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It was in the summer of 1999 that a lineage advert in the bizops part of the sunday times attracted my attention. "Earn £5k or more per month trading the financial currency markets". At the time I was really pissed off with my permanent job in telecommunications and I was looking for a change. Ideally I wanted employment that paid more but gave me the time to do my own thing. The currency ad was intriguing, so I gave the person a ring. He talked for over half an hour listing out the advantages of speculating in currencies and was prepared to give me a 2 day seminar that would have me trading professionally in no time. The course cost eight thousand pounds but he could help me get a career loan that would cover the fees and I would not have to start paying back until well after the course had finished. Little did I know that I had just entered the conman infested world of the forex trading seminars, courses and signal services. 8 years later, after spending many thousands on courses, ebooks, seminars, books, signal services I have tried a lot of what is out there and believe me 99% is utter crap! One thing noone tells you is that psychology is the most important part of trading and to develop that psychology from scratch can take anything from 2 to 8 years or more! And that most, not all, but most of these gurus who write books, sell courses and signals do not trade themsleves! Because if they did they would blow their accounts! So canan income be made from currency trading? You bet it can!! Being a small trader has many advantages over normal employment:- No premises required - trade from your home Trade from anywhere - all you need is the internet. No fixed times - work whenever you want, if you want No employees - no need to employ anyone Little invesment - Apart from your learning costs!!! Little ongoing costs - normally just internet and datafeed Large income - yes an income as large as made by top executines is possible! I better mention that the learning curve can be hard and full of emotional highs and lows, not to mention the occasional decimation of your trading account. I have travelled the road as have countless others and have experienced everything, form con brokers to con experts and systems. For a number of years now I have owned a website called www.trading-for-a-living.com that brings to peoples attention things that are working for me. That doesn't necessarily mean they will work for you too, however, if they work for me they will work for the majority of people out there. My old age has made me less of a go getter and more inclined to want to lie on the beach, so my search for the last couple of years has been looking for trading systems that require very little mental effort and time. I'm pleased to say that I have found them and will shortly be submitting an article on autotrade sytems. In the meantime if you are considering going on a course or subscribing to a newsletter or signals service I would be pleased to give my opinion, just send me a note to info@trading-for-a-living.com T.Syed www.trading-for-a-living.com
Article Source: http://www.rightarticle.com
Tariq Syed is a currency trading researcher and analyst. He currently edits and owns the web site www.trading-for-a-living.com
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