I am a 20 year old college student i have been trying to learn the foreign exchange market for almost a year now. I have taken online classes through my broker also read a couple of books. I have also tried software. There is something that i am missing, i have tried all types of formulas in determing trades and i am never right. It seems as if I can make money on the practice account, but i lose money on my real account. It seems as if the market trades against me everytime. Can someone please help?
Are there any other methods or formulas that are proven to work for the Foreign Exchange Market?
I am a 20 year old college student i have been trying to learn the foreign exchange market for almost a year now. I have taken online classes through my broker also read a couple of books. I have also tried software. There is something that i am missing, i have tried all types of formulas in determing trades and i am never right. It seems as if I can make money on the practice account, but i lose money on my real account. It seems as if the market trades against me everytime. Can someone please help?
2 Responses
July 28th, 2009 at 5:32 pm
If there was an answer, we’d all by millionaires. Like the stock market, the fx market is a speculatory market. There is no formula to guarantee success.
July 29th, 2009 at 4:26 pm
sorry to say but the forex market is so volatile no amount of mathematical maneuver can predict the currency pair rates not even central banks for that matter. you may want to check your options in this site. by trading with them, they will provide you a personal Account Service manager who is actually an expert in the field of forex trading to be your mentor, adviser, friend and trading partner and can give expert advises, tricks and strategies to become successful in your trading activities. and other expert forex traders are in their chat room to assist you by all means. you can make a try with them and see how you will make it this time. good lyuck.