Would you think it would be reasonable for every rookie that gets in to online trading to just expect to become a millionaire? Of course not! Most people actually fail in trading, and that is not because they are unlucky, or that they just don’t have that “trading-gene” inside them. The answer is simple, they fail because they don’t want it bad enough, and they’re too lazy to do what they need to do in order to succeed. When you think of it, all people say that they want to be successful in whatever it is that they are involved with, but is that actually true? I don’t think so. Sure, they say they do, and they probably believe it to some degree, but I think most people would much rather be comfortable than successful.
It’s no secret that in order to get successful, you will need to put in a lot of hard work and dedication to become better than others, and often you have to do so for a long period of time before any reward comes your way. I always recommend reading guides on sites like forextrading.pm which is a trading portal with a lot of good information. But most people don’t want to work hard at all. You tell yourself that your job isn’t so bad, so why would you go for a new job, which might be much more close to your dream job, when it means that you have to prepare for an interview, meet and get to know new colleagues and so on. No no, it’s much nicer to just sit in front of the TV and watch movies.
Just like above a lot of traders act. They start trading after reading about it online, having heard about the massive profits that are available, and just expect to start making huge profits straight away. It’s true, the potential profits in forex trading are huge, but you won’t get them just by asking for it. You will have to put in the time and the effort and work for your money. Do you think that the most successful traders in the world make millions by spending an hour a day at their computers? Well, think again. They spend hours every day gathering knowledge by reading financial papers and articles at trading centrals. The most successful traders often dedicate their whole life to trading, and they set aside their free time and, in some cases, even their families.
So what you need to ask yourself is this: How bad do you want to be successful in trading? What are you prepared to do in order to achieve the level of success you want? When you hve set up a set of goals that you want to achieve you need to realistically work out how much effort you will have to put in, in order to actually achieve them.