Is Forex Trading a good business.
Forex trading is a business like any other. I requires the skills know how and an edge just like every other business. You don`t just roll a dice and decide you will become an dentist or start a bakery. You need to have the know what it takes to run a bakery. The costs, risks and opportunities involved.
Forex Trading my have its lures of ease of access and how easy it is to buy and sell, but don`t let this fool you. Forex trading should be taken seriously and given a business approach. The odds that you will succeed in any other business are the same that you will succeed in this.
95% of all businesses are doomed to fail in the first year. 95% of all trading accounts don`t make it past the first year. See the similarity?
Trend with caution, be informed, measure your risk reward and always have a plan to grow and scale up. Employ the same metrics you would in a serious business and the result will be similar.