Is that headline hard to understand? Yes. Does that make the idea any less true? No. The idea we’re trying to convey is this: if you use your free time to make money, you can create a situation where you don’t have to work nearly as much overall. For some, this is what it means to have a healthy work-life balance. For others, this discipline can be taken all the way to early retirement!
It’s all about productivity. Most of us have many more hours in the day than we use for profitable labor. That’s fine. All work and no play make Jack a dull boy. But Jack won’t get rich unless he’s willing to work more than others. Fortunately, the 21st century has yielded an easy way to accomplish this, without having to work 100 hours weeks. We’re talking about Forex.
Forex is available from trusted brokerage sources like ETX Forex Trading. Here, you’ll see a bunch of global currencies, as well as their value histories over the past hours, days, and months. Forex investors look at these value trajectories and draw upon their knowledge of global forces which influence currency values. Choosing currencies with which the user is most familiar, investments are made along with a recorded speculation about the future value of the currency. In other words, you guess whether a currency is going to gain value or lose it, over a set period of time. If you get it right, you make money. If you don’t, you lose money. Simple as that.
So what does this have to do with our fun time/work time idea? The reason we’re talking about Forex is that these trades can be completed very quickly. Alternative investment models take years or decades to pan out. For the most part, these are low-risk, low-skill investments. It’s a way for people to put their money away, never think about it again, and take a bigger amount of money out later when they’re ready to retire.
Forex trading has more risk than that. If you were to do these trades blindly, your chances of making money would be slightly less than 50% each time. But Forex risk is different than traditional investment risk because with Forex, you’re in the drivers’ seat. If you know a lot about a given currency, you’ll be able to make educated predictions about how its value is going to change over a specified amount of time.
Many people say that Forex trading feels like a game. That makes sense. You can do it on your laptop, tablet, or phone, and you can make winning trades in just minutes. This is an example of an investment behavior that is worth learning. The more knowledge and experience you acquire, the better you’ll do. Given time, you can make a lot of money very quickly, all in your spare time. Get good enough, and you’ll find that you have a lot more spare time (and spare money) than you ever thought possible.