AUD/USD 354pip profit
I have heard a lot of people saying “I will trade forex, and excel on my day job (and other business) and still enjoy life”. As if they can do all those things at once with great efficiency. Dividing your attention only makes it worse. If you’re not yet good at trading, don’t you think that focusing on that alone first should be your ultimate goal?
I have heard a lot of my friends ask me if forex is easy. I say, “Forex is simple. You just buy or sell. There’s a 50 – 50 chance that you’ll be right”. And they think that is great. They think it is easy. I say its simple not easy. Then they tell me their dreams about going to a paradise island, retiring with only forex to keep them alive. There is nothing wrong with this. And a lot of people have done it. But I think people underestimate forex because of its hidden simplicity. More often than not, it is hard. And you won’t be able to master it just by looking at charts and asking for your trader friend’s opinion.
Discussing ideas with friends are good. But it is still the execution of that idea is what makes a difference.
They start out at $100 – $500 dollars in capital and expects to be a millionaire overnight. This is far from truth. Overnight successes are 10 years in the making and you won’t get anything out of a measly capital. Maybe a couple of trading experience and testing. But keep in mind that you make money by risking money and the more you risk, the more you earn. Always keep your expectation with the borders of reality.