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ForexShortcuts.com
is an educational resource for forex traders, or those interested
in becoming a forex trader. The information
& content published on ForexShortcuts.com does not constitute
financial advice.
Furthermore,
we do not give financial advice or specific trading recommendations
via email - we will only reply to emails dealing with the following
topics:
•
Technical issues or problems with our website, ForexShortcuts.com
•
User feedback or suggestions about content that currently exists
on ForexShortcuts.com, such as opinions on products that we've
reviewed, articles/tutorials that we've published, and so on.
•
Traffic and linking related inquiries from webmasters in the
forex industry
For any
and all other issues regarding forex trading, we strongly advise
you to consult the advice of a licensed broker for professional
advice. You are again reminded that forex trading is risky,
and that you should only trade with money that you can comfortably
afford to lose.
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Frequently
Asked Questions about Forex Trading
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1.
Do People Actually Earn a Full-Time Income from Forex Trading
Alone?
Yes,
several people do. Some traders have made an astounding fortune
by trading commodities. However, this is the compound result
of experience, practice and calculated, well-researched trading.
While
there are no guarantees (in any business or investing
endeavor), your best bet is to learn from others and follow
their approach to trading.
What
we recommend doing is investing in a forex
trading system that's within your budget and then practicing
with that system in a forex simulator or "demo account"
within your forex trading platform.
To
see our top-rated system and platform, go to our Get
Started! page.
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2.
Is Forex Trading Safe?
Yes
and no.
It's
"safe" in that it's not a scam - it's a legitimate
trading opportunity, just like buying/selling stocks. However,
forex trading is volatile and therefore very unforgiving
to the inexperienced.
Our
suggestion, again, is to invest in a proven
and reputable forex trading system, and then practice
for as long as it takes to develop confidence using a "demo
account" or simulator to trade based on your system's signals,
which most trading platforms have built-in to the traders control
panel.
It's
far from being a conservative investment (so don't go betting
the farm on your first trade!), but experience and confidence
can be gradually built up through continual research
and practice.
So
like many things, with much risk can potentially come much reward
- but use your head. ONLY invest what you can afford to
comfortably use. That can't be stressed enough...
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3.
Should I Get a Forex Broker?
Forex
brokers and trading firms range from reputable and ethical to
the other extreme - far extreme - end of the spectrum: complete
scammers.
Some
"brokerages" are nothing more than a chop-shop, being
as they make money on their "service fees" regardless
if you make money or lose money.
The
only brokerage firms which are regulated are Market Operators
and unfortunately, the "minimum lot" is usually over
$1M of trading capital. This obviously leaves them out of the
question for the beginners to forex trading.
There
are numerous small-size brokers who will deal with much smaller
trading capital, but integrity, reliability and profitability
comes in every color of the figurative rainbow. You need to
do an extensive amount of research before choosing to use a
broker, or company, to manage your funds.
Do
your Due Diligence!
And
start out small. Remember that's your money, and your
call either way.
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Contact
Information
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To
reiterate our contact/email guidelines listed at the top of
the page, we can only respond to technical inquiries about our
website (bug reports, broken links, etc.), feedback regarding
our content, and webmaster inquiries.
You
may email us at the following address: contact
[at] forexshortcuts [dot] com
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