Trader or investor, what should you choose? Can a beginner make a lot of money on forex? Basically, if you have ever wanted to find a source of quality education to learn to trade the forex market, this article is for you.
The time is moving forward, and technology is changing the way we live more and more. Only 10-15 years ago we hardly knew any other way to earn money except for getting an occupation and work from morning till evening. And what is going on now? Young and middle-aged people more and more often choose intellectual work as a main source of income. Working and making money on the Internet have become a popular source of income.
Trading in financial markets has now become so popular and accessible that almost everybody aged from 18 to 50 have heard about such terms as ‘forex’, ‘exchange’, ‘trader’. Of course, all this is accessible and popular, as these new concepts entered our lives, there has appeared a new serious problem, insufficient education in this area. Starting from childhood, people are taught that they need to study a serious profession in order to earn good money.
We all start studying in nursery schools, then we continue in school, next, in the university, and, more popular occupations need further academic studies. So, in order to consistently earn decent money, people should spend almost half of their life on studying. Of course, there is more general education there.
Dealing with a particular occupation, people study at university, and this takes at least 5 years. And now, let us get back to forex training and ask, if anyone has studied trading for at least a year. That is to study the methods of price predicting, specific features of exchange contracts, principles of pricing, types of securities, all the specific features of trading stocks. I think, there is hardly anyone!
Then why do you think that you can succeed in a business you know nothing about except for standard advertising slogans like “trading is easy”. Because of insufficient education, 98% of beginners inevitably lose their capitals. It would seem strange at first. There are all kinds of trading pursuits courses, stock trading courses and private trading lessons ample on the Internet.
Everywhere, there are ads about all sorts of trading gurus who promise to teach you to make profits within 1 day, or even within an hour. Why only 2% earn then? It is because most of these gurus and the authors of online trading courses themselves came out of these 98%.
They have lost their capitals, like most beginner traders, and, realizing that they can’t make money on trading due to the lack of education, they decided to take up teaching. And now, they offer to teach the newbies and so to make some money to cover at least some of their losses.
I will say even more, half of all those gurus haven’t even traded with their own money. I wonder what such a teacher can teach. Nothing! He/she can teach nothing because he/she has achieved nothing, though they can speak a lot. That is why the statics is horrible. Continue reading on Litefinance.