Does “forex made easy” system work? Can someone explain the trading of the four currencies. Should I get this?
Question by jloe22: Does “forex made easy” system work? Can someone explain the trading of the four currencies. Should I get this?
Does “forex made easy” system work? Can someone explain the trading of the four currencies. Can anyone do the trading from their home computer?
Answer by Nikolis P
Forex trading can be done from your home computer at one of the online trading sites such as www.forex.com. I highly recommend opening a demo account first and playing with that for at least a couple of weeks. I have been very successful at forex trading, so it certainly does work. Even my mini account that I started for $ 250, I was able to make it over $ 5k within six months. However, you have to keep in mind that it is very high risk, and there is a good chance to lose money as well. I have also dedicated a lot of time to trading, I do plenty of research before I enter a position, and I use all tools and information available to me. I have known some people that have had absolutely no success whatsoever. It’s certainly not for everyone. You have to get a “feel” for the market, and some people just can’t.
You can get a great deal of information on the forex websites, in their “education” or “knowledge” link, faq’s, and of course, nothing beats the demo account. An excellent book to get you started is titled “Forex for small speculators” by Noble DraKoln. It is a very quick and easy read, and will certainly point you in the right direction. I have found many other Forex books too complicated unless you are thoroughly familiar with Forex and Finance vocabulary. If and when you do open a live account, start small and put it in your head that you are going to lose that money, and that you are basically paying to learn. Good luck.
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