I need some help with reviewing brokers, educational sites and if there are advisors, services or systems that work.
Just have a look at this unbiased review.
Forex Broker Reviews and Comparisons:
http://online-fx-trading.net/forex-reviews
Is it possible to accumulate liquid funds of 1 million $ over a timeframe of 10 years ?
If yes, which of the following ways would be the best way to achieve this: (initial capital 10,000$)
1. investing in the stockmarket
2. trading commodities
3. trading forex
4. real estate
5. start an online retailing business
6. create an online affiliate website
7. buying and selling on ebay
8. Something else ?
winning the lottery is not an option !.
(I asked that question before, I just want to get more opinions on this as its an interesting question for everyone.)
It takes money to make money. My bet would probably lie in real estate.
Is it better to buy foreign currency on your own like a bank draft and a few day's later cancell it for gains in mind. Or is it better to trust your money to a "forex expert"?
Currency Trading is done every day, If you want to take advantage of the fluctuations; you can do it physically. There is also a broker house where you can trade to take advantage of the daily fluctuations, however you need to have a bigger capital to do this. Trusting your money to somebody is a risk in itself, how well do you know the person? "for-ex expert" if there be any, is still a person, How well do you know the person? I suggest you learn the trade first, observe and decide for yourself if you can afford the risk involved in Currency Trading. Like in any business that you want to invest your money in. Learn the trade before you invest.
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?!
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.
Forex Traders promise high monthly returns and "stop-loss" provisions which suggest that you would never lose all of your money. On the other hand they talk about leverage which suggest that they will always have more to invest than they actually have and therefore all losses will be recovered. I have never heard of high returns and no risk, but this is what the so-called Forex traders are advocating. Is this some kind of scam?
Hi,
It is not a scam. But than again it all depends, which Forex you're dealing with. I'm investing in Finanzasforex, the link is www.finanzasforex.com/tiara. Already coupple of months and I'm happy with 14% monthly. I also have some experience from before – it has a lot to do with software improvement – same like with pricing strategy – where a company such as GE Lightning uses software which evaluate many relevant factors influencing the change. They guarantee 7% min – but it never went that low in my case -always 14.
G'luck