Why do so many Forex traders lose money?
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 (without a bungee cord) and be on-line “playing” within a matter of minutes, at up to 200:1 leverage. This type of behavior is pure gambling, but it’s a fact of life. If it were not so, Las Vegas would still be a lonely dirt road and a single gas station. We teach Forex trading from the perspective of a risk-averse investor who simply wishes to take advantage of the quick turn-around time in the Forex market — i.e., minutes to hours, rather than days to weeks, perhaps even months as with stock, options and commodities trading. We teach Forex trading not as a “get rich q
