http://www.investor-info.biz/forex-made-difficult/
Do you know how difficult it is to make a living out of the FOREX market, just trading for oneself?
Disagree with the other answerer who says you should trade only if you are “trained by professionals.”
The reason I disagree is because professional traders are not in any position to claim any success in trading.
Don’t believe me? Read some books. Start with “Fooled by Randomness” by Nassim Taleb and “The Traders” by Sonny Kleinfeld.
Or go down to the exchange and talk to some traders. Ask them to tell you about their failures. Ask them to quantify their success vs. failures.
The answerer makes it sound like people who are “professionally trained” know how to make consistent money from trading. Nonsense. Professionals don’t have any better track record than anyone else.
If stock brokers knew how to make money from the markets and had your best interest in mind, you wouldn’t see your 401K drop 20% in value at the beginning of a bear market. In fact you wouldn’t see your investments drop in value at all. Obviously this is not the case. You do see your investments drop in value, all the while your broker tells you to “hold and wait.” You could end up waiting for years without breaking even.
Educate yourself on what REALLY to expect from trading. Start with: http://commonsensetrading. googlepages. com
FOREX VIDEO REVIEW: London Session July 8th, 2009
