WARREN BUFFET- A BUSINESS MENTOR

DO YOU KNOW THE SECRET OF WARREN BUFFET?

There is a great philosophy of life that I will not want to toil with and that is “what is worth doing is worth doing well”. The reason why so many people fail in the forex business is just because they are so much after the money to make and by so not preparing for the future loss that will surely come. Why is it so? This is just because they don’t really understand what the forex market is all about. Most people are doing it because of the recent hype attached to it by some unscrupulous businessmen. Well, they can’t really be blamed because they are just taking advantages of the unlearned traders. If only we can take our time to go online for just one hour training with the great forex masters like warren Buffet I think so many people will not be a victim of loss rather we believe on unrealistic advice of non traders who parade themselves as trainers.

Warren Buffet is a great man, the second richest man under the face of this earth. He is a forex and online stock trader who developed so much passion for it right from a very early stage. He is great today because he develops himself mentally everyday. This man donates billions of dollars to different philanthropic organizations every year including the Bill Gates foundation. This man has made it beyond his 10th generation having anything to do with poverty. Would you like to be like this great man? At least he does the same kind of business with you. I am not even sure if he spends much time trading compared to the time he spends reading write ups on forex. This is the greatest icon of online trading presently. But do you know you can do better than this man with time? If your answer is “YES” what have you done or how prepared are you in the business of forex and if your answer is “NO” why then are you still in the business if you know you can’t succeed.

Lessons from Warren Buffet

1. He was passionately driven to the business and not because of money: so many of us are too greedy to understand that our passion must be the first thing driving us into a business and not money. Like I will always say, 99% of Nigerians involved in this business are in the business because of money….so why won’t they fail? People like this are the ones i call the blind traders because eventually you find out that they are just in a business they don’t know anything about. Imagine someone who call himself a trader calling only to ask what a leverage is all about. Though I asked him if he came across anything like leverage while filling his online form and he answered yes. He said he only chose one of them and which was 1:100. This man is totally blind which showed to me that he came into the business due to so much hype by this unscrupulous businessmen who pose their selves as trainers with captivating adverts of forex. well, you can still change your state of mind.

2. Know more about the business you are into: it will do you good if only you imitate great men like Warren Buffet. Take more time to know much more about the market rather than pursuing only the money. The secret of making that money under 20mins can only be revealed when you devote more time on findings. There is no way you will not turn out to be a forex Guru if virtually most things you do is to read more on it. You need to promise yourself of becoming the best in the business which propels you to work harder unless you are deceiving yourself by mere say….which majorly leads to market frustration to so many people.

3. He is ready to take risk: normally, when going into a forex business you should have it at the back of your mind that there are risks in it and must be ready to face it when they confront you. This happens to every business. That is why it is not good to start up such a business with borrowed money. Your invested capital must be the type that when lost will not affect your status. When you borrow money to invest in the forex market and eventually got all lost… what do you do? absolutely nothing than to pay back your creditors their money. This is one of the greatest mistakes so many people have engaged their selves with. I am not saying you can not borrow money, but you need to start up with your money first irrespective of the amount.

Ade Philips
Financial/SME strategist & Consultant/