Thursday, October 22, 2009

Share market vs forex

Lately...most shares are down. My friend who went for a share market class managed to make about 13K on Aug and Sept...but this month he lost about 8K back. This really show that even the best traders will loose money in a down market no matter how clever you are becoz if always in the market....and when market turns, somehow will be caught "naked" one way or the other esp for full-time traders. For part-time traders....the risk is more greater becoz it needs constant monitoring all the time.
And there is no program to stop-lost and take profit if market changes. Ask the remiser to monitor then....kena scolding becoz we are so small that they won't be bother or too busy to care. But to us.....even loose $500 also heart pain esp at time like now.

Even for forex market thingy....in the end after the whole course, I may not trade if I still not sure how best to make money. For now....not a time even to loose a hundred dollar.
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1 comment:

wINtoTo N aLSo 4D...yEAh! said...

both also risky....but one thing is certain that is stock trading to me is easier esp after attending the course at T3B while forex is a 100% alien thing to me even after attending a 2mths course becoz I know almost "NUT" about it before I attend the classes.

still not too sure esp when have more losing trades than winning ones! that can make one....lose confidence fast too.

11:05 AM

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tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.