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Thursday, December 16, 2010

Forex Trading

Many people do not have good information and knowledge of the FX market, some are of the opinion that the market is just another gambling game where it is possible for you by luck to rake in thousands of Dollars and it is also possible to lose thousands of Dollars. First of all I will like to clear that the because of the fact that you can rake in or lose thousand of Dollars in this market does not qualify it as gambling but the market rather goes by the principle of any ideal business that for you to make profits , it deals with time, vast experience about the business and proper management. But most people do not acknowledge these facts when going and so somehow they make a big profit today and tomorrow all is gone...
later I will talk on how to acquire knowledge of the market but for now I hope it is clear that forex is not gambling