Sales Exponential

Article by Philip Gegan

If you’re looking for a currency trading tutorial then you’re going tohave a very wide choice. The business of selling these tutorials isgrowing nearly as fast as the business of actually tradinginternational currencies itself.

This is rather bad news for the aspiring currency trader. Why shouldmore and more people be putting up web sites selling tutorials,systems, software, videos, ebooks and so on, in fact anything to dowith currency trading? Why don’t they just get on with tradingcurrencies and making the fabulous profits they claim you can make ifyou just buy their own particular tutorial or whatever?

The truth is that they can make more money, without the risk ofdisastrous losses, by selling their tutorials than they can byactually trading currencies. Many of the people selling tutorials areactually affiliates who have no special interest in or knowledge ofthe currency markets. They are just there to sell the product.

Even the people who write, or create, the tutorials usually don’tactually trade themselves. This aspect of currency trading is just oneof a number of disturbing trends that have become more establishedwith the spread of the internet.

Part of the reason lies in the fact that, to an outsider, makingprofits from trading currencies *looks* so easy. When you study thechart of a currency pairing and see the ups and downs you can usuallymake out patterns that repeat themselves from time to time. You canthen get fooled into thinking that if you had been trading thatcurrency pairing at the time then you would have been able to see whatwas going on and make a profit from it.

Tutorials are usually liberally sprinkled with examples from actualtrading charts to illustrate what the writer means. Anyone can dothis. It doesn’t mean the system being illustrated actually works. Youcan have any half-baked method and find a chart pattern from therecent past to illustrate that it would have worked successfully, ifyou look hard enough.

Some currency trading “experts” don’t even bother to do that. Theysimply get hold of some resale rights products on currency tradingwritten by professional writers who themselves probably don’t knowmuch about the subject, and mix them up with a few excerpts from freeebooks you can find on the internet to create their own “tutorial” onhow to make a fortune trading the currency markets.

It doesn’t cost too much to get a copywriter to write a convincingsales letter, a web designer to create an attractive web page, and agraphics artist to create some stunning graphics, and you’re inbusiness selling currency trading tutorials.

I’m not saying all tutorials on this subject are phoney like this.There are a tiny few that are written honestly and with a genuine wishto help new traders. This article is here to warn you of the danger ofcoming across one of the thousands of phoney tutorials.

The best way to avoid falling victim to one of these scams is to findsomeone who actually trades the financial markets himself and who isprepared to teach you his methods. You’ll find that such a persondoesn’t trade currencies nearly as often as he trades such things asshares, bonds, indices and commodities. It’s not as glamorous astrading currencies exclusively, but it has the advantage of being fareasier to make good profits from.