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Forex Trading - Getting Rich Trading Forex (part 2)

Tuesday, April 03, 2007

In the first part of this report we looked the first way to get rich trading forex. That involved spending five years becoming a winning trader and then starting a hedge fund.

Funny thing, several people voted on that article and gave me a very low rating on the article. Where you people looking for some way to get rich quick? Guess what, it doesn't exist!

Stop living in fairy land. Yes, I'm going to tell you the other way to get rich in forex trading. This way is even slower than the first . . .

. . . but it works!

Here's the thing. If you learn to trade successfully, you've mastered step one. If you take more money out of the market than you put in, then you have gotten passed the first hurdle.

Now educate yourself about system design. You want to learn all about building trading systems. You see, you're going to go on a quest for a great system. You're going to work on building a system that has low draw-downs, and makes bunches of money!

So, why not just start with step 2 in the first place? Let me ask you a question. Why not put the cart in front of the horse?

Because it doesn't work.

First learn to trade profitably, then build a system that really rakes it in, then add as much money as you can to that. And continually add to it. Of course it will keep growing on it's own as well.

Don't skimp on the tools to build you're killer system. You will need to purchase some several thousand dollar testing engine. Use some of the profits from your current trading to fund it.

This is the second way to get rich trading forex.