You have heard your friends and colleagues speaking about the Forex market and thought you might give it a try yourself. Wait just a second there; to you really think you have what it takes to enter one of the most competitive markets in the world and come out a winner. This place can make you feel like the smartest person in the world one minute and an hour later you come to the conclusion you don't have a brain at all. This is not an easy mountain to attempt to climb and overcome, only a very few succeed. It is therefore a fully suggest that gardening is a better activity for you to undertake. It has far fewer risk and you feel so rewarded when one of you little flowers blossom.
But, if gardening is not your thing and you are fully sure you want to go ahead with the fool hearty idea of yours, I will tell you how I started with nothing and turned it into millions. This approach is only for those people that know "for gain there has to be pain." It is for people that are determined to succeed and become wealthy. Only individuals with a never quit attitude can accomplish this. That's what I thought, it is not you, so just click off this article NOW and do a search with Google for gardening.
Are you still here, why, want to make huge money? The first thing you have to do then is know what you're doing and begin to learn Forex trading. Entering the markets without an exceptional education is a receipt for disaster. Don't believe me, then go to one of those sites that sell automated robots for a hundred dollars that are going to make you rich and find out. After you lose your bankroll find this article again and follow it to detail and you will have a decent chance at success. To learn currency trading sign up for one of the top courses that are taught online. This will give you a basic idea of what your doing, not enough to make money with, but at least you won't feel like an idiot.
If you are still reading, finding Google and gardening is still an option. Next thing you need to do is buy two pieces of commercial available software. The software you need to purchase are one based on a trend system and one based on a signal system. I know what you want to do next, but do NOT do it. This is not the time to start trading. We are still in the learning period. You now need to first learn how to use the software, next you need to learn how to make money with it. Open yourself a demo account at a brokerage firm and start with play money. Use the trend system to identify a currency moving in a predictable direction and program you signal software to send you any data pertaining to that particular currency. Now you are finally starting to get on the right path. Sorry to say though your two biggest obstacles are still in front of you. The next step is to learn how to use your margins and stop losses to your benefit instead of you deficient.
If you are able to do all the above and make money consistently in the demo account for a months period of time, then and only then is it time to make the next step to a real money account. I told it was not going to be easy, it is not going to be cheap and it is not going to be done in a short time frame. Only the tough make it here and the rest should have never entered in the first place. The Forex markets aren't for wimps and weaklings, only the determined, dedicated and intelligent succeed here. I think that maybe the Google option and gardening is a much better bet for your future.
We have researched, tested & reviewed 100s of Forex Courses, Software Systems and Brokerage Firms which we only list our TOP 10 to help you LEARN FOREX TRADING. For 100s of FREE FOREX TUTORIALS please visit LEARN CURRENCY TRADING. Good Luck! I look forward to seeing you on the trading floor making money! William R. Alheim, Jr., CPA, MA |
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