Sunday, September 16, 2007

Be Realistic When Selling on eBay

As some of you know, I spent many years buying and selling both on and offline and several of my products are based upon my own experience in this area. I know that the vast majority of my customers and subscribers have an interest in trading whether it be on eBay or at the local market but more and more I am seeing people with completely unrealistic expectations of what they will be able to do. Most commonly these unrealistic expectations are in respect of how much it actually costs to purchase specific products and what they can then be sold on for.

I regularly get emails from people who want to know where they can purchase products such as mobile (cell) phones, new release DVDs, Playstation games and similar at, say, a 50% discount to resell on eBay. The fact is that such a thing is not available - it is a simple case of supply and demand and competition.

Take DVDs for example, most people think that these are excellent products to resell on eBay because they are very popular, not particularly expensive and easy to package and ship. Unfortunately, they could not be more wrong. The DVD market is one of the most competitive that there is - take a look for yourself and see how many auctions there are on eBay for DVDs at any one time. I have just looked and counted almost 300,000! At any one time there will only be a certain number of buyers wanting to purchase a particular DVD and if you take into account the numerous different places there are that each buyer could purchase from, it is likely that in general, there will be more copies of an individual DVD available than there are buyers to purchase them. This situation causes prices to fall. The other factor that forces prices down is the fact that one DVD is the same as another. By this I mean that from a buyers point of view, there is no difference to a new DVD purchased on eBay to one which is purchased from their local DVD store. Often the only way to differentiate is on price and of course, the only way to make the price more attractive to a buyer is to lower it.

The above reasons help to explain why the wholesale discount on a new release DVD is just 1 or 2 at most ($2 or $3 roughly in the US). When you take into account the fact that the large retail chains can purchase thousands of DVDs at a time and receive a bigger discount than individual traders, you soon see why it is very difficult for a small business to compete in such a competitive industry. You simply cannot purchase new release DVDs at 50% discount and even if you could, it wouldn't be long before prices were forced down as there is always someone willing to sell a little bit cheaper than the next man.

It isn't just DVDs that fall into this category. Take mobile (cell) phones. Here in the UK you can walk down just about any high street and get the latest phones either free or for a minimal token payment. The stores are relying on making their money from the line rental contract that you will have to sign in order to get the phone. Of course, the actual cost of the phone is not free - most new mobiles are actually worth 200 or 300 which means that if you want to buy a batch of phones at wholesale, you are going to be looking at a pretty high unit cost. As with most electrical products, the market is competitive and prices have been forced down which means that the difference between your wholesale buying price and your retail selling price is minimal.

There are numerous products that suffer from the same market conditions as DVDs and phones and new/small traders really should avoid trying to sell such items at all costs because it will usually be frustrating and ultimately not financially rewarding. When trying to decide what products to sell, you need to be thinking about the type of market that a particular product is sold in. If there are already numerous sellers and many large companies selling at considerable discounts this is far from ideal. The exception to the rule is if you are able to add value in some way to make your 'offering' more unique. I wrote about adding value last year in one of my newsletters - you can read it here:

At the end of the day, it is all about research, being realistic and having an understanding of the market that you want to operate in. Whilst it would be great to be able to buy and sell new release DVDs (or whatever) all day long, doubling your money every time, I am afraid that this is just not going to happen.

Copyright 2005 Richard Grady

Richard Grady has been helping ordinary people earn online since 1998. He writes a free newsletter which is published every two weeks. To subscribe (and claim your free gifts), visit:

Online Stock Option Trading

After getting into the market with stock trading, online traders tend to look for the next challenge. Options are definitely a challenge as much for the amateur investor as the seasoned broker. Since options demand rapid response, online trading access is the way to open this money making opportunity to anyone with the cash and nerve to play.

Options have the reputation for high risk. No question that reputation is earned. The flip side is that hitting an option at the right time yields a fat payday. The lure of big bucks might be appealing to novice investors but its a strategy for experienced traders. Even veteran stockbrokers can get caught on the wrong side of a trade and lose millions in minutes with options trading.

Enough gloom, lets look at the upside of online stock option trading. Traders can limit the financial risk while keeping control over a block of stock. The difference is that options are perishable. Think of stocks as the baked potato and options as the butter melting on the hot potato. The stock will be around a long time but an option has an expiration date. If the option is set to expire on Friday, then the trader must be prepared to deal with that timeline.

