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Saturday, January 15, 2011

What do You Want from Forex Trading?

Becoming a successful trader is a great goal. By itself, it’s a rather meaningless goal if you don’t know what you want forex trading to do for you financially.
In the 90 day forex trading bootcamp, you’re going to learn how to trade profitably. But before you invest time getting good at forex trading online, I’d like you to ask yourself this question:

What Do I Really Want in Life?

It’s a valid question. It’s an easy question to avoid answering by just saying “I want to be rich” or “I want financial freedom.”
Even though I know you’re eager to learn more forex trading techniques (which are definitely covered on this blog & will be in the upcoming forex bootcamp), I’d like you to think about this and put your dreams of “forex glory” on hold for just a few minutes.

What’s the Point?

Making a lot of money is a great thing. We all need money to do what we want. But making money isn’t our true goal. What we really want is the freedom to do the things we want to do.
In fact, if there was a way for us to do everything we wanted without money, we wouldn’t really care about money!

Forex Trading is a Vehicle, Not a Destination

I LOVE forex trading because it’s one of the easiest ways to make money that I’ve ever learned. It’s great because if you can learn to make 100 pips a week, making $1 million will be as easy as making $100 once you grow into that level.
Forex trading is fun, but if it wasn’t an easy way to make money we’d all want to do other things instead.

The Million Dollar Question

I want to challenge you with a simple question. The question is easy, but the answer may not be easy.
Spend a few minutes and make a list of all the things you want to do with your life & all the things you’d like to have.
The only thing I don’t want you to put on the list is a dollar amount. $100 million is awesome, but what would you do with $100 million?
Spend a few minutes and write down the things you’d like to have & the stuff you’d like to do if you didn’t have to worry about money.  This can include tangible things like “my dream house”, “a certain car”, “a cool rare guitar”, or it can be intangible things like “more time with my family”, “the ability to travel”, “more time to think,” etc…
Be Specific. The more specific you make your list, the better this exercise will serve you.
Take the time to get clear about what you want. If you write this down, it will come in handy as I continue to share Forex Freedom with you :)
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