Author Bio

When I would catch my kids in a little white lie like when they borrowed the car without telling me or they stayed out all night and didn’t call, they simply told me that if they had told me the truth I would have said NO!  I really wish I had had the choice…

That is a little bit how I feel when I see the “back tested” in a demo account Forex trading systems I see all over the Internet.  Maybe I am a sucker but when there is a beautiful girl on twitter telling me I can make 1000 a pips a day why do I keep clicking through?  Maybe I am hoping for some transparency – some real honest indication of performance metrics that are real and authentic. So in the interest of transparency Currensee style, here is a chart direct from the Currensee platform that shows my actual performance by Currensee pair over the last month.

What does this chart tell you other than the fact that I should stick to my day job of running social Forex trading networks?  It tells you is that if you are going to buy a trading system or have someone trade for you, or accept anyone’s advice look for charts like this and others like this can be backed up with REAL live trading data from real live trading accounts.  That’s transparency, not the old Forex sleight of hand!

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Be sure to read the full risk disclosure before trading Forex.  Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results.

Author Bio

A friend referred me to this video on CNN where a TV host is trying to convince a caller that his parents are being taken in by  financial scam after someone offered them to double their money every month by trading Forex. The financial world in general and the Forex space in particular is very appealing to people’s weaker impulses when they hope to achieve the dream of making money without working.  It’s a lot like those express diets that attract the people who want to lose weight without breaking a sweat.

So here is a little shot of reality: Professional traders in banks or other funds usually go through at least one year of training before they are allowed to touch the bank’s or its clients’ money. So don’t expect to master the domain in a shorter or even similar time frame. A very high return from any sustainable investment activity is never over 3% a month, which annualized is about 42% and also means that you are doubling your money every two years – which is beyond excellent return.

Assuming you need $100k a year to live you would need to trade with a $250k Forex account.  If you want to get to a $250k account and you are starting with a $10k account, it will take you nine years to get there, assuming nine years of consistently high returns.  Anyone else who says differently is either lying or trying to sell you something. Maybe both.

A good rule of thumb in life and in Forex markets is that if something sounds too good to be true, it probably is.

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Be sure to read the full risk disclosure before trading Forex.  Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results.