Trade like a pro part-time

Trade like a pro part-time
August 13, 2020 Market Traders Institute

If you’re like most people, you spend a lot of time and mental and emotional energy doing the things that make you money. Maybe it’s your job or maybe it’s a business you own. Whatever it is, you know you need to focus your time and energy there because you are not yet independently wealthy and you don’t have enough money yet to retire.

What most people don’t really consider as they race through each day trying to make (and keep) as much money as they can, is that it’s impossible for most people to save their way to retirement. We just don’t make enough in our lifetimes to be able to save enough to retire comfortably.  

Combine that with unexpected expenses which strain budgets and the economic pressures of potential job loss, company failure, economic downturn or loss of physical ability to work and it’s no wonder why people feel such constant stress about their finances throughout their lives.

There is a better way. That better way is making an initial investment of time and energy to learn how to trade for yourself. Yes, there is an initial barrier to entry which keeps many people from making this choice. Those few who decided to do things now that most people won’t do, end up with a lifestyle in retirement that most people will never have. Let’s face it, making the easy choice to put financial advisors in charge of our retirement is why the average American retires with just $175,000.  

5 Beginner Trading Mistakes Ebook

If you want to know you can retire and if you want to maintain your current lifestyle without worrying that you’ll run out of money before you run out of life; then putting your money to work harder is the only way. And the biggest, most liquid market in the world (and also open 24 hours a day, 5 days a week) is the Forex market. It also happens to be a market that moves around and gives even small accounts a chance to make big profits quickly.

Below is a 1 hour period chart of the EUR/USD showing just how much money can be made very quickly in Forex. 

This trade took just over 2 hours of time and made 59.1 pips or 591%. A standard lot is 100,000 units of base currency. Depending on the broker and the margin requirements of the account, a standard lot trade could be entered for just $1,000. A 59.1 pip move on a standard lot sized trade represents $10 per pip * 59.1 pips made = $591 profit…with a $1,000 account.  

You don’t have to be a math genius or trading prodigy to make this happen for you. All it takes is a willingness to learn, a determination to actually do it and the emotional wherewithal to follow your successful system consistently.  

We all need to make money…but if we ever want to retire comfortably, we need to put our money to work harder than any Financial Advisor ever will. Retirement isn’t a matter of age…it’s actually a time when you can stop working because your money works hard enough.  

It can be scary and intimidating to start this process…especially when markets become highly volatile. But volatility is actually helpful to growing an account once you have a trade plan and consistently work that plan. Your trade plan gives you an expectation which helps you approach any market with confidence for profits. 



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