There are many so called opportunities on the internet promising vast riches for little work in the area of forex trading and futures trading. Statistically 95% of beginning forex traders fail and quit. In this article I hope to provide a little sane advice, to increase this percentage for the good of all.
If you are like me you were attracted to futures or forex trading because both financial arenas offer highly leveraged results, which means that your profit “potential” in the short term seems to be very high.
Human emotion such as hope and greed trigger at this stage as you see an opportunity to escape your daily grind, and get a better life for you and your family. There is nothing wrong with this, but it is at this point that I need to inject a dose of reality.
Remember – 95% of all beginning forex traders fail! I’m going to try your patience and repeat this.
95% of all beginning forex traders fail! This also applies to futures trading and just about any form of speculation.
The exact reason for this is that they have been sold an idea – a potential for profit and they just look at the goal. Now this is...
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