Does anybody investing low make any money in currency trading?
Currency trading seems really difficult if you don't have big capital. Does anybody with little investment find it to be worthwhile? And do you make any good money?
Public Comments
- You are right Currency trading usually only benefits people with large capital/equity. I would recommend that if you have less than $50,000, to not bother investing in currency because it would not offer good enough returns and if your investment goes against you, you could easily lose your whole investment capital.
- Hi, Of course it is possible to make money with small amount too. Just you should act accordingly 3 main rules: 1. Always act accordingly your trading system 2. Act accordingly money management rules, i.e. always set stop loss that wouldn't exceed 2-3% for regular account or 5-7% for mini account. 3. Don't be greedy, i.e. your Take Profit targets shouldn't be to big. Of course it is very important broker you are using. Try always enter not from market but with pending orders when Buy Stop or Sell Stop orders are placed on the peak of swing (wave). It is divvicult to do it if broker allows to place pending orders farther than 10 pips. So look for brokers who allow to place pending orders as close as possible to the market price. 3-5 pips is enough. Also find broker who has tighter spreads. Trade 1 or 2 currency pairs. Every currency pair has it's own character. If you have any questions don't hesitate and apply to me via e-mail. Good luck!
- currency trading is not good and i prefer equity trading!
- stay away the only ones who make $ are the brokers who suck you in, huge hidden commissions .
- I believe that over 90% of the people who invest in the FOREX lose, but that's because they have no knowledge of the market. They usually try to trade the news and end up blowing up their entire account. Take a look at Brett Michael's strategy on www.myfxsecrets.com. I've been using the strategy for a while and I gain consistent daily returns. I'm not making thousands, but it's consistent.And the last time I checked an investment should yield consistent yearly returns and that's what this strategy offers.
- You do not need big money to make money in the Forex market. This is due to the fact that you have the ability to leverage your money up to 400 to 1. So $200 could control (and profit from) $80,000. The problem is you can also lose your $200 if you do not know what you are doing. I guess the best way to look at it is .....instead of big money, you need big knowledge. Fortunately there is plenty of free information available for you on the internet. The best thing that you can do for yourself is to open a couple of free demo accounts and you can actually trade Forex with virtual dollars without risking any of your own money. I do not let any of my clients invest their money in a live account until they have demo traded for at least 2 months. Best wishes for your success. paul
- it's a sea of mony but you have to learn how to get from is . 1- put your plane 2- wait for good move 3- don't afraid 4- don't be greeder with these rulls you will make your dreams mony
- There is money to be made, but I don't think there's enough to bet on with strong currencies. It would be pretty tough to make money on most major currencies unless the US dollar is one of them. Since the current administration has taken office, the dollar has lost over 40% compared to the Yen and to the Euro. So if you were betting that the dollar would lose ground or that either of those would gain ground, you would make some decent money, but even then it's only 6% per annum. you could probably do better elsewhere without the stress.
