The Forex Debate. Can You Make Money from Forex?
Posted by john shawMar 11
Not All Forex Brokers And Systems Are Scams.
You CAN Profit From Forex.
I’ll be honest here. When I first started out trying to make an online income I ended up trying all the wrong things. I moved from one get rich quick system to the next, determined that this was going to be my big breakthrough.
It never was.
And Yes, I even tried my hand at trading the forex markets, net result? A loss of about $4000. It was a scam.
The brokers were taking my money, trading against me, stop running. It wasn’t my lack of training nor my eagerness to grab huge returns quickly…
Actually it was. It was ALL my fault!
Every single one of us has developed a disease in today’s society. That disease is impatience. Everything has to happen now or not at all. If it doesn’t, it’s either labelled as useless or it’s a scam. That is why so many forums have been set up on the internet. These forums make us feel better when we moan or name call but the bottom line is most of these people posting are newbies who haven’t taken the time to learn how to tade forex properly.
When I sat down and analysed just what contributed to my losses it was balatantly obvious that I just hadn’t stuck to a system with strict rules. The first of which was to trade on a demo account or paper trade as they call it. I did this after I’d made my losses and LEARNED TO TRADE on a demo account. I also applied rules and stuck with them rigidly. Doing this no longer made my trades a gamble.
NEVER GAMBLE!!!!!
Forget the people who tell you Forex Trading is a scam. It can be a legitimate way to make money from home. Just try a demo account and learn from the plethora of tutorials out there. BabyPips offer great free advice.
You will have to decide what style that suits you but take your time.
Some courses are overly expensive and some ads ask you to attend a training seminar….Don’t! I’ve done it and got nothing but three hours of hard sell, and NO training!
You can either buy tutorials in your newagent or you can get them on Clickbank, not normally a place I would recommend but there are a couple of good, sound, cost effective systems on there.
One I would recommend is “10 Minute Forex Wealth Builder” by Dean Saunders.
Forget the “iffy” title and focus on the quality of his excellent method. Suffice to say you will also be getting an 8 week refund guarantee which is more than the norm.
Remember to use this system on a demo trading account which will be easy to find if you Google it. Metatrader 4 based accounts are easy to implement and understand. Once you’re absolutely happy that the system works I would suggest that you open an account with IG Index UK (no affiliate link) and make use of their spreadbetting platform allowing you tax free trading in the UK (at the time of writing). I use them and find them very helpful and have had no problems thus far. Their spreads are pretty decent too for spread betting.
So get “10 Minute Forex Wealth Builder” here and start learning.
Just another Work From Home Idea!






