Blog Marco

My dad was listening to the radio this morning - 2UE. For those who don't listen to radio, 2UE is an AM band talkback radio station. Target listeners are baby boomers. One advertisement on the radio was to visit LearnToTrade.com.au. My Dad told me to go visit the website. Later this afternoon I was listening to "The Edge" 96.1. I heard the advert, not once, not twice but about four times an hour for the rest of the afternoon. They said something about learning how to trade the currency markets. Well... think about the target market for this: 96.1fm is a radio station primarily listened to "Westies" (as the broadcast signal is weak further into the city) and age group around teenage to late twenties. I know what trading the "currency markets" means... it is a SUPER - high risk venture. Forex trading as it is otherwise called - or Foreign Exchange Trading is a venture not to be taken lightly. You can virtually lose your hat in seconds. And of course you can make A LOT OF MONEY in seconds to. HIGH RISK HIGH RETURN is the name of the game.

Anyway, I did a bit of digging. What dealer/entity was responsible for LearnToTrade.com.au? I found it to be Halifax Investment Services. I've been trading for more than two years now and i've never heard of them. They're certainly not one of the big players on the market. I was first introduced to forex trading by easy-forex. They did a good job in teaching me how to use their platform. Anyways, the reason why I was interested in who was responsible for the ads is because it was almost certain that it was a broker behind the promotion. These forex dealers/brokers charge no commission. Actually, their commission is built into the trade - the spread between the currencies. they make money when you make money or when you lose money. If you do signup to LearnToTrade (Learn to Trade), make sure you learn how to trade technical indicators and learn risk management. Good Luck!

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