Learn
How To Trade Forex - Can A Beginner Make Money In Forex Trading?
Introduction
Contrary to what every Forex 'expert' out there would have you
believe, it's not easy to learn how to trade Forex at all. Trading Forex is one
of the most challenging skills you can ever set out to learn, which is
especially daunting if you're a beginner just starting out to learn how to
trade Forex. If you're finding it hard to learn how to trade Forex successfully
right now, you're probably wondering: "Can a beginner make money in Forex
trading?" By the end of this article, you'll know what you can do to make
money in Forex trading right now.
Can A Beginner Make Money In Forex Trading?
If you have a look around the many Forex websites, forums,
seminars and magazines, it seems like everyone's making millions of dollars
trading Forex! The thing is, Forex traders love to talk about their winning
trades and make themselves out to be wildly profitable traders, but the reality
is that only 5% of Forex traders are consistently making money. Yes, even a
beginner can make money in Forex trading, but there's a big difference between
making money in Forex and making a full time income, achieving financial
freedom, and building wealth through Forex.
What Stops Beginners From Making An Income
So what's stopping beginners from making a consistent, long term
income from trading Forex? Well, unlike the professional Forex traders working
for the big banks and hedge funds, most beginner traders learning to trade
Forex aren't paid a full time salary to immerse themselves in the markets. If
you're just starting out in Forex, then you've probably got a full time job
that you spend at least 8 hours a day on, and a family and social life outside
of that. That means that you have a very real shortage of time to get yourself
to the level where you can trade like a pro, and believe me, it takes a lot of
time and consistent effort.
It takes years of study, practice and real experience in the
markets to learn how to trade Forex successfully, and get to the level where
you can consistently make money in Forex trading. Not to mention that you'll be
taking on, for all intents and purposes, an unpaid part time job that will
chain you to your computer while you are trading. It's something that will
alienate you from your social circle, and put considerable strain on your
family relationships as well. It's no wonder that most traders wanting to learn
how to trade Forex will give up within 3 months, and never make money in Forex
trading.
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