Forex Trading Learning
2011
forex trading learning school called f1 academy in singapore. Ever heard about it?
an old friend is inviting me to study how to invest in forex trading. the tuition fee is very expensive. ironically, the owners of the school do not have any forex trading business. their business is the school franchise. their website is fx:1academy.com do you think this is legit?
Those who can do, those who can’t sell their secrets.
If a person claims to be making money in any market, they’ll keep at it and not share their secrets to any one. Doing so will lessen its effectiveness and they will soon lose their edge.
When a person is making money trading the markets, big money will seek them out and ask them to trade for them.
Consider this: A person who makes 25% profit annually is a king of wall street. Many top flight money managers would give away their first born child to be able to do this. A trader who can double his money in a year is a star–as rare as a pop musician or a top athlete.
If you can make 30% annually, people will beg you to manage their money. If you manage $10million, not an outlandish amount in today’s markets, your management fee alone can run to 6% of that, or $600,000 a year. If you make a 30% profit, you will keep 15% of it as an incentive fee, another 450k. You will earn over a million dollars a year trading, without taking big risks.
Given these numbers, why would any one want to share their secrets, their trading edge with any one else?
Hope this helps.
- Jim http://jsforex.blogspot.com
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