If you’ve been sitting on the sidelines watching the recent volatility, wondering if now is a good time to start your forex trading, the answer is that the time has never been better! Volatility and movement are necessary to successful Forex traders.
Let me ask you this; In times of job cuts, government austerity measures and all-around global economic uncertainties how would you rather be earning your living? Let’s look at a few examples…
1. Working for a large corporation wondering if your job is the next one to go. There is no such thing as job security anymore.
2. Investing in the stock market funds as a “buy and hold” investor. Look how that’s turned out over the last few years. Honestly is anyone still selling that strategy as a way to make a living? It is possible of course to succeed with this strategy over the very long term, but that doesn’t put bread on the table today does it?
3. Starting your own conventional business, or perhaps already owning one. You’re wondering where the next order is coming from or when your bills will be paid. Your overhead includes staff, rent, raw materials, insurance, legal fees and much more before a profit can be made.
4. Working as a Forex trader. This is a business with a difference. Imagine being in a business with no staff, no overhead, no storefront, no commuting, no office politics and very little government regulation.
I hope you chose point 4.
To succeed in this business you need a sound methodology, common sense, discipline and a rock-solid understanding that if you do not treat this as a business, you have little chance of long-term success. More than 85 percent of new businesses fail even when the owners know what they are doing. Do you really think the Forex business is going to work for you after three months of practice?
Volatility can be good for forex trading provided you have good money management. Don’t be afraid of it.
Yes it is a good time to start your forex trading business. But start properly – get good education! I can provide that for you. Click the link below.