Forex Signals

Controlling Your Forex Investment

Even though investing can be fun and exhilarating the young investor must understand that there are some very basic rules that need to be followed. Making money can be extremely fun, but loosing money can sometimes set you back in life several years, not allowing you to be able to invest any more. Let’s take a look at one simple aspect that many people forget while investing; Control

This is a lesson that I learned later on in my investing life. I started investing without any control over the investments that I was in. I automatically thought that the people I gave my money to were going to be concerned with my money as much as I was. That is wrong! People are people no matter where you go, and it is first nature to look after our own possessions and interests before we look after someone else.

Remember there is only one person that is ultimately responsible for your money and that is you! Brokers are there to guide us and give us tips, but we have to take in that information and then make an educated decision concerning our investing. My first investments were way out of control. If someone were to ask me why I invested in that trade I had no answer! “Because it looked good” I would say! I was on a path to disaster!

I know that every broker and trading agent will tell you that they will take good care of your money. I am not saying that this is false; many brokers do take very good care of their clients’ money. But we are focusing on YOU becoming a better investor! If YOU are going to become a better investor then you are going to have to educate yourself and decide how to invest your money.

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