Online stock option trading follows the same rules as any options trading. If your option expires in the money then you can choose to purchase the stock or redeem the option for a stated value. But if your option ends up out of the money, then you lose your investment. Its an all or nothing play.

The winners in online stock option trading make their money by educated guessing. They prepare for this high stakes contest by learning the fundamentals of puts and calls options. With more experience, online option traders move into more complex strategies using strike prices and straddles. Some traders vary the strategy used while others find their comfort strategy and stay there. While a stock trader is looking for upward or downward movement, the options trader needs to pinpoint the degree of movement. Using the complex strategies does not necessarily result in better gains than with basic puts and calls. Again, online stock option trading is a game of skill and moxie regardless how its played.

Online stock option trading can be used to reduce risk and minimize losses. Regardless of whether the stock market is going up or down, stock options can still be winners. Some traders may move between trading stocks to options trading based on what is the best opportunity for the current market condition. Online stock option trading makes it possible to combine the options trade with the stock trade in a strategy that either goes for maximum profits or protection of the stock value.

Online stock traders owe it to themselves to explore the potential for options trading. Using the same research and background information, traders can use online stock option trading to boost profits and add an element of excitement to the process.

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Currency Trading Success-To Succeed You MUST Accept This Fact

Currency trading success relies on a lot of different aspects but the one most new or inexperienced traders make is the one that we are going to discuss in this article.

You may be surprised that what we are going to discuss is a key element for currency trading success, so lets look at it.

The fact we are talking about is:

You must be mentally prepared to accept huge gains You may say this is easy, well most traders cant do it and heres why.

First lets look at the key to making profits

Run your profits and cut your loses

But this is the exact opposite of human nature

A trader when he has a profit wants to take it and the bigger it gets the more he wants to snatch it.

For currency trading success you MUST follow the longer term trends, most traders dont they simply bank profits quickly and think their clever for getting a profit.

The fact is the profits are never big enough to yield enough profit to cover their inevitable losses

Holding a trend is not easy!

Especially as short term volatility forces the position back causing you thousands in losses. Its here you must have the courage of your conviction to hold it.

If you have a sound method you must only exit when your system tells you

A good system will not trail stops to close but give the market room to move. Moving stops to quickly to lock in profit is simply a great way to get stopped out.

How to fail straightaway

Other traders when seeking currency trading success dont even bother to look for big profits.

They fall for the myth of day trading and short term swing systems.

This ensures that they only target small gains and there losses are just as big or bigger, their transaction costs mount up and they fail.

Short term trading has the odds stacked firmly against you and to win you need them in your favor as much as possible, so catch the big trends and hold them.

Have the courage to see the big picture

Accept short term volatility will hurt you, but thats on paper not in your pocket

Currency trading success is all about the dollars you put in your pocket.

The way to do that is be a long term trend follower and make as much as you can from the big trends, that make the big profits.


On all aspects of becoming a profitable trader including info about legendary trader W D Gann who made a $50 million fortune trading go to our website for an exclusive Gann Trading Course visit our website at

Demystifying Private Equity

For all of the attention that the financial press has bestowed upon the private equity industry, it seems that none of these media outlets have explained what this private equity phenomenon is and how it may relate to everyday leaders of small or midsize businesses. Moreover, these reports often fail to describe what makes private equity a dynamic and growing part of today's economy for businesses large and small.

In spite of what the headlines may lead us to believe, there is far more private equity capital invested in small and midsize enterprises than the handful of massive transactions that are chronicled in the pages of business publications. The private equity market has become an increasingly important source of funds for start-up enterprises, private businesses, firms in financial distress and, more recently, public firms seeking privatization.

This is the first of a series of articles in Winning Workplaces' e-newsletter designed to demystify private equity along with other alternative capital markets, and to provide a roadmap to navigate the financial paths that can be foreign to many of us. Through future articles we will also illustrate how better-informed financial decision making can result in improved work environments and stronger organizational cultures.

Before delving further into the subtleties of capital markets, it is best to start by asking the most basic question: What is private equity? "Private equity" is a term most commonly used to describe the entire universe of venture capital investing, buyout transactions and mezzanine/subordinated debt placements. One may also add that private equity is broad nomenclature for any type of equity or debt investment in which the securities are not freely tradable on a public market.

