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Making Money Flipping, Investing, You Name it. Lets discuss other ways of making money!

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Old 07-06-2008
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Default The forex

Its quick and easy to make money in the forex. Get your account setup on forex.com and start out with the mini account. Initial invesemt in the mini account is only $250 and you can make about $200-300 a day easy if you know what your doing. Where I learned everything is babypips.com. People please read the entire course babypips.com offers because if you don't you'll lose money. I think forex is very profitable as that's how I'm making my money now.
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People can make a lot of money with it or lose a lot of money with it. I think it's too risky personally.
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One of my most profitable trad was 10k in one night!
Then the most money I ever lost was 4k
Yes you're correct that you can make and loose alot of money but I like it more than stocks. It put food on the table and paid all the bills when ebay kicked me out so I'm still trading until ebay is back at 100% for me again. Also used craigslist to pay bills so I am always gonna use craigslist and forex.com.
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That's awesome. If you're so good at forex, there can be a lot more money made from it then you think.
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The bad thing about the forex is that you are always on the computer staring at the currency pair. You start pulling your hair when its going down and when its going up your so happy. Even when your sleeping your thinking if the pair is going up or down. Its stressful.
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Between ebay and forex, I think the stress would be terrible then. I like
money but there is a limit to the angst for my way of thinking.
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gambling is bad and i class this as the big G!
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What's good right now John?
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My advice is when your starting out only trade on currency pair. Me personally only trade on the USD/JPY. The thing is trading that pair is good almost all the time because japan is always lowering their value of their currency due to their import and export business.

This is a really stressful business the forex is. To tell you the truth ebay is less stressful.
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Old 07-08-2008
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So any beginer forex traders who have any questions ask away!
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hi john,

i like to learn forex,where should i start ?
thanks !
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First and foremost go and take the entire FREE forex school course from babypips.com and then after finishing the entire course go and setup a free practice account on forex.com practice on the practice account atleast 2 weeks and then open up a mini account and start making money from there. In a couple months I will be opening up a standard account which offers tighter pips. As a beginner go for the mini account as I did. Each pip in the mini account is .95 cents and oj the standard account $9.95
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You only make losses and don't make it in the forex by not studying the candle stick chart and by not studying the over all market of currency which you will be trading. That is why I said only concentrate on one currency pair. I only trade USD/JPY. I do agree if you make unwise choices you will make loss. One thing I learned is when you see first sight of profit sell the lot!
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About 9 months but once my ebay business is back up 100% I will be leaving the forex business because there is really too much stress involved. I really can't take too much of forex trading as it makes me not get enough sleep and it makes me always think if I'm loosing any money. I literally wake up in the middle of the night to see if I'm loosing any of my money.
I can certainly deal with all the crap ebay throws at me (of course getting a lot of help and support from this wonderful forum) but don't want to trade the forex. There is money to be made and I have made it but with all the headaches I don't think so.
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ya sounds stressful alright but you seem to be doing ok on it
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URL please
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Forex | Forex Trading | Currency Trading
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"No one I know personally has sustained profits on forex. As a matter of fact, not one person I know has lasted a year without getting wiped out"

1000% correct Modee,99.999% of the people trading Forex get cleaned,its only a matter of time.
Ask me how i know.......

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How do you know?
Have you done it before?

Last edited by John14789; 07-09-2008 at 06:26 PM.
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Yes,i have everything started out beautiful(sucked me right in).
Was making good $ first month.
What happens to most people is they get cocky and think its easy money.
Everything starts going their way,so they increase their leverage and start using house money 100 to 1,and as soon as the currency moves a few pips against you they give you a margin call(you either put up more $ in the trade or you lose all the $ you put up.
Not fun!
There is a reason over 98% of the people fail at that game.
There are very few people that make consistant money doing it.
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Well thank God I was able to keep it up for 9months!
It freaks me out big time when the currency pair goes down even one pip.
The biggest loss I ever made was $4,000. Its kind of a gamble the forex is but if you know how to do the market analysis then you will be able to last. Its too much for me and Im going to quit the forex just as soon as ebay comes to 100%.
How much did you invest initially?
How much did you loose?
What currency pairs did you trade?
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wow. stress is at a all time high for me with ebay and I'm only 21 considering I lost my power seller account and have been put down by eBay a dozen or more times the past year.

But, $250 sounds like not a lot and I'm a freak when it comes to research and stuff like this so maybe I could do good with small trades and small time stuff. I'm the strongest willed person so I know I will not get sucked into losing by doing something stupid although losing is inevitable the reason most people go for broke is the same reason casinos are rich.

By the way, what kind of profits does it take or initial investments to get that kind of return any numbers you can throw out? thanks.
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