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How to invest on the market
People say that money is not supposed to be simply saved. It is believed that the best way to control your money is to invest it and make it work for you in the future. But what can you invest in? There are many options to choose from. Choose yours to be sure that your money is safe and sound!
Nowadays the Internet is full of stories of ups and downs, successes and disappointments in the Forex market. One can find a few dozens of such stories that fit every taste. But you have hardly heard the incredible story of astonishingly rich, a genius and a pioneer of commodity trading, Richard Dennis.
Dennis’ story is the type of stuff for trading legends that can still fire the engines of aspiring traders today. This guy was around 23 years old and he was reported to have borrowed $1,600 and turned it into $200 million in about 10 years trading commodities. By the time he was 26 years old, he was already a millionaire trader.
So called “Prince of the Pit” was born on the South Side of Chicago in 1949 in quite poor Irish-catholic family, where only father worked as utilities cleaner. Dennis became an order runner on the trading floor of the Chicago Mercantile Exchange at age 17. A few years later, he began trading for his own account at the MidAmerica Commodity Exchange, an entry-level floor where "mini" contracts were traded. To circumvent a rule requiring traders to be at least twenty-one years of age, he worked as his own runner, and hired his father, who traded in his stead in the pit. That’s how he got his moniker.
If you ever want to grow professionally as a trader, the most privileged club you may dream of joining is that of quantitative trading. Only those who are geeks and financial masterminds at the same time can get a VIP pass to the quant community. The analysts who work in this sphere earn impressive average salaries of $150,000 per year. Can you become one of those geniuses? And are they so smart after all? We are going to find out.
When Aldous Huxley was writing his famous dystopia, little did he know that 90 years from the publication of his novel, there will be so many parallels in the actual society with the world he described. The virus brought a lot of changes to the way things get done: economic, industrial, procedural, etc. While these changes increasingly attract media discussion, new terms get coined – such as “New World 2.0”. Leaving the broader social and other aspects aside, let’s see what this new reality may bring to a trader.
“A journey of a thousand miles begins with a single step,” Lao Tzu declared centuries ago. However, when it comes to trading, this first step is quite a challenging and crucial thing. What to start with? Where to go to? Dozens of guide books explaining the basics of trading are published every year, and it’s essential to keep a close eye at the new releases - new tips, tools, and strategies proven with time are added continuously.
Everyone around us always talks about how important it is to dream and let your dreams prosper. But prospering dreams is not all – your dream has to evolve into action to get on the whole other level of this funny thing called reality. Forex is several dreams combined: the independence, the changed lifestyle, the opportunity to live the life you want.
When it comes to dreaming big, many of us get stuck and don't allow themselves even to try. Meanwhile, those with more enthusiasm and open minds, stay ahead of the curve in many perspective areas.
If you are one of those who desperately need encouragement, a mysterious sign to make you believe in endless opportunities, this article found the right reader. Get inspired and make your 'hidden potential' work too!
For FBS, February 9 marked 11 years in the brokerage business. As we look back over these years, we recount a lot of lessons learned. So, we’re old enough to share some wisdom that we got while developing a multimillion global venue from zero.
Each Forex trader is a businessman. See what lessons of ours you can adopt to do better in your career.
The currencies of Latin America, Argentine peso, in particular, have recently been quite unstable, and rapid changes were noticed by many traders who keep an eye on the market. Right now, Argentine peso is going through a rapid fall with severe ups and downs – too rapid even for a currency of high volatility. What could be the reason for such a roller-coaster?