FOREX TRADING: AN HOLY GRAIL BY ADEKOYA FAROUQ OMODOLAPO
Contrary to what is being preached to you about forex trading having an edge in making you rich and set for life,it's not what it actually seem on paper, rather it requires steadfastness, hardwork, resilience, patience and year's of experience before you can really make it. This is not to discourage anyone about venturing into forex trading but it's not what online marketers preach to you with numerous ads online showing massive gains a particular trader makes but behind the gain's,are years of failures, emotional damage and days he felt like quitting. This are the hurdles involved in becoming a forex trader.
As anyone interested in making money online in Nigeria of today and doing it legit, would like likely jump at this opportunity because it's promises you the chance of picking you from level zero to being a TOP BOY. You venture into it, create an account with a broker learn a few basics about forex online or even with a mentor, starting with demo account (paper money). Your first trade was a win , second win, till you have a week winning streak. Feeling this is it ,am good to go, decided to open a live account and find it with your hard earned money thinking you had cracked the code to trading. But the market is will always humble anyone even professionals with years of trading experience. You blew your first account due to emotion and not having the right phycology to trading.
Beginner trader's don't go all in into trading in the first six months of trading. You don't quit your job because you made a few thousand dollars I your first month or trading, but rather, keep your steady income job in shape and use it to find your forex dream ad your main capital because trading forex can take two to five years to mastering the skill in becoming a profitable trader depending on the person and mentor.
The opportunity forex poses are enormous and different form crypto market where you can only gain when a particular coin is appreciating in value, but forex give you the edge of gaining either a currency pair is going down or upward in value.To become a profitable forex trader, the hurdles are achievable if you are ready to fail,learn , relearn because it's a continuous process. Trading does not just reveal your character, it also help build it if you stay in the game long enough. All you need is passion, patience, persistence and the profit will eventually come. Venturing into forex with the mindset of making money fast will not only ruin you but make you miserable and jump into the bandwagon of "forex is a scam" instead the key to trading success is discipline because if intelligence were the key , there would be a lot more people making money trading.
Trading is all about the mindset, believe you can and you will. Sometimes you win, or you learn, each time you have a losing trade, don't see it as a loss but learn something from it, better your trading skills.
ADEKOYA FAROUQ OMODOLAPO
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