So we covered “What is financial freedom?” earlier on our website.
So the question now is how to to generate passive recurring income through forex?
The questions you now have on your mind are:
– Are you scared of playing/betting against those big players on the market?
– Not much cash on hand to enter a trade?
– Foresee a recession coming?
In forex trading (or any other kind of investment), it is really a race between the market and you, and not the big players against you. And making informed (Technical Analysis) decisions in the forex market is NOT the same as gambling in the casinos! In the casinos, the odds are stacked heavily in the house’s favour, when we trade forex, we have our proprietary methods to turn profits consistently!
Are you scared of playing/betting against those big players on the market?
Everyone is going for profits in the market, nobody is out to make money out of you. The question we should ask is, how do we make passsive income consistently from the market?
Not much cash on hand to enter a trade?
Not much cash? Forex offers up to 1/400 leverage (you can trade up to $400 with only $1). This offers a low barrier to entry compared to other financial markets. As the folks behind Russowoods.com are responsible people and truly want to help you, we would like to remind you that while the 1/400 leverage can give you large gains, it too can make you lose a lot of money!
Foresee a recession coming?
The beautiful thing about forex is that you can go long (you see markets going up) or go short (you see markets going down). Recession or not, forex will always be in business and it is really a matter of how you can profit from it.
Hallelujah! Here comes the rescue!
To be able to profit consistently from forex trading, we are most certain you will need the following:
- Experienced in how the economies and financial markets operate
Without a good understanding of basic economics, you are merely gambling in the forex markets. Good understanding of how markets and economies function provides a good fundamental analysis of the big picture.
- Experience in technical analysis (we know some people go “yeah right” hearing this)
With fundamental analysis in place, the next step to successful forex investments comes from technical analysis. In finance, technical analysis is a security analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. Simply put, it is the use of past data to spot trends in the future to profit from it
- Good tempered and strong-willed.
Believe it or not, even when you are equipped with the best methods, different forex investors have vastly different results! Even when armed with the right methodologies / processes, when it comes to handling money, people can get emotional (almost all the time) and start to either be overly-cautious or overly-reckless – either which eats into your profits or makes you suffer losses. A gambling attitude and mentality will wipe you off earlier.
Forex, is a leveraged product that carry substantial risks of loss up to your invested capital (and potentially more) and may not be suitable for everyone. Please ensure that you fully understand the risks involved and do not invest money you cannot afford to lose.