Shake off the disillusion now..

[ October 19, 2010 ]

انقر على هذا الشريط لعرض الصورة كاملة.

A guy named Jim Collins is about to smash the Forex scam. He says that Forex traders need to be rational. They fall prey to the scammers because of their greed.Another thing he points out is that most banks use indicators to profit from Forex traders and these banks are with an average ROI of about 20% to 30%.
While his survey shows that- 35% of the traders don’t use indicators at all- 20% of the traders use Moving Averages- 25% of the traders use Indicators for convergence and divergence- 10% of the traders don’t have any systematic approach to Forex trading. They follow hearsay, or they follow the broker’s advice. Apparently, they are the worst hit.
- Only 10% of the traders trade on the basis of indicators. Only 1 or 2% know how to profit from indicators. Of the 10% traders that use indicators, majority of them are not able to interpret them correctly. The balance 1 or 2% that do use it in correctly, are able to pump up reasonable amounts from the Forex. It is not easy to interpret the indicators at all times. If you want a steady stream of profits from Forex, then you need to have a surefire strategy and powerful unique indicators, and that’s what is all about.