Forex and Stock Market - Find the Difference

There are trading systems that allow anyone to become a millionaire quickly.

Let's consider these opinions more closely. I couldn't find any reliable statistical data about participants in Forex and stock market that would have the following parameters.

1. The number of traders who start trading. Percentage of traders who continue to trade after one, two and tree years. How successful their trading is.
2. Relationship between beginning balance of their account and ending balance.
3. Relationship between method of trading and success rate.

There is no reliable statistics on these parameters. Only opinions and estimated guesses. The reason for the absence of such statistical data is understandable. It's a commercial secret. Nevertheless I can confidently say that there is no dramatic difference between trading Forex and trading stocks. There is no difference in opportunities to earn money as well to lose money in those markets. There is no or very little difference between them because in financial market you trade risks and probabilities not currencies, stocks and futures. The difference can be only in the rules of game, methods of execution of transactions, and liquidity of the market.

Now let's talk about magical trading systems that allow you quickly and safely become a millionaire. They may say the system is a work of genius and sell it to your for some amount of money. Do you believe in it? It's true that you can't work in market without a system. Therefore any system has a right to exist. I don't believe in magical systems or universal machine that will make you money while you sleep.

You can make money with any system if they are based on mathematics, psychology and discipline. It's not important what the system uses. It can use good old indicators like RSI or MACD. Or they may be built on some new indicators. You even can base your trading system on the number of blond women you meet on your way to office. But if you don't have a discipline to implement it consistently no system will help you.

[ForexGen Live Accounts Contest]

Trade, Compete, and Win - Begins the 1st of Every Month!
ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest

this is a live trading [competition] open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.

What makes this contest unique?

All prizes are CASH prizes with no restrictions on withdrawing the prize money! How Do I Enter?
You don't have to pay any fee to enter this contest, all [ForexGen] mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com

For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com