Forex Commentary

6 Responses to “Is it true that currency trading creates a new millionaire everyday?”

1. Ryan M on January 19th, 2010 at 2:01 am

   For every one millionaire made, 1,000 traders will have lost every cent they invested. Heck, the Lotto makes 2 millionaires per week….why not try that as your investment strategy???
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2. jlf on January 19th, 2010 at 2:12 am

   Just how do you know that Forex "makes more money in profits everyday"?
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3. MVD34 on January 19th, 2010 at 2:38 am

   Ridiculous.

   Small investors do not belong in Forex, but a fool and his money are soon parted…trying to stop it before hand usually has small effect.
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4. Buy the Numbers on January 19th, 2010 at 2:44 am

   You must be reading the incorrect books/blogs. Trading currencies (or stocks, for that matter) CANNOT make wealth. It only TRANSFERS it.

   Why don’t you save some time and just post the link to your spam Forex trading website now…
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5. Jon W on January 19th, 2010 at 3:08 am

   I’m not sure about everyday but I do know this. It defiantly is speculating. I can’t figure out how one can be certain when all currency is fiat money unless you look at what the Federal Reserve (in the USA) is doing.

   Xferring Dollars to Euros and then to Yen for example. It must be hard to make any money from currency dealers due to their fees. I’d like to know where these millionaire people are exchanging. ….There’s a trick to it and I’m sure it makes an fascinating get rich quick tale.
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6. Fx on January 19th, 2010 at 3:38 am

   Remember this, 90% of forex traders are making losses. Excellent luck in your trading.
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   Being a forex trader for years.

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