Forex is a wide high-speed freeway to financial disaster IF you don’t know how to survive.
Simple? No! Easy? Never! Quick? No way!
Man, can anyone really make money in Forex then?Yes!
How?
The quality of learning you put in will determine the quality of trading you pull out of Forex.
You can trick yourself, but you can’t trick the market.
Is learning how to trade Forex difficult?
Yes.
Too difficult?
No.
It is challenging in a good way. Many even get addicted. But the ultimate goal to find financial freedom and stability trading Forex drives everyone from beginner to advanced trader with ever growing inspiration. I’m a bit mad about Forex too :) Otherwise why would I keep a website about it :)
What is the quickest way to earn money in Forex for a newbie?
Have a friend who already earns money in Forex share his trading system with you.
What is the other quickest option?
Buy a system that works. Keywords here “That Works”.
Where can I get such system?
I don’t know.
Why would anyone sell a system that really works?
Because it doesn’t work for them.
Because it doesn’t make enough money.
Because it is unreliable in the long run.
I don’t believe you! I saw many systems for sale. How can I tell which one is good?
Usually the more money sellers ask, the better they feel about it.
In most cases you won’t get a chance to demo trade a system before buying, so you should rely on your senses, ask other fellow traders and learn who a seller himself is.
Grrrr… So what should I do? I want to trade Forex!
And I want to build a house on the moon.
While my wish is not possible (at least nowadays), yours is very much so!
Trade it, but first learn how to trade it.
Where can I learn?
Start from free online resources or I teach You in next Part.
They stink! Well, majority of them is of a poor quality!
You bet. That’s a tendency nowadays.
Bad webmasters and bad traders create lots of poor quality, spam-like sites…
Some, as well, like to steal information from other reputable websites.
Aaaaaa… I’m helpless!
I hope it’s a joke.
Ok. I’m not. So, you tell me to go online and read about Forex?
Yes, bit by bit you’ll be more educated. Sooner that you think, you’ll be able tell good Forex online resources from bad ones.
Anything else I should do in the first place?
Open a demo account with any Forex broker.
But I don’t know anything about trading yet!
And you won’t know until you launch a trading platform and look at Forex charts and start exploring on your own.
Believe me, it is fun, you’ll be given demo money, which you can try to trade immediately. You can’t lose anything by trading demo!
Good luck my dear friend!
Let success be always with you!
Wa-a-a-a-it, I have so many questions left!
Oh, you’ll have even more once you step on a Forex discovery path.
Pleeeease, one more question
You have a beautiful smile, well, go ahead, one more…
Any warnings about Forex I should know?
Glad you used your chance to ask a good question.
Forex marketing industry is tough.
Once you go online, you’ll be bombarded with various “cool” and irresistible offers to buy Forex products that will “
change your trading forever” and encouragements (even phone calls) from Forex brokers and their representatives to open live trading accounts.
While you’re a complete noob make sure you:
Don’t buy anything, unless you’re rich.
Don’t open live accounts, unless you like seeing your money go.
Now you can’t leave without answering why… right?
Hmm… a trap…
Demand creates supply: as lots of noobs come to Forex searching for answers how to trade successfully, those who’ve been there for a while are happy to sell a “solution”.
The problem is: not all of course, but majority of Forex products have nothing valuable in them and teach you the same basic stuff you can easily access online for free.
But until you know more about Forex, you can’t tell a worthless product from a good one. So, don’t buy anything: books, signals, courses, systems etc while you are a newbie.
The same is about live trading. You are doomed to lose if you know little about trading and risk management. Thus, don’t put real money in Forex while you’re a beginner.
But if you like extreme feelings, and want to try it anyway
Don’t pay much while you learn.Learn on your own, trade demo for some time – you must cover basics on your own.
Later, leaving a beginner’s pool, you’ll be able to choose what fits your needs and budget.
Once again, good luck!
I’m sure you’ll have a good time!
** Internet Money Lord **
