Question by zubairsheikh1212: Is it probable to make a excellent revenue about a month with Foreign exchange investing?
I am a beginner and attempting to find out foreign exchange. Is it achievable to make this kind of gains? I intend to invest say some thing about £250. Also, when is the very best time to buy currency? What are the methods in finding out the greatest point in time to get?
Finest remedy:
Solution by iansand9876
It is probable. However, it is possible to make a large loss. Foreign exchange is higher danger investing unless of course you know what you are performing.
Include your very own answer in the feedback!
May 24th, 2011 at 12:04 pm
gotta try it and find out. it’s a gamble either way.
May 24th, 2011 at 12:13 pm
Absolutely..However you need to know strategies to trade. Because as much is it lucrative, its equivalent risky also..
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May 24th, 2011 at 1:03 pm
Yes, you can make a lot, but you can also lose a lot. You need to learn risk management and financial management strategies before you start.
“The best time” depends upon your strategy, your ’system’, your ‘rules’ and your psychology. If you are asking such a question, you are indicating you first need to get educatied.
Each person’s “strategies” are different, appropriate to their personality. If you are good enough, you can make money no matter what the market is doing, because in 4x you can sell or buy a currency pair. My answer, again, is get educated.
Overall, I suggest you take courses or read books on the subject.