The Realities of trading the Spot Forex Market

Q:Is it really possible to make money on a consistent  basis trading the FX market? A: Absolutely

Q:Is it probable? A:Absolutely not!!

In fact, 95% of people who open FX trading accounts loose most or all of their money. The question is, why? We started this blog to help people avoid the mistakes that cause some traders to lose huge amounts of money and even in some cases end up in bankruptcy, trading the FX market.

We want to help those thinking about putting money in the FX market, or those who are already trading and struggling, to keep their money and grow their investment rather than lose it all because of bad trading methods/trading psychology or get the “get rich quick” delusion.

If you currently are not a full time forex trader, and have a full time job, our advice to you is to either subscribe to a simple, good signal service, for a monthly fee, and trade their signals or give your money to a “Managed Fund” and let the “pros” grow your money. But be careful not to deal with a ‘boiler house”. Be sure to investigate each funds performance, how many years they ahve been in operation and who runs it. Make sure you do your due diligence before giving anyone money to invest for you.