Aside from everything the media is displaying right now, one of the more important things is getting your finances in order. If you are working a commission only job, start looking for more ways to make money. Even if you’re a business owner, it’s important that you start implementing ways to make your business recession-proof.
Something I have been telling people for years is about to happen. We are approaching what I call the “century cycle.”
It’s depressing to see the amount of garbage information out there. Forex is an opportunity that many people are going to lose sight of. Most people become blind-sided by the false claims and promises, and want to be millionaires overnight or even within their first year of trading. I’m not saying it’s impossible, but be realistic.
Realistic Income Goals for Trading Forex
If it would take 2 to 3 years of commitment, studying a few hours
If you’re like most people in the foreign exchange market, you’ve invested countless hours, researching and crawling all depths of the internet. And for what? Are you currently a successful trader?
If so, then this post isn’t necessarily for you. Although, how do you know if you are a successful trader?
Ask yourself the following questions:
Are you currently employed by someone else?
Have you been trading for at least six months to a year?
Trading is among the toughest professions in the world, especially trading Forex. Foreign Exchange trading requires patience, discipline, persistence, and confidence while remaining humble to the markets. Greed and fear are what usually kill the retail traders account. But don’t take my word for it. Read these 13 Motivational Forex Quotes from Successful Traders.
These experts are millionaires and billionaires. They know what they are talking about. You can either get out a notepad and write
Markets in the U.S. have been trading modestly lower all morning and are heading into the lunch break trading just off their session lows as they look ready to snap a four-day winning streak.
At noon on Wall Street, the S&P 500 is trading lower by 0.29%, the Dow is off by 0.23%, the Nasdaq has fallen 0.24%, and the Russell 2000 is sporting a 0.91% loss.
Transportation shares in the airline and railroad space are
U.S. markets are hovering near their session lows half way through the lunch hour on Wall Street Friday, though losses are quite modest at this point.
The S&P 500 is trading down by 0.23%, with the Dow 0.22% lower and the Nasdaq losing 0.22% as well.
Ten of the eleven S&P sectors are trading in the red currently, with only the oil-sensitive energy sector trading higher. The technology sector continues to flirt with unchanged levels, having