FOREX TRADING: a job or an investment.
The much amplified voice in favor of the FOREX market over the last 3years has diverted a large volume of the public into the market from other investment portfolio. However the fact remains that there more people trading FOREX and not making anything out it or even loosing the little they have put there. FOREX is a much secured market where you don’t have any reason to entertain fear but it is very technical it is very easy to make and loose money. I see a lot of people trading FOREX but it is not evident on them because they are still crawling in the business because they don’t have enough money to set a good start up. Some even have the money but they don’t have time to go through the stress of the technical and fundamental analysis as consistent as it should be. A good and profitable FOREX trader should have the following materials:
1. A personal Computer connected to the internet
2. A domiciliary account
3. A minimum of 4weeks demo trading (depending on how consistent you trade and your performance)
4. A minimum of $1000 you can loose
Hey I don't mean you cannot trade at all if you don't have these qualifications. What I mean is that your financial success might just be crawling in FOREX, taking 5steps forward and 3 steps backward. Another thing about FOREX trading is that it demands your time if you really want to make something out of it.
So the question comes
Is FOREX Trading a Job or an investment? If I am really ready to make it Big in FOREX, do I really have the time to go through the training, practicing and the actually trading itself?
The hard truth about this money pool that a lot of people have failed to accept is that not every body can be in the pool but those that cannot swim in the pool to catch the fish can send a good swimmer to the pool and catch the fish for them while they share the proceeds. What that means is that not every body can be a FOREX trader. If you really want to catch the big fish in FOREX, you must take it as a Job, just like a banker goes to work. You need time to study those big charts and indicators and you must be kept abreast of every information about the world economy because that is what you are dealing with.
Therefore some people must trade FOREX and some people will invest. Some people have the minimum of $1000 to loose (remember never invest more than you can loose into any investment) while some people have the time and dedication for the trade.
I guess you are beginning to discover why you have probably been trading FOREX for so long and seem not to be moving. Just imagine that you are a building contractor and you are also trading stocks on the floor of the Nigerian stock exchange, how possible is that? But what we all do is give some people our money and they take their time on the floor to trade for us. That is the same way FOREX trading should be done, if you are a trader, be a full time trader, if not, be an investor.
My crew (bizforce crew) contains a FOREX trading fund management team with over 3years experience of consistent and cognate and reputable profile of success. We enter the pool and catch the fish for you. Allow us to give the time and brain you give the money.
Go to www.geocities.com/bizforceng click on the service link.
The conclusion is this “no your place in ForexTrading, is it your Job or your Investment?"
