As I mentioned in my welcome page, I have been trading forex, from home, for over 5 years now. In that time I have spent a fortune on training courses, dvd’s & ebooks. I also have traded for 1000′s of hours (the best experience you can find is obviously to do it).

The 1st 3 years were very difficult. I lost money. Went through periods of great elation & deep depression ! Forex is addictive. Forex trading is also a method of losing a great deal of money in a short space of time, if you do not know what you are doing.

The forex market is made up of predominately large financial institutions, who employ some of the sharpest people on the planet. So what chance do we have of  succeeding? The truth is VERY LITTLE ! 95% of traders, probably 98% of newbies, lose money on forex.

Why is the forex failure rate so high?

Education, or rather lack of it, has to be one of the main factors. It is so easy to trade forex. You simply need to open an account with a broker. Download a free copy of their trading software. Hand over some money & away you go. This ease of access is in my opinion, the biggest reason so many fail.

How can we possibly hope to compete with well trained, experienced forex traders who have been doing it for years ? The answer is we can’t. For every winner in a forex trade there has to be a loser. We are small fry swimming with the sharks. These guys and the forex industry need a constant supply of losers (you & I) to feed upon.

What is the solution?

Education. If you at least learn the basics you are giving yourself a chance to compete.  If you would like to download a FREE copy of my “How to trade Forex” ebook then simply fill in your name email address in the box (top left hand corner of the page). This is a free, basic introduction “how to trade forex”. If you are already trading forex then I have a particular way of using a combination of emas & indicators that you might find useful too. If you would like to know more, check out the video;

UPDATE MARCH 2010

If you really want to learn how to trade forex successfully  then consider joining our low cost forex mentoring program. We teach you the forex training basics right through to intermediate level with a range of educational videos and e books. We also provide a daily blog post advising what trades we are looking to take tomorrow & why. We have a 5* rating on forex peace army & if you decide its not for you, we will give you your money back! So you have nothing to lose, check it out here:

http://www.forex-fxtrader.com/blog/l-m-t-forex-formula-review/