Sunday, May 15, 2011
Chances of Success as a Forex Trader?
So just what are your chances of success as a Forex currency trader? In Nial Fuller's newest article over at learn to trade the market he answers this question in a very direct and refreshing manner. Most people say that only 95% of traders make money in the markets. But, according to Nial the percentage of traders who actually make money over the long-term is probably much higher, more like 20-30%. This is because people often confuse being a "professional trader" and "making money" as the same thing. The truth of the matter is that you can make money as a part-time trader on a consistent basis, and many more traders do this than trader who actually make it to professional status. So, the take away point from Nial Fuller is that the aim of a beginning trader should be to make money each month, but not necessarily be a "pro-trader" right out of the gate.
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