The Internet is full of stories of successful traders who chose Forex trading as their own business. These stories attract beginners due to the apparent simplicity of making money in the market, fast and high profitability. But after a few months, most of the newcomers leave the market without making a profit. Many even work at a loss, adding to the army of “whistleblowers” of the Forex trading system.
The first, those who have achieved success, are patient, purposeful, ready to work on themselves and learn from their mistakes. The second category consists of those who want to make quick money with a minimum of effort. It is impossible to get quick money without doing anything, even in such an area as trading on the Forex currency market.
Trader is in simple words
To start working as a trader, you do not need premises, office equipment, consumables, or employees. If you have a computer and an Internet connection, you can start trying yourself in the market as a trader. The software is completely free and distributed by brokers or dealing centers. Funds may only be needed for start-up capital, but you are also allowed to work with borrowed amounts.
The only thing without which a successful Forex business is impossible is the desire to learn, fight and win. Only the desire for knowledge, constant self-improvement, skills and intuition can turn a thousand rubles into a hundred thousand, and hundreds into millions. A novice trader needs to choose an effective strategy, develop his own rules, and understand the trading style. This is the only way to avoid risks, receive stable profits and form your own capital.
Another advantage of working on Forex is an equal opportunity for successful work for absolutely everyone. No one needs to prove their professionalism, abilities and prospects. There is no need to provide diplomas, recommendations, resumes, or letters of gratitude. To get a good job in the Forex market, you don’t need acquaintances and connections. Only those who are truly talented, smart and promising achieve success.
Even solid capital is not necessary; margin trading can be done even with borrowed funds at the initial stage. Dealing centers and brokers offer their own funds to beginners who do not have sufficient capital. A trader has the right to independently choose which market he is more comfortable in – short-term within a day, or long-term. The time to enter and exit a transaction is also determined by the market participant independently. It is important to develop your own strategy, find a comfortable way of trading, and decide on the funds to use.
If we consider trading on the Forex market as a business, it will have a number of clear advantages. The only employee in such a business is the trader himself. There is no need to check the employee, endure financial costs, or make allowances for the human factor and circumstances. The lack of contact with counterparties can also be attributed to the advantages of Forex trading – there are no complaints, returns, demands for funds or delays in payment.
All failures in trading form invaluable experience, and victories do not need to be shared with anyone.
The Forex currency market is the only place where you can honestly and cost-free earn large amounts of money using only mental work, intuition and analytical abilities.