Comments on: Is it true that currency trading creates a new millionaire everyday?

By: Fx

Fx — Tue, 19 Jan 2010 02:38:59 +0000

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

By: Jon W

Jon W — Tue, 19 Jan 2010 02:08:59 +0000

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 interesting get rich quick story.
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By: Buy the Numbers

Buy the Numbers — Tue, 19 Jan 2010 01:44:59 +0000

You must be reading the wrong books/blogs. Trading currencies (or stocks, for that matter) CANNOT create 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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By: MVD34

MVD34 — Tue, 19 Jan 2010 01:38:59 +0000

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 little effect.
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By: jlf

jlf — Tue, 19 Jan 2010 01:12:59 +0000

Just how do you know that Forex "creates more money in profits everyday"?
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By: Ryan M

Ryan M — Tue, 19 Jan 2010 01:01:59 +0000

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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