Options Trading Tutorial

FOREX - SI IT THE RIGHT OPTION NOW ?

Hi all Is FOREX the right option in these days when the stock exchanges are crashing ? Please expalin ec

Public Comments

1. 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 professions 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. 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.
2. Yes. Forex is a good thing to have in any trading portfolio because it adds diversification. You should probably not be dealing in forex because of the way you phrased your question. Forex is a trading vehicle, not a long term investment. In trading stocks, the stock market going up or down makes no difference. If it's going up, you make money going long. If it's going down, you make money going short. To make money in forex, you have to be comfortable trading both sides of the market. The fact that your question seems to equate going down with "bad" or the absence of money making opportunity concerns me.
3. do not get involved in it if you want to keep you money! it is kind of money gambling! do not waste your time checking or asking about it. do some actual business which you can see something!
4. forex is definitely one of the options with vast potential in making money but only if you have the right skill, technique and strategies developed to profit from it. if you are still trying to figure it out, get into this site and register to download a Free Forex Ebook and a Free Demo account as well. all the best.
5. A dangerous game.no doubt.
6. I would assume that with the onset of recession (if/when it happens) there will be much more uncertainty in the market, which leads to a withdrawal of highly speculative money, which in turn lowers liquidity, and which increases volatility. If you are purely a trend trader, then you have to trade smaller to accommodate wider stops; if you are a volatility trader, well, then you're in clover, unless you happen to be on the wrong side once too often, in which case you can go under very quickly...
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