Hi Anna, Whilst browsing thru “ezinearticles.com” site I navigated to your link – Wow!!! I have only read a few pages so far and decided to stop and send you this e-mail. I’m blown away by the clarity, completeness and honesty of the free information you have provided. It’s exactly what I need at this point in my quest – can’t wait to read the remaining pages provided! Thank you!!!!! I’m looking into the possibility of trading in the currency field. Last years return only a poor 4.22% I like medium to long-term trading – multiweek to multimonth. I’m technical trader- fundamental input provided by COT & Spreads I have and not been able to climb up from the current plateau in my trading. I would like to get up to the 30-40% annual returns (law of diminishing returns is not an issue at the moment) and last year’s return has prompted me to look at other areas of trading. Have not found the key issues in my trading plan/psychology that may be holding me back! – do I need to find a mentor? I am drawn to currency trading. Rather than compete directly with the professional 10-20% winners – would it be better for a newbie such as myself to subscribe to services such as Jack Crook’s “World Currency Options” Or “The Money Trader” by Sean Hyman and trade blindly all their recommendations? Thank you so much for your valuable time and kind assistance and any views you may have on my queries would be greatly appreciated Sincerely, Surinder
Dear Surinder
Thank you so much for your email and kind comments which are always much appreciated.
Firstly don’t underestimate your achievements, thus far which actually puts you into the top 1 to 2% of professional traders so congratulations.
Whilst the move to forex will indeed allow you scale up your returns as you will be able to use leverage but please do bear in mind that it is still largely unregulated and you will need to choose your broker very carefully. In addition its lack of transparency and volume can make trading more difficult despite its enormous liquidity.
One way of starting in forex could be using fixed odds – my new site: http://www.fixed-odds-trading.co.uk provides an overview of this low risk method to entering the forex market and I am also preparing a site dedicated to binary betting and a further one explaining currency options and futures.
I’m afraid I can’t really comment on either Jack Crook or Sean Hyman but if they offer a trial period then by all means try them out. Other sites you could explore include: http://www.currency-options-trading.com
However you choose to trade forex I hope find the above useful and do let me know how you get on.
Kind regards.
Anna