Even the skill ones dont last for a year as they always say 90% fail on this kind business. It may have lot of reasons but im gonna state 1 that hurt most. and that is availability of CASH to support stable cash flow in forex trading. Fund is always the problem
Start learning
you tend to invest for your studies which I was one of this, although you really dont need this coz everything can be found online but in order to save time, you invest in education. So you need FUNDS. (this is the scamming part of most of the people)
Start Trading
Newbie mistake, Others call it loose trade. As you are going to implement the things you learn eventually you found out that what you learn is not applicable in a certain market. and to identify market face cant be learn from things you have studied but only through experience. Although some are good at this but some are not.
Start For Longterm
now in this part its either you have gain or just break even. this are the longterm trade plan that involves your personality. As you are going to defeat your demon inside this will eat much of your funds and even some give up in this level.
OVERALL as you continue to be a trader eventually you will pass those stage. some are good at it but some are stock as they pass each level their funds are depleting. Situation will call for necessity and you have no choice but to abide or you will sacrifice much bigger.
Conclusion if we could have flowing of funds and we have develop our trading skills surely this could help you push and be part of the 10% that will continue to trade. The question is where we can get this fund?? with minimal or less out of pocket money.
the ANSWER will be MINING of Crypto currencies
Before you pull out your negativity hear this idea first. If you could find a way to mine and what ever you minc you could make it grow faster by trading. will you need large amount of money to start forex trading?? NO....
Yes, i know it will take time however look at the bright side you dont spend a peso but just a regular electric consumption, internet bill and your computer. Since you have been learning or spending much time online then why not use it to mine in such a way it will give profit for you.
Through this you could develop your skill with less loose trade. observe the market and learn from experience. We all know trading with live than demo is really different. See in cryptocurrencies they also have trading system which what you learn on forex strategies can be applied to cryptocurrencies trading.
so the concept is simple if you dont want to spend Money to start forex trading then here is what you are going to do
- Learn to Mine cyptocurrencies (zcash is the current profitable currency)
- If you have enough then use your skill in trade to double your cryptocurrencies (in your wallet they have the option there like forex when to buy when to sell and as to how much you are going to sell or buy
- if you have enough BTC or anyother coins you could encash or directly send to forex broker that accept bitcoin payment. from there you could engage in Forex Trading
Important - this is an idea yet, which I am currently doing Im still learning to mine efficiently. soon i have result im gonna post it here for you to see the flow. Frankly if i knew this earlier i should have mine and mine until i gather funds. since i spend most of the time in front of the computer and often times i dont turn it of then its better to earn from it. while doing my daily studies.
Since im also new on this if you continue to visit my blog im sure im going to make videos about this as to how and what to do but for now let me first try it para pag kayo sumubok pantsado na.