Contrary to the experience of most people, the forex market is not a greedy “black hole” trying to swallow your hard earned money. The Forex market is like any other market, whether you are selling bushels of wheat, fresh fish, or currency. Stealing your money is not the order of the day. He’s a harmless old teddy bear that needs to be cuddled and loved. And if you learn to love him, he will love you, and love you in a very generous and concrete way. On the other hand, if you decide to view him as your enemy, you have no choice but to defeat him. And of course he defends himself. As a quantum physics teacher or spiritual leader tells you, the way you perceive things determines their reaction, it is the principle of cosmic proportions.
The forex market has several characteristics that make it highly regarded by some and enemy by others. One of the main characteristics is the high degree of leverage it allows. Recently, a major broker allowed accounts up to $ 1 million to be traded with a leverage of 1: 400. This ability to leverage and control an astonishing amount of currencies is, of course, a weapon to be won. double-edged, depending on what you do with it. But what you shouldn’t do with it is trade with it in one direction. Unless you have the desire to be a Forex martyr.
Another great feature of the forex market is that some currency pairs have a very strong opposite correlation. For example, EUR / USD and CHF / USD historically move in opposite directions. When one pair goes up, the other pair goes down. Therefore, if you buy a certain amount of both pairs, you can keep your trading open every day for several months at a time without setting a “stop loss”.
Finally, there is a vague characteristic of how currencies move. In fact, the entire universe is made up of wave models only. Like everything in the universe, currencies rise and fall. It’s even more predictable than death and taxes. Of course, this means that you should be able to consistently buy low and sell high, and that is, of course, the secret to profitability in any market.
These three characteristics offer a tremendous opportunity to generate significant long-term profits. It is quite possible for a trading system that takes advantage of these features to consistently double a trader’s account each year. The key word here is “constantly”. If your FOREX account consistently generates 6% profit each month, your account size will double in a year. A trading system that works consistently at this level will turn $ 5,000 into about $ 1.2 million in eight years.
Is it possible to start with just $ 5,000 in one account and become a millionaire in eight years? Would you like to try?
