Solving the Forex Day Trading Puzzle | Introduction
Let’s jump right into it. Why are you here? You —the person reading this— had something trigger a response for you to search for an opportunity to change your life. It doesn’t matter if you came upon reading this from a friend, advertisement, or random chance. The point is something moved you to act on a desire for change. Meaning, you all encountered obstacles in life that have led you to open up this book right now.
Whether you’re currently in day trading or just having started, you see an opportunity in the financial markets. Every day, 5 trillion dollars is exchanged in the foreign exchange/currency markets (Forex) —thousands are getting a piece of the pie— and you want yours. Here is the reality, currency day trading will not end. The entire world would have to completely stop!
The stability of the currency day trading market was established when money was created. Something many perceive wrong about financial markets is that they think the pie is limited, in reality, it continues to expand.
The Foreign Exchange market has been primarily run by banks and they have made huge profits—until the creation of the Internet. The Forex market will maintain its rise as people continue looking to change their lives through the advancement of technology and the Internet. With the connectivity we are seeing in the world, it is providing everyday people direct access to vast amounts of the financial marketplace. Do you have your piece of the pie, your piece of the 5 trillion dollars exchanged each day or will this be another distribution of wealth you will watch from the sidelines?
So, perhaps you are looking to overcome something holding you back from living the life you dream for yourself. But how do we do this? Easier said than done, right? Especially when we try to do it on our own!
Whether it’s trying to create lasting change in our lives to achieve the happiness and freedoms to do more of what we love, sometimes, during our pursuits, we fall short of those goals. It could be as simple as failing to address the bad behaviors undermining our efforts. Be it mental walls, self-doubt, or depression — life is always waiting to throw us curveballs. However, it’s our preparation for those curveballs that is keeping us on track towards the visions we have for ourselves.
Asking yourself, why are you here, reading this —right now— looking for a change? Possibly it’s the understanding you have of wanting to enjoy new experiences, greater independence, to be your own boss, or perhaps you are seeking more time to develop relationships with those around you.
But one thing is certain: you see day trading as an opportunity to create those changes. Although this is only the first step —if you are looking to make a change— wouldn’t you demand the best possibilities available to help secure the change you crave for yourself?
You’ve made the first stride towards acting, and now you get to maintain the momentum and turn it into lasting change. You’re shifting your mindset towards understanding the possibilities in front of you. You’ve determined that you are looking for a tool or system to help you along in this journey. A technique that applies to all areas of your life—and not simply having to do with day trading and money. After all, there’s more to life than money!
Unfortunately, people often stumble from the start by not properly preparing themselves for taking the big leap into day trading. You must avoid the mistake of going online for a few hours and expecting to know the ins-and-outs of the day trading world. This will cost you money! Additionally, you need to watch out for those trying to sell you a product that loses you money. This book will go more in-depth on what to avoid. By avoiding these mistakes, you can avoid the costly process of learning from beginner mistakes, thus saving you time, energy and money.
You need to ensure these programs offer reasonable support and continued
education before you get excited and invested into what someone is trying to sell you. You need a program that remains current with live info, is cutting-edge, and relevant. Meaning, the system has continued education coming in the form of live webinars, meetings, and updated videos. As for books, they should only be the beginning, and not the end all be all. But most importantly, ensure that you find yourself a group or community to help you along the way. Don’t pursue this on your own! Find a group of expert traders, along with fellow traders pursuing the proper preparations to get their piece of the pie.
Often, in day trading, information becomes outdated after a couple of years. Although older information from places such as books is relevant, live info is important because past data can lose relevance as market conditions shift and advance.
It’s these standard systems filled with outdated mistakes, be it only reading books, watching online courses, finding get rich quick schemes, or thinking you can do it all on your own — don’t make the mistake of allowing yourself to believe you don’t need help. Don’t assume you have it all figured out. You need the help of someone to take the load off and offer continued support in your journey. Don’t have a mistaken mindset of believing after doing some research, you will be a pioneer in the financial markets. Don’t try to carve your own path!
This book is meant to help you avoid the mistakes that will have you falling into a misinformed belief structure in day trading: that it doesn’t work. You need to believe day trading is a means of making money. It is making plenty of traders lots of it. Why not you? This mindset will help you in committing to avoiding the common mistakes by seeking out the proper methods for learning how to trade. Essentially, watching out for these mistakes will help maintain the positive mindset you need from the onset in your belief about day trading.
The currency markets have been around for a long time with plenty of experts mastering the market —learn from them— don’t make something harder than it needs to be. There are resources created to help you in your journey towards the vision you have for yourself. Now, let’s figure out where to find them!
[Next Post – The What and Why]