Is it possible to safely earn 5% of $10,000 daily net of charges while trading in the forex market?
This is probably a stupid question but I don’t want to try online forex trading unless this is answered.
ALL forms of trading involve risk. Trading on the foreign exchange market is EXTREMELY risky unless you have time to make it your FULL TIME job. You can beat 5% annually with SIGNIFICANTLY less risk with a decent mutual fund.
NO ONE make 5% daily on a regular basis.
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July 4th, 2010 at 12:18 pm
I read an article in one of those magazines that said
Only 20% of the people make money their first year in.
I would not touch forex unless I knew all about it first from a good book.
I think too many people are falling for easy money without self-educating themselves first.
Also google Forex Scam - there are some pretty bad companies out there.
Make sure anyone you are with is reputable.
I would try options before I would ever get involved in forex.
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References :
July 4th, 2010 at 1:03 pm
It’s a bit difficult to figure out exactly what you’re asking, but you’re extremely unlikely to earn a 5% daily return on *any* investment.
Also, "safe" and "high earnings" don’t go together. High rates of return are normally the payoff for taking on a lot of risk.
References :
July 4th, 2010 at 1:40 pm
ALL forms of trading involve risk. Trading on the foreign exchange market is EXTREMELY risky unless you have time to make it your FULL TIME job. You can beat 5% annually with SIGNIFICANTLY less risk with a decent mutual fund.
NO ONE make 5% daily on a regular basis.
References :