QUOTE(autoforexgroup @ Apr 21 2009, 09:53 PM)
It depends on your capital. Most University / College students like to trade Forex as it only requires minimum capital. You can start from as low as USD $100-500.
Whereas Mutual Fund and Stock Market is not attractive in this bear market and they require huge capital IMHO, their Risk : Reward is not good enough
You can drop me a PM if you like to know more. Thanks
above statements are 100% sales talk and is exactly how tons of ppl dig into their graves even after they became millionaires
(
story about why rich ppl kill themselves)
in long run, 99% chances are you lose all you had in forex.
the best you can get from forex is you get the beginner luck, win and pull out forever. Which is almost never the case.
if still want to invest in forex, always remember you can start FREE
1) download free software from metatrade with free demo account
2) learn the basic buy, sell, long, short, price gap, which currency pairs you can trade, which not etc.
3) form your own trading strategy, stick to it ( still in demo account )
4) learn to write EA scripts, back test your strategy in 3) and see if they work for how many currency pairs, what kind of market will it work etc.
5) when you find a strategy ( in EA ) that you have high confidence (ie. has been proven to earn consistently more than 15% for the past 10 years in more than 2 currency pairs ), then only you start putting money into forex.
if you have no persistency to go through all above steps, I guarantee your permanent lost in less than 500 trades.
sorry to those who earn their living from forex training, education, consultancy etc, but seriously you guys can do better to educate the right tings and the right ways in forex.
students should only play forex for the sake of learning, and with USD 100-500, one should only prepare to learn, not a long term accumulation for your serious future study fund etc.