Anyone who's been in the Forex market for a while will tell you that more than 90% of traders never actually make any money , much less consistent, job-replacing money.
Nope, in fact, most of the money in the Forex industry is made through affiliate programs and the like … People drive new traders to brokers for a commission, meaning generally only the affiliates and the brokers are making money.
Now, I should correct myself … There is the small percentage of people who DO successfully make money day trading Forex. In fact, there are some people who make enough money for a full time income. However, those people are few and far between.
The reason so many folks fail when it comes to Forex is because almost nobody never actually take the time to LEARN about currency trading. Most people just get enticed by a well crafted sales page or the promise of easy money.
Do you want to be 'Most People'?
Or do you want to be one of the few who gets filthy stinkin 'rich trading currencies. Well, you probably will not be quite "filthy stinkin 'rich" right away, but we'll get there!
3 Ways to Guarantee Profit on Your Forex Investment
Most people who write articles and sell products about the Forex industry have never actually done any trading themselves … So why should you trust them with your money?
Well, you should not. Plain and simple.
Below you'll find 3 time tested ways that the REAL professionals use to make sure that they always make at least a little bit of money back on their investments.
# 1. Professional, Full-Time Traders Have a Financial Time Line
Anyone and everyone who makes a significant amount of money in the Forex business will tell you one thing:
Keep a financial planner!
It can literally be the only secret you have to follow to start seeing success, depending on how disorganized you are currently.
The fact of the matter is that you can not really profit if you do not have a plan for your money. Here are a few things you should plan out:
- How much money do you want to make?
- When do you want to make it by?
- How much money do you want to invest?
- How much money CAN you invest?
- Do you want to trade in small increments, big increments, or both?
Just answering those 5 questions will have you infinitely closer to achieving financial success with Forex.
# 2. Make Both Long Term – AND – Short Term Trades
Anyone who's read up on investing will know that diversification is the secret to riding the stock market. Diversification is one of the simplest and safest ways to make sure that you're profiting consistently with the average performance of a market.
The same type of thing holds true in Currency trading … By making both long term and short term trades you'll be playing a safer investing game. Basically, the short and long …