daily forex trading ideas

It's basically the game-changing operations legal?

I'm a college student who won a large lawsuit and have been used to pay my expenses. However, sick of seeing my bank account slowly deminish, I've been looking for a way to earn enough money to pay for gas, beer money and sushi consisting only of me sitting at my computer for an hour or two a few days a week. I came across Forex trading and have been investigating thouroughly. After reading the daily journals of traders apparently most of them barely break even in the long term. I feel that it might be playing online poker. Is it worth it? Any other ideas? Is it better futures trading?

Well firstly I do not know any successful Forex merchants who publish their journals. They are very happy to make a good return on their investment without having to brag about There are some conservative strategies to invest in the forex market that many people consider too boring and certainly not complicated enough. There seems to be a breed of players who enter the Forex market in the same way the belly up to a roulette wheel in Las Vegas. I ran an analysis of a couple of weeks you might find interesting. First, it is important to note that this is based on historical prices and not necessarily representative of future results. But it is interesting. Say you opened a conservative hedging trade in the first of each month, these $ 10,000 and year.with used a conservative margin of 10% is just let the account sit and did not touch what he seemed on 07/20/2007 (the day he ran the analysis.) If you opened your account on January 1 = $ 13,161 on February 1 20/07/2007 = $ 13,645 March 1 = $ 11,924 April 1 = $ 12,045 May 1 $ 10,473 = June 1 = $ 10.530 None of these accounts has been close to a margin call accounts and Jan and February seems to have faired pretty well through the adjustment of China in late February or early March so I guess the moral of the story is that it is not the Forex market is the problem. It is the human element of greed, fear, ignorance and lack a conservative investment strategy. It is not what you do but how you do! Good luck with your decision process. Paul

PM Forex Trading Outlook – Daily FX News January 29, 2010

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