Im going to be 100% honest with you and tell you the following before you consider trading currencies:
1. All forex traders, and I mean all traders lose money on trades. Ninety percent of traders lose money, largely due to lack of planning and training and having poor money management rules.
2. Trading forex is not for the unemployed, those on low incomes, who can’t afford to pay their electricity bill or afford to eat. You should have at least $5,000 of trading capital (in a mini-account) that you can afford to lose. Dont expect to start an account with a few hundred dollars and expect to become a kazillionaire.
The foreign exchange market is one of most popular markets for speculation, due to its enormous size, liquidity and tendency for currencies to move in strong trends. You would think traders all over the world would make a killing, but success has been limited to very small percentage of traders.
Many traders come with false hope of making a gazillion bucks, but in reality lack the discipline required for trading. Most people usually lack the discipline to stick to a diet or to go to the gym three times a week. If you can’t...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
