As Im sure you already know, Forex currency trading is one of the most volatile occupations in the world.
Its extremely important, especially starting out, that you follow 3 key rules (described below). Otherwise you risk losing HUGE amounts of money.
Many people think that Forex trading is some sort of holy grail for easy money. Like, you can just sign up for the Forex program, make a few super profitable trades, and BAM! Double your money! I mean, hey, thats how it works, right? Thats what everybody says, right?
Well, my poor misled friend, Ive got news for you. Forex trading is a business, not a get rich quick scheme.
Does that mean you cant make money with it?
No. Not at all. You can make loads of money with it, but it takes time, and it takes a few losses first.
Even I, the smartest Forex trader ever, did a lot of things wrong in the beginning, but I knew that in the long run I would be profitable. I just had to learn how first.
Here are the 3 rules I followed in the beginning that helped me be profitable:
#1. I Set a Budget
Whether youre in retirement trying to make a few extra bucks, or your working a full time job and working towards financial freedom, you should ALWAYS set a budget for your first currency trading ventures. Failure to do so is one of the easiest ways to lose a lot of money really fast.
I know you think that you know everything right now, but you dont. In just one month, I can promise you that youll look back at yourself now and laugh at what you think you know. Learning is a process! No matter how hard you try, youre still going to learn more. Theres no way to know it all.
So in the beginning, take it slow. As you see results you can scale up, but for now, take it easy. Therell be plenty of time to make money later.
#2. I Had Realistic Expectations
While just about every Forex trade bot in existence claims 100%, 200% or sometimes even higher returns on your money, very few have any proof to back it up. I only know of a few Forex robots that can actually reliably give results, but Ill talk more about that later.
The fact of the matter is that you shouldnt expect to quadruple your money every week. Ive averaged about 25% growth rate on my deposits over the past couple years, and Im more than happy with that.
#3. I Had Support
I was working a full time job while trying to make Forex trading work for me, and Im gonna be honest, it took me awhile to get going. Sometimes I made money, sometimes I didnt, but no matter what I had the support of my wife. And you can bet shes happy now that I dont work that full time job.
I dont know if I wouldve made it through those tough times without my wife, and even though I know that not everyone is as fortunate as I am in that regard, its very important that you have a friend or someone wholl listen when you complain about Forex trading. Even though it might be really boring to listen to.
Now, Ill be honest with you, like many people in the beginning I spent quite a bit of time and money on Forex trading robots. I got roped into more scams than I care to admit, but in the end Im glad I did.
Why? Because in the end I found a system that worked for me.
If youre tired of being ripped off, then Im guessing that you just want to find a FOOL PROOF system thats proven to make money over the long run. If this is you, then click below to learn a step by step system from a full time professional trader (And its free!):
Heres How You Will Make Your First $1,000 in Forex – Free Forex Mastery Course
If you make it through that free report, I can promise that youll be much closer to making a HUGE amount of money from Forex.
Well, thanks for reading!
And good luck trading!
P.S. – I know a lot of you are looking for a Proven-To-Be-Profitable Automated Forex Trader ( Make Money With Free Account ), so I wanted to show you what I found for you…Just click the link to claim your account!
Its extremely important, especially starting out, that you follow 3 key rules (described below). Otherwise you risk losing HUGE amounts of money.
Many people think that Forex trading is some sort of holy grail for easy money. Like, you can just sign up for the Forex program, make a few super profitable trades, and BAM! Double your money! I mean, hey, thats how it works, right? Thats what everybody says, right?
Well, my poor misled friend, Ive got news for you. Forex trading is a business, not a get rich quick scheme.
Does that mean you cant make money with it?
No. Not at all. You can make loads of money with it, but it takes time, and it takes a few losses first.
Even I, the smartest Forex trader ever, did a lot of things wrong in the beginning, but I knew that in the long run I would be profitable. I just had to learn how first.
Here are the 3 rules I followed in the beginning that helped me be profitable:
#1. I Set a Budget
Whether youre in retirement trying to make a few extra bucks, or your working a full time job and working towards financial freedom, you should ALWAYS set a budget for your first currency trading ventures. Failure to do so is one of the easiest ways to lose a lot of money really fast.
I know you think that you know everything right now, but you dont. In just one month, I can promise you that youll look back at yourself now and laugh at what you think you know. Learning is a process! No matter how hard you try, youre still going to learn more. Theres no way to know it all.
So in the beginning, take it slow. As you see results you can scale up, but for now, take it easy. Therell be plenty of time to make money later.
#2. I Had Realistic Expectations
While just about every Forex trade bot in existence claims 100%, 200% or sometimes even higher returns on your money, very few have any proof to back it up. I only know of a few Forex robots that can actually reliably give results, but Ill talk more about that later.
The fact of the matter is that you shouldnt expect to quadruple your money every week. Ive averaged about 25% growth rate on my deposits over the past couple years, and Im more than happy with that.
#3. I Had Support
I was working a full time job while trying to make Forex trading work for me, and Im gonna be honest, it took me awhile to get going. Sometimes I made money, sometimes I didnt, but no matter what I had the support of my wife. And you can bet shes happy now that I dont work that full time job.
I dont know if I wouldve made it through those tough times without my wife, and even though I know that not everyone is as fortunate as I am in that regard, its very important that you have a friend or someone wholl listen when you complain about Forex trading. Even though it might be really boring to listen to.
Now, Ill be honest with you, like many people in the beginning I spent quite a bit of time and money on Forex trading robots. I got roped into more scams than I care to admit, but in the end Im glad I did.
Why? Because in the end I found a system that worked for me.
If youre tired of being ripped off, then Im guessing that you just want to find a FOOL PROOF system thats proven to make money over the long run. If this is you, then click below to learn a step by step system from a full time professional trader (And its free!):
Heres How You Will Make Your First $1,000 in Forex – Free Forex Mastery Course
If you make it through that free report, I can promise that youll be much closer to making a HUGE amount of money from Forex.
Well, thanks for reading!
And good luck trading!
P.S. – I know a lot of you are looking for a Proven-To-Be-Profitable Automated Forex Trader ( Make Money With Free Account ), so I wanted to show you what I found for you…Just click the link to claim your account!
