Can You Make Money Trading Forex?
Can you make money trading Forex?
I see this question all the time. Seems people don’t believe it is really possible to make money in the Forex market. But that cannot be further from the truth.
The truth is, you can make money in the Forex market. As a matter of fact, I do make money, and share my signals with my subscribers at Forex Investing Live. So, I know first hand it can be done.
My fear is that by focusing on making money means many people are getting off on the wrong foot. Because what I think people are really asking isn’t if they can make money trading Forex… but rather if they can make some amount of money they think up in their head. It is not really about just being able to make money… but being able to make a specific amount of money they feel would make trading worthwhile to them.
And here is the problem.
Most at-home traders just getting started out just don’t have reasonable expectations. They have probably been swayed by all the hype on the Internet to believe making money is easy and huge fortunes can be made very quickly with small accounts. But that is not what making money trading Forex is really about.
In my opinion, focusing on the money first is doing things backwards.
What you should focus on first is learning how to trade profitably. This means making more money on your winning trades than you lose on your losing trades. That means you will be profitable. But it does not tell you how much money you will make… or if that money will reach that “magic number” you have in your head.
Only after you can trade profitably over time should you focus on the money you want to make. When you can trade successfully, you can create a business plan designed to reach your goals (that magic number you have in your head). And a lot of times, the experience of learning to trade properly will help you align your goals with reality and come up with an achievable business plan.
The great thing about Forex trading is it can be scaled to meet your goals. Let’s say you can make $1000 trading Forex. Well, then you have the ability to scale up your trading and make $10,000. And if you can make $10,000, you can scale up your operation to make $100,000.
What you cannot do is find some magic trading strategy that allows you to turn $500 into $100,000 in a month.
So, focus on the trading first. And then the money second.
If you are having trouble becoming a profitable Forex trader, I suggest taking my Free 14 Day Trial at Forex Investing Live. You will be able to see first hand what profitable Forex trading is all about.
After 20 days as a member, subscribers get access to my Forex “Money That Matters” Course. This is about making more profits even with smaller accounts. This course can help you come up with a business plan to turn your trading success into “money that matters” for you.http://tradetheforexmarket.com/featured/can-you-make-money-trading-forex/http://tradetheforexmarket.com/wp-content/uploads/2016/11/Can-You-Make-Money-Trading-Forex_.pnghttp://tradetheforexmarket.com/wp-content/uploads/2016/11/Can-You-Make-Money-Trading-Forex_-150x150.pngBlogFeaturedForex Investing Live Signalsforex end of day signals,forex investing live signals,forex signals,forex signals provider,forex signals service,set and forget forex signals