Monday, November 06, 2006

Sharing An Advisory from an Experienced Forex Trader

I received an email today from an experienced trader who made me realize that a lot of what I’ve been writing about lately probably goes over the head of the prospective and/or inexperienced trader. I thought I’d share it in hopes that it will encourage you do to stick around a while.

Dear Phil,

A fellow trader sent me an email the other day talking about Forex non-dealing desk brokerage and cited an article that appeared on your blog. Well, I just spent the better part of two hours reading through your posts and was frankly blown away.

I’ve been trading for six years and I can tell you that the perspective you offer along with the research and reporting you’ve done is a real eye opener. Had your blog been in existence when I first started trading, I’m confident I would have approached the business far more cautiously. In the process I probably would have saved myself $10,000 in losses that probably were more attributable to broker malfeasance than my own ineptitude.

I do, however, have a recommendation and that is that you find a way to get your visitors to read through your blog’s archives, especially the earliest ones, because they really bring to light many of the dangers of Forex trading. I did that and found myself reading every entry. Your blog is not only informative, it’s intoxicating.

Keep up the good work.

Jason
Miami


Upon reflection, I have to admit that most of the posts I’ve written lately probably go over the heads of all but the most experienced traders. When I first started this blog, it was my intention to reach out to the prospective and inexperienced trader. Based on his email and a close examination of my server logs, it’s apparent to me that I have lost sight of that focus.

As a result, I hope you’ll take this invitation to stick around. To view the blog’s archives, all you have to do is scroll down the left hand side of the page. When you've completed your reading, I'd love to hear from you as well.

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