Introduction by ebook's author:
The Forex market is the most lucrative market in the world with an average traded value that exceeds $1.9 trillion per day and includes all of the currencies in the world. Read that again – almost $2 000 000 000 000 traded value PER DAY!!! That means almost 2 000 000 000 000 opportunities to add a dollar in your wallet. And the fact is that more than 90% of the people, daring to risk their money on the Forex market fail missarable.
The truth is – most people are not fully aware of what exactly is going on there. They just take ilogic decision to entrust their savings to some so calleg “guru” offering fast money, 99.99% succesful trades etc. and wait for a green rain to pour on. Imagine forex as a mountain river. Many people jump in and drop some cash on deposit. They don’t know and don’t care about the strategy. And when they finally realize that they are moving in the roaring water – it is too late – the account is already blown!
The truth is – money does not come from nowhere. It simply transfers from people who trust to people who know. Remember, most money is made on Your ignorance.
Investing means simply putting your money to work for you. Essentially, it’s a different way to think about how to make money. We were taught that you can earn an income only by getting a job and working. And that’s exactly what most of us do. There’s one big problem with this: if you want more money, you have to work more hours. However, there is a limit to how many hours a day we can work, not to mention the fact that having a bunch of money is no fun if we don’t have the leisure time to enjoy it.
The idea of cloning Yourself is pretty tempting (as seen on “Multiplicity” motion picture), but it comes to not so desired results (also seen in “Multiplicity” motion picture). But in reallity, you can’t create a duplicate of yourself to increase your working time, so instead, you need to send an extension of yourself – your money – to work. That way, while you are putting in hours for your employer, or even mowing your lawn, sleeping, reading the paper or socializing with friends, you can also be earning money elsewhere. Quite simply, making your money work for you maximizes your earning potential whether or not you receive a raise, decide to work overtime or look for a higher-paying job.
It is good to highlight that – Investing is not gambling. Gambling is putting money at risk by betting on an uncertain outcome with the hope that you might win money. Part of the confusion between investing and gambling, however, may come from the way some people use investment vehicles. For example, it could be argued that buying a stock based on a “hot tip” you heard at the water cooler is essentially the same as placing a bet at a casino.
Obviously, everybody wants more money. It’s pretty easy to understand that people invest because they want to increase their personal freedom, sense of security and ability to afford the things they want in life.
Forex is about trading money in differents forms – dollars ti euros, dollars to yens etc. All trades made… Read more…
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