail at it. Learning Forex is like anything else a working progress .-= Teddy Smith´s last blog ..Then & Now- global exchange market headway =-.

By: Jonathan Devine

Jonathan Devine — Wed, 17 Mar 2010 04:38:09 +0000

I agree that investing in a currency ETF is less risky for a beginner than the Forex market. It’s about educating yourself on the best way to trade them. ETF’s as an investment provide the advantages of less risk but good solid performance. Anyone considering trading, whether it be in exchange traded funds, forex market, individual stocks should take the time to assess the risks and the rewards. They should also they have a set strategy for the market that are investing in.

Cheers
Jonathan
.-= Jonathan Devine´s last blog ..How To Supercharge Your Portfolio & Gain An Unfair Advantage Using Powerful Underground ‘ETF Funds’ Trading Strategies………Before The "Mainstream" Catch On!! =-.

By: Jessica

Jessica — Tue, 08 Dec 2009 12:08:37 +0000

That was a very interesting article,I have tried three approaches to learning about forex trading, because it is quite intimidating to get into.
I have tried a forex robot (in fact, I have one running for me now) with some success, but I have not learnt much about how to actually trade. I alos tried a semi-automated system, where potential trades are highlighted, and I get to choose. Again, good results, but not much learning value.
Finally, I have tried a community based system, where I can study the methods of a given human advisor (to whom I give anonymous access to my account) and learn the techniques for myself. This has been the most helpful.
Thanks for this post!
Keep on posting:))
.-= Jessica´s last blog ..Why Training is Important for Forex Trading =-.

By: Craig

Craig — Thu, 26 Nov 2009 05:58:33 +0000

@Credit Card Chaser. I agree that a currecy ETF is probably safer. However, the whole field is (like you said) a risky one. I think most people would be better served sticking with safer investments. Thanks for your comment.

By: Credit Card Chaser

Credit Card Chaser — Thu, 26 Nov 2009 05:26:37 +0000

It seems to me like the average investor that wants to hedge against currency fluctuations would be better served by just investing in a currency ETF rather than trying their hand in the potentially very risky (for a novice) Forex market (actually on second thought I would say that the Forex market can be risky even for an expert trader). .-= Credit Card Chaser´s last blog ..Credit Cards & Bankruptcy: A Visual Tragedy =-.

By: Financial Samurai

Financial Samurai — Wed, 25 Nov 2009 14:11:50 +0000

Craig, you're right about the past 18 months. I just feel the currency trading should primarily be used as futures hedging instruments to protect against an unwanted fluctuation. .-= Financial Samurai´s last blog ..Use The Sandwich Method To Provide Constructive Criticism =-.

By: Craig

Craig — Wed, 25 Nov 2009 13:07:42 +0000

@FS. There can be a lot of currency fluctuation. This is what increases the risk. For example, in the last year the Australian dollar has gain almost 45% compared to the US dollar. A great return for a year. Thus, your earning potential might be equal to the stock market, but due to the risks I wouldn’t suggest it.

By: Financial Samurai

Financial Samurai — Wed, 25 Nov 2009 04:50:28 +0000

Hey Craig – I like this post. I’ve always wondered though, do we need a BOAT LOAD of capital to make any money in forex? I ask b/c under normal circumstances currencies don’t move that much, unless the world is coming to an end or something.

Whatcha think?
.-= Financial Samurai´s last blog ..Book Review & Giveaway: The New Rules For Mortgages =-.

By: Personal Finance Buzz

Personal Finance Buzz — Tue, 24 Nov 2009 10:35:15 +0000

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