$40K per month... thoughts on forex markets?

[homebiz24]

I have 10K a week coming in through my primary business... looking for investments.

I have heard a lot of buzz around "forex"...

Is anyone using the forex markets to earn 20% with their cash?

For those of you earning net $40K to $50K/month... what are you doing with all the extra cash?

I'm open to hearing about other investments but wondering primarily about forex markets...

I think I remember a bunch of people jumped into freedomrocks back when PAS recommended it... what kind of returns are you seeing using that software?

Thanks!

[philena30]

One of my members in my South Chicago Work At Home Meetup Group is with Freedom Rocks. Her name is Charise. Here's her site
<a href="http://www.TheForexGoddess.%20com" target="_blank">
http://www.TheForexGoddess. com</a>

Tell her Philena sent ya. [img]smileys/smiley4.gif[/img]

[Blade]

Before you put real money into Forex use fake money and see what happens. There is a lot of money to be made in the money markets but it is also easy to lose a lot quickly. Start slow and see what happens.

As for other investments, I put some of my money into over the counter stocks or what is better known as penny stocks. You have to do your home work to find the deals but there are some great companies out thier trading low right now. You can turn a few thousand dollars into tens of thousands of dollars with the right investment.

For sure put some of your money into to some good solid stocks for long term growth.

I don't know if there is one but we need a investing folder on Wahm. It would be fun to share ideas and what we are investing in.

Thanks, Blade

[Blade]

Before you put real money into Forex use fake money and see what happens. There is a lot of money to be made in the money markets but it is also easy to lose a lot quickly. Start slow and see what happens.

As for other investments, I put some of my money into over the counter stocks or what is better known as penny stocks. You have to do your home work to find the deals but there are some great companies out thier trading low right now. You can turn a few thousand dollars into tens of thousands of dollars with the right investment.

For sure put some of your money into to some good solid stocks for long term growth.

I don't know if there is one but we need a investing folder on Wahm. It would be fun to share ideas and what we are investing in.

Thanks, Blade

[healthyfood4me]

Blade is correct.......when opening a FOREX game account, the key is to only open it for as much as you would if the money were real. Trading is very psychological. So, even though you can open a game account for $100,000 in fake money, you will trade differently compared to trading with only $10,000 of REAL money!

I have been a professional Forex Trader for 4 years now and absolutely LOVE it, but it takes more training and expertise than what companies like Freedom Rocks and Forex Made Easy can give. Stay clear of companies that use signals........anyone who needs signals to trade, shouldn't be trading, honestly.

Forex is an extremely volotile market and trades 24 hours a day, 6 days a week. It can be very lucrative, though, for those who have done thier homework and are willing to invest alot of time learning how the market works. There is also the need for knowledge in technical analysis and economics to trade fundamentally.

If you have any specific questions, don't hesitate to ask!
Beth Graves

[JessicaByers]

May i ask whatisthe Forex website? thanks

[healthyfood4me]

There are many forex brokers, each with pros on cons of using each platform. You can easily do a google search on Forex and you'll have plenty to choose from. I have used the same broker for 4 years. There is a lot to consider when choosing a Forex broker.

[JessicaByers]

Originally Posted by healthyfood4me

There is a lot to consider when choosing a Forex broker.

can you give some example of what to consider?

[healthyfood4me]

Honestly....it really depends on what is important to you. Technical indicators that the platform offers, what types of graphs and charts they use, spreads on each pair, fees for holding open positions (if any), leverage and margin (100:1 or 200:1). These are just a few examples of things to consider.

[JessicaByers]

Originally Posted by healthyfood4me

Honestly....it really depends on what is important to you. Technical indicators that the platform offers, what types of graphs and charts they use, spreads on each pair, fees for holding open positions (if any), leverage and margin (100:1 or 200:1). These are just a few examples of things to consider.

thanks, almost sounds complicated...lol... i know nothing about forex but have been interested in investing for a while now so i guess i need to start learning more about it.