Is Not Easy!
Of course you wouldn't expect it to be with the rewards on offer and the fact its not easy is shown by the fact that 95% of traders lose; this isn't because they cant learn to win, anyone can but because they fall for myths or follow vendors, with junk systems which leads on the next point.
2. Forex Robots With Back Tested Results Will Wipe You Out
The industry is huge but all the heavily promoted robots have a problem - they have never been traded! They produce meaningless, back tests on paper and they never repeat. Any trader who thinks he will get rich by spending a $100 is naïve, stupid or both.
3. The Normal Work Ethic Does NOT Apply
In life you get rewarded for working hard but that's no guarantee of success in Forex. The good news is if you work smart, your gains can still enormous, you just need to acquire the right knowledge.
Another bit of good news is the fact that Forex trading is simple and anyone can learn to win. Simple systems work better than complicated ones, so education is no help in the Forex market, as complex systems have to many elements to break and get turned to dust by the market.
4. Mathematics and Forex are Not Related
You see lots of people selling predictive, mathematical theories but the definition of a mathematical theory is it must be objective and work ALL of the time and no such theory exists. Forex markets move to probabilities NOT certainties and that's why mathematical or complex theories lose.
5. Leverage Will Kill You
It's a fact that more traders lose through over leverage than any other reason. Today, you can get 400:1 with many brokers but 10:1 is ample for most traders leverage up to high and you will get wiped out.
[ForexGen Live Accounts Contest]
Trade, Compete, and Win - Begins the 1st of Every Month!
ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,This is NOT a demo contest
this is a live trading [competition] open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.
What makes this contest unique?
All prizes are CASH prizes with no restrictions on withdrawing the prize money! How Do I Enter?
You don't have to pay any fee to enter this contest, all [ForexGen] mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com
For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com
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