Thursday, September 17, 2009

How to Make Money Consistently Investing All by Yourself by Alex Cadens

One of the reasons I am writing this article, is because it always strikes me to see how so many people struggle to achieve a decent return on their investment, something that often leads them to give up the goal of making real money with their money.

From those who have been victimized by scammers like Madoff to those who simply settle for a bank CD and a 2% annual interest rate, all these folks have in common one thing: they have not seriously explored the idea of becoming investors themselves.

Sure it is scary to take on the stock or the forex market if you have no idea what to do in order to make money, because after all, you are not playing Monopoly, you are putting your hard earned money at stake.

However, does this mean that you should stay on the sidelines?

The answer is a resounding no, but it is also true that you should never jump into an investment without the necessary preparation, because investing always involves a risk and that preparation is precisely what will enable you to effectively avoid and manage that risk for a profitable outcome.

Investing is an art that does not require for you to be particularly gifted nor it demands that you have a PHD in finances, however, you are required to have a basic understanding of how the markets work and behave, and you must have a plan, an investment plan.

Education and tools will provide you with the understanding and the plan. Indeed, proper education and reliable investing tools can quickly put you in the position to take a small amount of money and grow it into something meaningful, but you have to be patient, disciplined and committed.

If you follow these principles and take this seriously, I assure you, you will become a successful investor and you will never have to surrender your money to a third party in order to pursue high returns on your investment.

Therefore, learn how to use some trading tools, get your hands on some good trading education, take your time to understand the markets and test different strategies on paper money until you feel you have achieved the consistency to put real money at work.

No comments:

Post a Comment