George76

Garage:
It has been a while. Been through a knee replacement and two stents in arteries so I have been busy.
Still looking for that pie in the sky. Not much else to do anyway.

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One of the drawbacks of being retired is that you don't get any days off nor any vacation time.

ajayriss

Forex4Noobs Forum
Forex Education, Forex Training, Currency Trading, Beginner's Guide to Forex Trading, Learn Forex, Foreign Exchange - BabyPips.com
Some good points Scribbler. I am a Forex trader and like a lot of things it is not as easy as it seems. Fair enough the markets go up or down 50/50 shot right. You need to spend a lot of time studying the markets, finding an honest broker, and devloping a system but at the end of it all you'll find the most important lesson and the hardest to learn is to control yourself. You need to control greed, impatience, revenge and boredom.Yeah "I can do that" I hear you say, no you can't my friend.
I know of no-one who managed that first time out.It seems everyone blows out at least one account before the penny drops (many lose a lot more than one, it took me three losing accounts before I got it). Lesson one: Start small and kiss it goodbye.
Everything you need to know about Forex is contained in the links above.
I have no affiliation with either one.They are completley free and the first one has no ads and the content is closely edited to eliminate scammers and people selling stuff.
Newbies tend to treat the Forex like a video game. They want to be in the market all the time just in case they miss a big move. Hey the market runs 24/5 you can always find movement someplace. Trading Forex is fun but you can't spend fun so you have to try and take a colder approach to it. I live in the US and trade the London session so I have to monitor my computer from 23.00- 05.00, bit of a drag but sometimes all it takes is 15mins and I'm done for the day, (actually only 8mins last thursday night).
Next point; There are hundreds of systems out there but you will not make it work by blindly following a system. Different people trade differently, find a system you like and modify it to your style. There is a learning curve here and that only comes with experience, sadly this takes time, no way around this one.
These are just some basic thoughts the links above will give you a lot more info. Remember if you apply discipline, a consistent system, good money managment and lots of study you will greatly reduce the reliance on luck.
BTW as far as I'm concerned the best systems are the simplest.The plan I use is so simple it's mind numbing. Not much fun but it works for me. Hope this helps.

George76

I usually found that if you start with something stick with it until you determine that is a loser, then get out fast and jump to something else.
Something else to think about. Successes are not built on successes but are built on failures. If everything you did was a success you would have no way to measure that success.
I have never tried Fortex or what ever it is. Might give it go to see what happens. One thing I do have is time to learn.

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One of the drawbacks of being retired is that you don't get any days off nor any vacation time.

baker018

The only way to true wealth is to buy stocks. Some of the greatest investors have been harping on this fact for years. Peter Lynch, Warren Buffet, Pabrai,Icahn, the list goes on and on. These people beat the market year after year buying companies with strong funtamentals. All the information on stocks is easily obtainable on the web for free. These great investors can bring returns of up to 30% per year on average. I dont know about you but 30% per year compounded yearly can bring great wealth. Read some of their books. Lynch and Buffet believe individual investors can actually beat their returns because they are restricted by law on how much they can invest in certain stocks. Look at some of the returns some stocks have been bringing in just the past year. 100% 200% 300% returns on some stocks are not uncommon.you can easily double your money every 3 years and its actually a lot of fun. Many financials and home builders have hit bottom and their stocks are cheap. Iam sure many of you have dabbled in the stock market in the past and i am sure there is probably some who really have a firm grasp of stock investing but as I see it now this is the only investment that I have seen that had cold hard returns that I can turn into cash anytime I want. Perhaps we can share companies that we have researched with others in this forum that we believe can be winners.

newuser

Congratulations should go to you for being so condescending to a new user making his first post. Such a supercilous comment is a credit to you and the forum as a whole.

Garage Logician

I guess I don't understand what you mean newuser unless you are disagreeing with me that what you said was substantive.

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mwong92683

Hello NewUser, and welcome to our forum!

I'm sure you misunderstood GLs post. He was saying congratulations on making your first post, and that it was a very good post for your first one! That was a compliment, I'm sure, not an attempt to be condescending. Perhaps you are not familiar with our forum, the personalities, and/or the manner of speech here - please be assured, you were being complimented, NOT dissed!

Lately with the problems DXS is having we have had a lot of people coming in here whose first post is saying nothing more than "DXS sucks!" So it was refreshing to see someone coming in brand new that wasn't just complaining. Thanks for your comment, we always appreciate newbies that join in.

Stick around, I think with a little reading and little time, you may find that you like us! Looking forward to seeing you post again.

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In Loving Memory of Richard Tin Lai Wong
Pearl Harbor Survivor
July 4, 1918 - July 8, 2008

newuser

Congratulating me on a 5 word post and declaring it substantive was patronizing and we all know this.

Or is this forum so desperate for posts that the following post of "real investment information and tips" can be legitimately claimed as substantive and congratulations to the poster due?

I took the comment to be thick with sarcasm but if this was not the case then I apologize. I suggest that congratulations on such posts is not needed considering that no such congratulations was offered to the other posters who spent a considerable amount of time and effort in constructing their far more substantive posts in this thread.

Succeed2k

I'm sorry, but i do have to disagree with this. If you found it patronizing, then there's nothing we can do about that. When people make their first posts here on 4allaccounts we usually thank them and congratulate them for making their first post.

I think it's best that you let this drop.

As i said above, the comment was not because you posted, but because it was your first post. If you have seen some of the things people post as their first posts, you'd see why the comment actually does make sense.

Fret not, life is good

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dgidd