How did you 'discover' FOREX?

[7aye]

I stumbled upon the forex market, roughly a month ago.

And wow, has it been an information overload roller coaster ride!(still is )

I say I 'stumbled' upon it, 'cos i weren't rely 'looking' for it.

Being 'open-minded' and a lot off chance circumstances 'led' me to it.
I've always been fascinated(as a spectator) by the big Stock Markets(did the research thing, at 50:1,
liquidity,wow, its small compared to the Forex market).And I have for the last four years, been trading in fore(well 2 of them in my way). See I'm a South African, but have been living and working, on-and-off in the UK for the last four years. As some off you might know the ZAR(South African Rand) is not very strong, especially against the GBP (ZARGBP = 11/1). But if you look at it a bit closer, you'd see its, a lot better than about 3years ago. December 2002 it was almost ZARGBP 20/1.

Well that month I send back(converted) a lot more pounds than usual. From then on I started 'speculating' basically waiting for the 'right' day before I wired money to SA. I just used the charts on
Yahoo, so I did a sort off basic technical analysis(more gut feeling ).

Like I said in the beginning- a lot off 'chance circumstances': but basically the most important 'circumstance', with fluctuations in the GBPZAR, I knew with a bit more technical info I could wait and catch the ZAR on the up trends against the GBP. And thus get more ZAR for my GBP, so I started some research on the net, I never dreamed of discovering this! How I ended up in this forum, well I was jumping around info on the web(from gov sites, to broker sites, to get-rich-guru sites). And realized, I had to find the community.

Well here I am, Halo Everyone. Stranger(not for too long ) 7aye, with my first post.

So how did you end up in the FOREX market?

[graemenash]

Earlier this year, a friend of mine was following trade signals from a professional indices trader. The trades used betonmarkets.com, and when I saw the site I was intrigued enough to open a demo account myself.

I spent a few days experimenting with all the bet types and one day placed a spread bet on USD/JPY. The next day, my bet was £80 in profit.

I researched more about spreadbetting, which led me to Forex. Now it's my full-time job!

[7aye]

Hi graemenash,

So you also had to 'discover' it
Like me you weren't rely pointed to it.

I believe 'word off mouth' is one of the best ways to get to know about something,
we all gossip some time or another. And we all like to hear and tell each other wonderful and interesting facts(mostly stories with tails )

No one has told me about this FOREX market. And its not like its a secret.

I wonder how many people are actually trading actively(with online brokers)?
And taken the growth, has probably been exponential!

cheers