By: Terry Allen
Without question, Forex trading is a very difficult subject to master and you can easily lose your entire budget quite quickly unless you exercise extreme caution. I will attempt to correct this by showing you how to design your own Forex Trading System carefully and under control so that you do not risk money that you can ill-afford to lose.
I must warn you that this will not be a quick fix and will require you to do some work. However, this approach is surely much better than mindlessly gambling in an uncontrolled fashion.
As the Forex requires an extensive study, I will do this by producing a course consisting of a significant number of articles, one of which will be posted daily on DailyForex.
The aim of the course is to both cut through the hype about Forex Trading as well as provide you with a detailed strategy that will help you trade successfully even during the most difficult times such as now. I will take you behind the exaggerated marketing publicity of this subject so that you can gain an improved awareness of what to expect when you start trading.
As you no doubt know, the Foreign Exchange Market involves the simultaneous buying of one currency and the selling of another. Many Retail Forex Brokers exist who offer individuals the opportunity for speculative trading on the Foreign Exchange Market. They and other interested parties promote heavy marketing at all times claiming how easy it is to make a steady income, if not a fortune, by Forex Trading. Amazing Forex products are advertised informing new Forex traders about training courses, trading strategies and tools all designed to guarantee almost certain success.
However, statistics paint a different picture indicating that
95% of all new Forex traders lose their entire invested capital within 3 to 4 months from trading startup. Only 1% of traders
actually made a significant fortune from Forex.
So why is there such a discrepancy between the marketing hype and
the real results? Why is Forex trading so difficult and what are you not being told? These problems are difficult enough to deal with in calm times when the Stock Market is doing well but are irritated further during volatile times such as those that have existed during 2008 and now into 2009.
My intention is to provide you with some clarity and insights into these questions during this course. In other words, I will introduce you to the ‘Dark Side of Forex’.