"LOSING MONEY TRADING FX (AND A SIMPLE SOLUTION)
by Steve W. on 10/20/2008 01:54:00 AM EST
We all know the statistic, and it’s not a pretty one. According to CRB, “Ninety-two percent of day traders trying to scalp lose money. Only eight percent are successful. Out of the eight percent, only two percent of the day trading public makes money on a consistent basis.” Why then, when these numbers are so widely publicized, would so many newer traders come into the market each and every day and try to earn a killing? It’s simple: economics. The majority of the human population is economically driven, and there’s no justice to go into the reasons as to why. It’s why lottery games where individuals have a 1 in 47 million chance of winning keep getting millions upon millions of people trying twice a week to hit the jackpot. People want money, and they want it now."
Read the rest below...
http://www.nobrainertrades.com/2008/10/you-lose-money-trading-fx.html
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