It's coming up to the end of 2011, and there it is likely that there will have been thousands of people who were making an effort to earn decent returns from currency trading in the past year. However industry statistics suggest that the vast majority of these people will have failed to generate any profits. Therefore they will probably want to know how they can make money from currency trading in the year ahead.
If this is applicable to you, you need to think about how you can make money. So you therefore need to come up with at least one or two profitable strategies before 2012.
This is always a real challenge because it can take weeks, if not months to successfully find a profitable strategy. So you are probably best off finding a mentor, or a professional currency trader in other words, who can teach you some of their winning strategies. If they can leave you with just one winning strategy, you should make some decent returns in 2012.
If you cannot find anyone, then you may like to consider investing in a training product that will teach you a few currency trading strategies. For instance you could take a look at the Forex Profit Accelerator. This product includes 4 different trading methods that can be used on the end of day charts, and you will also get trade alert software that will tell you about all the latest set-ups.
The one major drawback is that this product, like many of it's rival products, is a few thousand dollars and therefore out of the reach of many people, particularly as there are other priorities at this time of the year. So consequently it may be an idea to search around for a more affordable product, or to visit some of the forums and persuade some forumites to tell you how they generate profits.
The point I want to emphasise is that you have to start taking action right away if you want to make money in 2012. Currency trading has always been difficult, and profits have to be earned the hard way.
If you are struggling to come up with a decent trading method, or you are unable to afford to buy any forex products, then all is not lost. You can sign up to an automated signals site such as Zulu Trade, for instance, and give profitable traders the chance to trade the currency markets for you.
This is a really popular website because you essentially just sign up to the site and then scan through all the different currency traders to find one or more that you believe can generate some decent returns for you. The trading signals that they generate are replicated in your forex broker account, so you are essentially running your own managed forex account, letting other traders produce consistent profits for you.
So these are just two ways you can generate profits from forex trading in 2012. The majority of forex traders will inevitably try and generate their own profits all by themselves, but a growing army of traders are starting to turn to automated forex signal providers to do this for them. So this could be an option for you in the coming year if you are still losing money from your trading.
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