IS IT POSSIBLE TO MAKE A GREAT PROFIT OVER A MONTH WITH FOREX TRADING?
I am a amateur and perplexing to sense forex. Is it probable to have such gains? I intend to deposit contend something around £250. Also, when is the most appropriate time to buy currency? What have been the strategies in anticipating out the most appropriate point in time to buy?
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November 29th, 2009 at 11:49 am
Absolutely..However you need to know strategies to trade. Because as much is it lucrative, its equivalent risky also..
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November 29th, 2009 at 12:09 pm
gotta try it and find out. it’s a gamble either way.
November 29th, 2009 at 12:45 pm
It is possible. However, it is possible to make a huge loss. Forex is high risk investing unless you know what you are doing.
November 29th, 2009 at 12:45 pm
Yes, you can make a lot, but you can also lose a lot. You need to learn risk management and financial management strategies before you start.
“The best time” depends upon your strategy, your ‘system’, your ‘rules’ and your psychology. If you are asking such a question, you are indicating you first need to get educatied.
Each person’s “strategies” are different, appropriate to their personality. If you are good enough, you can make money no matter what the market is doing, because in 4x you can sell or buy a currency pair. My answer, again, is get educated.
Overall, I suggest you take courses or read books on the subject.