61: Can Millennials Make Money in Trading?
- Can Millennials make money in Forex trading?
- The only thing you need to get started.
- Why school doesn't prepare us for life!
Got another email from Kapono from Maui Hawaii.
“Hey Karma, just curious, I am a 19 year old guy living in Hawaii and am interesting in trading the Forex. But how realistic is that? Like, are there a lot of people my age trading the Forex? Or is it all older people like my dads age? Can people my age make money in it too? I don’t want to be broke like most people. Thanks”
Absolutely you can do it. There are a ton of people your age making money in Forex. My son Joshua has started his career in trading forex and he is only 16 years old.
People of your generation (Millennials) can easily make money doing this. You all have it so good right now. With things as they are right now, and with technology the way it is, you all can be trading while walking down the street and chatting with friends right from your smartphone or tablet. Its awesome.
Essentially all you need to do is open an account with a reputable Forex Broker and away you go.
Now with saying that, I do not recommend you throwing down some cash to open an account and you to just start trading. You definitely need some education first. Check out our website for courses for that.
But once you have that education, go for it my friend. Go for it. I really admire those of you that are out there wanting to better yourself at such an early age. I wish that when I was 19 years old, someone, anyone would have taught me something about making money.
You know, I went to school for 23 years, got my Ph.D., and not one person, not one teacher, taught me anything about making money. Nothing. And yet, schools are supposed to be preparing us for real life. But when they don’t teach you about balancing a checkbook, creating budgets or anything money related, you know there is a problem.
So when I see people like you Kapono, someone of your age out there wanting to make your life better at such an early age, makes me feel amazing. I love to see it. I admire you for doing so. So many people your age and hell even my age all they want to do is get their paycheck and blow it at a club, or a bar, or just go spend it somewhere. Not take control over their life. Not better their situation.
There are no shortcuts. You will have to work hard. but if you have the drive already to do something like trading, I can definitely see you in the future in complete control over your financial situation being able to do whatever it is you want to do. Want to retire by the time you are 21, it could happen.
So to answer your question, anyone, no matter what your age, as long as you are over 18 can do this.
I wish you tremendous luck my friend. And if you need any help, don’t be a stranger. Email me more, I would love to hear your progress.
Links and Resources Mentioned in this Episode:
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Music by: Troyboi