While this type of capital is not a new concept, the categorization and institutionalization of it are new. Entrepreneurs have turned to friends and family members to secure funds to buy a company or start a new business for as long as there have been corporations. This informal source of capital, the original "private equity," is still believed to be the largest source of private equity to corporate America.

Only in the last 30 years has capital been widely organized into private funds where general partners find, structure and oversee investments on behalf of institutional limited partners. Pension funds, endowments, foundations, insurance companies, wealthy families and other private equity fund investors have recognized that the long-term nature of business growth is not always compatible with the short-term horizons of stock analysts and public investors. Additionally, investors have realized that many of the most exciting and rapidly growing businesses are outside of the public equity markets.

As a result of strong returns to early private equity investors, pools of capital have continued to be organized at a rapid pace with the goal of seeking out long-term investments in companies of all sizes that are in need of capital. There are now hundreds, perhaps thousands, of private investment vehicles that have been formed for this purpose, and some have further specialized to focus exclusively on specific industries, certain stages of companies (ie, start-ups or distressed businesses), particular strips of a company's capital structure (ie, mezzanine debt) or even ownership structure (ie, non-controlling positions or women-owned businesses).

Now that you are armed with a brief background on private equity, you may be asking, "When is institutional private equity the right capital for my company?" Of course, there are numerous factors that one should consider before taking on a private equity partner beyond the financial ones, but putting those issues aside which we will address in future articles let's first focus on the cost of capital. Most forms of private equity and debt will be more expensive than what your local bank can provide. Thus, firms that raise private equity tend to be those that may have difficulty seeking funding from conventional financing sources.

For example, firms may be unable to get bank credit to fund rapid growth; or a bank won't fund the buyout of an existing shareholder; or a business is experiencing an industry down cycle or the establishment of a new initiative; or perhaps a company needs a bridge loan through financial distress. These are all situations where private equity capital may on the surface seem expensive. Yet, it is likely a lot cheaper than the alternatives, such as not growing, staying wedded to an unhappy shareholder, not paying bills or even going out of business.

Private equity comes in all shapes and sizes. In future articles, we will address how to position your company to access capital from these types of outside sources, including private equity, and how capital and the sources of capital can play a significant role in workplace culture.


Winning Workplaces' goal is to provide small and midsize employers with proven, practical, and affordable people practices. Too often, the information and resources needed to create a high-performance workplace are out of reach for all but the largest organizations. Winning Workplaces is changing that by offering employers affordable consulting, training and information. We help employers assess needs and develop strategies to improve their workplace practices.

For more information, please contact us at:

Famous Business Strategies

Either simply a looker-on or a player in the world of business, you see millions piling into the accounts of world's most famous businessmen and naturally the question pops "How?", wondering what is the alchemy they've discovered? Yet, there is no magic here - it's mostly pure strategy. And what it takes to spot it and make it real.


Identifying the best strategy for your business is the key to all success. It should give you the lift that makes a difference. The art for your strategy success is planning.

* settling a vision for your business
* defining a mission
* setting out objectives
* establishing values, goals and programs.


It is all there, it is all important, but first there is the vision. So, is vision a spark, is it a moment? How much is inspiration and how much hard work? Is it 99% perspiration and only 1% inspiration? Can we all be geniuses?

According to Edison's theory I would say yes, if we are committed to hard working, as it is primarily the hard work that makes a genius. Inspiration comes on the way, when involved in as much action as you can handle. Contrary to the conceptual meaning, inspiration seems to be driven by propitious conditions - in this case, by work.

Hard work

So, what really happens behind the fairy-tale success stories is usually not what some would expect - a brilliant, extraordinary, never heard of discovery that changed the world, but, disappointingly enough, plain hard work. What these people have is what I would call "industry intelligence". How is it acquired? Working of course. That is, sharply aware of their industry environment, learning all the rules and deeply involved in their own businesses, success people have at some point of activity a vision for their business that proves to be a winner - the revelation naturally produced as a result of their work commitment.

Let's take the example of three American legends: Sam Walton, Warren Buffet and Bill Gates. What do they have in common? The winning vision, the winning strategy.

Sam Walton

In the case of Sam Walton, no new, innovative business models were launched. He followed the existing low-price retailing pattern but the competitive successful strategic approach was that instead of focusing on large cities he took his business to small towns becoming the low-price leader in rural towns.

