Can You Really Get Rich Quick With Forex Trading?

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In my private skype group I just got this question:

Hey Coach, mind if I have a quick question: What’s your take on the forex get rich quick thingie people seem to be selling all over FB

 

And here was my answer:

well I dont know what is selling on FB as I have distanced myself from it for a long time now. But I had a look at Forex trading awhile back. My take on it is it works. But just last anything, it is a skill. If you put in the time, study it, learn it, have a desire, understand numbers and enjoy it… you will do will.

If you have bills to pay by the weekend and you are looking to just hope you can flip a switch and money will pour over you with zero effort, you will be disappointed. Even if you have a success with your first few days and make a ton… you will surely lose it just as fast because it would have been luck instead of time to learn the skill.

as goes for anything really. If you feel your business would benefit most from lead generation, then become a master at lead generation and dive in completely. getting all you can learn and implement, learn, implement, test, tweak, learn more, implement.

if you want more sales then take a 6 month dive into copywriting and you will never worry about making sales again.

want to be the master at traffic generation? Then spend 6 months ONLY perfecting ONE single method of traffic generation until you become the export.

but that is the thing. We all want INSTANT gratification. WE want to just get the quick method, try it for a few days and hope our entire business is changed over night. THen go a buy the next course when that doesn’t work.

Have you heard the rule of “10000 hours”?

10,000 Hours of Practice – WisdomGroup In the book Outliers, author Malcolm Gladwell says that it takes roughly ten thousand hours of practice to achieve mastery in a field. And, if the conclusion is true, how can we leverage this idea to achieve greatness in our professions? Gladwell studied the lives of extremely successful people to find out how they achieved success.

In the early 1990s, a team of psychologists in Berlin, Germany studied violin students. Specifically, they studied their practice habits in childhood, adolescence, and adulthood. All of the subjects were asked this question: “Over the course of your entire career, ever since you first picked up the violin, how many hours have you practiced?”

All of the violinists had begun playing at roughly five years of age with similar practice times. However, at age eight, practice times began to diverge. By age twenty, the elite performers averaged more than 10,000 hours of practice each, while the less able performers had only 4,000 hours of practice.

The elite had more than double the practice hours of the less capable performers. 10,000 Hours of Practice – WisdomGroup

 

 

Basically, you can become an “expert” (better than 90% of the world) if you spend 1000 hours on anything. But none of us do. We spend 1 hour on 10000 different things. Never becoming even competent in anything. But “trying” it all.

aaaaaaaaaaaaaand I am going to stop there because I am waaaaaaay off topic of your question now. Lol

oops!

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