Quote:
Originally Posted by PunkRockXXX
anyone here play with forex or make $ from it ?
whats the best way to go about doing so?
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I promote a couple of Forex firms as a mainstream product. A lot of people are trading FX right now. I tried it my self, but unfortunately not much luck. I wasn't realy commited to it though. I didnt even do any homework before trading. (thats a bad idea). It was more like gambling to me because of that.
Best way to get your feet wet is to signup for some demo accounts on a couple of different platforms or find one that allows you to open a real trading account for a small amount of money. Another tip: Dont use any of those platforms with the download trading applications (like MetaTrader4 etc) those are too complicated for a new trader. You will just loose all your money faster. Best platforms to use for now are completely web based etc. Much easier than those other ones.
And one final thing: If you realy want to give it a shot, then read up before you trade. Read all the economic indicators coming up and know when to buy or sell. Most good firms have very good customer support that can tell you what to look for when the market is moving and give you free training. Also make sure you only open an account with a regulated company (NFA, FSA etc).
Hope this helps.