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Being a Calculated Risk Speculator or Just a Gambler

Being a Calculated Risk Speculator or Just a Gambler



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Forex Online Trading - Should You Pay For Advice?

By : Harold Hsu
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There is a lot of free information available on the internet today about Forex trading, and anyone can easily learn how to trade. However, it's a fact that more than 90% of all traders lose money! With so much free information on the web, how come there are still so many losing traders?

Too Much Of The Wrong Information

Although anyone can get lots of information online, there are unfortunately a lot more sources of junk information than there are good quality ones. This is how many unscrupulous scammers try to cheat honest people into thinking that trading is easy, and that all they'll need to do is to purchase their "secret" trading system to be rich.

Other good-intentioned websites try to provide technical and fundamental analysis information that in reality doesn't work very well in the Forex market at all.

You see, the internet is a global network that allows everybody and anybody to post (almost) whatever information they want. This results in many people irresponsibly posting up trading advice that are not actually useful at all! in fact, these types of information are one of the reasons why so many traders lose money!

What About Paid Sources?

Ironically, free information is generally better than paid ones. This is because there are just too many scam websites out there that charge money for advice.

This being said, you'll need more than just free sources: another reason why there are still so many losing traders is because most of them refuse to pay money to learn good quality information! Although free information can be of very good quality, it's definitely not enough to help you become a profitable trader. The trick is to first learn about the foundations of trading using freely available resources, and then pay some money to bring your knowledge up to the next level. In my experience, people who invest in their trading education will almost always beat people who don't.

Be Careful When Paying For Advice

To be a profitable trader, you'll eventually need to pay for more trading education! there's just no way around it. But you should be careful about websites that promise you the sky; If it sounds too good to be true, it probably is. Be realistic, work hard, and the rewards will be more than worth it.

About the author:
To learn more, download my free 26-page guide here: "Forex Trading Traps!"Harold Hsu is the owner of where he provides premium Forex trading information and resources.

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