Bruce Kovner- A Forex Trading Legend And His Story!
Have you hard the name of Bruce Kovner? Well, many haven't! He is a forex trading legend. He once upon a time was a NYC Taxi Cab driver. He had no money but he was aspiring to become a forex trader. So, in 1977, he borrowed $3,000 from his credit card and started trading forex and futures. Now, guess, how much he could have made over the years? Well, he made nothing shorter than a whopping $11 billion. Yes, this is true! He is a true legend.
I am not saying that we can do what Bruce Kovner did. But his example shows that you don't need much capital in your trading account to make money trading forex.
Daily more than $3 trillion get transacted in the currency markets. Currency markets are so huge that even if you combine all the stock markets in the world, they don't come close to the volume of trading that takes place in the currency market. You too can play the game of currency trading.
Did I say the right methods? Well, there is something even more important than the right methods and strategies in trading.
It is your mind. If you can learn to control the emotions in your mind, you can control the markets. Yes, this is true. Master your trading mind and you are on your way to making big money as a trader.
But, for that you will need to develop your trading skills. Play football, you need to practice it daily, if you want to become a good player. You will need to have a coach, if you are into professional sports. The same thing goes with forex trading. You will need to learn it, practice it and master it. If you can do that, the road is open to making a fortune.
No! It is your mind that makes money. You don't need a large sum of money to make money. What you need is the right psychology to make money. Take another example!
I give you another example of Richard Dennis, another trading legend. He started with only $300 and over the next few years ended up making $200+ Million trading commodities. What these examples show is that trading is a game of mental discipline. It is not a game of money. If you have a strong mental discipline, you will win and if you have a weak mental discipline, you will lose. It is as simple as that.
Article Source: FxTradingStock.com
About the Author
Mr. Ahmad Hassam has done Masters from Harvard University. Watch this weird 30 minutes Forex Nitty Gritty video just now. Download this 1 Minute Forex Trading System FREE!
by: Ahmad Hassam
Total views: 26
Word Count: 420
Date: Sat, 25 Sep 2010
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