> The truth about Forex trading...?

The truth about Forex trading...?

Posted at: 2014-12-05 
People who actually make money at it include fund managers. A few years ago (before the market crash of 2006-7) the Wall Street Journal had an article about how the top 25 fund managers had a combined personal income of $17 billion in the previous year. Billionaire George Soros made his fortune trading Forex. There are also day traders, speculators, and even investors who do some of this.

That being said, if you want to make serious money go to college for 6-8 years. Maybe a Masters or PhD in economics with a minor in math (study very advanced kind of math).

Ultimately it's not that much different from making your fortune in gold or diamonds. Get a PhD in geology, work for big mining companies for about 10 years, then go in partners with somebody and start your own mining company.

Have you read what the CFTC (US regulator for forex) has to say? Link below.

Novices get slaughtered in forex. That's why you see so many advertisements looking for new suckers.

If a broker guarantees results, run. It's not their job to make money for you. Their only job is to provide you with access to the market. Furthermore, any reputable managed Forex fund will give you realistic expectations. No one can guarantee profits.

Drop a couple of "oo"s and you've got it correctly - "Loots". Forex trading is simply gambling, and for every person who makes money there are probably ten people who lose money. If people could make money by staying home and playing on their computer, literally nobody would be going to work - anywhere.

i was looking for a way to make money online when i crossed this Forex sites that "promise you to make loooots of money"... now i made my research and i figured out that lots of people fall in this trick and loose their entire money in the first months... this is why Forex trading is scam... but then i read in several places that Forex is a way to loose money because people are not ready for it... from what i read i understood that in order to win in Forex you need years of study and experience and stuff like that... now my question is about a particular person who is really smart and had properly studied and prepared him self for Forex trading... can he makes lots of money from Forex from his own hard work and study and not by chance and luck??? or whatever a person study and prepare him self there are nooo way that he makes money because Forex is 10000000% scam except if he was lucky person???

if you have tried or experienced Forex trading please mention it... thank u all