Comments on: FOREX AND STOCKS http://www.forexfella.com/forex-and-stocks.html Forex Currency Trading Brokers, Forex Charts, Forex Signals Fri, 04 Dec 2009 19:15:45 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Sarah http://www.forexfella.com/forex-and-stocks.html/comment-page-1#comment-104 Sarah Fri, 27 Nov 2009 09:45:32 +0000 http://www.forexfella.com/forex-and-stocks.html#comment-104 Stocks at this stage are easier, and I personally prefer stocks. Currency trade is not so easy to predict for one thing, your predictions are based on large amounts of international data, which most do not keep abreast of. Infact the forex markets are more speculative in nature in my humble opinion. Secondly currency at this point in time will be very very volatile, thanks to the troubled dollar. Stocks on the other hand are less volatile. You do not need to keep up with or be abreast of everything that is happening in this world, but just know everything about the company you are investing in. You do not need to look at financial statements and technical info every month, but all you do is just track the price and news around that industry. Yes in forex you will have to only track just the few major currencies. And trading in forex is cheaper and you get higher margins. But the art of getting forex gains write all the time is not an easy one to formulate. Stocks at this stage are easier, and I personally prefer stocks. Currency trade is not so easy to predict for one thing, your predictions are based on large amounts of international data, which most do not keep abreast of. Infact the forex markets are more speculative in nature in my humble opinion. Secondly currency at this point in time will be very very volatile, thanks to the troubled dollar. Stocks on the other hand are less volatile. You do not need to keep up with or be abreast of everything that is happening in this world, but just know everything about the company you are investing in. You do not need to look at financial statements and technical info every month, but all you do is just track the price and news around that industry. Yes in forex you will have to only track just the few major currencies. And trading in forex is cheaper and you get higher margins. But the art of getting forex gains write all the time is not an easy one to formulate.

]]> By: William M http://www.forexfella.com/forex-and-stocks.html/comment-page-1#comment-103 William M Fri, 27 Nov 2009 03:29:52 +0000 http://www.forexfella.com/forex-and-stocks.html#comment-103 Both Stocks, options, or trading forex are not generally easy to learn right off the bat. It depends on A. How much money you have to work with if you are trading stocks or options you should have at least $3,000 to $5,000 to start with. You want to use all you money to begin trading, in case you lose you want to have enough to keep going. With forex you can start out with less because you can leverage your account trading with a mini or micro account -- You can start out with $1000 some brokers let you start with $500. B. You need to get educated about stocks and reading charts either way. Personally I spent thousands to learn how to read charts, manage money, how to set your stop loses, control my emotions while trading(VERY important), etc etc. Remember only about 3% or traders out there actually make money on a consistent basis. That’s because they under stand technical analysis, and fundamental analysis. The pro's are just taking money from the people that don't get a good education. The good part is once you learn this you know this and do it for a long time. One way you can start learning is by paper trading to learn different strategies before you start the real thing. The down side is real trading is still a lot different from paper trading. I still do this if I am trying a new strategy. One shortcut using Forex is to subscribe to a call service or forex signals. They will look at the markets and find a high probability trade and they will tell you where to enter a trade and where to take profit, and where to set your stop loss. One service I found offers a 2-week free trial, to the service- you can paper trade it to see how it works. I think it’s the only one that has a free trial. He also shows how he made the trade so you can learn how to do this on your own. Good luck! Both Stocks, options, or trading forex are not generally easy to learn right off the bat. It depends on

A. How much money you have to work with if you are trading stocks or options you should have at least $3,000 to $5,000 to start with. You want to use all you money to begin trading, in case you lose you want to have enough to keep going. With forex you can start out with less because you can leverage your account trading with a mini or micro account — You can start out with $1000 some brokers let you start with $500.

B. You need to get educated about stocks and reading charts either way. Personally I spent thousands to learn how to read charts, manage money, how to set your stop loses, control my emotions while trading(VERY important), etc etc. Remember only about 3% or traders out there actually make money on a consistent basis. That’s because they under stand technical analysis, and fundamental analysis.

The pro's are just taking money from the people that don't get a good education.

The good part is once you learn this you know this and do it for a long time.

One way you can start learning is by paper trading to learn different strategies before you start the real thing. The down side is real trading is still a lot different from paper trading. I still do this if I am trying a new strategy.

One shortcut using Forex is to subscribe to a call service or forex signals. They will look at the markets and find a high probability trade and they will tell you where to enter a trade and where to take profit, and where to set your stop loss.

One service I found offers a 2-week free trial, to the service- you can paper trade it to see how it works. I think it’s the only one that has a free trial. He also shows how he made the trade so you can learn how to do this on your own.

Good luck!

]]> By: Selva http://www.forexfella.com/forex-and-stocks.html/comment-page-1#comment-102 Selva Fri, 27 Nov 2009 03:04:29 +0000 http://www.forexfella.com/forex-and-stocks.html#comment-102