Making money trading forex

[alreadypacked]

Ah, but I have some magic beans...

Don't swap him all your beans, you might be hungry later.

[sasguru]

They'll inherit my looks and my brains, what more could they ask for?

So they'll be lardy dunces. And poor ones to boot.

[MarillionFan]

No you are right, I'll stop this £2K a day pure profit nonsense straight away. Get a low paying permie job like sasguru and do it the hard way.

I hope you're planning to pay tax on that young man.

What's the tax rate on Fantasy Island?

[DaveB]

Blue lines can't go pink stupid, they are trades already closed in profit.

I'm 61 pips up already today, so for the dunces, that's £610 and it's not even 10 am.

OK, I'll rephrase it for the hard of thinking.

How much would you have lost if all those blue lines had been pink?

[MarillionFan]

OK, I'll rephrase it for the hard of thinking.

How much would you have lost if all those blue lines had been pink?

But Dim never loses. That's the beauty of it. He's just too clever. [taps nose]

[DimPrawn]

OK, I'll rephrase it for the hard of thinking.

How much would you have lost if all those blue lines had been pink?

£48 trillion pounds and 37p.

[KentPhilip]

Blue lines can't go pink stupid, they are trades already closed in profit.

I'm 61 pips up already today, so for the dunces, that's £610 and it's not even 10 am.

Therein lies the problem.

Yes you will make money with this method if the forex markets are benign, trading in a range to and fro. But what happens on a fairly regular basis is a storm comes in and the markets start to move far from the "normal" range of values. In this scenario you don't know what will happen (because you have not experienced it yet). But my bet would be that the service will keep any existing trades open, resulting in you accumulating massive losses, in the possibly vain hope that markets will revert to mean allowing you to not have to crystallize those losses.

If you have plenty of capital, and plenty of patience, you will probably be able to ride out the storm, but do you have the balls to see thousands disappear in front of your eyes?

Do you feel lucky, punk?

[Dearnla]

I quietly chuckle at some of my close friends who have gone into various ideas over the years. One trades shares and then boasts when he's "won" loads as the value rises. He drives an 8 yr old Vauxhall Signum with 150k on the clock. Another guy earns shedloads on day rate and moonlights consulting for someone else. He sleeps about 2 hours a night and still has a mortgage. Another had several rental properties and then told us about all the court proceedings to evict tenants that wouldn't pay and get back rent. What do you expect when you buy in Northampton town centre??

My money is in the building society, it's still there, it's gonna stay there and I'm the one who has paid the mortgage off and sleeps at night, thank you very much.

[DimPrawn]

I quietly chuckle at some of my close friends who have gone into various ideas over the years. One trades shares and then boasts when he's "won" loads as the value rises. He drives an 8 yr old Vauxhall Signum with 150k on the clock. Another guy earns shedloads on day rate and moonlights consulting for someone else. He sleeps about 2 hours a night and still has a mortgage. Another had several rental properties and then told us about all the court proceedings to evict tenants that wouldn't pay and get back rent. What do you expect when you buy in Northampton town centre??

My money is in the building society, it's still there, it's gonna stay there and I'm the one who has paid the mortgage off and sleeps at night, thank you very much.

Good for you! I bet the long winter nights just fly by thinking of how much your £20 in the building society will be worth when you retire, aged 85.

[AtW]

Not going to reveal the source until I've made £1,000,000

So in about 9 months I reckon.