Currency trading is one of the best money-making trends in the world these days. It is here to stay and will most likely be even more attractive and marketable in the next decades. According to the data given by Brokernotes, one of the most recognizable trading publication websites on the web, there are 9.6 million people around the world that are joining the online trading bandwagon.
It means that for every 781 people you meet, there is one of them that’s actually doing some trading on a regular basis. Now, with online technologies becoming more advanced with each passing month, that figure could rise even higher in the next few years. People’s lives are changed because of the trading habits… it would be unwise of you to not join the fray.
In this post, let’s set our focus on the biggest trading market today: Forex.
Now let’s tackle another important question, “How much can you really earn with Forex trading?”
To have a rough but simple idea, let’s take a look at the success of this very popular Wall-Street guy named Marty Schwartz. He is dubbed as “The Pitbull,” and with good reason. Why? Because he has one of the highest levels of aggression when it comes to investing in Forex.
He is not only about plain attack though, because he is very methodical and smart with his decisions. He has an estimated income of 25% per month. So if he invested a million Dollars in a particular moment, it would mean that he will be twice as rich in the next 4 months.
You can be as rich as him… if you set your mind into believing that you can, and if you work on your trading skills and decisions. That can happen of course if you take the time to perform these 3 very important things: practice, practice, and practice.
Compared to other forms and methods of investments, Forex really pays a lot more. For instance, typical banks will just give you an increase of 2% per year. Mutual funds reward you higher, for it gives 10% per year. The same happens in the stock market. Even if all 3 forces get combined, they are still low compared to the 25% increase that Forex gives. Forex is the ultimate champion, so to speak.
But you may say, Mr. Schwartz might have been a rich guy already before he participated in Forex. He already got a big capital at his disposal already even before he got interested in currency exchange. While that might be true, you have to know that many people have been through a story that we can really call a “rags to riches tale.” Forex really is a life-changer, and it is for the following reasons:
It can make you obtain great amounts of money, in a very short time.
That’s how attractive Forex trading can really be. Some traders put in a certain amount say, 100 Dollars. By trading wisely and carefully, many of them are able to double that amount in just an hour, or even in a few minutes. Some who invested thousands of dollars are also able to triple that amount in also just a few hours. Needless to say, some of them became millionaires in just a matter of weeks.
It can give you huge returns of investment, with just very little effort.
When you engage in trading, all you will be doing is the act of staring at charts, picking up news about the market, make decisions and implement a set of trading actions. You wait for a while, and then your money increases in value, even though you were just sitting down, at the confines of your own home. Some people’s idea of getting rich means you have to invest in real physical capital and work in real workplaces. But as a Forex trader, you will achieve the same level of wealth even though the physical effort you're pouring out is just a minuscule one.
It is a safer, better version of gambling.
Truth to be told, Forex trading is every bit as similar to gambling in a casino. You place your bet and wait for how the dice may fall, or where the arrows may point to. It is a very addictive kind of activity.
But here’s the good thing about it, it’s not as harmful as gambling, and not as illegal as the most common forms of gambling are when they are placed in unregulated places. This is not to say that gambling is really a bad thing, it’s just that with Forex trading, you’re not only helping yourself, but you are also contributing to the profits that the global market can accumulate.
Upon reading the above statements, you’re getting very excited, and that’s very understandable. But here’s something that you should know: Forex trading really can in fact make you the richest person in the neighborhood, but before you reach that position, you need to undergo a series of self-education, risk-taking, and failure absorption – all of which are not easy sets of endeavors.
Forex trading is not as easy as it may appear to your ears, it is for this reason that writings of this kind exist because trading really can be difficult, but it can be made to appear easy if you have the initiative and bravery needed for such an endeavor.
To motivate you even further, let’s take a peek at the life of Daniel Martin. (His life story is prominently featured in Tradingnut.com) During his younger years, he was a Migrant in London. The bad thing about him during those times is that he can’t speak English, even in little doses.
Fast forward to the future, however, he has amassed some popularity within the field of Forex trading. While he is not to boast of his exact earnings, he has one been given with this cool tagline which is “Turning The 2020 Crash Into $222,000 Cash.”
That might not be as big as the amount that Mr. Schwartz is earning, but Mr. Martin’s story can make us say that plain, ordinary people like you and me can be greatly changed by Forex. It just goes to show that even without millions at our disposal, we can get a truly attainable set of earnings by just trading strategically.
Mr. Martin’s formula for success is declared by himself as 95% psychology, 4% capital, and 1% action. This means that what you need at the greatest measure is how you set your mind to doing what needs to be done.
I would definitely agree with the gambling 😅 hahaha but indeed its safer way ...