There are many professionals who look for traders to invest their money with. Instead of analyzing the charts they analyze the traders performances. The benefit they get from investing with others is that they can diversify their capital among multiple traders. So if one fails others can suceed.
@sindarin, if it was easy everyone would do it. It does not happen all the time. A few months ago I read an article where 3 large banks were accused for manipulating price and one of them was citi bank if I am not wrong. They don't have to do it all the day. Just once in a while when they can...
I would recommend avoiding lessons from brokers. Those lessons are most probably developed in a manner to promote their services. There are lots of free learning places so they can be good.
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I trade forex because I want financial freedom in my life. And I am determined to achieve it. It took more time than I expected but I am slowly reaching there. Everyone should know why they are entering in a particular field.
Well I don't like gold or silver. I am not trading but Oil is good and I have my eyes on it. But the movements it make are crazy. And low leverage on it is a problem.
One part of learning was not difficult. The materials we find on the internet. All we need is to read and understand them. The difficult part was using a right approach to become profitable. It was hard as hell. I am still not successful but I am on my way.
There is a very low chance for an impatient trader to be successful. The trader would most frequently take trades in haste for which the outcome may be bad for that trade.
My first learning place was babypips. I finished the school. And then I learned from various mistakes. Also got knowledge from various other sites. Most beneficial to learning process is learning by your own mistakes.
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