What Traders Can Learn From Warren Buffett - Part 1

$76 billion! That's what Warren Buffett sees when he looks at his net worth each morning. Sheesh! Can you imagine? $76,000,000,000! Lately, I've been thinking about the MEGA wealthy . . . And I've been reading about Warren's philosophy of investing . . . Although he focuses primarily on the stock market, something he said is PERFECTLY suited for every type of trading, including Forex. And once I share it with you, I know you'll have an "aha" moment. But first, I need to make sure you're ready. Otherwise, it just wouldn't make any sense to share this gem. I hope you understand. So, if you are REALLY serious about becoming a consistently profitable Forex trader . . . Please give me a few minutes to explain some basics about Forex Trading, so I know we're on the same page. Are you ready? Here we go . . . Foreign exchange trading, or often referred to as forex trading, is the same as any other kind of trading. The goal is always the same: SELL SOMETHING FOR MORE THAN YOU PAID FOR IT. That’s all. It works the same way whether you’re trading in General Motors stock, or selling used comic books on eBay. The big difference with foreign exchange trading is that instead of trading in things, you’re trading in money. It’s trading in its purest form. Foreign exchange trading cuts out everything extraneous and focuses on a single thing: Money. We already track all other transactions using money, so why not eliminate the middleman and just trade money for money? All you need to do is follow this simple three-step process: 1) Make Money 2) Take Money 3) Repeat That’s the lather, rinse, repeat of foreign exchange trading. Step one, make money. You make money when the value of what you bought goes up from when you bought it. If you’re a gambler, think of it as your table winnings. It’s how far you’re ahead when you’re still in the game. Step two, take money. For many people, this is the hardest one. Going back to our gambling example, these are the winnings you take away from the table. In order to succeed at foreign exchange trading, you have to know when to get your money back out. It doesn’t matter if you doubled your money when it peaked; you still lose if you sell it for less than you paid for it. Step three, repeat. Anything that can be done once can be done more than once. That’s how the Universe works. You can’t make enough money to live on off a single forex trade. Not unless you’ve already got enough money that you’ve got people to work the markets for you. You’re going to have to work at it, and that means getting it right often enough to stay in the black. Once you’ve mastered those three steps, you’re well on your way to being a successful forex trader. This is where everyone starts. So, what was the gem that I learned from Warren Buffett? Here's what he said: “You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.” Do you know why? It's because what really matters is not who has the highest IQ (which often is a liability) . . . . . . but who has the best understanding of the fundamentals and knows how to execute trades without being sidelined by the negative emotions of fear and greed. And that's what I'm going to share with you in this series of emails. So, in my next email, I will explain everything you need to know about what Forex traders are ACTUALLY doing and how the top traders make HUGE amounts of money faster than you ever thought possible. You're going to love it! Stay tuned for Part 2! To your trading success, Dustin Pass P.S. The money you make in Forex trading is usually in direct proportion to your knowledge and skills. That's why I created a comprehensive training program with EVERYTHING you need to know from several world-class experts. Up to this point, acquiring this knowledge meant you had to just slug it out in the FOREX trenches for a few years, pouring money into your trading account, instead of your trading account pouring money into your bank account. There hasn’t been a well-structured, effective, and engaging way to get a thorough level of FOREX education, until now. [Click Here]( To Get Started If you wish to stop receiving our emails or change your subscription options, please [Manage Your Subscription]() Global Profit Systems International, 15502 Stoneybrook West Parkway Suite 104-153, Winter Garden, FL 34787