Warren Buffet

Warren Buffett's success resides in his different approach to value investing. While usually investors look for stocks they believe undervalued by the market, Buffett does not take into consideration the stock market aspects, such as for instance the supply and demand ratio. He analyzes the stocks on the basis of their potential as companies. He is interested in long-term results, such as ownership in companies with capacity of generating money, namely, companies with a strong name, great historical results, strong management and industry expertise.

Bill Gates

Neither is the case of Bill Gates to have made extraordinary innovations. Rather than innovation, he had the ability to put together other people's ideas, thus producing big hits and making a profit. He did that first when adjusting BASIC programming language for the Altair 8800 (first PC) - neither of which was his original creation. Then, the same happened with DOS, which Microsoft bought (the original version was QDOS) and adjusted.

Business strategies implementation

Then, action comes. As the saying goes, planning without action is futile, action without planning is fatal. It takes guts to act boldly and take whatever risks are necessary to put your vision into practice. It takes a great deal of tenacity to surpass obstacles and get over unfortunate happenings on the way. So, how did they implement their planned strategies? What was the outcome, what principles resulted for them to base their businesses on?

Warren Buffet

For the implementation of his strategy, Buffett has drawn his company choice principles, involving a great deal of analysis of business, management, financial aspects and a great deal of patience, waiting for the right price once the possible investment has been identified.

On businesses

* simple and understandable
* consistent operating history
* favorable long-term prospects

On management

* rationality in treatment of retained earnings and investment of company profits
* disclosure of all aspects of company performances
* capacity of thinking independently of other managers' way of thinking.

On financials

* look for return on equity, not earnings per share
* analysis of free cash flow growth
* unique niche companies with high profit margins
* look for companies with at least one dollar of market value for every dollar retained

On stock valuation

* reasonable price for the company
* stock valuation analysis followed by analysis of a possible significant discount, case in which it will be purchased.

Success depends on the investor's dedication to learn and follow the principles.

Sam Walton

He gives his ten rules for success in the book "Made in America, My Story":

1. commitment to business
2. profit sharing with partners
3. partners' motivation, competition encouragement
4. total communication with partners, trigerring their commitment
5. giving appreciation to what your partners do for the business
6. keeping spirits up in celebrating success but also in treating failures with a touch of humor
7. listening to everyone in the company, encouraging their talking
8. a sustained exceptional relationship with the customer - exceeding his expectations, showing appreciation, apologizing for mistakes
9. finding a competitive advantage in controlling expenses
10. originality, doing things differently there is a good chance to find unexplored niches.

Bill Gates

Microsoft's corporate mission "A computer on every desk and in every home" shortly became a reality. Offering an easily accessible operating system for computers, perceiving the importance of customizing their product to the ordinary client and not only to computer engineers and thus addressing masses, Bill Gates succeeded in putting together and promoting towards a tremendous popularity (and profit accordingly) the world's dominant operating system.

What these people have in common is nevertheless an extraordinary ingenuity: they innovated their industry domain, building their own strategy tailored for their own business particularities and went further to its implementation.

Laura Ciocan writes for where you can find more information about how to make a successful business plan.

Please feel free to use this article in your Newsletter or on your website. If you use this article, please include the resource box and send a brief message to let me know where it appeared.

U.S. Utilities Quietly Worry about Uranium Supply

According to Fridays Nuclear Market Review (NMR), many market participants were left stunned by the recent record jump in the weekly spot uranium price. The market has increasingly diverged between those who have U3O8 and those without. Utilities with existing supply contracts are heaving a sigh of relief, NMR editor Treva Klingbiel wrote. And those trying to find uranium in todays climate are forced to face the reality of a sellers market, she said.

Is there pity for one market participant, who is now scrambling for very near term delivery of nearly 500 thousand pounds U3O8? Probably not. This buyer must compete with 7 others hoping to secure about 3.2 million pounds of U3O8 equivalent.

NMR reports, Sellers remain reluctant to sell significant quantities today. By waiting longer, sellers expect to get a higher price for the material they hold. After the previous weeks astonishing price jump, the spot uranium market was exceptionally quiet, according to Klingbiel. The spot uranium price indicator remained unchanged at US$113/pound. TradeTech posts changes in the weekly spot uranium price on the consulting services website, at

Utility Pricing Climate

Utilities remain skeptical about the long-term pricing of uranium. This weekends Barron article, about the crisis nuclear utilities face, quotes Exelon Corps (EXC) Tom Malone and Entergys (ETR) Frank Rives. Both believe uranium pricing should settle down. Malone quoted a long-term uranium price of $40/pound. Utilities accustomed to lower pricing levels and wishing for uraniums return to a more advantageous price level for themselves, may be waiting for more than a few years. In conversations we had with TradeTechs Gene Clark, equilibrium might not take place until 2017.

