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By maloquac on Feb 5, 2010 | Reply

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 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. 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.
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.

By Joe on Feb 5, 2010 | Reply

This depends on your goals and investment profile.
Let me give you an example.
I also had a nice amount of money and wanted it to grow.
So I first started to set goals for myself ( what returns I wanted, what risk level, in wich market, etc)
And I figured out I wanted soomething that gives me solid returns but not the risk of losing all my money.
I can tell you now it isn’t easy to find something like this.
But after searching for almost 3 months I found something that I believe is worth investing in.
a managed account.
I believe this is the best way to go, I would suggeest for yourselfs to first figure out what your goals are and work towards them.

By WP Affiliate Shopping Plugin on Feb 5, 2010 | Reply

you can start by reading all possible materials and tools in forex trading. you also need to practice virtual trading to hone your skill in predicting currency trends and assess your capability to win in your trades. you can download a free forex ebook and a free demo account from this source. all the best.

By sheki on Feb 5, 2010 | Reply

You could try a site like sharebuilder or E-Trade and do some research there. Banks are really good in this economy, Bank Of America and CitiGroup are two that I personally own. I also use an auto trader that works on my PC. It does a lot better then most think. Its called stock assault and I tried it because I liked the free demo and If I didn’t like the product I could return it for a refund so I figured why not. The site is below, I would recommend trying it at least. If you don’t like it you can always return it.

By Tj M on Feb 5, 2010 | Reply

The stock market is much safer than Forex (I trade both).
If your goal is to trade through technical analysis, take the time to learn the subject and create a system that works for you. You should consider a year to three as the average needed to have a working knowledge of the subject.
Don’t lose sight of the need to understand Money Management and trader psychology…… the shorter your time frame… the more important these become…. more than 50% of your profit will come from these skills… Without them you’ll end up a loser.
Hard work is the bottom line.
Good luck!

By Common Sense on Feb 5, 2010 | Reply

In nowadays market crisis, If you would like to make money in the market and serious about it, you can google for HSFX Asset Management and start making consistent profits!