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As B | Is that true we can earn money through forex investment? |
My brother in law didn't work for 2 years and he is now doing the forex investment for 2 years, but until now he still didn't earn any money, but he said he will earn a lot after he found a good strategy. He is now have a new born baby, and my sister need to work hard to survive. and my brother in law didn't work any part time to earn any money, i'm worring about this. can anyone tell me that forex investment really can earn money? |
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Paul U
 |
First of all, yes it is possible to earn money in the Forex marketplace. However, it is unlikely that your brother in law will.
Two of the biggest challenges working against most traders in the Forex market are fear and greed. The longer one is unsuccessful....the greater the impact of fear and greed, especially fear! If you couple on top of that having a young child and having a spouse that is having to support your "wishful thinking"... he is doomed.
My recommendation is that you encourage him to take a fresh start. First, go get a job ... so that he can start getting his head back on straight and taking care of his family obligations. He can put aside a small amount of money each paycheck in order to invest at a later date.
One should never invest in the forex market with money that one cannot afford to lose....and it is quite clear that your brother in law cannot afford to lose a nickel.
Once he gets his family obligations back in alignment he can take a fresh look at the possibility of investing in the Forex market as a portion of an overall investment strategy. There are conservative strategies that can be implemented in the Forex marketplace that can generate a consistent return. These strategies can be a very rewarding element in a sound financial investment program They can also be implemented in such a way that fear and greed are removed from the equation.
He does not need a college education or an MBA. What is required is a good dose of common sense.....and the assistance of someone who is willing to provide a little guidance.
Best wishes for your brother in law's success.
Also, the person above that indicated that 10% per month on $100,000 is $1,000 is a little off.....10% is $10,000 per month!
Paul |
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southcaligirl1
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Despite what some people would lead you to believe, trading the Forex market is complicated. Most traders blow up their accounts numerous times before understanding the indicators and psychology used for currency trading - and many never do.
While it is possible to make high returns (especially with the leverages offered), the risks are tremendous. The problem I am having with your statement is that your brother-in-law is not working and letting your sister support him while he searches for a good strategy. Because of the volatility in the market, it is easy for a currency trader to move from analytical trading to gambling in the market and even to harmful "revenge" trading. Your comments make me wonder if your brother-in-law is exercising good judgment.
Trading is not inherently bad, but trading in hopes of finding a good strategy - and doing so at the expense of his family is a very poor choice. A good trader needs self-esteem, self-control and common sense, particularly an individual trader. From your comments, it sounds as if the family is struggling, so I would not say your brother-in-law is exhibiting those qualities.
How does your sister feel about this? It is really her decision as to how much she supports her husband, although now she has a greater responsibility to provide a good environment for her baby. I would suggest you offer her emotional support and listen to her when she needs it, but - unless she requests your help - remain as impartial as possible when giving her your opinion. Don't verbally attack her husband, but encourage her to put herself and her child first.
Also, if she is open to it, have her visit http://www.gamblersanonymous.org/, the Gamblers' Anonymous website, and answer the "20 Questions" to see if your brother-in-law has a problem.
Blessings! |
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pgreen
 |
Obviously, most investors do not make money via forex
trading, at least sustainably.
They can even lose their shirt.
And have fun in doing it.
But why should making money for themselves be their
purpose?
This is not a problem, as long as they are philanthropists
who help their brokers and advisers earn money.
Those poor little things need to eat also!
. |
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robert
|
This might be helpful http://bloghatters.blogspot.com |
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raniokoye
|
from my understanding it's possible to make money from forex, to make a living and to become rich, but like all things, gotta put in the work required and need a little luck I guess, here's some information on it. http://www.insightempire.com/Freeforextraining/ |
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successmentor
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Yes and no. Yes, you can make a living trading the forex and no you can loose all your initial investment. So if your brother in law is not working, it is a very risky business he is doing especially if he does not take the time to educate himself. Trading for a living is not a child's game. It is not easy, but you really can make a lot of money, if you are disciplined enough to build your own trading system and follow it.
Give this website to your inlaw:
http://www.forexprofitsignals.com and let him use it.
If you want to learn forex for free goto:
http://www.babypips.com and just click on education. It is
free.
Goodluck |
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Frank Castle
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Yes. (If your brother went to College and studied Finance or Economy and after that he got a MBA and after that he worked for several years in a bank or mutual fund or broker or any other financial institution) |
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Jaques O
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Hi there just send me a mail to, jaques606@yahoo.com, with "forex investment", in the subject line, and i'll send you some info regarding this matter.
Will reply asap. |
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