Currency Trading Advisor
Seriously, is it really possible and easy to earn a lot of money with Forex trading? Or is it just an illusion?
I see all the time adverts of investments companies who want us to subscribe and open a Forex account, and I received commercial offers by emails almost everyday.
They claim that people earn very easily thousands of euros a month, just by trading currencies online.
But seriously, is it really possible and safe?
Or is it just like gambling, and we lose our money to those companies who make benefits thanks to our ignorance?
Can some investements specialists or finance advisors give me some feedback about this, please?
Thank you in advance.
ps : And also, do you think this company is trustworthy?
http://www.iforex.fr/emerp/landing/masterLP/nobansLP.aspx?content=Testimonials7&ct=31&creg=1&SID=186435
They claim that it’s possible to turn 100 Euros in 3500 Euros in one month…
How come????
@Freeze, why do you pretend to answer, while you only try to post your advertisement.
C’mon, have some respect, will you!
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words “Forex” and “lose” to see this is the consensus.
Forex is similar to what we call a “zero sum” game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the “bets” in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: “Go to Forexcrap,com/q2347.” The “q2347″ is a signal to the Forexcrap site that you are being referred to them by “q2347.” If they sell something to you, “q2347″ gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It’s like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
Read the warnings in the links below:
Toolbox Expert Advisor for Currency Trading
