HOW DO YOU KNOW THE TRADING GAME IS YOURS?

I've been asked by a couple of friends if the trading game was suitable for them. In 2008, when a friend of mine from Australia on his vacation in Vietnam, I personally trained him for a month and a few months online afterward on trading equity options, his success has been so far limited. However, two of my previous trainees have become full-time traders and living a great lifestyle. Their results have been even better than mine.

Since then, I'd been in doubt if the trading game was the cash engine for all people as most forex related websites on the internet advertise. Then I came across the excellent works by Roger Hamilton on Wealth Dynamics, which reinforces the fact that there is about 5% of participants in the forex market to be successful. In other businesses, the success rate could be similar 5% but most are between 10% and 20%. Some of you already know the rule 20/80 and 10/90 in most aspects of life. In the forex trading business, the rule is 5/95!

I provide here above a generic process of self-discovery for your own path to true wealth. You can look at the picture above, the first thing you could do is to take a Wealth Dynamics Profiling Test (by clicking on picture of the Wealth Dynamics Profiling Test at the end of this blog), which is the work of Roger Hamilton. Based on the test result, you will find what your passions and natural talents are. Only then, you could take the next necessary steps to focus on what you are good at naturally.

In the next article, I will recommend what the next necessary steps are for those of you who believe that the trading game, including forex market, is likely your natural wealth path.

Good luck with your journey to true wealth and stay tuned!