An open letter from Alan Posner, Founder & President of Sea Lion Capital Management LLC to all our customers:
Thanks for taking a moment and visiting the website. I am proud of the service I provide, and it's exciting to share my perspective on this business with you. Forex is a superb opportunity for anyone looking to invest or trade discretionary funds. Even individuals with small account sizes can trade the forex and try to make their money work for them. This opportunity has what put me in forex trading and has kept me there for many years.
Unfortunately, this industry is full of scam artists:
Signal providers promising triple digit monthly returns in getting quick rich schemes
Software than can trade your account “auto-magically” into triple digit monthly returns.
Brokers who act unethically with your trades and make withdrawals impossible and expensive.
I could go on for a while….
Here’s the good news. In the U.S., the CFTC has worked hard to clean up the brokerage business. The same is true in Europe, Japan, and Australia. There are now many brokers who will legitimately service their customers in forex. I don’t endorse any but with a little research, you can figure out who they are in your country.
Signal Providers are another story. Here is my message to you:
Have realistic expectations. If it sounds too good to be true, it is.
Select a signal provider who is audited by a 3rd party and has a track record. I use myfxbook.com. An independent auditor prevents any false performance claims.
Give it a try. Trading is hard. Spending a few dollars to watch someone else do it can be very educational and possibly financially rewarding.
What about paying a school that teaches trading? From what I can tell they don’t teach anything you can’t find online for free. There is no substitute for “on the job training”. Learn the basics (which I provide here in my Resources section), open a brokerage account (demo account is a good way to start) and start trading. Use our signals to learn from and try to make money.
The market is a good teacher and losses are your tuition. There is so much more to trading than just how to read a chart. Get involved, commit to improving, and with diligence, you will succeed. Signals can help.
Thank you for your attention and I look forward to serving you.
Founder & President
Sea Lion Capital Management LLC
P.S. Why name the company after a Sea Lion? Learn why here...