I don’t know about you but I have always looked for ways to earn additional income so when I came across a course to learn to trade the forex markets I grabbed this opportunity with both hands.
If you are thinking about learning about the markets, learning to trade for yourself and to make some extra money (this could become your full time job) – AND you can do it from home, then see my 40 reasons below why you should learn to trade the forex markets.
Just a tip; don’t use money that you can’t afford to lose. If you don’t have extra money in your salary, then take some online surveys or start a blog to make money and then use that cash to start trading with so that neither you, nor your family will suffer.
1. Make money
You always need to be cautious when trading but you can definitely make some good money trading the forex markets. It can become your full time income.
2. You will learn new skills
With the way the world is evolving and with the technological age, there are new things you can learn every day without going back to school.
3. Did you know you could do this from home?
With the changes in technology, trading forex can now be done from home with your ordinary laptop without any special degrees.
4. Learn more about how the world actually works
Being a trader helps you understand the differences in strength of various economies around the world. It is interesting to see what makes one currency become stronger or weaker.
5. Make new friends
Everyone who trades has the same goal and that is to make money, and you will find that everyone tries to assist one another to achieve this goal.
6. Socialise in a different circle of people
You can meet people from all walks of life; dentists, teachers, policemen, crafters, kayak builders and yes….investors too.
7. You will learn something new every day
It could be anything from a new strategy, to a new indicator, to general ‘worldly’ information to completing a new course. There is always something new to learn.
8. Learn to control your emotions
Emotions are definitely the masters of disasters in forex trading – you will learn to get these under control or risk losing your money
9. Patience is a virtue
Patience is something which every forex trader needs to have – depending on your strategy you might have to wait days for price to reach your entry point. Entering sooner could cost you money.
10. Trading boosts your confidence
As you make money and realise that your decisions are correct, you will gain more self confidence.
11. Interesting topics for your next dinner party
Surprise people with your new skills and knowledge. You are very likely to find people interested in learning more about it.
12. You do not need a 3-year degree to learn to trade
For technical forex trading, it only takes you a couple of days to learn the basic skills needed to trade the forex markets
13. It doesn’t cost you a fortune to get started
Some people are under the impression that you need hundreds of thousands to trade – think of it as an investment in yourself when you train with a reputable company, and then you only need to fund your initial capital to start trading with.
14. Trading can get you out of debt
If you are trading to earn an additional income then you can put that money towards paying off debt.
15. Learn to trader, and respect your choices
Trading can become an adrenalin infused activity and you will have to learn to control these emotions – you want to protect the money that you have made. It does teach you responsibility and also how to respect money.
16. It takes you out of your comfort zone
When we are in our comfort zones for too long, we become complacent and possibly lazy. Do something different. Learn something new. Fire up your neurons. You never know what may come of it.
17. You can develop your own indicators
If you know are tech savvy, you can develop your own indicators
18. You will become a better thinker
Trading forex forces you to sit quietly, read and concentrate before taking a trade.
19. You can inspire others
Other people will see your success and you might just inspire someone to either do a course, become more responsible or get out of debt.
20. Take a gap year and learn to trade forex
If you don’t know what to study after school and are taking a gap year, consider learning to trade forex. Take the course and then spend the year practicing your skills. You will continue to trade for the rest of your life even if you do end up in another line of work. I am yet to meet someone who says, “No thanks, I would not like to earn any more money!”
21. You will always have an income stream
Forex trading is here to stay – countries have different currencies of differing values. When you learn how to trade, no-one can take that away from you. You can never get retrenched. You will never be without an income stream.
22. Practice makes perfect
Practice makes perfect. Bruce Lee said that the way to becoming a master is not by practicing 10 000 different kicks, but rather practicing the same kick 10 000 times.
23. It’s quite a rush when you make money
Need I say more??
24. Endless activity (5 days a week, 24 hours a day)
The forex markets are open globally 24 hours a day, 5 days a week.
You can trade at whatever time is suitable to you – 05h00, 10h00, 12h00 or for the night owls, even midnight!
26. You are in control!
You evaluate the market, you place the trade and you can close the trade whenever you want
27. You can literally do it anywhere!
On the beach, in your bed, on that ski slope in Switzerland – as long as you have internet access and the markets are open you are good to go!
28. Leave the 9-to-5 rat race
If you want to trade from your bed, do it. If you want to trade in your lunch hour, do it. If you want to trade from your hammock, do it. There is a way to trade that is suitable for everyone.
29. More family time
Trade when it suits you so that you can spend more time with your family doing the things that you want to do! What other job gives you that?
30. You are your own boss
If you don’t want to work, don’t. If you want to work mornings only, then do it. The choice is yours. Some people need a place of work to go to – alternatively get a bunch of traders together and meet up daily or weekly and trade together.
31. There is no physical labour involved
32. Pay it forward
You can earn extra money to assist your favourite charities or people who might need a helping hand.
33. Make money when the market is up OR down
You don’t have to hold thumbs that a stock’s value will increase in order for you to make money – when trading forex you can trade when the market goes up OR down and make money both ways!
34. Tools & techniques = a high success ratio
35. Practice on a free demo account
36. Enjoy a support network
Good forex training institutes will not leave you in the dark. Make sure that when you sign up you have a good support structure and that you are not left alone as the beginning can be quite exhilarating but also nerve-wracking. This stress will definitely be taken away if you have a group of trained and qualified people assisting you.
37. You will never be the ‘newbie’
It is becoming more widely known that trading forex can be done online and from the comfort of your own home. More and more people are learning to trade so you will always find someone who is as experienced or inexperienced as you are.
38. Lower fuel costs
You can trade from home so you don’t need to go anywhere to be able to trade.
39. You can do it in your pj’s!
You don’t have to dress up or do anything fancy because you can trade from home. How devine.
40. There are some pretty nice people who trade forex
You will meet people that you will probably never have met before. Step out of your comfort zone and engage in this new world.
If you have any other reasons why trading forex is a great idea, please leave in the comments section below!