Forex trading is tough. It's definitely not for beginners. 95 percent of all new traders quit forex after a few months trading. This can be due to several factors such as huge lost of investment, discouragement from family members and forex broker scams. The 5 percent who ultimately stay and continue their forex education ultimately succeed and some will become forex mentors and gurus.
If you are new to forex, I sincerely suggest that you consider quitting. Forex trading is not for the weak. If you think that forex is all about buying low and selling high and a low-risk investment option, then I recommend that you consider your options. It is better for you to invest in gold and focus on your gold retirement then waste money tinkering with a niche that will lead you to more failures.
If you are up to the forex challenge and not afraid to lose, then I welcome you. You have the exact criteria to become the next forex master. Forex will make you rich but only if you have taken the time to study and hone your skills in the market. It takes big investment to make this whole forex thing work for you.
What do you need to do to make forex work for you?
1. Consider the risks involved before deciding to enter this field. You might need to deposit large amounts of money with a good forex broker. At the same time, you cannot totally rely on your forex broker as there are many instances where forex brokers are known to prey on their customers.
2. Consider learning under the wings of a forex mentor. I highly recommend this option. Some forex mentors charge up to $5000 for a day of consulting session but there are others that are much cheaper and provide the same quality as those that charge high fees.
3. Cultivate a strong mentality. Most forex traders who are successful are not the kind you would consider intelligent. A lot of them didn't even enter college but despite this handicap, they still manage to figure out how forex works.
Forex trading can make you rich beyond your wildest dream but the path to wealth is paved with a lot of pitfalls and challenges. In the forex world, only the strong survive.
If you are new to forex, I sincerely suggest that you consider quitting. Forex trading is not for the weak. If you think that forex is all about buying low and selling high and a low-risk investment option, then I recommend that you consider your options. It is better for you to invest in gold and focus on your gold retirement then waste money tinkering with a niche that will lead you to more failures.
If you are up to the forex challenge and not afraid to lose, then I welcome you. You have the exact criteria to become the next forex master. Forex will make you rich but only if you have taken the time to study and hone your skills in the market. It takes big investment to make this whole forex thing work for you.
What do you need to do to make forex work for you?
1. Consider the risks involved before deciding to enter this field. You might need to deposit large amounts of money with a good forex broker. At the same time, you cannot totally rely on your forex broker as there are many instances where forex brokers are known to prey on their customers.
2. Consider learning under the wings of a forex mentor. I highly recommend this option. Some forex mentors charge up to $5000 for a day of consulting session but there are others that are much cheaper and provide the same quality as those that charge high fees.
3. Cultivate a strong mentality. Most forex traders who are successful are not the kind you would consider intelligent. A lot of them didn't even enter college but despite this handicap, they still manage to figure out how forex works.
Forex trading can make you rich beyond your wildest dream but the path to wealth is paved with a lot of pitfalls and challenges. In the forex world, only the strong survive.
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A Simple Plan to Develop Your Forex Trading Skills to the Next Level
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