Introduction
Contrary to what every Forex ‘expert’ would have you believe, learning to trade Forex is not at all easy. Forex trading is one of the most challenging skills you can attempt to learn, which is especially daunting if you are a beginner just starting to learn Forex trading. If you’re finding it hard to learn how to trade Forex successfully right now, you’re probably wondering, “Can a beginner make money trading Forex?” By the end of this article, you will know what he can do to make money trading forex right now.
Can a beginner make money trading forex?
If you take a look at the many Forex websites, forums, seminars and magazines, it seems that everyone is making millions of dollars trading Forex! The thing is, Forex traders love to talk about their winning trades and pass themselves off as wildly profitable traders, but the reality is that only 5% of Forex traders consistently make money. Yes, even a beginner can make money trading Forex, but there is a big difference between making money on Forex and earning a full time income, achieving financial freedom and building wealth through Forex.
What prevents beginners from earning income
So what stops beginners from earning consistent long-term income from Forex trading? Well, unlike professional Forex traders who work for the big banks and hedge funds, most beginner traders who learn to trade Forex are not paid a full-time salary to immerse themselves in the markets. If you are just starting out in Forex then you probably have a full time job where you spend at least 8 hours a day, and a family and social life outside of that. That means you have a very real time crunch to get to the level where you can trade like a pro, and believe me, it takes a lot of time and consistent effort.
It takes years of study, practice and real experience in the markets to learn how to trade Forex successfully and get to the level where you can consistently make money trading Forex. Not to mention, you’ll be taking on, for all intents and purposes, an unpaid part-time job that will chain you to your computer while you trade. It is something that will alienate you from his social circle and will also put considerable pressure on your family relationships. It’s no wonder that most traders who want to learn Forex trading give up in 3 months and never make any money trading Forex.
What you can do to make money trading forex now
So what can you do to make money trading forex right now? The best shortcut I know of is to buy a proven Forex trading system to do your trading for you. I’m not going to look you in the eye and tell you that you can go out and pick any system and make millions, because that’s just not true. Profitable trading systems are rare and you should choose very carefully. That said, if you can find a trading system that works, you can overcome the biggest challenges any trader faces while learning to trade Forex. You will be able to gain valuable experience in the Forex market, preserve your personal relationships, and most importantly, make money trading Forex while learning how to trade Forex.
When you have built up the capital and income from your Forex systems trading and gained valuable trading experience, you may decide to try Forex trading for yourself. Regardless of whether you trade an automatic Forex system in the short, medium or long term, it is a powerful solution that will allow you to make money trading Forex even if you are a beginner.
