December 26, 2007
So you think you can trade forex?
According to the established banks, 95% of forex day traders lose money. Sound like a good deal to you? No, I didn't think so. Forex Trading is NOWHERE near as easy as the brokers would have you believe.
There is a good, unbiased and free guide to forex trading here (written by yours truly.)
My personal opinion is it is all but impossible to make money trading foreign exchange, especially without some sort of structured education. Here are a couple of recommendations to use as learning resources. I still don't think you will make money, but the few hundred bucks you pay these guys in fees will be peanuts to how much money you will lose trading. Don't say I didn't warn you !
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Comments on So you think you can trade forex?
So you mean all those happy, beautiful people on late night TV lied to me? I thought they all make at least $2,000 a day working only an hour from their kitchen.
BTW, I just read your other page on Forex, and I enjoyed it. Informative and crapless. So thanks.
Bryce Beattie’s last blog post..Pride Of The Traveller
I have to agree with that. Many of newbies lose their money when first investing in forex. Babypips.com can help if they really want to success in forex.
nimzoindys last blog post..Does Technical Analysis Work
Babypips are ripoff merchants. You cannot make money investing small amounts of money in forex trading.