Here Are 3 Factors That Motivate Many Currency Traders

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<h1>Here Are 3 Factors That Motivate Many Currency Traders</h1><strong> Author: <a href='http://www.articleseen.com/profile_James Woolley.aspx'>James Woolley</a></strong><br /><p>If you have been trading the currency markets for a while, you will know that not many people are able to make this their full time occupation because it is so hard to come up with a winning system that is consistently profitable. However some people are able to make it through sheer perseverance, so what are the factors that drive them on to success? Well the main motivational factor is of course the huge amounts of money that you can make. If you made just 2% of your capital per month, which is not an unrealistic goal, this could easily grow into a huge amount after a few years due to the effects of compounding. Of course this is easy to say on paper, but a lot harder in practice. However the beauty of this is that you don't need to start off with a large amount in order to make your fortune. There are plenty of examples of people who started off with just a few hundred dollars and turned it into a five or six figure sum over a number of years trading the markets. Another influencing factor relates to the lifestyle that forex trading offers. When you have built up a large amount of capital and are making decent amounts of money, you can become a self employed full time trader. Therefore you can work from the comfort of your home or travel abroad and work from your laptop, and still make money. Plus you can of course choose the hours you work, which is a rare luxury nowadays. Depending on the kind of system you use, you may be able to make consistent profits trading for just one or two hours a day, although even if you need to watch the markets for around eight hours a day, it's hardly a demanding job. The final driving factor is quite simply the challenge of beating the markets and becoming one of the select group of traders who has successfully conquered (and continues to conquer) the markets. Forex trading is far from easy, as many people have found to their cost, so it is undoubtedly a great challenge that many aspiring traders relish. So it is easy to see why a certain number of forex traders go on to become successful. They are usually highly motivated, totally driven, and ultimately want to be rewarded with big earnings and a nice lifestyle when they eventually succeed. Many people fall by the wayside, but the ones with the biggest drive and determination will often become profitable currency traders in the end.</p><strong>About the Author:</strong><br />Click here to learn how to <a rel="nofollow" href="http://forexprofiting.blogspot.com/2009/07/choosing-forex-trading-course.html">choose a forex course</a> and to learn how you can use <a rel="nofollow" href="http://forexprofiting.blogspot.com/2011/08/automated-forex-signals.html">automated forex trading signals</a> to successfully trade the currency markets.<p> Article Source: <a href='http://www.articleseen.com/Article_Here-Are-3-Factors-That-Motivate-Many-Currency-Traders_75396.aspx'> http://www.articleseen.com/Article_Here Are 3 Factors That Motivate Many Currency Traders_75396.aspx</a></p>

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Keywords : profitable forex trading, successful forex trading, forex trading, forex traders, forex, currency trading,

Category : Finance : Currency Trading