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Sunday, February 22, 2009

Is Forex Trading Right for You

Please allow me to start with this: I am a forex trader that is just getting started more or less in the forex trading market. Yes I do have a live account and I am trading foreign currencies daily. Nope, I am not getting rich. I am trading to make money and that is happening but not in leaps and bounds but 1 step up at a time, some times 1 dollar at a time. I have done a lot of research in this foreign currency trading before I even down loaded my first free demo account.
It's a good thing it was a demo account or I would have had to sell the farm just to get back to even. Great experience, but trusting to luck, fate or whatever you will call it is not the way to start trading. Trading forex has an extensive learning curve that can not be mastered in a couple of days. Impatient people like me just have to go about it the hard way and that can get expensive in a hurry.
Forex trading robots are out there trading everyday, making good trades by being programmed with the ability to go by what the trend was in the past and apply it to the future or the trading going on today and being right and making a profitable trade.
Maybe scalping with a forex robot is the way to go.

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