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MissRae
Member
Joined: 20 Aug 2009
Posts: 1
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# Posted: 20 Aug 2009 18:28
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BobFirestone: I hate to revive a thread that has been inactive for so long but I think it would be interesting to see how many of the people who were involved in the original thread are still active in FreedomRocks and how their trading has done?
I am curious as well. I have never done trading in my life, but I have been hearing a lot about the forex trading lately and I happened to stumble upon this forum. I would appreciate any imput or pms. Thanks
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Sam_Jones
Member
Joined: 19 Aug 2009
Posts: 31
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# Posted: 21 Aug 2009 05:11
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I think I've heard the name before. Though I don't know much about the company. A quick question, does forex really pays as much as it is touted to?
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BobFirestone
Member
Joined: 1 Jul 2009
Posts: 133
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# Posted: 21 Aug 2009 12:34
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Sam_Jones: A quick question, does forex really pays as much as it is touted to?
Yes and No. Over any sustained length of time the majority (80-90%) will lose most or all of the money in their trading account. The losers money goes to pay the winners. It is like the lottery, if you win the potential is huge but the odds of you winning are very low.
It's not just Forex, the numbers are about the same for people actively trading stocks & commodities also. The leverage Forex & commodities make it a lot faster.
The winners in trading are best compared to the top poker players. If you watch a bunch of poker tournaments it's the same guys winning all the money. In trading it is the same way the winners take the money and the losers cycle out and get replaced with a fresh batch.
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