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I'm a big risk taker but I'm also very intelligent. I like to take the biggest risk as long as it makes sense (I manage risk well). I'm not running around tossing up money or anything like that. The bigger the risk, the bigger the reward. That's been one of my moto's. I would like to start trading as soon as I can and I am willing to be as patient as I need to be. I just want some direction so I can start learning and I don't know how to determine what strategy to start with.
Do you know how to make a small fortune in Forex trading? Start with a large one.
There are so many twists and turns in the Foreign Exchange market, it makes even hardened traders' heads spin. It is not for the faint of heart. know what you're doing and what it is going to cost you. Paper trade the market first and be sure to include carrying and transaction costs. The market will move in a way to screw the most people. Good luck.
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forex is definitely for the big risk takers and if you are what you say you are then go for it. you may check your options in this source. it will lead you to a leading Forex broker today which offers among others personal, live, one-on-one mentoring to their new and existing traders. if you want precise directions, you can always talk to your personal account service manager or asm at anytime via phone, email or chat to discuss what strategy you need to develop and employ in your trades. and you can always interact with other expert forex traders in their chatroom to get their opinions. not only that, they provide various innovative helpful tools to aid traders in their decisions like the trade simulator, the inside viewer, the trade controller etc.. which will give you the outlook of the real market conditions, lets you see the popular currencies being traded, sharpen your trading skills and enable you to visually set your risk management strategy. all the best.
Dear Billion
You should consider becoming a trend trader. I use multiple timeframe analysis of trends. then you need an entry management system to verify all of your entries, I use parallel and inverse analysis for that. never enter a trade unless the market is completely in your favor, this will reduce your risk to the lowest possible amount at the point of entry.
Here is a set of free forex technical articles, an audio training library and weekly forex webinars all at no cost to learn more, please check the links below.
Education Library
http://www.forexearlywarning.com/audiotr…
Training Websites
http://www.forexearlywarning.com/events/…
Educational Blog
http://theforexheatmap.blogspot.com/
Audio Training Library
http://www.forexearlywarning.com/trainin…
Best Regards
LEVEL 3 Yahoo answers Responder
Mark A. Mc Donnell, Owner
http://www.theforexheatmap.com
Monitors 20 Currency Pairs in Real Time and Verifies Your Entries
http://www.forexearlywarning.com/
Spot Forex Trading Plans for $19.95 per Month
"Stop doing what you want to do and start doing what the forex is telling you to do"
I guess it will take lot of time to make a decision. Investing in forex need to consider a lot of things like money management, market scenario etc. Not only the Investing strategy is enough to get success in the market.
How do I figure out what Forex investing strategy is right for me?
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