This is not going to be one of those sad stories where you read about a grown man whining about business and the shoddy economy. On the contrary, I want to share my very positive experience with ForEx and what it meant to me with everyone. Yes, I do admit what everyone knows, that the economy worldwide is not in best condition, and it’s harder than to start a new business now than, say, ten or 15 years ago, but I found a way and I believe so will you. So, if you’re interested in finding out how ForEx can change your life as well, read on, perhaps you will learn something from this article.
Certainly you know what ForEx is, and even if you don’t, you have certainly been connected with it at a certain point in your life without knowing it. ForEx stands for foreign exchange market and the entire premise of business is buying and selling foreign currencies. I was drawn to it because it is, without a doubt, one of the biggest markets in the world. If you think about it, it’s perfectly logical – people around the globe buy and sell currency all the time and the market is alive virtually 24/7. What’s not to like?
I’m an American and I have to say that many people wondered why I would go into ForEx when I first announced it, but there is a reason for this – the US only has a single currency, dollar, which makes it unnecessary for people to exchange currency unless they travel abroad. It is because of this that ForEx doesn’t automatically appeal to everyone there, but people around the world value it highly and eagerly work with it.
Before I started working in ForEx, I decided to take out 1/5 of my life savings. Why not more, you may ask? Well, while ForEx is not as risky as many other businesses, it’s still a business – we are talking about the financial market here, and the competition is fierce. I couldn’t risk losing all my money over a single failed endeavor and neither should you. Never invest more than approximately one fifth of what you have into ForEx… or any other business, for that matter.
Then I did my research, I even hired a ForEx broker to teach me some tricks and set up the business for me. After all that was done, I started trading and it required a lot of vigilance, since you need to keep track of which currency is getting stronger, and which one weakens. Then you make the move, sell the stronger one and buy the weaker one, and you keep repeating that and profiting on commission.
And last, but not the least, I love this job because I can do it any time of the day from any place where I can take my laptop. The markets around the world are ‘live’ all the time (not at the same time, but still), which makes ForEx an extremely convenient job.