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From the Desk of: James Thompson
Tuesday, October 09, 2007.
Subject: Ten Pips A Day

Dear Friend,

I'll let you in on a little secret, very few people believe it and even less will admit to it. Most FOREX traders Lose Money. Do you know why? Most traders trade based on their emotions! I know it's hard to believe but I've seen more than my fair share of traders that act on emotion and justify it using figures! You don't need to be a genius to know that that is the fastest way to your early bankruptcy.

My name is James Thompson and I've been a FOREX trader for the better half of my life. I started when I was quite young as did most people and naturally I fell into the same trap of buying or selling currencies based on my emotions then after that justifying it to my peers based on statistics. My trades were ill chosen and basically followed the crowd which again is a big no-no. The end result of this was that I was declared bankrupt 5 years ago. That threw the "ON" switch in my head, I knew why I failed, I did not have a proper system to follow and I was not disciplined in my trades.

Dont let emotion control your
trading it only leads to failure!

With this new found understanding I hit the books. I studied the basics of currencies all over again. I went to libraries, I talked to mathematicians, I even bought other e-books about FOREX trading. All of these sources provided hypothetical models of how currencies should move, however, none of them provided the hard and fast answer that I wanted.

The worst part was all the rest of the e-books. They sold absolute rubbish! Almost all of the "GURU's" were not even traders. They would even go so far as to say how much you could gain if you leverage this and you leverage that. I think that is purely irresponsible of them to sell the idea of leveraging to novice traders. The ONLY way these people make any money is by selling their overpriced e-books and CD's full of basic FOREX trading tips that you can learn from any trading book off the shelf. That's it. These people are CORPORATIONS. They are not there to help you. All they want to do in the end of the day is to make a sale; they have no "secrets" to offer or anything that is even worth a penny.

I don't know about you but buying e-books from irresponsible non-traders that have not spent a single minute of their lives trading does not sit easy with me. Honestly, do you think they will tell you anything useful? Don't buy into these SCAMS. You Have Been Warned!

Follow my easy to use ...

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