Selling forex strategies on the internet is a big market. Many new strategies are created daily and sold on the internet to traders looking for the holy grail. As long as their is always uneducated traders their is always a market to produce strategies to sell. So is this a good or a bad thing?
As most of us are aware, 95% of traders will consistently lose money. Only 5% make profits and these are generally the eduacted traders. Every day we have numerous emails asking about what indicator / strategy / software we use. Let me be very clear about this, without the compulsive forex education, any indicator, strategy or software you use will not help you make money on the forex markets. Further more, without the forex education no strategy sold on the internet will make you consistent profits. A big win here and there is not trading, it is gambling and is destined for major losses.
So, if forex education is so important why does Google have 366,000 forex strategies listed? Surely knowing even the best strategy out there is useless without the education and having experienced the markets and emotions that go with it? The answer is simple. The uneducated will always look for the quick fix and have no idea what it takes to be a trader. It's exactly because of this reason that there is an abundance of strategies for sale on the internet. Don't be fooled, no matter how good you are told a strategy for sale is (and most are not as good as they may seem), the best strategies are the simplest and I am going to share with you the simplest and probably one of the best type of technical strategies for the forex market tomorrow.
Good trading.
FX Analyst
Anne Chapman
