Sunday, August 30, 2009

95% of people lose money trading Forex

This would imply that it’s ‘difficult to make money in Forex’ as some claim. From another perspective, is it easy for the 5% who are winning? Also consider in Forex a lot of money is lost due to hedgers, commercial requirements, central bank interventions, and other non-investment losses. That means there are profits that can be obtained by traders in Forex that don’t necessarily need a loser on the other side (such as the case with equities).

Comparative statistics: 53% of workers aged 16 and older in Los Angeles county were deemed functionally illiterate .

Los Angeles is the home of many famous authors , writing clubs such as The LA writers Group and WritersBloc .

Considering the high illiteracy rate in Los Angeles, why don’t these authors change their profession to something that doesn’t require reading, or relocate to another area where there is a higher literacy rate?

The reason is clear; anyone in the world can read their books, not only LA residents. Secondly, they are writing for the 47% that can read, which in a city with a population of over 4 Million , is still at least 2 million readers.

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