Forex Trading Comment Part 1
There's a lot of information out there on forex, some of it good and some of it misleadingly bad.
Be careful. !!
Trading forex is many times portrayed as a way to get rich fast; a home-based business. This is the furthest than from the truth. Trading forex is risky and though it may be possible to turn it into a home-based business, you need a lot of capital and experience.
To give you an idea, a very experienced and respected currency trader had the following yearly returns:
- 71% in 2004
- 433% in 2005
- 53% in 2006
- 30% in 2007.
Could you live on the $1500 you made in 2007?
I doubt it. I'm not trying to discourage you from trying but I think it's important to be realistic.
If you dive into currency trading with unrealistic expectations, you're not going to get far.
No comments:
Post a Comment