Is there anyone in here who can teach me personally how to TRADE FOREX/STOCKS online.(james_patric2002)...
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Answer:
James,
An Angel would be the first person to tell you to stay away from Forex. The Forex market involves a good amount of risk. No one should invest in Forex with money that they cannot afford to lose. The fact that you and your family are "almost broke" makes it clear that you cannot afford to lose any money. This causes me to advise you very strongly to NOT entertain the Forex market.
Anyone advising you to participate in the Forex market is not your Angel.they are in fact your worst nightmare. They are more interested in their own interests rather than truly caring about the financial well being of a client.
My best wishes for you and your family.
Paul
You can take the course for forex trading on line, forex trading high quality instruction at. www.fxpowercourse.com.
If you are almost broke it would be very, very difficult to trade stocks for a living, because you would need at least 5,000 for a trading account, not counting that it is probable you will blow up your account once or twice before learning.
With forex you need less money and could earn huge amounts of money (or loose it very fast). What I would recommend is that you open a game account at fxgame.oanda.com, it is free and you can practice... and don't open a real account until you know the game (you could open one for $500 or so to start).
babypips.com is a good website to teach the forex basics.
I have been trading stocks for many years now, and I am only at the phrase of "not loosing money"... which is suppossed to come before making money.
Good luck.
Hey James,
Can I be your angel? I have been working on this strategy. On a good week it gives 8-10 percent return. On a bad week it gives 4-6 percent return. The results have been very consistent so far. There are times when my strategy loses money, but the chance of losing money is low, and the amount loss can be relative small compared to the gains. If you're interested, email me at nliang@luc.edu, and maybe we can trade together.
The reason I am inviting you isn't because I am godsent. Well, maybe I am, BUT I really want to know if it's working because I got skills or because my strategy really works. So yea, email me and lets get started next week. By the way, go to www.oanda.com, and set up a game account. That's where I trade.
Hope to hear from you soon.
nliang@luc.edu
Please understand that Forex trading is risky business and it takes time to learn it. I have gone through many painful episodes and am still learning. As I am sure you are well aware that economic conditions are dynamic in nature. What we can do is sharpen our skills in taking calculated risks through experience. The objective is to make more winning trades than losing ones.
Alright enough chit chat, I am a Forex trader for almost 2 years. I have no formal education in this, all my trading skills have been self educated and practice. If you still think I am qualified then by all means feel free to contact me.
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