Category: Forex Trading
Forex trading is deceptively simple to get started in and making money, but its also notoriously easy to lose ALL your money before you even know it.
Because its so easy to win and lose money in trading, there is a whole industry that's sprung up to entice people to try their hand at trading with promises of insane riches in double quick time.
You will find forex brokers, online trading mentors and personalities that parade a false lifestyle of making millions from trading that entice people into the lifestyle with false images of houses, cars and lots of cash into thinking that this is a get rich quick opportunity.
The reality is, is that most people (common wisdom say's 80% of retail forex traders will lose all their money within 90 days of starting to trade)
I've seen people lost all their money within the week or even sooner, trading is not for everyone and you'll have to think long and hard about entering the industry and everything associated with it.
But don't worry, all is not lost. I'm here to tell you the truth about the industry and what you can expect, so just read on and find out more.
Forex Brokers, the most important relationship you'll have as a trader?
Copy Traded Forex Accounts
You can either trade yourself or you can find someone to trade your account for you.
On this page, you can find all the information about the copy trading accounts solutions that I've investigated and one that I'm following myself and highly recommend.
For the braver, you might want to take full responsibility of your trading account and not rely on another person to do it for you.
There's one that's not listed, out of respect to my mentor that asked me not to have his link there. Its the method that I am personally trading (I'm still a beginner)
How To Be An Introducing Broker
To tell you the truth, I make more money from being an introducing broker or a referral agent for the brokers that I partner with.
They'll either pay you a once off fee for each trader you refer that successfully starts trading a funded live account or pay you a portion of the "spread" or even a combination of both a CPA (Cost per Action) plus a portion of the spread.
Go to this page to find out how.