Tuesday, November 11, 2008

Forex Trading - A Potential Home Business?

Many people are interested in forex trading and ask themselves if it's possible to trade for a living and have it be their main source of income, or should I say thier home business.
In short the answer is yes. In fact I've personally done it myself. Having taught in the public school system for more than 3 years and having left that in the past to work full-time at home as an active trader the rewards have been wonderful.
However, trading for a living is like anything else, it involves work and time committment. I see far too many people getting involved in trading who do not properly educate themselves first and openly tell people I spent nearly five thousand dollars on systems and education that I probably could have saved had I known then what I know now.
What I didn't realize is that just because a forex system that claims to have all the right tools for one thousand dollars, five hundred dollars or whatever the case may be doesn't mean it's the best possible information or even best system out there, in fact it's more than likely the same information is avaliable in a cheap fifty nine dollar ebook, and that's the truth!
I did run into some quality mentorship programs and systems, not all were complete junk and believe it or not the best information was the cheapest.
If planning to take forex trading to the next level and running it as a potential business, my advice is to do your research and properly educate yourself on the subject matter. Set aside a specific time each day that you will dedicate to your eduation and of course your trading. If done correctly and with discipline, forex trading can turn into a profitable home busienss for those with the right mind-set and eduction.

0 comments: