Building Wealth – Use This Tool Build Wealth and Make Money Fast
- Author Kelly Price
- Published August 14, 2007
- Word count 544
Here we are going to look at a specific way for anyone can use to make money fast and start with small amounts. This is article will give you a step by step guide anyone can use to build wealth, if they are prepared to learn and apply the knowledge.
The tool to use is leverage.
Let’s assume you have some capital $5.000 and you open a trading account with it and you can immediately leverage it up to $1 million dollars. Can anyone do this?
The answer is yes!
By opening an account to trade currencies. You may say I know nothing about trading currencies and its hard and risky, well consider this fact.
Anyone can learn to trade currencies and this example will demonstrate the potential.
The turtles
You have probably never heard of them but in the eighties in a famous experiment legendary trader took 23 traders from all walks of life and taught them to trade financial markets in just 14 days - he then allowed them to trade.
The result?
They made over $100 million dollars for Dennis and the turtles went on to become some of the most famous traders of all time.
How did they do it?
Dennis taught them a simple method they could have confidence in, a money management system to run profits and cut losses and the discipline to follow the system.
You can read more about the experiment in Market Wizards Jack Shwager (edit) and The Way of the Turtle by Curtis Faith.
Is it easy to do then?
The answer is yes and no - it depends on your mindset.
If you have the desire to make money and learn you can succeed.
Nothing in life is easy, when it comes to making money but there is a difference between something being easy and something being achievable.
Becoming a successful currency trader can be achieved by anyone, you may not become as rich as the turtles - life is simply not like that but you can make a lot of money.
Handling leverage is the key and putting it to your advantage. Leverage is a double edged sword it gives you big profit potential but where there are big rewards there is risk, so you must learn to cut losses and run profits and you can do this if you have a specific plan.
Getting started
All the information you need to trade currencies via technical analysis is available on the web and you can learn and practice a system before risking money in a real time demo account
All you need to trade currencies is a desire to learn and apply what you have learned with discipline.
Anyone has the potential what separates out the successful traders is desire a willingness to learn the RIGHT knowledge and the discipline to apply it for long term success.
The Opportunity Awaits You
Trading global currencies is one of the few ways for trader’s to start with small stakes and get rich and it’s the frontier of the free market economy.
Anyone has the potential the challenge is do you want to realize your potential?
If the answer is yes - then look at this opportunity in more detail and you may be glad you did.
GRAB 3 X FREE TRADER & FREE TRADER PROFITS NEWSLETTER
More on becoming a profitable trader some critical FREE Trader PDF's and more FREE Forex Education visit our website at http://www.net-planet.org/index.html
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Understanding Cocaine: Effects, Risks, and Treatment Options Introduction
- 3 Great Passive Income Ideas for New Moms and Dads in 2024
- Avrex IO Redefines Real Estate Investment with Innovative Tokenized Ownership Approach
- Panama City's Real Estate Market: Top Neighborhoods for Investment
- Investing in a Condo or Villa in Pattaya, Thailand
- Tabania Group Rings in the New Year with a Powerhouse of Financial Services, Unveiling a Comprehensive Suite for the Digital Age
- To What Extent Has Economic Growth Improved Quality of Life?
- How to Manifest Wealth in Your Life
- Unlocking the Potential: Making Money Online with Your Phone”
- Blue economy of the world
- This Financial “FORMula” Will Help You Plan Around What Matters Most
- Losing a Parent: A Checklist and Timeline of the Financial Aspects to Address
- How to Avoid Lifestyle Creep: Try this 50/50 Rule for Saving & Spending
- (Money) Date Night: Why You Need One and 5 Topics to Discuss
- Private Placement Life Insurance (PPLI) in Offshore Trust More Useful Than Ever
- Indexed Insurance Policies Hedge against Inflation
- Should You Invest Abroad? A Complete Guide to Buying Investment Properties in Thailand
- What Are Your Retirement Planning Options?
- Daily Income Opportunity With U-Farm
- Building a Comfortable Retirement: Tips and Strategies for Investing in Your Future.
- Revocable Living Dynasty Trust (RLDT)
- Key Retirement & Estate Planning Tools
- Captive Insurance -- Details
- INDEXED UNIVERSAL LIFE INSURANCE (IUL) ADAPTS TO INFLATION AND HIGH INTEREST RATES
- GRANTOR ACCESS TO IRREVOCABLE TRUSTS -- EASE THE STRESS OF COMPLETED GIFTS
- CASH BALANCE PLUS PLAN
- Tax-Free Income Making More Sense in Global Financial Crisis
- Dynasty Trusts Guard Personal Autonomy in Hierarchic Society
- Captive Insurance Company, CIC -- Reduce Taxes and Build Wealth
- What is an RESP?