If you’re ready to become a consistent and profitable Forex trader, Dr. Jason has compiled a list of questions to ask yourself on this Forex Warrior episode, Quit Playing Games and Lying to Yourself.
Why Are You Here?
First, you should ask yourself why are you here and why are you listening to this podcast. You might be here to learn or to get rich starting out with little money. Maybe you’re here to learn Forex trading to manage other people’s money. You might answer you are here to start it as a hobby and maybe grow it into a part-time income.
“With a thousand dollars in a Forex account, the world is really yours.” – Dr. Jason Gospodarek on Forex vs. Stock market trading
Are you here with a pure goal of making a certain percentage gain every month or every year. Some people might answer because they are sick of their current job. Those are questions you should be asking yourself.
What’s Your Current Income Flow?
Are you here because your current job can’t be scaled two-times, five-times, ten-times or more? Even if you’re making a good income, you might realize that what you are currently doing is a dead end. What happens to your income at your current job or business if you just stop showing up?
If you want to take an extended vacation of a month or more? Where does the money come from? Does it continue to flow? Can you access it or grow your income while you’re not at the job.
Some folks might be here because the entry into the Forex market is much less than entry into the stock market. Because of the leverage in the Forex market you are able to control larger lot sizes and larger trade results with a smaller amount of capital.
To hear the rest of the important questions to ask yourself about the Forex market, download and listen to Quit Playing Games and Lying to Yourself!
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