If Forex trading is really as straightforward as it seems, why is it not more popular and why do so many traders lose money?
Stop any 100 people at random in a shopping center and 99 of them will never have heard the word Forex, let alone know how to spell it. Even seasoned stock and options traders think they still have to buy currency futures as commodities in order to “play” the currency market. They don’t realize that a spot Forex market even exists, one in which micro-fluctuations in the currencies can be traded, live and in real-time, such as we do for our own family and teach to our students. Because of its relative novelty and ease of entry, promoters worldwide are jumping on the Forex bandwagon and pitching it as the next “Holy Grail” and charging thousands of dollars to learn. This tends to attract high-risk personality types who are drawn to “pie in the sky” investment schemes. The situation is further exacerbated by the fact that you can open a Forex trading account with as little as $200-$500, jump in and be on-line “playing” within a matter of minutes, at up to 400:1 leverage. This type of beha
