The next question now is just what to do with this money that suddenly appeared in your bank account.
Why not be smart with your tax refund this year and invest it into something that can grow and create real wealth for you and your family, potentially for years to come? Wise investing in your own knowledge is never wasted money, and it can pay you back in ways you never even thought of.
Put yourself in control
By learning to trade currencies in the global foreign exchange market, you are effectively putting yourself back in control of your future financial wellbeing. Once you have learned the art of trading, you will have acquired knowledge that stays with you no matter what may happen down the road in your life – knowledge that no one can ever take away from you. Trading in the forex market is simple, fun and rewarding for those who know the right tools and techniques to utilise.
Many people don’t know that trading in the forex market is a skill that can be learned by anyone who is willing to put in the effort. You don’t need to be a math genius or have a fancy university degree in order to learn the basic techniques used to profit from this market. Another great thing about it is that once you’ve learned it, you can put it to use any time you need an opportunity to generate an extra income stream for yourself and your family.
The forex market has unique benefits
Unlike in the stock market where you make money only when the market is going up, forex traders can learn to make money in virtually any market environment.
A key thing that separates the forex market from other financial markets such as the stock market, is the very small amount of initial capital that is required in order to start making money. At Learn to Trade, we teach our students how they can make safe use of leverage, which is essentially a way to boost your buying power (and profit potential) in the market, even with just a small amount of paid-up capital.
By taking advantage of the opportunities that leverage offers, combined with the risk management strategies we teach, we ensure that our traders never risk more than 2 per cent of their trading capital on any one trade. This way, forex trading becomes fun, safe and potentially very profitable even for ordinary people who don’t have any background in finance!
Adam Truelove is trading floor manager Australia at Learn to Trade.