'Go for the Jugular' --a winning story!

                         'I want to make it BIG'. This is what almost every individual thinks before joining Forex Trading. When we read little about forex, study some charts, see the patterns on charts,we get a feeling that heck! it's easy man! just buy when trending up & sell when trending down & that makes you lot of money! Yup...This is 100 percent correct but it says only one part of story. Unless & until you master other part, expected results are far away than you ever think of. And the other part of story is 'When?'. When to buy & when to sell, When to Take Profit and when to Stop Loss, When to scale-in the position and when to scale-out, when to trade and when not to trade. This 'when' is what separates successful traders from others. 

Now let me share with you the story of Mr. George Soros, a Hungarian-American Investor. On September 16, 1992, he took short position of more than $10 Billion in Great Britain Pounds by saying his Chief Portfolio Manager Stan Druckenmiller 'Go for the Jugular'. He was dubbed as the 'Person who broke the Bank of England'. That day is called as 'Black Wednesday'. In this trade, he had won a Whopping $1.1 Billions. The full story can be found here.

I don't want to discuss any political part regarding this story but I want to emphasize the point that, What shall be our approach to get that type of Knowledge, Confidence in Forex trading to make it really big? Answer is in the saying which I firmly believe on that says ' A thousand miles journey starts with the first step'.

Remember! Knowledge is Money. More knowledge is more money. Start accumulating knowledge on Forex. Bookmark good blogs, Study websites, join Forums, Subscribe to forex threads. Once you begin to understand trading terms and trading language, you will start building up confidence. Beware! Confidence is very essential for any trader & it comes through knowledge. Begin with baby steps, be consistent, crave for more information and you are all set on your path to make it BIG in FOREX!...stay connected...