Comments on: Currency Trading: is it a viable long term way to make money from home?

By: Frank Castle

Frank Castle — Mon, 19 Oct 2009 13:09:35 +0000

Yes.

If you have less than $1,000,000.00 USD I suggest you to stay away from FOREX.

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By: Tom C

Tom C — Sun, 18 Oct 2009 23:39:34 +0000

Another approach might be to trade the new ETFs which track foreign currencies. Symbols are FXA, FXB, FXC, FXF, FXS, FXM.

By: KG

KG — Sat, 17 Oct 2009 07:06:43 +0000

I am interested in currency trading, as well. I took an online selfpaced course at a similar cost to yours. I have been day trading only and recently invested in companies located in Brazilian and Isreal. I sold Tefron stock 4-5 weeks ago when I heard news of the Isreal-Palestinian ceasefire. Internaitional economics and politics play an enormous role in currency trades. I sold ITU when I read of corruption in the Brazilian government banking system. However, many analysts are recommending Brazil, Canada, and Australia are good investments. I’d like to hear directly from someone who is making money in currency trading and exactly how it works -step by step.

By: Joe

Joe — Wed, 14 Oct 2009 16:34:12 +0000

The Forex market is full of scammers and people who sell questionable products than make them rich and not you. I would advise against Forex trading. You are likely to lose your money. Forex is useful to companies that make money in one country and need to exchange it for money in another country, but most individuals who trade Forex lose money. Read the links:

These trial trade programs do not always properly simulate the market. I would not trust them.

By: Timo

Timo — Tue, 13 Oct 2009 16:14:14 +0000

Forex trading is really a gamble. Theres so many factors to consider when trading in currency…eg: political conditions of a country are a major factor in determining the strength of a currency.

Unfortunately too many people are just trying to make a quick buck with Forex trading. You must remember that world markets are very volatile at this moment in time with regards to the N.Korean nuclear situation. Do you understand that if you were reading an online news bulletin and the headline read “North Korean nuclear situation”, it is far less alarming than “North Korean Nuclear Crisis”…stuff like this could determine Forex changes.

By: john

john — Mon, 12 Oct 2009 11:26:51 +0000

yes it is but if your ready to risk some money