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Luke 6:38 - give, and it shall be given unto you... AGAPE.com is visited: |
Trade for a Living "Choose a job you
love and you will never have to work a day of your life." When we wake up in the morning, we have
two simple choices. Now, imagine this... You wake up each morning to get ready for:
This is the typical routine of a wage
earner.
What if you can decide:
This is the lifestyle of a passive
income earner. Trading is, without doubt, the very
best lifestyle that anyone can imagine.
Is it possible to trade for a
living? Trading profitably for a living is even harder because you will be up against the professionals who are already making a wonderful living from the markets. The Good News is that profitable traders are not born but made as demonstrated by the famous Turtle Traders experiment and that trading ideas can be programmed to do all the hard works for you. Trading was more teachable than I ever imagined. Even though I was the only one who thought it was teachable... it was teachable beyond my widest imagination. - Richard Dennis. If you are new to trading, you need to be aware of marketing hypes and unrealistic promises from some self-proclaimed gurus who would have you believed that you can retire rich within months by attending their 2-3 days of training. I should know better, because I have spent thousands of dollars personally on
trading courses which I didn't find value for the money! On second thought, why would some of these gurus waste time teaching when they can make
more money trading, unless it is the other way around? I gained more by investing my time at the libraries, the internet
especially the forums, and the studying of charts.
Manual Trading: We can never eliminate risks in trading. The best we can do is to minimize them. Guessing
what will happen is gambling. Responding to what has happened is to play safe! If we want to be successful
traders, then we have to be
ruled by our heads and not by our hearts. You
don't have to be good to get started. Here is a news report of how ordinary folks have succeeded
in the Forex market: If you are new to trading, I strongly recommend that you
learn as much as you can about technical analysis and chart patterns.
Fortunately
with brokers offering Forex Micro lot trading, it is easy to begin live trading
with a couple of hundred dollars and risking as low as 10 cents per pip
movement. The truth is that anyone can
learn to make money from Forex Trading
as long as he/she
can stay disciplined with a
I know of newbies who have become
profitable within a few months of their live trading. Profitable trading is not just about making the right entries but the guts to exit unhesitatingly when your entries were wrong and the patience to ride the trend for as long as possible when the prices move in your favor. But few traders have the discipline
to stick to their trading plans to become consistently profitable. As a manual trader, you are no
different from any wage earner.
Automated Trading: The thought of buying an EA to overcome the problems of
manual trading was appealing if not for the fact that most of these trading
robots that are being sold online are known to be more marketing hypes than
substance. Fortunately for me, the experience I had gained from creating my Arbulator software as an aid to sports arbitrage trading spurred me to translate my Forex trading rules into Expert Advisors or EAs for short for automated trading. The challenging process of conceiving, developing and testing my EAs on demo accounts over several months before trading live, have enriched me tremendously in furthering my understanding of my own personality and the intricacies of profitable trading. Please
click
There are limits to what we can do with commercial EAs because the markets are dynamic and require the developers and the traders to adapt to the changes quickly to remain profitable. Hence, the best automated trading systems are the ones that we can call our own. If you are already an active trader, the smarter way to trade is to automate your trading by converting your profitable trading rules into trading robots or EAs. As an automated trader, you will get to enjoy passive income from your automated trading instead of deriving active income from your manual trades. In summary, the 6 advantages and benefits of an automated trading system are:
Passive
Earning: Unless we have a well paying job and the discipline to save for years we will probably not have accumulated enough assets like properties which can be rented out for passive income. So what can the majority of us do to prepare for our retrenchments and retirements?
If so, here is an outstanding passive income opportunity for anyone of you to seize right away... It is not only
the simplest way to
The
If I can do it, so can you.
When you have opened an account at
The end of labor is to gain leisure. - Aristotle. DISCLAIMER : The contents of this and related websites/webpages are for information only and should not be used as a basis for making any specific trading decision. |
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