Have you spent countless hours anylizing Forex charts, only
to come away more confused than you were when you started.
I would be willing to bet that the answer to this question
in most cases is "Yes". The problem most people run into is
simple: Trading Forex is extremely difficult.
The accepted ratio of winners to losers in the Forex market
is anywhere from 5 to 10% (however in my opinion the actual
numbers are probably a lot less). This fact alone is a
primary factor in the rising interest of individuals
opening managed Forex accounts. Let's take a look at some
of the benefits of managed Forex and what it takes to be a
professional trader.
Trading currencies requires so much of an individual, sure
it requires proper education and in most cases years of
"paying ones dues" (losing money). I'd say 9 out of 10 of
todays absolute best professional Forex traders have
suffered serious loss in the beginning of their careers.
When I say serious loss I don't mean blowing out a $5,000
dollar account, many of todays top traders have spent
Hundreds of thousands in order to aquire the skills of a
professional trader; it's the cost many have paid while
learning the ropes. Are you willing to suffer the same
loses in order to learn the ropes yourself. If not you may
want to take advantage of the skills these individuals have
already aquired and the pain they have suffered in order to
become the worlds best. The saying "it's not what you know
it's who you know" could never have been more true.
Trading with a professional Forex account manager will
offer you many positive benefits. Let's take a look at what
some of these benefits are and how they play a vital role
in your financial success.
1. Spending money on courses, books and seminars is often a
cost associated with learning to profit in Forex. When you
open a managed Forex account with a professional, these
expenses have already been paid for by the trader years
ago. After factoring in the cost of professional Forex
coaching, which can range anywhere from $250/hr to
$2,000/hr and up, the benefits are obvious. Your
professional trader has spent a lot of money in order to
provide you with a service which you both have the
opportunity to profit from.
2. Trading on a demo account may give you enough confidence
to trade your funds in a real account, only to realize that
demo trading and live account trading are two different
worlds. The benefits of working with a professional Forex
trader include the fact that day in and day out
professional traders are operating on live accounts. The
only way to trade with confidence on a Live account is
through years of experience. This is the sort of experience
you will aquire by way of networking with professional
Forex traders.
3. Losing money in Forex can be kept to a minimum with
proper money management skills, a professional Forex trader
will know exactly how much leverage to use on your account
in any given trade and will use protective stops to keep
your account losses to an absoute minimum. Money management
is one of the single most vital keys to your success as an
investor in Forex, and can literally make or break your
account balance over time.
4. When you let your account into the safe keep of a
professional you are offered something far more valuable
then money, you're given the very thing that makes life
worth living: Freedom. Each day you can do as you please,
whether it's spending time with friends, family or loved
ones. A good Forex trader will make sure your account
catches all the most profitable trades whether it's 7am,
4pm or 3 in the morning while you're sound asleep.
Investing Forex can be an exciting decision when leveraging
the talents of others, it allows you to live your life
vicariously through the skills of those professional
Traders you have come to know. As always the results of
trading Forex are never guaranteed, but one thing you can
be certain of is that your chances of success are always
increased when working with a professional.
----------------------------------------------------
Ranked in the Top 10 by Google as an International Forex
Money Manager Aaron Stokes is a professional in the field
of managed Forex accounts with an average of 10% growth per
month on managed accounts. For details visit:
http://www.forex-cipher.com
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