Yes, there are thousands of successful currency traders.

In a recent currency-trading contest for live accounts, the top three winners more than doubled their money in one month. In addition, hundreds of other participants had double-digit returns. To view more information about the contest, click here.

Not everyone makes money trading currencies. In fact, we estimate 80% of traders lose money and only 20% actually make money. Yet, the odds of profiting from a spot currency trade is close to 50%, since for every currency transaction one person makes money while another loses. Despite this probability, most people still can’t make money trading! 

With these types of statistics one might think that those who make money have inside information or somehow have the ability manipulate the market. However, the currency market unlike equities or futures is too big to manipulate evidenced by the fact that the governments of the U.S., Japan, and the UK have repeatedly tried to manipulate the market and failed. Additionally, all market information is simultaneously available to all traders at the same time.

Common sense suggests that it could be possible the 20% of profitable traders know something that everyone else does not. In fact, they do. In general they have sound money management skills, clearly defined trading strategies, and mental discipline. The FX Power Course is designed to teach you how to master these skills.