In most of our lives, we are exchanging our services for money. We spend 40 to 60 hours a week at a job or on a business to earn cash to live on. Becoming a full time Foreign Exchange Trader may be a more profitable and fun way for you to make a living.
If you are just beginning to look at the foreign exchange as a way to earn an income there are a 20 facts you need to know.
1) It's possible to make more money in a day than you do in a month at your job
2) Learning how to do manual trading takes time and lots of practice
3) There's lots of old, outdated information on the web about Foreign exchange trading
4) You can set up a trading account by depositing only $250 US
5) Mini lots should always be traded when you are just starting out
6) Having a strong understanding of the basics is very important
7) You must use a high speed internet connection when trading
8) Money management is key to your longevity as a trader
9) Stop losses should always be used on every trade
10) Many of the courses available are a complete waste of money and time
11) Keeping your trading as simple as possible is extremely important
12) This market is the largest, most liquid in the world
13) Manual trading using charting techniques is very difficult to master
14) Foreign Exchange traders can trade 24 hours a day/ 6 days a week
15) You only need a PC, software, broker account, and an internet connection to make money
16) It's has the unofficial name of being the perfect home based business
17) People have become very rich in a short period of time
18) Not having the right trading methods can cause you to lose lots of money
19) Knowing when to sell is as important as knowing when to buy
20) The average person can master Foreign Exchange trading
Learning to become a Foreign Exchange trader is very possible for most people. If you want a life with more freedom, reward, and income, you should decide to make this your new profession.
