Forex Trading

In Forex trading 95% of traders lose money yet, many traders still come into Forex trading thinking its going to be a "walk in the park". These naïve traders, buy cheap software packages which claim they can trade with 90% accuracy, make several hundred percent per annum and only have minimal drawdown, which is normally 5% or less.

Now the above is fantasy and these robots don't work - you don't get financial freedom for a hundred dollars or so and by making no effort. If they did make gains as easily as they claim, 95% of traders wouldn't get wiped out.

So what can you really expect and what should you be pleased with in terms of gains?

The best traders I know will compound in the region of 50 - 150% in terms of gains and these are top traders generally the bigger the gain, the bigger the drawdown.

As a rule of thumb on a 50% gain drawdown would be around 30%, on 100% gain it would be 20 -30% and on 150% gain, 30 - 50%. These periods of drawdown would be for a few weeks to a few months, before a new peak in equity is hit.

In my view if you make 100% on your money and you can keep drawdown to around 20% you will be up there with the very best traders and over time, this growth rate will compound to a a huge amount.

Forex Trading is a Totally Learned Skill

There is no bigger challenge than Forex trading but I have seen people learn in a few weeks and then go onto make 100% gains and you can too.Forex is a challenge but its a skill anyone can learn and there is nothing to stop you enjoying currency trading success if you put in a little time and effort.

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