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Thursday, May 14, 2009

Learning All About Forex Currency Trading

By Jake Patton

Avoid the hassle, the traffic, and the grind of a routine 8 hour per day job, and instead, work from the comfort of home. That sounds almost irresistible, and explains why forex trading appeals to so many people.

I too was one of such people. It seemed that a number of people on the internet were making large profits at forex trading. It seemed easy to do and I hated my job anyway.

Most of these people trading forex quite often are like empty vessels making a lot of noise. Only a few are successful and one should be aware of the fact that he may not become one of those handfuls.

During just a cursory look at forex, you'll hear amazing percentages being tossed around, like "95% of forex traders are losing money, not making it." 95%. So is forex currency trading so complicated, so demanding, that an ordinary person can't do it? Not at all.

The problem begins when people interested in forex trading don't actually learn before they leap, jumping right in head first without first understanding some of the basics. Forex trading is not about gambling and luck; leave that for the casinos in Vegas. Picking the right direction of a currency pair is not about luck.

A lot of people use the term playing of money instead of the word trading because that is how they consider the game. Actually they treat it like a gambling game rather than a trade.

People love a short cut and easy ways to make money. Wouldn't it be great to have one of these charting packages that do the thinking for you and the software does all the work, telling you when to buy and sell? Unfortunately reality isn't that easy.

Indeed, this whole idea of forex trading from home looks lucrative, but most of people are unsuccessful and the losers. - 23208

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