How the forex trading (iFOREX) is reliable and how much can some1 earn from it ?
Author: Hi All:
I have been contacted by an account manager of forex trading company iForex and I was suggested that if would join their team I can earn around $1000 per month.
Can someone please guide how these sites are reliable and what about the FOREX trading business and how this compnay (iFOREX) is also relaible if anybody knows it personaly or earning anything from it.
Hello Shailesh, I’ve been a professional trader and fund manager for 7 years now, I belong to a rare club, one that manages funds for a living. Now let me define professional for you: In my terms, a professional means one that can consistently use his expertise and qualifications to provide solutions to his mass. The Foreign exchange is very rewarding and powerful industry, however, as you’ll learn, THAT power is constantly misused and the only one burnt in the end is the one that’s investing his/her hard earned money.
No one and I mean NO one on this site can answer your question effectively, ONLY YOU can do that. IFOREX is relatively new, there reputation yet to earn the stripes that serve as a pre requisite in this industry. We manage accounts and have doubled several accounts over they years, however that is what I claim, how can I prove that? DEMAND proof Shailesh, you owe that to your hard earned money.
Here’s a simple process we implement to showcase our abilities:
1) You Open a Demo Account for us and provide us the login
2) We trade that demo account for a month and the results are as transparent as black and white
3) You analyze our performance on a DAY TO DAY basis and go decide whether its worth the investment.
The Only one to blame when you get burnt is an uniformed individual which is yourself. Earning money in today’s eon requires hard work and austere due diligence, UNLESS IFOREX don’t go the extra mile to comfort a potential client, transparently showcasing their abilities, they’re not worth the risk.
I’ve been providing professional consultancy within the Forex Investments sphere for years and now offer the same virtually:
http://www.liveperson.com/cachet-works-usa/
Finally, if IFOREX promised funds without investing money (I’ve seen it all happen), there’s more than a 95% chance, it’s the initiation to a scam.
Contact me if you need further guidance.
Although I get a good income from forex trading, I think it’s not really possible to put an estimate just like that. Sounds more like sales talk.
It is better to learn the trade and participate so that you know how to manage your risks.
hi,
i am sure that online forex trading business is profitable business.i started trading from 8 years.its not possible to give guaranty $1000/m but
you will earn more then that if you get some experience in fx .if you are new to trading then start with etoro bcoz they have excellent trading platforms and most popular too.check this site
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forexplatformslist.com
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good luck
Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words “Forex” and “lose” to see this is the consensus.
Forex is what we call a “zero sum” game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the “bets” in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.
Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.
There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.
Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: “Go to Forexcrap . com/q2347.” The “q2347″ is a signal to the Forexcrap site that you are being referred to them by “q2347.” If they sell something to you, “q2347″ gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.
I would recommend not trying to do Forex at all, unless you are a trained professional. It’s like playing poker with people better than you, with the house constantly taking a small percentage from the pot.
If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.
Marketiva gives you 5$ real to start trading so you don’t have to deposit and if you made profit from it you can cash out, this is why it’s very good for beginners. Their platform is very easy to use and they have support during trading hours.
To open your account please visit http://www.marketiva.com/index.ncre?gid=3371
Their support personnel can help you to understand how Forex works, type of orders etc.