What do you do for a living?
The world is changing. Globalization, rising of the new markets in east Europe, India, China and south America, as well as the rising of information era, created a new reality for the average employee. Unlike the previous generation, most of the western world employees no longer feel secure in their jobs. The first baby-boomers, children of the post world war 2 are gradually retiring, and values such as "social security", "corporate pension" or "secure job" are gradually disappearing.
It does not matter whether you work for the big ones or for a small local business. The whole approach towards working power has changed. Massive cutbacks are everywhere. No one is immune. And one of the world biggest companies has a clear policy in this regard - your performance is constantly monitored. If at the end of the year you are at the bottom 5 percent, you are out. Fired without questions. Indeed, it might be cold out there.
An absolute truth #1:
I guess you feel this pressure too. You work hard and do your best, trying to avoid the unpleasant conversation with your boss. And if that is not enough, you sometimes feel that this race is too tedious or even useless. At the end of the day, the rich get richer but you stay behind, fighting to get another lousy raise while your boss builds his new mansion.
An absolute truth #2:
A lot has been written about the ways every employee can get himself out of the modern rat-race. Recently, along with the "globalization hype", more and more people discover currency trading, a.k.a Forex (stands for "foreign exchange"), as a way out. Basic knowledge, a decent PC and a small initial investment is all it takes to make killer profits and quit your day job, right? The truth is, you cannot get more wrong than that. Lots of dreamers trade in the forex market only to lose their money to a small group of elite professional traders. Those dreamers often have a boring day job and a dream to become their own boss, work from home and have a financial freedom. However, most of them have a "get-rich-quick" approach and therefore they fail in 9 out of 10 cases.
An absolute truth #3:
It is possible to make money from forex trading. But first, you MUST abandon the "get-rich-quick" approach. Additionally, unless you have been working as a forex expert for a major investment bank for the last ten years, do NOT quit your job yet. Why? because the right way to enter the world of forex trading is step by step, with a good money management and without risking funds you cannot afford to lose. You need your day job to pay the bills and help you build a stream of residual income. Some former employees did it patiently, acquired knowledge and forex trading experience along the way, and gradually the residual forex income became their primary source of income. We are talking big money here. So playing it safe and wise while keeping your day job at early stages is the golden key to freedom.
How can anyone trade forex and keep a day job anyway?
Right. You cannot be a day trader if you keep your 9 to 5 job. The good news is that forex day trading is for professionals traders and especially NOT for you (at least at this stage). What you need is a system that requires a few minutes or so every day to set up, whether before you go to work or at the end of the day. Some veteran forex traders have spotted this specific need and developed powerful trading systems that enables you to do exactly that - to trade forex successfully without leaving your job.
These systems are not free, but the return on investment is literally immediate. Considering the cost of these systems (approx. between $50-$150), the risk/reward ratio is by far in your favor. If you prefer to rely on that forex course/e-book your broker gives for free, you are at risk to lose a LOT more than the cost of a decent system. Guaranteed.
Remember - like everything else in life, proper education, preparation and some sort of investment are prerequisite for any financial success.
Feel you had enough of this unbearable rat-rate? Trading forex is a relatively new business opportunity that was not available to retailers like you just a few years ago. But forex can be risky and frustrating, especially for newbies. Visit Currency-Trading-Articles to read the last part of the above article and get guidance on how to start trading forex with low risk and without quiting your day job.
Subscribers of Currency-Trading-Articles (subscription is free) also get two free e-books every trader must read.
