Quote:
Originally Posted by onlineriches
People only talk about the good trades, for every successful trader there is 5 failures.
Forex accounts advertised side by side with Casino/Sportsbook/Poker should tell you something. It caters to degenerate gamblers that leverage themselves 100+:1 and eventually lose everything thinking they can make millions.
Just curious, what kind of leverage do you boys play with?
|
you are 50% right... a lot of people jump into forex and know nothing about trading.. and yes, they lose it all in short order.
i use 3 different brokers and i am at 100 to 1 leverage on all 3.. i never use more than 20-25% of my leverage and thats only if i am cost averaging several times..
typically i only use 2-3% of my leverage ability and thats what seperates me from the people that try to hit grand slams and end up striking out..
i am going to post my trades each day when i am finished for the next week and people can judge for themselves...
i will be the first to say that forex is def not for 99.9% of the people.. you will lose all your money if you dont know what you are doing, but with a little common sense and a lot of self educating, you can make money every day trading...