Hello to all fellow forex traders and good luck with trading in New Year 2009!!!

I have been involved in Forex Trading for last four years and would like to share my personal experience. It’s been an very challenging and demanding journey so far with mixed experiences.

I lost heavily during initial two years when I was not educated about the dynamics of this volatile and crazy market with no rules. I was at the point of loosing everything as debt was upto my neck. So there was no choice but to say goodbye to trading for time being and focus on improving my financial position.

On self analysis I found that its a myth that forex trading is easy and very simple. It’s a fantasy that with high leverages offered by forex dealers we can make tons of money. But the reality is that its an recepie of disaster and I am sure that most of you will agree with me on this issue.

Then I also realized that I don’t know anything about this markets. I don’t know what are the main factors that drive this market and what are the underlying rules to succeed in it. So I decided to 1st educate myself before making any further financial commitment as I couldn’t afford to loose more.

Believe or not but its a fact that your dealer along with their trading platform also plays an very important role in our success or failure. They never loose as reality is that success rate of retail traders is less than 3% and unfortunately 97% loose their hard earned money which they will never ever be able to regain.

Good Luck to you all!!

Source: Articlesbase