There is a popular belief that lemmings (rodents with sharp teeth
from the Arctic) regularly jump off cliffs to their death.
Unfortunately for this story it's a misconception - lemmings don't do
that - not on purpose anyway. However in the true spirit of financial
journalism we will not let that fact get in the way of a good story
therefore we will draw a parallel to lemming-like behaviour in the
investment world.
It's called foreign exchange trading. Whilst fx trading is regularly promoted as a get rich quick scheme with numerous testimonials from individuals who have been able to leave their jobs and "trade successfully" the reality is, surprise, quite different. Of course anyone with half a brain and ten minutes to research the subject would discover that there is no free lunch, in fact, as one LA Times reporter put it, "foreign currency trading is easy - an easy way to lose money".
However the existence of big companies in NZ, Australia and
globally serving the retail fx market suggests that there is a large and
recurring supply of human lemmings happily willing to take the plunge.
This week we will dig the dirt on fx trading using research on the topic from some of the world's largest regulatory authorities.
Read more at Click here / www.trade4x.net
It's called foreign exchange trading. Whilst fx trading is regularly promoted as a get rich quick scheme with numerous testimonials from individuals who have been able to leave their jobs and "trade successfully" the reality is, surprise, quite different. Of course anyone with half a brain and ten minutes to research the subject would discover that there is no free lunch, in fact, as one LA Times reporter put it, "foreign currency trading is easy - an easy way to lose money".
This week we will dig the dirt on fx trading using research on the topic from some of the world's largest regulatory authorities.
Read more at Click here / www.trade4x.net
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