95% of retail Forex traders lose money.
Most retail traders blow a min of 3 trading accounts before they give up.
Apx 50% of retail traders give up within the first 6 months.
Of the 50% that are left apx 90% of them give up within 2 years. Of the 10% that are left around 30% will go on to achieve consistent profitability.
The average length of time it takes a retail trader who sticks it out to get to consistent profitability is 6 years.
Not great stats are they?
Why are these stats so bad?
I was watching a YouTube video the other day of a so called professional trader who said that he did not know how institutional traders trade. He also said that brokers do not put retail orders in the market, but just write them down on a piece of paper. There were over 200 people watching his live feed trying to learn from him. How are you ever going to make money listening to people like that, and the internet is full of these clowns.
You are not going to learn how to trade by watching YouTube videos.
I was sent this email the other day from a marketing company telling me about this fantastic trader.
I wanted to give you one last reminder to get started with xxxx’s trading room. His $7 trial is ending in just a few hours (midnight TONIGHT).
Look I’ve been in this industry for a few decades now, and I’ve seen all sorts of rapscallions trying to bamboozle you into joining something to steal your hard-earned income.
That is not the case here.
We’re offering to give you full access to a legendary trader (xxxx xxxx) for just $7 for an entire 7 days.
Think about what it would cost to pay someone like this to be your coach. Most people of his caliber are charging a MINIMUM of $1,000 per hour.
That’s $40k for a week… and we’re giving you access for just $7.
It’s pretty simple.
We know that many of you will continue to stay on as members, paying just $197/mo for access to his trading room (which is a steal in itself!). The $7 is simply to weed out those who are actually serious about this, from those who aren’t.
And I want to reassure you that if this trading room isn’t for you… just cancel it within that first 7 days and you’ll never be charged again. It’s easy to cancel – just email his support team. There’s no trickery here.
Go here to get started now.
Remember, this offer ends at midnight tonight, just a few hours from now.
So people of his caliber charge a min of 1000 bucks an hour, but he’s charging 7 bucks a week, then 197 a month. Why do people fall for this crap. If he was worth a 1000 bucks an hour that’s what he would be charging.
And if he is such an amazing trader, why would you decide that his trading room is not for you?
Read the title of this article again and think about this statistic.
90% of successful professional traders have been trained by another successful professional trader.
Don’t waste any more time or money. For more information on my Forex training and mentoring program please click here.