Monday, June 8, 2009

Can I Make Money With FOREX?

Someone recently asked this question to me. Since I now make a living out of it, naturally I answered yes. Then again, I wondered whether or not my answer to that question gave the impression that trading FOREX is easy....

...and the short answer is that it is NOT!

Yes, it's possible to grow capital or earn a living out of trading FOREX.....much in the same way that it is also possible to do the same by joining the numerous MLM companies selling all kinds of stuffs...

Have you ever wondered why out of thousands or so honest folks who attended MLM seminars all wanting to learn how to earn extra cash, very few actually succeed in doing so? And the majority of the attendees are simply there to make up the numbers?

How many times have you heard time & time again that most people NEVER really get the success that they so crave, after paying huge amount of money to attend the oh-so-many seminars on stocks, options, Internet Marketing, FOREX and so on?

Do you really think that you can grow your $500 to $50,000 within two months? Or earn $10,000 a month right off the bat after walking out of the hotel where the seminars are held?

Like everything else in life, you need to work really hard in order to be able to earn your stripes in this business. My retinas have been burnt many times from all the hours spent looking at the charts, reading e-books, surfing forums, trying to make some sense from it all.

But it CAN be done. It's just that there is no shortcut in this business.

Trading can be very brutal to your wallet.

But the reward is that, I no longer need to be somewhere else at 8 am on Monday mornings!

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