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Grey Trading - Seniors Swap Pensions For Forex Pips


Cambridge - November 3rd, 2010 -- There has been a significant rise over the last 18 months in senior citizens staking their own money on the forex markets in an effort to supplement their pensions, a survey has shown. People in their 60s, 70s and even 80s are being attracted by the work-from-home ethos and excellent financial opportunities available in the forex industry. The survey also found that some of these older traders were making more money now than they did in their previous careers.

“The figures don’t really surprise me at all”, commented Jacob Levitz, owner of, and the man who carried out the survey. “I speak to people every day who are getting started with forex. Years ago it was usually people who already had a lot of disposable income, who wanted to make a bit more. But lately there have been far more people who need to create a real income from it, either because of losing their job, or needing to supplement their earnings. And so long as you have a computer connection, any smart person can do this.”

Jacob has worked for years in the forex industry, trading himself for a long time, but more recently making the move into more of an educational role, helping people to better understand the industry and to equip themselves with the knowledge needed. “The fact is, most people who start trading forex lose all their money”, explained Jacob.

“They think it’s easy money. And actually, it can be, if you know what you’re doing. Educating yourself is 90% of the battle, and once you’ve got the knowledge, you’re all set.”

Trade Better Forex offers training for people of all ages and from all walks of life who want to begin making an income from forex trading. At present, visitors to the site are also able to access free video coaching to help them get started. More information can be found at


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