01/01/2012

Do you really want to become a day trader?

I have heard of a friend's friend who earned more than 5'000 Euros on one single day! By trading EUR/USD. Impressive, isn't it?!
What this friend of a friend did not tell was what he did lose the day before and what his trading performance was that same month and year. Talking about forex trading people usually keep their loss a secret.
The same goes for the time and work invested. For how long do trader stare at the computer screens and are nontheless confronted with a loss at the end of the day. Not to mention the stress they have to deal.
I also heard of people who have small trading accounts between 200 and 300 euros and are proud of having made 60 euros within a months or so. Ignoring the sweat, pain and the magin calls of past times! Forgetting that with that money amount one can't get so far. And the funniest thing is when the start to calculate: 60 euros profit make a rate of return of between 20 and 30%. So they think, if I had invested 5'000, I would have had 6'000 now! Yes, in theory and dreams anything is possible!


So that's what I think of when I deposit money into an account of a forex broker. Forex Trading is no fun especially when you trade with your own cash. But don't worry there are in face ways you can have fun with forex without getting hooked on that or lose the quality of your life. 
But please, there is no need to rush, let's go step by step...

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