Have you ever wondered what truly the secret to riches is? Is it by creating a really good marketing plan? Or by starting a “start-up” business idea? I’m pretty sure some of the people I defended on court can answer this question easily. You know why? It’s because most of these people have tried online trading and failed spectacularly.
Don’t get me wrong. I have nothing against online trading. And nor is it against the law, by the way. However, some people would actually break the law just to gain an advantage against their online competitors. Some have gone to actual fraud and scheming just to get rich quickly.
Sadly, not one of these people are living the life right now. Most of them are on the run from the law. With that in mind, I realized that this might be a perfect topic to put on my blog. So one dry Sunday afternoon, I turned on my Broadconnect.com high speed internet modem, plugged in my computer, sat down on the comfy computer chair and pondered on what to write.
I’d like to start this blog post with some wise words from a friend of mine. We were discussing how to get rich in the quickest way possible. This friend of mine asked me that if ever I found a gold mine right in front of my house, would that make me rich beyond my wildest dreams. I answered with an enthusiastic “YES!” of course. However, he then pointed out the difference. It’s a gold mine, therefore, all the gold is found under the earth. He then told me that the first thing I have to do is to learn how to mine.
Well that makes a whole lot of sense. If you’re not going to do anything but just stare at the gold mine, there is no way that you’re going to make money from it! You’ll have to invest some time in learning how to mine the gold or you’ll have to pay a good amount of money in hiring workers and getting the equipment that you’ll need to harvest the gold.
In retrospect, the same scenario can be applied with online trading. You’ll see a lot of online ads and blog posts about how a lot of people made their first millions thru online trading. I’m also sure that you’ve seen a lot of horrifying accounts where people invested a lot of money in online trading, but weren’t successful in the end. This is because in both online trading, it’s not just about making money. It’s also how you make money.
My advice to anyone who wants to dive into the wonderful world of online trading is to learn from the best. Ask for advice and don’t be afraid to join seminars and workshops for online trading. Knowledge is usually the key to becoming the ultimate online trader. Of course, you’ll need to have the perseverance to keep learning all the time. This is because online trading is not constant, but is always changing.