Platinum Author
Well the obvious answer to that question is because they are all losing money at the moment. For all practical purposes, capitalism in America is on hold for the time being.
Stocks are unstable for the most part and bonds may not be trusted. Real estate is falling and there is no bottom at this point that anyone can say for certainty. Banks are holding on to their money unwilling to loan it to those seeking new ventures.
If you want to make extra money to live on or to pad your current income for those extra expenses like private schooling for your kids or a vacation, Forex can be a place to make that extra income. Some people are looking for a way to exit their current profession and make money from their own home. Others are retired and had been counting on traditional methods to increase their investments but those have actually lost them money.
Forex might be a place to put some of your money but first you need to decide how you will invest. Will you do it yourself, find a money manager or purchase an automated trading system?
As a professional Forex trader I would strongly suggest you learn to trade yourself. For less than $300 or $400 you can learn to trade in as little as two or three months. I often get offers from people with money to trade their accounts but I always turn them down. Why? Because no one cares about your money like you do.
So while you may want the security of having someone trade for you the chances of success are diminished not to mention management fees. Last, trading via automated trading systems is a waste of time. There are many reasons these do not work. If you would like to learn more about why, you can do so by looking at the list of articles on Forex that I have written. You will find a number of titles regarding them. If you are good with irony and sarcasm, my article, The-Greatest-Thing-Since-Sliced-Bread Forex Trading System is a good read.
In my eBook called RSI PRO: The Core Principles there is a complete chapter on why trading Forex is such a good thing. You can also learn a specific and successful method of trading Forex that will save you lots of time and grief.
About this Author
Paul Dean is the owner of You Learn Forex and has worked extensively with RSI, the Relative Strength Index developing new insights with trader/programmer, David Moser.
He has written three eBooks: RSI Fundamentals: Beginning to Advanced, RSI Trading Examples Vol. 1, and RSI PRO:The Core Principles.
In addition, he has developed a successful indicator called the RSI Paint Indicator that was adapted from a standard RSI to alert traders all 4 RSI signals. http://www.youlearnforex.com. Visit the site to download a free eBook on the RSI PRO Forex Trading System and the 4 RSI Trading Signals.
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