“How do I become a good Forex trader?”
“Is trading Forex a legit way to earn a steady income?”
“What is Forex?”
“Why do you trade Forex?”
If we had a dollar for every time someone asked us one of these questions, we’d be the next Warren Buffet.
We’re still waiting for the payout, but in the meantime, we decided to share the top 13 reasons trading the Forex totally rocks!
1. Work from home
Gone are the days of wearing a stiff button up every single day. Place a trade from your couch, in your pajamas? Sounds like a win-win to us. ThinkForex The Smart Way To Trade Forex
2. Answer to no one
Remember faking a laugh when your boss told the same terrible joke he’s been rehearsing for the past 5 years? As a successful trader, you are your own boss and the only things you’ll be laughing at are your P/L statements on your way to the bank.
3. Say bye-bye to bedtimes
Waking up at 3:00 am to trade the London Session doesn’t sound so bad when you can sleep in for the rest of the day.
4. Increase income with little overhead
Feeling stuck at the office? Trapped by your hourly paycheck? The great thing about trading is you can start small ($700 for a mini lot) and grow that success out to hundreds of thousands of dollars on YOUR OWN TIME. Giving you plenty of reason to bust out some moves.
5. Never get bored
Market conditions are always changing and there are tons of currency pairs to trade, so when you’re stuck in a trading rut, you can always switch things up. T
6. Boost accountability
When you’re your own boss, you have to answer to yourself. That means you learn from your mistakes quick, or lose your hard earned money time and time again.
7. Learn how to take reasonable risks
There is no reward without risk. Sounds cheesy but it’s true. As a professional trader, you have to face risk daily, (in a thought-out and logical manner) and learn to not let it paralyze you in order to succeed.
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8. Make money when times are tough
The best thing about financial markets is you can take advantage of them when the economy is bad. This holds especially true for Forex traders who could really rake in the cash by selling market crashes.
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9. Free up time for the important things
Forget about planning your year around your vacation time — the Forex market is open 24 hours a day, so when life throws you a crazy surprise, or you want to snag that Groupon deal to Thailand, you can manipulate your schedule to accommodate it.
10. You sound pretty freaking awesome at parties
Start talking about the SPY, NASDAQ and bullish/bearish trends, and we guarantee you’ll be a superstar at your next social gathering.
11. Show up on-time to more events
You can’t just lay around the house all day watching Seinfeld and then expect to place a call and make a lot of money. To bag major profits, you’ve got to show up on time and be ready to go.
Do this enough and you’ll start to realize this practice creeps into other aspects of your life. Score!
12. Take charge of your success
Because you are your own boss, you decide how much time and effort you put into your trading education. Most traders we know invest a lot of time into themselves and their success rate shows. Take a look for yourself and register and practice your strategies on a demo Account. Indices LP
13. Boost your confidence
Sometimes we have to trade aggressively to get what we want. Stepping out of your trading comfort zone will do wonders for your confidence and could really fatten up your wallet. So you can ball out, with your calls out.
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Article Source: Market Traders Institute