If you admire the lifestyle successful traders exhibit, raise your hands 🙋♂️. I see you sit and watch these successful traders drive flashy cars, go on vacation to any part of the world, fly first class, lodge in expensive hotels, trade at the beach, shop at expensive boutiques and so on.
You wish to be like them, right? E dey enter your eye abi, lol 😉. I know that feeling. I’m guessing that one of the major reasons that probably attracted you to the world of trading is the possibility of you making a lot of money and becoming financially free. right? or if there’s any other reason, please let me know in the comment section.
Now that you have probably started to trade, you may have seen that trading forex is not as easy as it seems. But regardless of whatever challenge you may be experiencing, I want you to keep your eyes on the reason why you started in the first place. This will help you to keep going, regardless of the challenge you may be experiencing with your trading at the moment.
Whenever you feel discouraged and about to give up on trading, remind yourself of some of the things you stand to gain if you do not quit. Some of you started to trade so that you can take care of your mum, dad, siblings, your community, your state and to make a positive impact in your world. Are you going to let all of your dream and aspiration go down the drain because of some challenges you are experiencing at the moment? Think about it.
Apart from the reasons I mentioned earlier, you should not stop learning to trade because of the following;
Trading Can Serve As An Extra Income Source
With the rate at which the cost of living in different parts of the world is becoming increasingly high, it is only wise to get an extra source of income to support your current earnings. Forex trading is a viable skill to learn that can make you tons of profits. You can learn how to trade even while working a full time job.
Opportunity To Earn In Any Economic Situation
For instance when unemployment rate is high in a country and the economy seems to be crashing down, you as a forex trader can make money off the situation. Read this article to know what economic news to pay attention to and how you can capitalize on them to make gains. Also when businesses are booming and the economy is thriving, you can also make money in good times. This means that regardless of any economic situation, you can make money when you learn how to trade
No Location Restriction
When I was working a 9-5 job, I literally used to be at the office almost every day of the week to carry out my duties. But now with trading Forex, I can trade from anywhere in the world and make good money. All I need to have is my laptop or smartphone with good internet and I am good to go.
Isn’t that better than having to go to drag yourself off the bed at 4am to hit the road so that you can get to the office early and resume duty for the day? Think about it.
Over $6 Trillion Dollars Exchanged On A Daily Basis
The Forex market presents you with an opportunity to partake in taking a portion of the over $6 trillion dollars exchanged daily. For some traders, making $200 – $1000 daily is good for them. How about you? If you could consistently make money from the forex market daily, how much would you like to earn?😎 . Let me know in the comment section.
You Choose Your Trading Style.
If you are an employee, your chances of choosing when and how to work is limited. Your employer controls basically everything you do. Your clock in hour, your break time, how you are to submit your report, when you go on leave and so on. But with trading, you are the Oga. The market gives you the chance to call the shots however you want it.You choose whether you want to trade the London or New York session. you choose when to enter and exit the market without anyone questioning your decisions.
You can even decide not to trade for a whole week and nobody will question you. If you are an employee, can you stay away from work for no reason for 1 whole week without informing anyone? Try it and see if your boss will not sack you, lol.
The Chance To Use Leverage
Leverage gives you the chance to make high returns even with little capital. Read more on how to use leverage in this article. With the application of good risk management, you can take advantage of leverage to make more gains even if your capital is low.
As the year progresses, I do not want you to be among those who will give up due to setbacks. These setbacks are temporary and it’s all part of the process. If you give up now, you will most likely continue to spend the rest of your time watching the successful traders out there and wishing to be like them. Instead of spending time watching people on the screen, why don’t you work on developing yourself to become that successful person on the screen that other people would love to watch? Think about it?
I trust that you have learned a thing or two from this post. I wish you the best as you progress. Please share your thoughts with me in the comments below.