NEWS HEADLINE;

Lehman Brothers filed for bankruptcy…

                                                               Automakers seeking bailout

Financial Market Meltdown.

                                        AIG Disgrace……

             Federal take over Fannie Mae & Freddie Mac..

Almost everyday, we have been bombarded with news headlines on banks collapsing, disgraceful financial acts, economy bailout plans & etc. Since the economic recession, the volume for financial trading market has been thin (more volatile).

The reason i am writing this article is to share with those who are currently being retrenched or jobless on some reality in Forex trading.

You don’t become George Soros in one day

I need to share with you the truth on trading Forex as a living.

If you are thinking of going into Forex trading to make a fast profits and make some fast bucks everyday, then you are in for some dissapointment. It is because you do not have the skilled set and experience on the Forex market.

On the average, it took a person at least 2 years of Forex trading to become proficient in generating consistent income. There is a saying ” Rome wasn’t built in a day”

Doing Forex Trading Part-time

During this time of economic recession, i see alot of aggressive advertisments on courses teaching Forex trading, Options trading, Stock trading, etc, promising extraordinary returns. Some of you might got tempted, however, the truth is that you need years of practised to profit consistently.

I would like to suggest that you find a full-time job and doing Forex Trading part-time. In this way, you will be more easy on your pyschology in trading. Why i said that? Just imagine that you need to feed your hungry stomach and desperately trying to make a quick bucks at the same time.

Rock Solid Foundation

Just like tall buildings, they need good foundation to withstand the weight and structure. It’s the same theory in any skills you want to pick up, and there is no short cut in laying a good foundation in Forex Trading.

So you need to have patience and be committed in building up your foundations.

P.S  There will be Jobs DB Career Expo in Suntec Exhibition Hall 602 & 603, from 20th Mar till 22nd Mar 2009

This article on Economic Recession & How it Affects You is brought to you by www.onlinetradingfx.com