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Forex Education | Why Trade Forex?

My first encounter with Forex Trading was in 2008 while studying for a university degree in Political Science. I gained little enjoyment of the discipline. A Political Science degree was a practical choice but it did not fuel my passion or zeal to pursue a career in the field. 
I began the degree around the time when the internet was beginning to brim with 'great' get rich fast schemes that required little investment for an individual. As a student, I was on a restricted budget. Consequently, I felt compelled to explore online and offline courses offering guidance on earning money through the web part-time.
A majority of the courses comprised of the so called ‘wonder’; Forex Trading. In the summer of 2009 I decided to enroll into a paid course geared towards giving me the skills to become a successful trader. After months of intensive training I took a test. The results, theoretically, should have determined to examiners if I was a competent trader. 
I failed the exam, however in hindsight the conditions imposed were too challenging even for the most experienced trader. At the end of the test I questioned whether it was feasible to invest into learning more about forex and advance to becoming a professional trader. I followed gut instinct and searched for opportunities to broaden my knowledge.  
A year into trading, I was hired at a forex brokerage as an Intern and excelled to a Junior Sales position. Within a year I was promoted to Junior Analyst and soon after a Technical Analyst.  The progression of my career has helped me identify all the advantages of becoming a trader. 
In the following pages I will give you three key benefits of becoming a trader, but there are at least a dozen more.

Earn extra income from trading

My main reasons were and still remain the same; trading can supplement your income in a short period of time. Trading the right way, without assuming high risk and on a part-time basis, can bring in an extra 5% income per month. For some it may seem too little. Allocating four hours or less a day with minimal risk can make you 60% per year. 
I will elaborate more on money management and the strategies to avert risk in the following chapters. Banks today offer a 60% or 15% or 10% interest rate per year. Even big investment funds struggle to earn this profit every year. Most active investment funds, targeting low risk instruments, can make an estimate of 10 to 15% per annum. Top rated funds can make profits of approximately 30%, while a few often reach above 50%. Consequently, they have to assume high risk to generate this type of profit.
Earning 5% a month is effortless for a full time professional trader. Nevertheless, for an experienced individual with a good trading strategy, 5% a month is not much at all. Professional traders usually aim to make between 15% and 30% a month depending on their risk appetite. 
Let’s do the math. 10% profit per month would bring around 120% profit per year, from your initial investment. For $1000 dollar deposit into a trading account, the gross profit could be $1200. Imagine earning 15% or more per month in addition to your income. Applying a good money management strategy to these revenues makes becoming a trader worthwhile.

Money Management

Would you believe me if I told you; there are individuals who are willing to invest in you? 
If you become a successful professional trader with an exceptional track history you will fast receive offers to manage the money of investors interested in forex. Money management is a highly sought out skill valued by investors. 
There are wealthy individuals who understand the potential of the forex industry, but do not possess the time to learn trading skills. For this reason they are searching professional traders to trade on their behalf. Investors are seeking to deposit their money into investment funds, private pensions and private money managers. Due to the recession and financial crisis of 2008 the real estate market, financial markets and other investment opportunities have faced a sharp decline in value.
A Money Manager is a full-time trader with great skills and well trained in both emotional and psychological management.  Money managers usually trade large amounts of money.  Therefore, they cannot afford the luxury of becoming emotionally invested in the trading process. A manager needs to be highly motivated if they intend to build an exceptional portfolio in order to gain more investment. At first glance it may sound appealing, but money management is not for everyone.
A trader is capable of making a profit in any given economic situation. The hike or decline of conditions bears little consequence. A trader can speculate on both directions, up or down. This is also an attraction of becoming a Money Manager. There are numerous opportunities to make money in any given circumstance as long as you are skilled in the profession.
I was money manager for a brief time and found it to be an enjoyable experience. Becoming a money manager jump started my desire to run my own business and consequently brought me the capital I needed to trade for myself.  

Make your own business

My parents are hardworking individuals. They have devoted their entire lives and financial investment to providing for every need I had so as to give me a better life.  They are highly skilled employees paid well under their value. At one point my mother worked nine or ten hours a day, but earned the minimum state imposed salary. My father made a little more because worked in a different sector, but his salary was marginally higher. 
My parents were forced to seek employment abroad where they earned more to afford provision for my university tuition fees and accommodation in the capital city. Their combined salary was enough to pay my tuition and daily essentials. 
As a child, I did not have access to the frivolous or cool things children of wealthier parents did. My father worked abroad for more than five years and when the conditions worsened he returned home. However, my mother had few options to supplement our household income as a result, she had to leave and work abroad. 
I have always appreciated the struggles they endured for my education. They sacrificed their happiness and time together to ensure that I have a better quality of life. What I failed to comprehend was why they did not choose to become entrepreneurial or start their own. 
They are highly qualified in their respective fields. However, I had certainty they could increase their earnings if they led their own businesses. Upon asking them why they've never invested in a business of their own, their response was quite typical. 
Like most people who have some unique ideas, but they were too afraid of failure or assuming the risk of the required investment. Being risk averse to improve the quality of their lives was a stronghold they could not lift. Over the years they worked laboriously for less money than they deserved. Their fear inspired me to set an objective to run my own business. 
 
I desired to be paid for the amount of time and work I invested in any given project. Upon graduation, I was hired at the Romanian branch of one of Europe’s biggest brokerage houses. I gained experience in trading and everything else related to the industry. Six months into the job I was conducting webinars, after almost a year I was leading two hour workshops.  Progressively, I began to hold seminars with hundreds of attendees. Although I enjoyed working with this particular brokerage and I outgrew my capacity there.
I never lost foresight of my dream to run my own business and work for my own money. After three years, the company underwent a restructure.  Half of the branch's employees were fired. I was one of those who had to leave. I was frustrated by virtue of the fact that I was one of their best assets and longest standing in the company at that time.
I soon realized that this was an opportunity to begin something of my own. I put into practice all that I learned and began trading again for myself. Soon enough, I became money manager and coach for those interested in learning to trade. I continued to work with the company as an educational partner. 
I conducted in depth analysis and educational events for clients of the company. After half of year of losing my job, I realized this was the best thing that could have happened in my professional career. On my own I managed to increase my net income five times in just one year by virtue of doing the things I love, trading and analysis of the Forex Market.
It is a rewarding experience to combine the knowledge and skills I gained to earn wealth daily from the market. Imagine yourself waking up each morning to drinking your coffee and trading on a laptop or any other device, wherever you are in the world. The feeling is liberating.
In this business, you are solely responsible for your actions. Therefore discipline is a must. You will have to manage the risks and do whatever it takes to bring out the profit from the market. It can be deemed a personal business if you trade your own money. Nonetheless, it can grow if you become a money manager and gain investment from individuals in your advanced skills.  Moreover, the business can expand even further. You can sell trading signals or create advanced expert advisers, you can create a trading group with others who are just like you. Believe me when I tell you the possibilities are boundless. You can even teach others to trade and earn a living from that profession.
As discussed, I have put across a strong argument to the question; ‘Why become a trader?’. I invite you, as I said before, to do the same thing. After reading this book you will be equipped with the knowledge to start trading. As a result, you will be able to utilize a range of tools and skills on your journey to becoming a professional trader.