How to Seniors Too Old to Learn and earn Forex? During Covid-19
For seniors over 55, unfortunately, opportunities for gainful employment seem to dwindle with each passing year. Even if people manage money throughout their lives, they may have little or nothing to show for all those years of work. But for those over 55, whether employed or not, things like rent, mortgage (if you don't have a foreclosure), water, car, gas, etc. are still ongoing. But what should seniors do? Humans can do one of two things.
First, just resign yourself to your situation and live life as usual. Many employers are reluctant to hire people over 55 with little or no skills. Second, for a while, explore your options in the forex market. The Forex market is based on world currencies, and most people don't know that it is a 3 trillion dollar a day market, open 24/5.
However, as you get older, you need to keep your brain active. It is a truth of nature, "What is not used is wasted." So challenge your mind with new activities. Start by learning some short, simple facts about Forex:
* Know that 4 currency pairs are commonly traded, such as Euro and US Dollar (EUR/USD), or US and Canadian Dollar (US/CDN).
* The forex market rises and falls very quickly, enabling individuals to make money at a faster pace or lose it at the same rate. So start with a demo account first.
* Take free online courses and learn from more experienced people in the field.
* One can trade using their own experience and training learned, or purchase and use a software app known as a forex robot that can open and close trades without user involvement. Some forex robots claim to give better returns than bank rates, which is certainly impressive.
* Start a group with your friends or family, where you can meet once a week to study the latest trends and trade using a demo account. Then, see how fast money can grow in a demo account.
* If you all agree, you can pool your money in one pot, and open a real forex account with $100 or more, and see how you do.
* If you do this, you will gain a new sense of confidence and satisfaction in life just as this writer learned about Forex opportunities at age 60.
So, "Are seniors too old to learn and earn forex?" In answer to the question, if you think you can't, you're right. If you think you can, you're right. It all depends on your attitude.
