Can you Trade Forex Better Than a Monkey?

A study was conducted years ago involving a human and a monkey.  Both sat in front of a computer and asked to trade for a specific duration of time.  By the end of the experiment, the monkey had made more money than the human.  Certainly, results from the case above are rare and should be taken lightly due to it being a single instance of the experiment.  If it were run 1000 times, results would certainly differ.

The main takeaway here is that education-industry salespeople will do anything to make trading look easy.  The reality is that it is not quite that simple.  In some instances, new traders can remain profitable for a short period.  But that doesn’t mean their strategy is perfect or even good!  For new traders, a good thing to remember is to practice trade execution for a minimum of one month.  Do this before increasing leverage and trading substantial funds.

Remember, day trading education is not something to take lightly.  While many people learn correctly and make a living day trading, others make their living by selling faulty and outdated education products.

When choosing a day trading system, make sure to use the product as much as possible before paying for it.  Do this by using free demonstrations, trial periods, and other forms of test drives.  Trading is difficult enough without trading platforms and software companies misleading you.  If the education system doesn’t allow you to try before investing, it may not be worth your time!

Forex Trading & Monkeys

Learn How To Currency Trade Forex

If you’d like to earn extra income trading on the Forex market, consider learning how to currency trade with Forex Smart Trade.   With their super-accurate proprietary trading tools and best-in-the-business, personalized one-on-one training, you’ll be successful.  Check out the Forex Smart Trade webinar that shows one of their trader’s trading and how easy, intuitive, and accurate the tools are.  Or try the Forex Smart Trade 14-day introductory trial for just TEN dollars.