Forenx Market
 

Do you think money can actually be made in the foreign exchange market? The quotes go up and down in seconds, so the moneys are changing almost every second. Sometimes the one market can actually change 2 times maybe even 3 with in the same second!!

If your currently doing anything in this market i would like to speak to you. Also what program are you using or which broker are you with. Thanks

You can make shitloads of money with Forex, if you know your shit.
Many HYIPs on the Net trade mostly on Forex.
Although, I know better markets, so no forex for me.
1.5 trillion dollars traded daily, there is loads of money in Forex ,
:-) !

There are some places where you can open account with play money and see how your trading goes. Can´t remember the places, search on google, if you wan´t to try out yourself.

I think that you have to be a big player when you're in the foreign exchange biz. You have to know the rythm of the money too....

http://www.moneytec.com/index.php I'd ask that question here and see what response you get

I am signed up with the free trial program.. This weekend im gonna read up on all this, and see what happends. Thanks guys

it's all about knowing information, and about volume of $...

A friend of mine who is a developer in Brazil and owns some whorehouses as well was visiting in Bangkok and I watched him make $50k in 15 minutes... Granted he was moving tons of cash...

The next morning I asked how he faired and he had lost 10k of that 50k while he was sleeping...

The insight I got from him was, he *knows* that on the (dont quote me) the 17th of every month is the date the Canadian oil companies pay the Middle East or something, and on that day the currencies usually do something similar, jump a certain way... stuff like that is what u need to know to lower the odds against 'the house'...

He does it for pure fun... (MUST BE NICE! fucker)

Thats fucking great.

Oh it's Forex, Not Forenx I believe.


Somoene was exaplaining it to me once.... I guess the leverage is so great that with as little as $5000 or so you can be trading millions of dollars worth of cash or something (could be wrong).

Could someone who understands it try to break it down in a nutshell?

Sold USD/CHF a few minutes ago, nice move on my part :winkwink:

How much do you need to get started? Just $1,000 or more?
Can you do it on scottrade or ameritrade or do you need to go someplace special?

You can start also with 50$
My suggestion is to use a FX broker(like www.oanda.com but there are many others) it's a very interesting market, very different from stocks

How is that signal provider / chatroom working out for you?