Do you want to become a successful Forex trader? This site will help you get started with Forex trading from a scratch. Here you will find a lot of information about Forex market for beginners. Read interesting articles about FOREX to help you on your way to become a FOREX trader.
Forex trading must always be considered high risk, but with good Forex risk management it is possible to generate some excellent returns on your investment. It is an ideal alternative investment that has little correlation with the global stock markets. We have a lot of information on the website for you to understand how it works.
This Forex guide is here to help you learn, trade and invest in the Forex market. It is designed to be a one-stop shop for Forex trading, and to provide a wide range of tools, information from expert and resources for all levels of traders and investors. It aims to bring you the best available services in the Forex market.
Caution ! Until You have master forex completely...
You could lose $50,000 or more in the next few weeks - Find out what your brokers/mentors don't want you to know...
A SHOCKING 95% of new Forex traders lose their initial investment in the first few months...
You owe it to yourself to find out what the other 5% are doing differently...
Here's what it's all about: A recent survey estimated that up to 95% of Forex traders continuously lose money trading, most of them blow out their initial trading accounts within months of live trading; on the average a trader might replenish his account at least 3 times before realizing this astonishing truth.
To be more specific, based on the same survey, here are the breakdown:
1% of Forex traders make to the Millionaire rank.
4% make a good living trading,
5% are breaking even month after month, with few months of good run and few months of bad run... Still searching for that holy grail of trading.
36% have quit Forex and decided never to trade anything anymore,
54% are losing their trading accounts (their hard earned money), even as you read this page...
Most people get into this business with high hopes of making money, and majority of them will have their hopes and dreams crushed with utter frustration within months of starting to trade with real money...
That's why you need all of the help you can get to become a successful trader... It's like learning how to drive, no amount of books or tests, or even simulations will help you drive. You need to be behind the wheel and get practical driving hours... on hand experience is important!!!
That's why so many people fail! Not enough practical learning. Don't you wonder why so many people make money on their demo accounts, but when it comes to real live trading, they lose it all?
learn ... learn .. practice ... more practice ... focus. learn from proven succesful forex trader, practician in the real world. This post only a motivational and suggestion for you to take a further steps in the exciting, lucrative forex world.
What You Need To Know Before You Start
think one of the most important things you should know about online Forex trading is that it is gaining immense popularity as we speak. Take a peek at on the World Wide Web and you will notice endless streams of popups and advertisements by brokerage companies enticing you to join the Forex revolution. Firstly, it does not tell me that I should be believing all they say - but it does tell me that the there is a demand behind such spin and you might be tempted to try your hand at it yourself.
There a few things you should know about online Forex trading before you start, and this article is a sort of a beginner’s guide you need to get you started on the right track. First and foremost, read about Forex and what it entails. Firstly, be prepared to be exposed with numbers, figures, datas, graphs that goes up and down on your monitor and many more numbers. It also requires that you have a knack for things like market watching and you do need some diligence.
After all it is still a form of investing and your money is involved. So it is not going to be terribly easy just because a brokerage firm tells you so. Yes, people are making plenty of money from it but that is because there are many ways you can make money from Forex. You should be familiar with terms like pip, spot trading, day trading, different Forex markets, currency-pairing, swap trading etc.
Thursday, September 10, 2009
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