We provided TradeTechs Uranium Price Forecast through 2008 in Chapter Two of our soon-to-be-released Uranium Outlook publication. Going out further, uranium production should not reach 230 million pounds U3O8 until about 2017. And there are many disturbing developments in numerous areas, which could substantially lower this production forecast. Foremost are the difficulties BHP Billiton (BHP) may have in transforming Olympic Dam into an open pit uranium mine.

Some utilities are again taking the wait-and-see attitude about higher uranium costs. This strategy has backfired over the past year because a number of countries planned to increase or add civilian nuclear power programs. Now the Arab Gulf States want nuclear energy, adding to the number of countries seeking to obtain uranium. Everybodys going for nuclear programs, Jordans King Abdullah II told an Israeli newspaper.

Against the advice of some experts, we included a special section in our publication, Investing in the Great Uranium Bull Market, predicting a rise of civilian nuclear energy in the Middle East. Turkey plans three nuclear reactors, hoping to start construction later this year on the first one. After Russian President Putin visited Saudi Arabia in February, offering nuclear aid, will U.S. utilities now also be forced to compete for Kazakh uranium against the Arab Gulf States? It appears global deals are being arranged on a country-to-country basis, and U.S. utilities are coming up short.

Environmentalists: Nuclear Friend or Foe?

This past week, Jim Marston, the Texas director of climate initiatives for Environmental Defense told the Living on Earth environmental show, We have come to the conclusion that the threat of global warming is so severe and the time for action is so short that we have to look at all low carbon options again including nuclear. His comments were broadcast on more than 300 public radio stations in all fifty states across the U.S. The shows theme was entitled, TXU Turns Nuclear.

Does this mean environmentalists are switching to nuclear energy? No. Some still cling to atavistic attitudes. One environmentalist interviewed compared a switch to nuclear on par with giving up cigarette smoking and taking up crack.

But, environmentalists influenced TXUs business model, eliminating the construction of eight new coal-fired power plants. According to the shows news reporter, Environmental groups opposed to the utility's plan for new coal plants launched a fierce legislative and legal campaign. That drove down the price of the company's stock, and made TXU a tempting takeover target. And taken over it was, but the company also negotiated with environmentalists by offering renewables, energy efficiency incentives and mandatory caps on greenhouse gases.

TXU spokesman Tom Klekner was also interviewed on this radio show. He pointed out that TXUs power reserve margins were below the minimum of acceptable levels. The spokesman insisted five new nuclear plants were needed. After TXU was taken over, the company announced plans to build the two largest nuclear reactors in the U.S.

Across the country, in New Jersey, state environmentalists are arguing about the NRCs plans to grant a twenty-year license extension to Exelon Corps Oyster Creek Salem 1 and 2 plants. They are demanding the state revise its nuclear emphasis on the Corzine Administration Energy Master Plan. The plan calls for obtaining twenty-year extensions on all of the states nuclear power plants. As one alternative, they suggested building more windmills off the Jersey shore by 2020. A wind farm currently operates in often-breezy Atlantic City, where casinos are also located.

Oyster Creek is the countrys nuclear plant still in service, according to the U.S. Energy Information Administration. Nuclear energy generates about one-half of the states electricity. More than 25,000 million kilowatt hours are generated each year through New Jerseys four nuclear reactors. It is likely environmentalists will do little more than argue about nuclear as New Jersey also has plans to use more coal.

The news media climate about nuclear has rapidly changed over the past five years. Hardly a significant news item was a transformer fire about 40 miles north of New York City at Entergys Indian Point 3 reactor. The reactor could be offline for about two weeks, and the NRC plans on tightening their plant inspections. This was the fourth unplanned shutdown since July.

Another step back for Entergy could be a Sunday deadline to pass NRC muster on their emergency siren warning systems. Only 31 of 150 sirens in three counties failed the test, but thats not good enough for the NRC. The regulatory agency demands a 90-percent success rate. While the utility can request another 75-day extension, NRC spokesman Neil Sheehan announced approval would not be automatic.

