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People say you can make money through forex exchange.Is it true.?

Public Response to People say you can make money through forex exchange.Is it true.?

1. I have not idea about your question, and also interesting on this question actually. If people could make money through forex exchange, I will go to bank tomorrow.
2. Yes, people can make money, and even more people lose money. The foriegn exchange (forex) market is a zero-sum game, much like the futures market. For every winner on one side of the trade, there is a loser on the other. Once you factor in the bid-ask spreads, it works out to less than a zero-sum game. Unless you have a proven trading system that gives you an edge, you would be much better off investing in stocks. Also, forex trades can carry huge leverage -- as much as 100-to-1. In other words, you could invest $100 and make or lose as much as $10,000 on that $100 wager, so be very careful!
3. Yes. You can also make money selling your own urine to drug addicts.
4. Yes, but that's not easy. It requires a lot of discipline. You have to practice a lot, forex brokers will usually let you open a demo account. Visit http://www.forexbo.com for more resources.