Hello

[Rrossi333]

Hi everyone, I am new to the forum and wanted to introduce myself. My name is Rich and I joined because I wanted to learn more about forex. I have seen commercials on TV and wanted to figure if this is something I should be considering as a way to diversify my portfolio. How long has everyone been trading forex? Have your experiences been positive so far? Do you find that it requires a large time commitment? Thanks to everyone for sharing.

[FXexpert]

Welcome to the forum! There is a lot of great information here

[herry_fxhope]

welcome to forum.i'm newbie too.together we learn about forex.

[Pinalli]

Hey! Welcome here and i hope you will enjoy information here. This is one of the bets forex forum and i am sure you will have a great time here.

Well i am Pinalli and have a 3 year experience in forex trading.

Regards

[Forex247]

Welcome. Forex traders can trade for years and still not be successful. It all depends on your methods and how well you learn. If you keep looking for the newest and best technical indicators or EAs you will always be learning. I would suggest you try and keep it simple though. Forex can be hard to learn in the beginning but it is worth every minute. Good luck.

[daniellefr]

Originally Posted by Rrossi333

Hi everyone, I am new to the forum and wanted to introduce myself. My name is Rich and I joined because I wanted to learn more about forex. I have seen commercials on TV and wanted to figure if this is something I should be considering as a way to diversify my portfolio. How long has everyone been trading forex? Have your experiences been positive so far? Do you find that it requires a large time commitment? Thanks to everyone for sharing.

Hello Rich. Welcome to the forum. Learning forex requires the most time. It is a serious commitment if you want to make profits. It took me several years to start making money constantly (and by that I don't mean without losses. There always be losses. The important part is to look past it and concentrate on the overall performance within several months).

Good luck

[TrendLineTrader]

Diversifying your portfolio using FOREX is pretty hard, because of the nature of FOREX. Forex, unlike Stocks, cannot be an investment. Any trade you make is a clear statement for one currency and against the other, so you are always exposed to relatively high risk.

You mentioned the word 'portfolio', hence I will assume that you wish to be a long-term investor\trader and not an active participant in the markets. In this case you will need to have some knowledge in anticipating growth of the countries whose currencies you wish to trade. This requires knowledge in Fundamental Analysis.. and a great deal of luck.

Add the fact that +95% of Forex traders lose, and you will get a dangerous place for your money. Consult a licensed counselor, but generally - I wouldn't risk more than 5%-10% of my long-term portfolio in any Forex trade.

[Pinalli]

In fact i would suggest Multilayer diversification. This denotes that your capital invested/trading in the forex market are diversified into different trading systems with different objectives and risk level. This may include a portion that you use in self trading. Eventually you'll achieve a level whereby your capital is not over endangered by a single system's failure to cope with the market changes.