help - how do i make money in the forex

charlescotter

Newbie
Messages
1
Likes
0
all i have ever done is loose money trading.

i need help

my arizona real estate business is in the toilet.

i need to make money now, in the forex.

please help.
 
all i have ever done is loose money trading.

Oh well first thing to do is stop trading

i need help

You need to write a trading plan and to figure out your methodology.

my arizona real estate business is in the toilet.

It could get a lot worse, so either work harder at it or get what you can for it.

i need to make money now, in the forex.

You need a whole pile of education and experience before you will make any money trading.

please help.

None of the above will seem like help...but it's the truth.

http://www.trade2win.com/boards/general-career-advice/12585-trading-plan-you-must-have-one-2.html

post 48 in this thread ...Trading Plan..
 
all i have ever done is loose money trading.

i need help

my arizona real estate business is in the toilet.

i need to make money now, in the forex.

please help.

Desperation is a sure fire way to blow your account and lose more money that (by the sounds of it) you cant afford to lose.

Your looking at this from the wrong angle. What if I was to say to you that my trading is in the toilet and need to get into real estate and need to make money now.
 
Hi Charles,
Welcome to T2W.
After the first two responses, I imagine you're hoping that someone will come along and tell you something that you want to hear. Something like 'with a mere $1,000 trading capital, you'll be making the same each month, easy peasy!'. Sorry bud, it just doesn't work like that. C_V and Lee are absolutely correct. If your business was doing well and you could afford to take out a chunk of money AND time without it affecting your business or your lifestyle (i.e. money and time that you can afford to lose), then that's the time to think about learning to trade. If you start trading now, I'm afraid it's a virtual certainty that a bad financial situation will get a whole lot worse. And a highly leveraged product like FX is especially dangerous in the hands of someone who doesn't have the requisite skills and experience to trade it. If you're absolutely adamant that you want to give trading a go, at least start with stocks which will help to limit (but NOT eradicate) the extent of the financial nightmare that is literally only a few clicks of a mouse away.
Tim.
 
Top