Originally Posted by
SirCharles
Trading the Forex ( Foreign Exchange) market is yet another extremely powerful way to make money online. The forex market is a trillion dollar a day market, and there is enough money circulating around for all of you to take your share if you know how.
There are a few great systems out there that will educate you and enable you to trade the Forex market like a pro. Again, when it comes to trading the markets in general, you really have to do your research first on the different genuine systems and avoid people who are making more money selling you their system than they are making trading themselves.
From my experience, learning too much about these markets can make you suffer from serious information overload as there are a million theories, tactics and schools of thought out there. Not that you should be ignorant and stay that way when it comes to the markets, but your best move if you have no knowledge whatsoever of day trading is to find a team of experts whose philosophy or style fits you.
You will then learn and follow their techniques to the letter until you start making money. Once you start making money consistently, you can start experimenting different techniques and creating your OWN trading style. I have seen people start off by reading books upon books, and finally being paralyzed when it came down to trading because of their fear due to the overwhelming information they had absorbed in a disorganized manner.