41 Reasons to Trade Forex

 

  1. You can make some serious cash

    You always need to be cautious when trading but you can definitely make some good money trading the forex markets. It can become your full time income.

  2. You will learn new skills

    With the way the world is evolving and with the technological age, there are new things you can learn every day without going back to school.

  3. You will get involved in an industry you probably never knew existed to the ‘average’ person

    With the changes in technology, trading forex can now be done from home with your ordinary laptop without any special degrees.

  4. Learn more about how the world actually works

    Being a trader helps you understand the differences in strength of various economies around the world. It is interesting to see what makes one currency become stronger or weaker.

  5. Make new friends

    Everyone who trades has the same goal and that is to make money, and you will find that everyone tries to assist one another to achieve this goal.

  1. Socialise in a different circle of people

    You can meet people from all walks of life; dentists, teachers, policemen, crafters, kayak builders and yes….investors too.

  2. You will learn something new every day

    It could be anything from a new strategy, to a new indicator, to general ‘worldly’ information to completing a new course. There is always something new to learn.

  3. You learn to control your emotions

    Emotions are definitely the masters of disasters in forex trading – you will learn to get these under control or risk losing your money

  4. Patience is a virtue

    Patience is something which every forex trader needs to have – depending on your strategy you might have to wait days for price to reach your entry point. Entering sooner could cost you money.

  5. It boosts your confidence

    As you make money and realise that your decisions are correct,  you will gain more self confidence

  1. Trading forex gives you interesting topics for discussion at your next dinner party

    Surprise people with your new skills and knowledge. You are very likely to find people interested in learning more about it.

  2. You don’t need a 3 year degree to learn to trade

    For technical forex trading, it only takes you a couple of days to learn the basic skills needed to trade the forex markets

  1. It doesn’t cost you a fortune

    Some people are under the impression that you need hundreds of thousands to trade – think of it as an investment in yourself when you train with a reputable company, and then you only need to fund your initial capital to start trading with.

  2. Trading can get you out of debt

    If you are trading to earn an additional income then you can put that money towards paying off debt.

  3. Forex trading teaches you to respect and control money

    Trading can become an adrenalin infused activity and you will have to learn to control these emotions – you want to protect the money that you have made. It does teach you responsibility and also how to respect money.

  4. It takes you out of your comfort zone

    When we are in our comfort zones for too long, we become complacent and possibly lazy. Do something different. Learn something new. Fire up your neurons. You never know what may come of it.

  5. You can develop your own indicators

    If you know are tech savvy, you can develop your own indicators

  1. You will become a better thinker

    Trading forex forces you to sit quietly, read and concentrate before taking a trade.

  2. You can inspire others

    Other people will see your success and you might just inspire someone to either do a course, become more responsible or get out of debt.

  3. If you don’t know what to study after school, you should consider earning to trade the forex markets in your gap year

    And you can still continue to trade for the rest of your life even if you do end up in another line of work. I am yet to meet someone who says “no thanks, I would not like to earn any more money!”

  4. You will always have an income stream

    Forex trading is here to stay – countries have different currencies that are of differing values. When you learn how to trade, no-one can take that away from you. You can never get retrenched. You will never be without an income stream.

  5. The more you do it, the better you will become

    Practice makes perfect. Bruce Lee said that the way to becoming a master is not by practicing 10 000 different kicks, but rather practicing the same kick 10 000 times.

  6. It is quite a rush when you make money

    Need I say more??

  7. Endless activity (5 days a week 24 hours a day)

    The forex markets are open globally 24 hours a day, 5 days a week.

  8. Freedom!

    You can trade at whatever time is suitable to you – 05h00, 10h00, 12h00 or for the night owls, even midnight!

  9. You are in control and you can close a trade any time you like while the markets are open

    You evaluate the market, you place the trade and you can close the trade whenever you want

  10. You can literally do it ANYWHERE!

    On the beach, in your bed, on that ski slope in Switzerland – as long as you have internet access and the markets are open you are good to go!

  11. You can escape the 9 – 5 routine; that is so last century

    If you want to trade from your bed, do it. If you want to trade in your lunch hour, do it. If you want to trade from your hammock, do it. There is a way to trade that is suitable for everyone.

  12. More family time

    Trade when it suits you so that you can spend more time with your family doing the things that you want to do! What other job gives you that?

    Portrait of family of travelers in tent

  13. You are your own boss

    If you don’t want to work, don’t. If you want to work mornings only, then do it. The choice is yours. Some people need a place of work to go to – alternatively get a bunch of traders together and meet up daily or weekly and trade together.

  14. There is no physical labour involved

    Yayyyy!

  1. Pay it Forward

    You can earn extra money to assist your favourite charities or people who might need a helping hand.

  2. Make money when the market is going up OR down

    You don’t have to hold thumbs that a stock’s value will increase in order for you to make money – when trading forex you can trade when the market goes up OR down and make money both ways!

  1. There are tools and techniques you can use to enjoy a high success ratio

    If you do a forex trading course with a reputable company (and people who care), you will not be left alone. You can be assisted with mentoring, group chats, queries or indicators that are created for course attendees to use and build their income.

  2. You do it yourself so you are in control

    No-one can tell you what to do. They can make suggestions but at the end of the day, you make decisions for yourself.

  3. You can get demo accounts to practice on and they are free!!

    When you do a forex trading course, a broker will be recommended to you and if you do the course through a reputable company, a good broker will be recommended to you. When you sign up you can register for a demo trading account where you can practice what you have learned without losing any money.
    (link to Orbex/ B Global here?)

  1. If you do a course through a reputable company or institute, you will have a support network around you all the time

    Good forex training institutes will not leave you in the dark. Make sure that when you sign up you have a good support structure and that you are not left alone as the beginning can be quite exhilarating but also nerve-wracking. This stress will definitely be taken away if you have a group of trained and qualified people assisting you.

  1. So many new people start trading forex constantly so you will never be the only ‘newbie’

    It is becoming more widely known that trading forex can be done online and from the comfort of your own home. More and more people are learning to trade so you will always find someone who is as experienced or inexperienced as you are.

  2. Lower fuel costs

    You can trade from home so you don’t need to go anywhere to be able to trade.

  3. You can do it in your pj’s!

    You don’t have to dress up or do anything fancy because you can trade from home. How devine.

  1. There are some pretty nice people who trade forex

    You will meet people that you will probably never have met before. Step out of your comfort zone and engage in this new world.

If you have any other reasons why trading forex is a great idea, please leave in the comments section below!

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