To trade forex or not to trade forex that is the question
You can’t live your life in fear of risks. That’s what I’m trying to tell myself. Yesterday I went through filling out an application to create an account to start trading with real money; but when I came to the end of the process I was taken to a page that warned of the risks associated with forex trading and classified me in the high risk category, probably on the basis of my lack of trading experience. The funny thing about experience is that there’s only one way to get it and that’s to experience whatever it is you lack experience in by doing it; so lack of experience trading is not a reason not to trade. You have to start somewhere; but I chickened out after reading the warning that based on the answers in my application I was deemed at a higher risk to incur loss trading forex. I suppose I’m just not confident enough yet, which makes sense considering I’ve just started trying to learn.
I am at a point in my life where I am completely fed up with my circumstances. I’m tired of being poor and never having the security of knowing the bills are going to get paid on time. I’ve been working for myself for 10 years and this last year has been pretty bad. I’m lucky to pull $1000 per month. My rent alone is $930 per month. Obviously my business is not doing well and I can’t continue to sit around hoping for miracles.
Forex trading is risky yes, and for someone who doesn’t know much about it, jumping in and risking money to trade is probably not a good idea; but do I want to not trade just because I’m afraid that things might not go according to plan? I am living a pretty high risk lifestyle already, never knowing where money is going to come from, if I’ll have enough to pay my bills. I take chances on my livelihood down to the last minute. Why not take a chance that could result in having money for a change? Because I could lose money?
It’s a difficult decision. Maybe it will become easier to make the decision as I get more comfortable trading and learn more about forex trading. I am already at home on my computer all day looking for places where it’s possible to make money using whatever skills I possess. If I can learn to trade on an intermediate level at least, then forex is as viable an option as anything else out there. There’s money there to be made, so why not? Not taking a chance because of fear only assures things will continue as they are; and I’ve had enough. And to anyone who would suggest, “well just go get a job”, I repeat as I have previously stated, I am not interested in using my time, my energy and my skills whatever they may be to help someone else afford life at the top while I struggle to get by at the bottom. And I will not apologize for feeling the way I do about that.
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