Investing… what does it really mean? I think with the rise of crypto currencies, the topic is more frequent. But what does it really mean? Can anyone invest? What does it take to invest? Why is it necessary? It is such a broad subject, I know! Those were some of the same thoughts I had as well. Trust me you are not alone. When most people think of investing no matter the source these questions come about, along with many others. My mindset use to be, maybe “I will learn more about investing when I’m in a financial position to make better investments”, or “maybe when I have more time”. I was under the impression I needed to have large amounts of capital. I was also under the impression, I had to have some sort of background in this area of finance along with the educational foundation to support it. Have you been thinking the same thing? You are not alone and if so, you are sadly mistaken as I was. Though having a background in finance and a educational background along with capital are immensely helpful. It is not a requirement to learn and earn.
I honestly never imagined that I would be so interested in learning about investing and be so excited about doing so. Though I am far from a guru I am definitely more knowledgeable today than I was one year prior. Investing prior to a year ago always seemed so intimidating, because I always imagine that there was a need for a large amount of capital. I always feared the risk and never imagined the reward. I always thought that there needed to be some sort of mass knowledge about mathematics and numbers to be able do my best. I thought that my C average grade in math would never allow me the ability to invest in anything involving numbers. I did what most people do, I tried to talked myself out it.
When I first learned about ways to invest I was completely intimidated. I found myself in the middle of study telling myself, “What are you doing? You’ll never figure this out”. I was determined to ignore those voices. I thought to myself, each person that learned this skill has had to learn it for the first time no one is born knowing this; so if one person can learn it then why can’t I?
There are so many ways to invest your money, I decided I wanted to know all there was to know about the Foreign exchange market (Forex). The Foreign exchange is the most liquid market in the world with more than 5.3 Trillion dollars a day flowing through the market daily. When you read that I know your thinking she must of made a typo… no you read it correctly 5.3 TRILLION dollars a day. Now some say why Forex? I say why not? Of course there is the stocks, bonds, annuities, options, bank savings, 401k, mutual funds, all sorts of ways to invest, but the Foreign exchange is trading of one country’s economy for another, it doesn’t get any better than that. The forex is open 5 days a week 24 hours a day. I have the opportunity to invest in the morning or in the night or both if I chose.
And the best part…With Forex you are allowed to practice in the live markets before you invest your money. The barrier to entry is low, meaning a person can start to invest with as little as $10.00. Some may say well you can’t do much with $10.00, but with the power of leverage you can. Prior to many years ago before the wonderful power of leverage it wasn’t possible to do much without leverage. Leverage is what gives you the ability to start with such a small investment. Outside of leverage you have the beauty of compound interest in Forex trading. As the late Albert Einstein stated, “the most powerful force in the universe is compound interest.” Once you develop the skill of patience when trading in the forex market compound interest can grow your account substantially. Let me explain why compound interest is so important and why forex is my choice of investing. You see most people think that just putting their money into a savings account is all that you need, or maybe investing in their 4o1k but let me share a story I saw on CBS News Daily. The story was about a 98 year old women who’s father deposited $6.11 into a savings account for her 96years ago when she was 2 years old. At the time of the interview now 96 years later her account only had mature to $42.55. Astonishing you must be thinking as I was in disbelief. In the forex market you can make $42.55 in less than a hour with a $6.11 investment on the right side of the trend. The women waited 96 years to just barely take herself to dinner.
When I changed my mind on how how I thought about investing it made more sense. The truth was I just was afraid of what I didn’t know. I was more focused on the risk than the reward. I was worried about my fears instead of trying to overcome them. Alot of people have asked, well is trading a passion for you? I laughed at that question, because trading has actually taught me a lot about myself. My desire to trade didn’t just stem from the mere fact I could increase my financial resume but the fact that I could have more options. Options… isn’t that what we all want anyway? To give back to the world without thought requires options. To be able to travel the world and live the life of your dreams it requires options. I simply wanted more options, so I was willing to use trading as the tool to help me get there.
I realized that I had invested in so many other things and the return on the investment wasn’t to high so why not. I am a risk taker, that is how you grow in life. The Foriegn exchange isn’t something new it’s just new to you as it was to me a year ago when a friend shared it with me. I wanted to have more control over my finances what better way to have control to be able to freely invest and I’m determined to teach others to do the same.
Remember, “The expert at anything was once a beginner.”
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