Did You Know? <ul><li>95% of all traders in the Forex market are speculators </li></ul>Many new traders make the mistake of assuming that the majority of players in the market are multinational companies that exchange currencies to run their businesses. In reality, this is far from the truth. And this is one of the reasons why there are so many losing Forex traders: they don’t realize that 95% of the market is geared to take their money! The Forex market is essentially a dog-eat-dog arena… and those who aren’t prepared for this reality are soon taught a very expensive lesson.
Did You Know? <ul><li>2. Currency price movements are rarely clear-cut </li></ul>The marketplace is an accumulation of traders that buy and sell for any reason, with each trader having a different set of expectations from other traders. But with so many conflicting interests among all Forex traders, how can you know whether the price will immediately go up or go down? The short answer is that you can’t. No one can. Poor traders make the mistake of assuming they can know where market prices are headed for, in the short term. And this is the precise reason why so many so many traders get stopped out almost immediately after placing their trades! They make unrealistic assumptions because they don’t understand that the market is often filled with conflicting signals.
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