These evidences confirm what we have suspected for some time. Regulatory agencies, not the environmental movement, have stepped in to prevent a Three-Mile Island repeat. Over the past thirty years, regulation of nuclear power has evolved above the level of Homer Simpson satire. Engineering developments and safeguards are steeped in sufficient layers of protective bureaucracy to avoid another serious nuclear accident. Science has replaced rhetoric when bringing about changes in the nuclear industry.

With this in mind, environmentalists could better serve the citizenry by focusing their attention on coal-fired power plants, which reportedly exude more radioactivity than nuclear plants. Yes, coal beds commonly have uranium in their composition. No nuclear safeguards have yet been applied to burning coal. Perhaps environmentalists should chase this ball of yarn if they are indeed sincere about carbon emissions, global warming and abrupt climate change.

Next month, the number of U.S. nuclear reactors should increase by one to 104. The dormant Unit 1 reactor at Browns Ferry in Alabama will get its final inspection. TVA (TVE) hopes to restart the reactor in May. The nuclear unit has not been operational for more than two decades. The nuclear renaissance is alive and well in the U.S., not just overseas.

Australian and Canadian Uranium Stock Indexes Set Record Highs

Matthew Smith of TheInvestar reports his Australian uranium stock index closed at an all-time high this past week. The Canadian uranium stock index closed a few points below its record high set earlier in the week.

Smith observed AREVAs developments in Australia. In an email, he wrote, With AREVA being so active right now in Australia this tells us:

They think the 'Three Mines Policy' will be overturned at the end of the month.

There is a higher risk for the Athabascan mines than Cameco (CCJ) is letting on. Therefore, AREVA (whose subsidiary is an owner, through joint ventures, of many of the mines there) is diversifying and spreading their risk over many future deposits and mines.

They see increased demand in a large way down the road. AREVA would not be buying if they could not justify this. The larger miners are generally very conservative. American and Australian deposits are where the big boys will go first when buying. Then, they will gradually gravitate to the more speculative plays in Athabasca and elsewhere.

COPYRIGHT 2007 by StockInterview, Inc. ALL RIGHTS RESERVED.

Julie Icke and James Finch co-authored this article. James Finch contributes to and other publications. His focus on the uranium mining and nuclear fuel sector resulted in the widely popular Investing in the Great Uranium Bull Market, which is now available on and on

Forex Day Trading - The Profit Illusion That Sees Traders Lose

Forex day trading simply doesnt work and you will never find a trader with a track record of real time profits, however more novice traders try this method than any other type of trading. This is desite the fact it will never work, because you can't get the odds in your favor.

If you are considering day trading then you should read this article.

First lets look at why forex day trading doesnt work.

The time period is to short!

Volatility in short time frames is random - PERIOD

This means daily support and resistance levels are meaningless and you can never get the odds on your side longer term.

Now lets look at the illusion of profits.

The Marketing Illusion

You have seen them the headlines promising you 100% annual profits or a regular monthly income - all for just a few hundred dollars.

Of course the reality is they profits do not exist and it's simply clever marketing copy.

Look at the facts and you will see no substantiation whatsoever to back up the claims.

You will of course get a hypothetical track record, done in hindsight but the key word to consider here is hindsight! The person presenting the track record knows the closing prices when they do the track record.

If I knew tomorrows closing price today, I would be a multi millionaire but thats not the reality of forex trading.

The people who create the illusion you can make money forex day trading can never present a long term track record of real profits thats real dollars made in the market by them.

Why Create The Illusion?

These people are mostly failed brokers or marketing organizations that actually have the sense not to trade the system themselves.


Becuase they can make a guaranteed return selling the system to naive forex traders.

Patterns that dont repeat

Many traders look at back data and see patterns.

They think they can trade themselves but this is a bit like roulette wheel paterns - there appears to be an order but the same sequence never repeat again its an illusion, that fools many traders and when they try and trade for real they lose their equity.

Still Not Convinced Day Trading Doesnt Work?

Here is a simple test you can do for yourself:

Ask anyone who claims they make money day trading, to produce to you a real time track record of profits, with supporting bank statements and trades.

You wont get one.

Day trading does not make money, apart for the vendors who sell e-books and forex day trading systems and they cheerfully let you take the losses, while they bank a fee for their services thats guaranteed.

Dont fall into the forex day trading can make you money trap! If you do you will lose your equity quickly.


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