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Elon’s Patient Forex Strategy
Written by: PaxForex analytics dept - Friday, 19 October 2018 0 comments
In today’s information age a lot of people adopted a get-rich quick mentality. Regardless of how often they have been warned that the only thing that will happen to them quick is a total loss of money, time and maybe even hope for a better future. In a growing number of cases this has even led to depressions, mood changes and other adverse effects. This is not a laughing matter as it can also drive away your loved ones and really ruin your life. Looking at most rich individuals, keep in mind that it took time to amass fortunes.
Then Bitcoin arrived and opened the flood gates to cryptocurrencies. Today there are over 1,000 different cryptocurrencies with many more being added. The ICO market, which stands for initial coin offering, has slowed down a lot amid clampdowns by regulators across the globe. Many who chased to duplicate what happened with Bitcoin got burned heavily. Cryptocurrencies saw their bubble burst this year and remain under pressure. It was great for early visionaries, but once the world knows about something it is too late to recreate.
Many have been sucked into Ponzi schemes, Pyramid schemes, MML schemes or HYIP schemes. All because they favored a get-rich mentality. I can only join the chorus of those warning to not follow this nonsense of making money fast. It doesn’t work, as a matter of fact it has the opposite effect. You need to be patient, have a strategy and execute. Those who will drop the get-rich-quick mentality and substitute it with the right approach will succeed.
I understand the frustration of not having the life you want right now because you lack the money. That’s why so many get fooled into taking steps which are counter=productive. Scammers feed of the desire of those people as it is easy to trick them out of money. So please take a moment and think about those offers, and soon you will realize that it makes no sense. It is all a marketing gimmick, if it would actually work there would be a lot of wealthy people on this planet and you would not struggle.
The forex market offers a true possibility to earn the lifestyle you want. It offers individuals the potentially best way to achieve their desire to improve their lifestyle. It doesn’t even have to be complicated. As the saying “It is simple, but not
easy.” goes, you don’t have to reinvent the wheel. My approach to forex trading is very simple, but the execution is not always easy. I have struggled in the beginning, especially as I started to earn money every month. This may sound surprising, but let me explain you why.
I started my first forex trading account with only $2,000. I took me a few weeks to find the right forex broker. I settled on PaxForex because they offered me what I was looking for. I needed a broker I can build a trusting relationship with. This takes time, but their customer support was very friendly and professional and I was never pressured into making a deposit. They understood that traders move at their own pace and PaxForex has been there from the beginning to support my growth on my time.
I did opt to take the 100% deposit bonus which boosted my account to $4,000. I did this because I was not looking to make withdrawals fast. I knew I needed to build my account balance to at least $25,000 before even thinking of making monthly withdrawals. Trust me, this takes time. Many forex traders make only one deposit, which is OK but not great. Those who are really interested in creating a strong portfolio should make monthly deposits and treat your forex account like your rent bill payments. This doesn’t only speed up your process, but creates a much more disciplined traders.
Here is the very simple part of my forex strategy. Instead of spending my time learning how to trade, I invested my time back-testing the trading signals which I get right here at PaxForex. They offer daily fundamental as well as technical signals from their expert analysts. Now I know how many claim that you need to learn yourself, but I rather learn to trust professionals. It is the same with going to a doctor, you won’t study how to become one but rather try to find one you can trust. I learned to trust the signals and the service I get from PaxForex and can only recommend that you do the same. I have been growing my account slowly and by this Christmas I believe I will reach my $25,000 target. Be patient, be disciplined and be a PaxForex client.