Launch Aims To Help Retirees Avoid Losing Money When They Trade Forex

Immediate Release

Perth, Australia – 5th August 2021- Forex4Retirees is pleased to announce the launch of its new website, www.forex4retirees.com which is specifically aimed at helping retirees to navigate the intricacies and dangers involved in foreign exchange (Forex) trading.

In these uncertain times, an increasing number of retirees are searching for ways to make extra money in their retirement and are turning to potential income sources, such as Forex trading, to do so.

Retirement may be great for high earning Baby Boomer retirees who have put together big investments to see them through their retirement.  But what about those retirees who have not had high earning careers or have not built up significant retirement nest eggs? 

Those retirees can find themselves retiring without enough money to maintain their current lifestyle, or, worse still, ending up in retirement poverty.  Studies, such as that conducted by the Schwartz Center for Economic Policy Analysis, reveal that a significant percentage of retiring Baby Boomers are destined to find themselves downwardly mobile as they grow older and retire.

This is why more and more retirees are looking for ways to earn additional income to support themselves in their retirement. One way for retirees to do this is by learning how to trade the Forex market. 

The huge Forex industry aggressively markets Forex trading as a great way for anybody to make money, often assuring traders that only limited capital and minimal effort is required to become wealthy.  As a result of this marketing, an increasing number of retirees are now being lured into trading Forex. 

What many retirees do not understand is that the Forex market is not a centralized market, like the stock market.  The Forex market is what is known as an Over the Counter market (OTC). OTC markets are unregulated and prices are negotiated between traders for each individual transaction, which means the market is subject to manipulation.   

Regulations, which retirees take as a matter of course in the stock market, simply do not exist in Forex trading, because it is an OTC market.   Forex is one of the largest markets in the world and not only is it a difficult market to trade but it, also, attracts many financial scammers and predators.  There is, therefore, a greater potential for financial abuse and scams in the Forex market than with most other markets.  This can result in serious financial risks for retirees who are thinking about trading Forex.

Unfortunately, the desire or need to make extra money in retirement makes retirees vulnerable to scammers and fraudsters.  Studies show that older adults seem to be, particularly, susceptible to financial abuse and scams.  Even if they are not scammed, the reality is that up to 90% of all retiree traders are likely to lose most, if not all, of their hard earned investment capital within 6 months of starting trading Forex.

“We created www.forex4retirees.com to guide retirees through the intricacies of trading Forex and to educate them about the Forex market, the risks and rewards of trading Forex and to teach retirees what it takes to become a successful Forex trader.

We want to show retirees how to avoid losing their hard earned capital due to poor trading strategies or scams associated with the Forex market.

Trading is not for everyone.  However, we do believe that retirees can, with the right training, discipline and mind set, learn how to successfully trade the Forex market in their retirement. 

The caveat is that not everyone is cut out to be a trader.  Novice traders need to find out early in their trading career whether or not they have the temperament for trading before they lose substantial amounts of money to the market,” said Shane Henderson, Forex4Retirees’ founder.

ENDS