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Make Money Work Harder

My Two Months Personal Experience With Forex Trading As A Beginner

In the last two months of 2011, I took on a personal adventure to take on a new Investment Tool – Forex Trading. I started out with a US$100 mini-account from the start and at the end of the two months stint, I ended with only $4 and decided that it should be the end of my Forex Trading journey till the date I mastered what’s necessary to really make the money work harder with this tool…

But meanwhile, if you do have intentions to take on this Investment Tool and you are also starting off like a Beginner… maybe I can personally share my experience and what you can expect (if you are going serious on this)…

Can You Make Money With Forex Trading

The answer is definitely yes! And if you are really experienced with it, you can make money during the Good Times and Bad Times regardless on the economic conditions – though this still play a part in influencing the movement of a particular currency.

Despite the fact that you can really make money with it, the other side (= losing money) will still apply to anybody if you are not careful and when you trade without any considerations.

And as compared to other investment tools like Investing with Stocks or Property, you can see Profits (and even) Losses in a matter of hours or even minutes (of which I have seen traders making a quick 100% profit gain in 2 minutes – and this is the effect of doing their homework and timing the market well).

What You Need To Take Note When You Are Trading As A Beginner (From My Point Of View)

1. Read The News And Understand The Market. In Forex Trading, understanding the news will help you to become a Better Trader. And if you can take a piece of news and decipher what it means to a particular currency, for e.g. the news you just hear is sort of negative for a particular currency and thus will people think that it’ more profitable to exchange that currency to hold onto others, etc. If you can relate this well, I believe you are off to a good start being a Forex Trader.

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Work Towards A 4-Hour Lifestyle By Learning From Tim Ferriss

Have you heard about Tim Ferriss and his 4-Hour book series – The 4-Hour Workweek (this book is on better managing your life with the least efforts) and The 4-Hour Body (this book is on how to have a healthy body with the most effective methods)?

He has been one person that I have been following closely on areas of improving my lifestyle and because I have learned some much from him, I would like to share a little about him and his works in this blog post.

If you have not came across this person and his works but have been looking for means and ways to improve your life and your body, Tim Ferriss is one good person (and his works) to start learning from…

Why Learn From Tim Ferriss

Most of us are overworked employees who are working hard (in our own desired ways) to make our money work harder so that we can have a sustainable lifestyle for now and for the future.

Though most people may be contented with this kind of lifestyle, some of us wish that we can find a way out… to escape the dreaded rat race, get to enjoy 5- or even 6- figure annual income without having to really work that hard for it or even just being able to live a joyous life and at the same time the luxury to work less…

It may seems that these wishes may be hard to come by… but Tim Ferriss has successfully done so and which you can read more on how he did it and what you can do about it in his 4-Hour Workweek book (highly recommended).

A Better Lifestyle And A Healthier Body

Read More »Work Towards A 4-Hour Lifestyle By Learning From Tim Ferriss