I've heard estimates that 90% to 95% of forex traders are losing money. I actually think it's higher than that. I think about 97% of forex traders fail.
That's an exceptionally high number and just looking at then numbers, this looks like an awful endeavor to embark on.
Yet, thousands join in each month, and most are looking to get rich or to escape poverty, etc. The odd thing is that forex isn't designed for that.
It's designed for rich people, banks, and countries to trade currencies. It was really made for the "little guy". That doesn't stop the "little guy" from getting in with big hopes and then getting squashed by the market giants.
Seriously, how does one make money in forex? I'm not a proponent of Zen, but this does sound very Zen. You make money in forex by not wanting to make money in forex.
It's the pressure to make money that makes you fail. It's the pressure of a loss that was too large for you to take that makes you take another loss. It clouds your judgment.
Now this is a problem. You want to make money; how can you do this? You need to learn to trade forex with real money, but without real money pressures. Just several years ago, there was no way to do this. But now there is.
It's called the 1 cent broker. If you trade with a 1 cent broker, you can make just about every misstate there is, and you can still not be hurt financially. It's like this. If you take a 100 pip lose, then you've only lost $1.
Yes! And trading in this environment, you can learn to trade forex with real money without financial pressure. This will open the door for you to trade forex profitably with larger amounts and finally be making real money in currency trading.
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Free report, "How To Pocket 81 Pips Per Day Using A Forgotten Method". You can download your free copy from http://profitable-forex.com/report
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