Comments on: Learn Forex and Currency Trading Systems http://www.forexpassage.com/learnforex/forex-and-currency-trading Fri, 01 Jan 2010 16:25:59 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: Rabbit http://www.forexpassage.com/learnforex/forex-and-currency-trading/comment-page-1/#comment-156 Rabbit Fri, 01 Jan 2010 16:15:59 +0000 http://www.forexpassage.com/learn-forex/all-about-forex-and-currency-trading-system-part-1#comment-156 Please don't. Long ago, there was a book someone loaned me, The Richest Man in Babylon. The concept was to save money (10% was their figure) and invest it. Well, the student character in the story passed his lessons on to someone else and together they pooled their cash and bought some pearls or gems (I forget which). It turns out that they were worthless. The advice then given was "stick to what you know". Your purpose in life is not trading currency and playing a simulator is not the same. Unlike stocks, where you really don't lose more than you put in, futures can be extremely vicious. It can bite you. If the price suddenly goes against you, limit up (or down) for several days in a row, you could get a margin call for you to put up still more money. You could actually owe far more than you may have been prepared to put in. This is something that happened to me several years ago. My broker teased me with that old line, "There are bold traders, there are old traders, but there are no old, bold traders."<br><b>References : </b><br> Please don’t.

Long ago, there was a book someone loaned me, The Richest Man in Babylon. The concept was to save money (10% was their figure) and invest it. Well, the student character in the story passed his lessons on to someone else and together they pooled their cash and bought some pearls or gems (I forget which). It turns out that they were worthless. The advice then given was "stick to what you know".

Your purpose in life is not trading currency and playing a simulator is not the same. Unlike stocks, where you really don’t lose more than you put in, futures can be extremely vicious. It can bite you. If the price suddenly goes against you, limit up (or down) for several days in a row, you could get a margin call for you to put up still more money. You could actually owe far more than you may have been prepared to put in. This is something that happened to me several years ago. My broker teased me with that old line, "There are bold traders, there are old traders, but there are no old, bold traders."
References :

]]> By: Alvie http://www.forexpassage.com/learnforex/forex-and-currency-trading/comment-page-1/#comment-155 Alvie Fri, 01 Jan 2010 16:13:59 +0000 http://www.forexpassage.com/learn-forex/all-about-forex-and-currency-trading-system-part-1#comment-155 No, I suggest that you keep trading in your Demo account until you loose a few times substantial amounts of your play money. You need to experience the real risks of trading as well as the benefits. Or else you'll end up being overconfident, take excessive risks, and loose a lot of money when you start trading with real money.<br><b>References : </b><br> No, I suggest that you keep trading in your Demo account until you loose a few times substantial amounts of your play money.

You need to experience the real risks of trading as well as the benefits. Or else you’ll end up being overconfident, take excessive risks, and loose a lot of money when you start trading with real money.
References :

]]> By: suferdude67 http://www.forexpassage.com/learnforex/forex-and-currency-trading/comment-page-1/#comment-154 suferdude67 Fri, 01 Jan 2010 11:11:12 +0000 http://www.forexpassage.com/learn-forex/all-about-forex-and-currency-trading-system-part-1#comment-154 <b>Dont understand Currency Trading?</b><br>I understand stocks and i want to learn currency trading. i read a lot articles. i used the forex demo trading system. For some reason i do very well. I started out with 50k and in 20 days had 100k. and i have never had a negative trade. Every trade i did had positive return out of it. I dont know if im ready. i made over 1200 pip gain over 20 days and i only did this part-time. Like 2 hours a day. Somebody told me (trading is an art) i guess my purpose in life is to trading currency but i dont understand. Im a hvac tech. Do you think i should start to use real money? Dont understand Currency Trading?
I understand stocks and i want to learn currency trading. i read a lot articles. i used the forex demo trading system. For some reason i do very well. I started out with 50k and in 20 days had 100k. and i have never had a negative trade. Every trade i did had positive return out of it. I dont know if im ready. i made over 1200 pip gain over 20 days and i only did this part-time. Like 2 hours a day. Somebody told me (trading is an art) i guess my purpose in life is to trading currency but i dont understand. Im a hvac tech. Do you think i should start to use real money?

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