There are a few ways to participate in forex trading. I have tried to trade forex myself, but the statistics do not lie and my own experience bears them out. Many people try to trade forex and have found out that it is very difficult. Ninety-nine percent of the people who do try fail. They either trade with emotions, do not understand the charts, just are guessing or have very poor risk management. I went through all of these. But you do not have to give up on having a forex account and making a nice income. There are many experienced traders who do know how to do it consistently. The key is to find the right one and have that person do the trading for you.
For me, I have finally found the right vehicle. Now it is like Greyhound for me... take our bus and leave the driving to us. About a year ago, I re-connected with an old friend online and he had been trading successfully for a while now. He introduced me to forex again through his company Next Gen 4 FX. At that time, they were providing trading tools for example Expert Advisors, signals, and trading methods.
I started promoting his company as an affiliate. But to tell you the truth I was looking for something which would provide a passive income for me.
Then in July, he told me about their managed forex accounts in which I could invest some money and earn from the trading of their professional traders. Now I was interested. After talking a lot with him and learning about his own experience, I decided to take the plunge. I actually withdrew all my IRA money (about 3 months early) and sent it to them to trade. It was about $19,500.
Now through November, my account is at $28,000. So you see it is possible to build up an investment from forex!!! And you don't have to know anything about trading.
So are you ready to take the plunge too? I am here and ready to help you become involved and in my next post I will tell you how we are doing it now.