Friday, August 10, 2012

Yes, it is possible to make money online.

Is it possible to make money online? That's a question I asked myself many times in the past and the solution is one that I can attest to myself. I`ll never forget the day when I lost $2000 in a matter of minutes by gambling. That was money which I had saved by working a couple of months. I was trying to get rich fast and like any other wild gambler, I was gambling impulsively and throwing more money to recover my losses till I reached the point of no return and had to call it quits.I was crushed for about 15 minutes, but then I bounced back.

The first lesson that I taught myself was that I needed to emotionally detach myself from money. To make money you need to know how it feels like losing it because, often life throws the unexpected at you and you need to fight back. I like to inspire anyone reading this to follow their dreams and remind them that there is always an opportunity right at the corner and that you can always start fresh with a clean slate. That's how the greatest people who lived became successful. I have personally been inspired by reading books like "Rich Dad, Poor Dad" , "The Secret", etc. which have really helped me to change my thought processes, gain deep financial insights and start making actions.

Now, back to my story. It took me about 6 months from my gambling misadventure to figure out one way to earn money online. I tried several things and lost some money to actually learn to finally make some real money, thanks to my Dad.
He is an investor who introduced me to trading. Well, a lot of people may ask me to stop right there and ask "Isn't trading more like gambling?" NO. Smart investors don't gamble when trading. For me, trading is a part time job that earns me revenue on a daily basis(or whenever I choose to trade) and is more rewarding in that I can avoid the never ending waiting period and effort required in creating a website or online business, hoping to get lucky selling a product or the inspiration to write a book(actually, I am working on one). It's always good to see some money deposited in your account on any day you work rather than waiting days for your next paycheck. I like to be in control of my own business, have no employer or employees and keep the earnings to myself, which is really very cool. Learning to trade is easy. You don't need a degree or be a financial expert. You have complete control on how much you want to trade and on any day of your choice.There are lot of trading tutorials online which cover the basics.
Trading can be done in Stocks, Forex and Commodities. I prefer to stick with one and focus on only that so that I can fully concentrate on it. For beginners, I recommend starting with either Stocks or Forex. I personally like trading Stocks. However, before starting, I suggest that you don't jump into it right away. There are lot of trading sites and platforms that teach you to learn and do plenty of practice before making the actual plunge. If you want to get started, check out these list of free trading accounts all in one place.

Final Words
Remember. Making money is possible as long as you don't get greedy. Be patient, but don't just sit there. You don't need to be a financial expert with  years of experience or have  a  degree to be rich. Knowledge and Passion is the key to everything. Be a constant learner and act at the right time. Whatever area you choose to explore, you can be successful only if you have a desire to. Dream and make your dreams a reality by making a start in a small way. It will pay off. I will be following up on this post with more articles . Please let me know your thoughts. All the best.


1 comment:

  1. I think the key is exactly what you send in the end of your article. The more information you get, not only the better you do, but the nore confidence you'll have (in trading and in any endeavor in life). Arm yourself with knowledge.