The Reasons We Should Trade Forex or Invest in the Forex Market
Everybody likes to work less and make more. In fact there are thousands or millions of people who look for another source of income everyday. Why?
• Their income is not enough.
• They don’t like their jobs.
• They spend so many hours everyday driving from home to work and visa versa.
• They have problems with their colleagues and mana
gers.
• Their job is stressful or boring.
• There are lots of competition and they have to spend so much money in advertising and finding new clients or customers.
• Their job is not secure enough and so they are always worried about losing their jobs. You are right if you are also worried about your income and your future, because I am sure you have noticed that unemployment is near an all-time high and everyday a lot of people lose their jobs and get laid off around you. Millions have lost their homes due to foreclosure; Inflation is on the horizon; food and gas prices are rising steadily; so many financial institutions have failed and… . Have you felt the effect of downward spiraling economy on everything? Do you think you should do something to keep yourself at the safe side? Have you noticed that the rich are getting richer and the poor are getting poorer and if you don’t do something as soon as possible, you may be in trouble in near future? You agree that you should do something. There are so many ways to generate a new source of income and be ahead of the others, but the problem is that many of these ways can not be followed easily and economy can easily affect them too. To run a business, you have to spend so much time and money and the bad news is that over 90% of the new businesses fail and for many people, a business failure means deep financial problems. Sometimes you have to take a big risk and you do it while you can not afford the possible losses, but you do it because you have to and you have no other option or choice. While you keep on trying and losing, some others become richer using your money. You work hard and save some money in your savings account for the rainy day, just because you don’t know what to do with your money or how to make money using your money. After losing so much money, you just prefer to save your money and be happy with the very small profit that the banks pay you. You give it to the bankers and they return some interest. You are happy that your capital will remain intact and you will earn some interest too, but you don’t know how the bankers use your money to generate vast amount of wealth. The money you deposit in your savings account is used to generate millions of dollars for bankers? This is how the rich (the banks) become richer and the poor remain poor or become poorer. If you invest $1000 in a savings account that yields 3% annually, you will have $1,030 at the end of the year. But what if the bank uses only 1% of your balance to make loans with interest and also invest in stocks, commodities and currency with a goal of making only 0.5% per day? With gains of only 0.5% per day using your money, the bankers are able to finish the year with a balance of $34.79 while you made $30 of your initial investment. The bankers made $4.79 more than you. Not too impressive, right? But lets see what the bank will make off of your initial investment after 5 years. If you were to invest $1000 into a savings account that yielded 3% annually, you would have $1159.27 at the end of 5 years, but with 1250 days (5 years) of market activity and gains of only 0.5% per day, using your money, the bankers are able to finish the 5th year with the balance of $5,100.08!!! Your gain after 5 years: $159.27
The bankers gain after 5 years: $5,090.08
All you may do at the end is that you withdraw your money and spend it somewhere in your life. $159.27 after 5 years doesn’t make you richer nor it can make any difference in your life. But You have done a big favor for the bankers, while you could do it for yourself. Sounds unbelievable, doesn’t it? But the numbers don’t lie. But you can easily do the same with your money and make even more than the bankers. Let me tell you how. In one of the articles, A Forex Trading Plan, I showed you how you could make about $53,000 per month after two years of trading with an initial balance of $1000 only and making 25% profit per months. Some people said that 25% profit per month is unachievable, but our analysis and studies showed how Market Analysis subscribers made +41% profit, by risking only 3% in each trade. What if they had risked 6% of their accounts? They would have made over +82% profit in two months. Risking 6% in each trade is still acceptable and reasonable from the professional forex traders’ point of view. But if you also think that making a profit of 25% per month is not possible, I tell you how you can still make more than the bankers being happy with a 10% profit per month. If you open a $1000 account and make only 10% profit per month,
