Beside being a Forex Trader, I am also a die hard entrepreneur. In my past experience, I always want to leverage on other assets such as human capital, properties to convert into more cash. I made a big mistake. In business and financial world. My belief is starting to change, (I hope it is not too late :)
Now, everything I do is to generate CASH, I believe Cash Is King and Forex Market is the Kingdom full of Cash! Trillion of dollars is translated in the Forex market each day.
In business, no matter in the good or bad time, you need cash. In the good time, if you have cash you can generate more cash. In the bad time, you need more cash to sustain your business and if you have extra cash, you have the strongest bargaining power. Tycoons with cash in hand always like to use this phrase in their dealing."Take it or Leave it".
If Cash is King, where is the kingdom of cash? For me, the kingdom of cash is Forex Market, when you step in Forex Market, you are meeting millions of participants. All of them come into the kingdom for one purpose; to make more cash! Sadly, 90% of them come out of the Kingdom lose their cash. 10% of them stay in the Kingdom for a long period of time and hoping more participants will come in. Of course, more and more participants will come in each day to try thier luck. 10% of the participants will be smiling to welcome 90% of participants. We know the dinner is ready.
