[Cheryl D]

market? I've been hearing a lot about it, and am wondering if it's possible to realize the returns that have been touted? Any suggestions on how to get started? I understand there is a larger than average risk, hence the returns (supposedly)

[Wikipedia]

A friend of mine was circumcised and he couldn't make a dime on the forex market. There's just too many forexes out there and not enough demand.

[xls8000]

Start off by making a strategy, following the currency markets, and practice using a simulated account, which are available at no charge from most online brokers (try forex.com). I started off with a practice account that had $50,000. The next day it had a new balance of $68,000, and went on from there. I planned to test my strategy for a total of 6 months before I started up a real, live account and ended up with $64,500. So, I eventually opened an account with $10,000 to start. It's been three months and now it is at $11,150. Not bad, but it does take a lot of time. You have to have a lot of risk tolerance because you can lose all of your money. If your account goes into negative balance, your account will be liquidated and be closed out. The currency markets are volatile during the day, and believe me, I would know it. My lowest balance was around $7,900 and highest about $16,000. When trading currency, be prepared to lose it all. Use money that you don't mind losing. This is why most self-proclaimed "forex traders" fail, because they keep adding money when losing it since they don't have enough. Stick to stocks and bonds if you want to be safer.