This website is not going to be a fairy tale about how you can make millions in forex , it's going to be a realistic view of forex.
The reality about forex is that only about 5% of traders make money while the rest loose.
That is alarming, but when you look at the statistics of new businesses it is basically the same.
Out of every 1000 new businesses, 40% fail within the first year, and 80% would fail within 5 years. Don't celebrate yet because even if you have made it to 5 years, 80% of those businesses fail before they make it to 10 years. That leaves us with 4% of new businesses still around after 10 years,
about the same as forex traders, so forex is not a get rich quick scheme but should be treated as a business and this requires hard work dedication and discipline .
But unlike starting a business the entry requirements for trading forex are extremely low , in fact you can begin by risking no money at the start by opening a Demo account with any forex broker , this way you can refine your skills before risking real money. This is impossible to do in any other business.
You can start now sign up for a demo account :
Note : my recommendation is not to buy any courses whatsoever , you can get all the information you need from books at a much cheaper price, and stay away from so called gurus they will bleed you dry, be very skeptical when things are too good to be true.
First of all: Forex is not a get rich quick scheme. Anybody who tells you differently is a liar or doesn't know what he's talking about. Nevertheless, the truth is: you can make real money by trading Forex. To make that happen, trading Forex should be handled as any other business. This requires hard work, dedication and discipline. There are no shortcuts, no easy roads to fortune.
* 5% of traders make money while the rest loose.
This may look alarming, but it only proves that Forex trading is indeed just like any other business.
* 40% of businesses fail within the first year.
* 80% of businesses fail within 5 years.
* 4% of new businesses are still around after 10 years.
However, don't let these statistics hold you back. Because in Forex, there is one very importantdifference: Entry requirements for trading Forex are extremely low.
In fact, you can start trading Forex and risk no money at all! Simply get a free demo account and learn how the business work. Refine your skills in your own pace before investing any real money. This is impossible to do in any other business.
Note : my recommendation is not to buy any courses whatsoever. You can get all the information you need from books at a much lower price, or often even for free. And stay away from so called gurus. They will bleed you dry. Be very skeptical when things sound too good to be true. Because as we all know, in that case they usually are.