Forex Trading - Who Wants To Be A Millionaire?
Becoming a millionaire is every forex trader's dream. Many beginners search for examples of super rich in forex market, but usually fail to extract any documented proof on the internet. Does the law "if you can not see, it does not exist" apply to trading? Are there millionaires in forex?
Let's imagine for a minute that you are a millionaire. Would you really want to go around posting your glamorous income invoices all over the net? I do not think so! When you start making a lot of money, you definitely would not want everyone to know about it. Unless you are eager to be robbed or physically strategically, it's better not to talk about your earnings with anyone, especially not on
I always tell beginners not to post their forex pips live for their own safety. You would be surprised how many people are watching! The whole world is watching to see a winner. The whole world is ready to be jealous. The whole world wants a piece of you.
Of course, there is a matter of pride and arrogance involved when it comes to big wins. Many forex traders can not keep it to themselves and post large live pip gains to prove how good they are. I say, stay humble and keep your pips Safe! The reason why you will not be able to find a forex millionaire on some money-making forum is that these guys are smart enough to protect their identity and privacy.
Once you able to grow your trading account to the size which will provide you with a solid monthly income for the rest of Your Life, you most probably will not even bother returning to all the forums and blogs you used to read advice to other traders ! Community will no longer be Forex of benefit to you!
Another mostly overlooked point is that forex trading is a business, not gambling. And as in any other business, your profits depend on the investment. Will it truly help if you know any trader that made millions? I can give you names, but in my opinion, their success is too irrelevant to even look at. They started the forex trading experience from a much different place than many of us are.
Besides, big players in forex trading relay not only on the strategy, but also on behind the scenes information and influence they possess due to their wealth. Millionaires use their power by forcing things to go their way. Sun unless you possess an influential position you just can not make it Big. However, a smart forex trader can make a very decent living if he does not jump over the head with greed. In fact, he will probably make more than any paying job his best education can get him.
Let's say you start with 3K and 30K to turn it into a year, consider yourself successful. Heck, if you can just double your investment you are a successful trader! Any profit you make is only relevant to you, to your agenda, to your calculations and even if your success is not considered to some great, but if you started small and managed to turn it into profit instead of loss, in my opinion, you are going in the right direction.
Everyone Wants to Be a Millionaire! Just keep in mind that you can not start walking without crawling first! Forex market is always changing and I think it is important to learn the art of changing with forex and adapt to it. One million dollars would definitely be fantastic, but hey, even extra 30K a year is awesome.
And as for the millionaires, do not bother looking for them. They are most likely too busy counting their money and trading some more! As you can guess, I am not one of them yet, but I have definitely improved my living with forex trading. My agenda as a forex trader is to make life easier by earning enough working from home. I, for example, do not care for private planes, yachts or million dollar golden toilets. My agenda is to spend with my family time, go on vacations once in a while and have a good hot meal everyday.
Tags: Foreign Exchange, Forex, forex market, Forex trader