If you want to get rich trading Forex, you may want to read this…

It’s almost akin to gambling.

Mark Wilkes, Head of Risk Trading at Purple Group

If there was a program available I wouldn’t sell it to you!

Mark Wilkes, Head of Risk Trading at Purple Group

Getting it right the first time could be one of the worst things that can happen!

Mark Wilkes, Head of Risk Trading at Purple Group

The Money Show’s Bruce Whitfield interviewed Mark Wilkes, Head of Risk Trading at Purple Group.

Wilkes discussed the following five reasons to be cautious of forex trading:

  • Inherent volatility.

  • There are always two currencies involved – complex relativity.

  • Susceptible to news headlines and fast reaction.

  • There is no such thing as a successful algorithmic program.

  • I don’t trade in currencies, I trade in everything.

Listen to the audio below for more detail on each of these five points.

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Article brought to us by Old Mutual.


This article first appeared on CapeTalk : If you want to get rich trading Forex, you may want to read this…


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