Showing posts with label broker-dealer. Show all posts
Showing posts with label broker-dealer. Show all posts

May 13, 2011

Getting Started in Currency Trading - A Primer for the New Trader

Getting started as a currency trader is easy. But doing it correctly can make a big difference to you chances of success. In Forex the statistics are probably as bleak as in futures where nearly 90% of new traders fail; some very quickly.

I have traded futures, stocks and (since 1997) Forex. I made many mistakes early on; most traders do. But I was fortunate to have an experienced trader as a mentor. Had I followed all of his advice I'm sure I could have made my early trading life easier. But the markets are exciting and we tend to be caught up in that excitement.