The following is the second chapter of Solving the Forex Puzzle by Matthew Poll Day Trading. What is your What and Why in Day Trading?
You have started the act towards wanting to make a change. You have put forward the idea into your mind of wanting change and then having that idea click for you—an inspiration to change your life. But why do you crave a change? Matthew Poll Day Trading intends to help you with that question.
Perhaps you had a breakthrough about money, day trading, finance, or whatever part of your life you want to change. The reason you need to answer the why will help you better understand what it is you want to change in your life. Essentially, you need to formulate in your mind the purpose for why it is you wish to day trade.
First, let’s explain what the Forex market is. It’s the largest financial market in the world. Also known as currency trading, it’s a global market with massive day trading volume that includes the buying, selling, and exchanging of currencies. The market has an overall low cost entry point. It’s a 24 hour /5 day market, with the largest asset class in the world.
We have seen the end of the times where you had to entrust your money with someone you don’t know. Leaving you confused about what traditional institutions are doing with your money and how exactly it’s benefiting you! It’s your money, and the best person to take the personal steps to grow it is you. You don’t have to allow traditional institutions to collect their fees and take their piece out of your hard-earned money.
The 24/5 open market allows you the flexibility to enter and exit whenever you want. It’s not like waiting for the opening bell that is involved with day trading traditional stocks. Forex provides you the freedom to build your day trading mindset around what is best for you.
Another positive is that the price movements of the currency market are predictable. The market moves in trends, which means —with the proper system on your side— you can capitalize on those expected trends. However, it’s crucial to find the appropriate system to help you along the way. As with any day trading market, if you don’t know what you’re doing or
don’t educate yourself, you can lose far more than you gain.
The Forex market is fitting for the fast-changing world of today. A world that keeps changing at a faster and faster rate. Whether it’s technology, politics, or the financial markets, the ground is shifting quicker than ever, leaving it difficult for us to brace ourselves for the changes. The result of this constant change is that we find ways to adapt ourselves to the fast-paced financial world.
Forex is the perfect market to jump into as long as you choose the right system to help you along the way. Thousands of people are getting their piece of the pie; you need to find the right system with the tools, community, and support to help you along in your journey. A community that will help you capitalize on the realities of the day trading market!
You need a system that provides you the tools to implement a strategy that will enable you to continually reinvent yourself and allow you to adapt to the changing world. Remember, the world will not adapt to you, so it’s time for you to accept that you must adapt to it. An ideal system will contain a community that helps you fulfill your goals, promote your
individuality, and be flexible for your situation in life.
Now, why else would you want to make a change? Maybe you want to stop being tired, overworked, and always feeling busy. You might even make a comfortable living, but that busy mindset never allows you to step back and enjoy living life.
Society has told us to earn a degree, land a stable job, and save so you can retire when you’re old. Many are still following this path —the “American Dream”— but don’t you want to create your own dream? A dream that will fit the life you see yourself living.
The old road is limited, risky, and doesn’t provide you the freedom to live the way you want to live. If it had, you probably wouldn’t be reading this right now! You need a tool —a community— that breaks beyond the old beaten down the path that assists you in keeping up with the fast-paced, ever-changing world.
Part of the issue is, we find ourselves in predictable loops. Maybe you have found yourself in a job that pays well. You got married, had kids, and settled down. You’re living the American dream, right? But something seems off. Your career is swallowing up your time. The upward trajectory you were hoping for is slowing down. You see the ceiling that you now want to break through.
The job you once felt right about is now cutting into the time you could spend with family and friends. You know, enjoying the parts of life we work for! Every day has you sucked into this loop, with tasks that you already mastered, forcing you to live your life on autopilot. Additionally, your commitments make you feel as though you are running on a treadmill
going nowhere fast, instead of running in the wide-open world of possibility. The loop ends for the day —you sleep it off— so then you’re ready to start again in the morning.
Now, hopefully, you’ve started formulating your why. So now let’s figure out the warning signs of systems, tools, and programs to avoid when looking to learn more about day trading in
the Forex market.