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 Message Boards » » what the fuck is "Forex" ? Page [1]  
Amsterdam718
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i keep hearing this come up out the mouths of "former" real estate agents mostly. is it some type of con? i can't see making money off foreign exchange rates and realtors aren't the smartest bunch of ppl in my opinion.

1/25/2009 6:49:57 PM

pooljobs
All American
3481 Posts
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foreign exchange

because of the leverage you can use you can actually make a lot of money, but you can also lose your money REALLY fast. i like fxcm, you can start with a mini account but you are probably better off playing with fake money. if you are a student the campus library has some good books to teach you the basics and tells you what reports you need to be reading and looking out for. it was really easy to make money when the dollar was falling, you just had to open short positions and wait. you need to have a lot of free time though, or if you aren't watching it constantly be sure to set your stop limits carefully and check in occasionally to move them.

1/25/2009 6:59:35 PM

Amsterdam718
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a guy that was a former mortgage broker was trying to talk me into it, but i think its a bit much.

1/25/2009 7:06:04 PM

pooljobs
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its a lot of work to come out ahead, get a sample account and play around with some fake money and see how you do

1/25/2009 7:07:22 PM

Big Business
Suspended
9099 Posts
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Firefox

I'm Big Business and i approved this message.v

1/25/2009 7:09:03 PM

OhBoyeee
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2164 Posts
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i have a mate who trades on the forex, sometimes he gets real fucking drunk and steps on peoples heads. If he wasn't such a legend when he is sober I would call him a fucking idiot and leave.

1/25/2009 7:10:36 PM

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