Did you know that most rich people haven’t become rich by working hard? No, the rich have become rich by working smart! The expression “work smarter not harder” is certainly applicable. But how can you become rich without any effort?
Is working for a boss a smart thing to do?
A lot of people are raised with the idea that getting a degree and then a job leads to riches and a happy life. But is this the truth? Who goes to work happy on Monday? Is it really fun to do exactly as the boss says? Is it fun to go on holiday only when the boss gives you permission?
I don’t know what your answers to these questions are, but I know mine! A lot of people hang on to their job because this gives them a feeling of certainty. But how much certainty do you really have? How long would you survive without your job? Make no mistake, as an employee you’re replaceable and in this economy the chances of getting fired are real.
Certainty by uncertainty
Surprisingly, you can find more certainty in the things we usually consider to be uncertain. One way a lot of people become rich is through online Forex trading. You trade in currency pairs and make money by buying and selling pairs at the right time. A lot of people think this is too risky, because it is possible that you lose money...
There are a lot of people who make a nice amount of money by trading in Forex. Why should it be limited to them? Eventually it all boils down to mindset. We’re raised with the idea that we can’t lose.
Losing as a skill
If you really want to become rich without any effort, you need to learn how to lose. The ability to lose is the strongest quality of a Forex trader. A lot of people fail at trading in Forex because they keep a losing position open too long (“I am afraid to close at a loss, maybe the price will go up”) and close profitable positions too fast (“I have to take my profit now in case the price goes back down.”).
To become successful you need to do the exact opposite. Losing positions should be closed quickly and profitable positions should be kept open until the course of the market has clearly shifted. By using this strategy, I can guarantee you that you will become a successful Forex trader. You will learn the technical skills as you go.
Start trading with Plus500
Do you want to start trading as well? Then it’s time to take that step towards financial independence! To make it easier for you to get started, we have a promotional offer for you in collaboration with broker Plus500. Try out trading for with a free demo of 40.000 pounds so you can learn the ropes of the platform and trading in general.
Start practicing today and perhaps you will learn what the rich already know: You have to be able to lose to win.