Answers
My brother in law didn't work for 2 years and he is now doing the forex investment for 2 years, but until now he still didn't earn any money, but he said he will earn a lot after he found a good strategy. He is now have a new born baby, and my sister need to work hard to survive. and my brother in law didn't work any part time to earn any money, i'm worring about this. can anyone tell me that forex investment really can earn money?
First of all, yes it is possible to earn money in the Forex marketplace. However, it is unlikely that your brother in law will.
Two of the biggest challenges working against most traders in the Forex market are fear and greed. The longer one is unsuccessful....the greater the impact of fear and greed, especially fear! If you couple on top of that having a young child and having a spouse that is having to support your "wishful thinking"... he is doomed.
My recommendation is that you encourage him to take a fresh start. First, go get a job ... so that he can start getting his head back on straight and taking care of his family obligations. He can put aside a small amount of money each paycheck in order to invest at a later date.
One should never invest in the forex market with money that one cannot afford to lose....and it is quite clear that your brother in law cannot afford to lose a nickel.
Once he gets his family obligations back in alignment he can take a fresh look at the possibility of investing in the Forex market as a portion of an overall investment strategy. There are conservative strategies that can be implemented in the Forex marketplace that can generate a consistent return. These strategies can be a very rewarding element in a sound financial investment program They can also be implemented in such a way that fear and greed are removed from the equation.
He does not need a college education or an MBA. What is required is a good dose of common sense.....and the assistance of someone who is willing to provide a little guidance.
Best wishes for your brother in law's success.
Also, the person above that indicated that 10% per month on $100,000 is $1,000 is a little off.....10% is $10,000 per month!
Paul
www.LotsofPips.com Formulas and practices for managing your money in the forex market. How to calculate position sizing using risk tolerance and ...
Hi,
Has anyone heard of or know of any forum reviews or have made investments with the following HYIPs "forex-moneymaker, loon fund, your profit here, golden forex investment, capital investment central, market forex ltd, nortel investment and investment forex online?"
I am doing my due dilligence before i place my investments in any of them? Tips, advice and personal experience are very helpful.
Million thanks,
KJ
you can check out your options in this site. on thing is for sure, the forex market is so volatile nothing beats the advice you can get from a real live person. this site provides each registered trader a personal Account Service Manager to be the mentor/adviser and is always available to answer all queries and technical questions. besides, you can always interact with expert forex traders in their chat room. to top it all, they can even set your rates for Take Profit and Stop Loss, thus, enabling you unlimited earnings yet limit your loss, if in case, to only your set amount. with a minimum deposit of $100 you can already start trading and you can even fund your capital with your credit card as you like.
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Refer this
http://www.freeonlinesharetips.blogspot. com
try this;
http://subvertandprofit.com/user/signup? referrer=StockAnalyst
You can make easy money, but honestly, don't expect to be millionaire from it.
they say you can make up to 22% a day (compounded). I ran numbers that show a one time investment of $30 over 15 weeks (adding all your daily profits to the principal) can yield over $1 million a week (if you reinvest every cent). Seems too good to be true, yet maybe worth risking $30 for? this is the site... i joined to see if I could get more info but haven't paid anything yet. http://www.ffincome.com/index.php?ref=Je tton
they say you can make up to 22% a day (compounded). I ran numbers that show a one time investment of $30 over 15 weeks (adding all your daily profits to the principal) can yield over $1 million a week (if you reinvest every cent). Seems too good to be true, yet maybe worth risking $30 for? this is the site... i joined to see if I could get more info but haven't paid anything yet. http://www.ffincome.com/index.php?ref=Je tton
** By the way... I'm not trying to get your money making schemes... I'm trying to find out if this scheme is legit**
Beware of Foreign Currency Trading Frauds:
The advertisements seem too good to pass up. They tout high returns coupled with low risks from investments in foreign currency (“forex”) contracts. Sometimes they even offer lucrative employment opportunities in forex trading.
Do these deals sound too good to be true? Unfortunately, they are , and investors need to be on guard against these scams. They may look like a new sophisticated form of investment opportunity, but in reality they are the same old trap – financial fraud in fancy garb.
Forex trading can be legitimate for governments and large institutional investors concerned about fluctuations in international exchange rates, and it can even be appropriate for some individual investors. But the average investor should be wary when it comes to forex offers.
The Commodity Futures Trading Commission (CFTC) and the North American Securities Administrators Association (NASAA) warn that off-exchange forex trading by retail investors is at best extremely risky, and at worst, outright fraud.
How do the scams work?
Forex scams attract customers with sophisticated-sounding offers placed in newspaper advertisements, radio promotions, or on Internet sites. Promoters often lure investors with the concept of leverage: the right to “control” a large amount of foreign currency with an initial payment representing only a fraction of the total cost. Coupled with predictions about supposedly inevitable increases in currency prices, these contracts are said to offer huge returns over a short time, with little or no downside risk.
In a typical case, investors may be assured of reaping tens of thousands of dollars in just a few weeks or months, with an initial investment of only $5,000. Often, the investor’s money is never actually placed in the market through a legitimate dealer, but simply diverted – stolen -- for the personal benefit of the con artists.
Investigate before you invest:
Investors should make sure that anyone offering a forex investment is properly licensed and has a reputable business history. The public can obtain information about any firm or individual registered with the CFTC, including any actions taken against a registrant, through the National Futures Association (NFA) Background Affiliation Status Information Center (BASIC), available on the NFA website. You can also find out if someone is registered by calling the National Futures Association at 1-800-676-4632.
...If You Want to Learn More about Successful Trend Trading In Forex Take the First Step, By Going Here: http://www.urlpire.com/?MALFY
Daily Forex Report - USD lower as the DOW hits 2009 high
USD traded mixed to start the week weakening versus the EUR and commodity currencies and gaining versus the JPY and GBP. USD decline was attributed to ongoing concern about USD reserve status and improving risk appetite as equity markets rally in Europe and the US. Fresh concern about USD reserve status was generated by a Bloomberg report which says that 63% of new central bank reserves were converted into the EUR or JPY in Q2 2009. Earnings optimism fuels demand for European and US equities. Report of better than expected earnings at Royal Philips Electronics of Europe sparked a 1% rally in European equities. The trade will be focused on this week's earnings reports from the US. GBP was pressured by a report that the Center for Economics and Business Research (CEBR) says that BOE interest rates could remain low for the next five years and UK PM Brown warns about the risk to the UK economy of an early exit from quantitative ease. CEBR went on to say that they expect the BOE to again expand quantitative ease. JPY traded lower pressured by profit-taking sparked by improving risk sentiment and report that Japanese investors are looking to place funds to work abroad as the global recovery gains traction. Commodity currencies continue to benefit from improving risk appetite with the AUD supported by report that Australian banks are likely to begin to raise rates at a faster pace than the RBA and CAD supported by firming metals prices. USD remains vulnerable to improving risk appetite, anticipation that the Fed will maintain low yields for some time to come and speculation that there is no US or G-7 consensus on the need to support the USD. The UK Telegraph reported that the US policy of benign neglect for the USD is dangerous, but the Financial Times says that strong US economy needs a weaker USD. Trading conditions were thin due to holidays in Japan, Canada and the US.
What is the best forex robot available and do you recommend? | The ...
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