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Thinking about retiring or already retired? Either way, you’re probably contemplating how you will make sure that you are preserving the money you have or even generating more money into retirement…and if you are not thinking about this, maybe you should be?

Being retired doesn’t mean your costs will go down. In fact, chances are the amount of money you spend will likely increase, simply because this is the time in your life you have the freedom to do the things you haven’t previously been able to do.

You’ve been working for a long time so why shouldn’t you enjoy yourself now.

Maybe you want to go on that cruise of a lifetime or you want to spoil your offspring with contributions towards their education or deposit on a house. Whatever it is you are spending your money on, the point is you'll continue to spend.

generate income into retirement

What’s the problem here?

Well, the issue is if you haven’t put your money in the proper place, somewhere that is generating you a good return, then this money will disappear at a very fast pace.

People also read: How Much Do You Lose by Not Investing?

So what are your options?

The truth is you have a number of different options depending on your goals and how involved you would like to be. I don’t know about you but I like to be involved in what’s happening with my money and be making the decisions, this way I know I’m in complete control and the results are a direct reflection of my decisions rather than someone else…There are a lot of people out there that feel the same way and for this reason have decided to start trading in forex.

What is forex trading?

Let’s start of with an explanation of forex, if you didn’t know already forex is short for foreign exchange which is just the exchange of one currency to another e.g. when you exchange your Pounds to Euros for a holiday.

How can you make money from this?

Well, you can make money from the this due to the fluctuation in exchange rates, the amount of euros you get today for your pounds may be less tomorrow so if that was the case and you bought your euros yesterday and sold them today you would end up with more Pounds! Sounds simple, doesn’t it? That’s because it is. However, consistently making money from this isn’t easy and that’s why people go to companies like Trading Education for educational courses that can teach you everything you need to know about forex trading.

You might also like: Stanley Druckenmiller - The Iconic Forex Trader

What are the potential gains from forex trading?

Forex trading is by no means a get-rich-quick scheme and anyone who tells you otherwise you should take that with a pinch of salt. Yes, there is a lot of money to be made, but you should always be conservative. The most important thing is capital preservation and to know that you don’t need to be successful every time you trade, in fact, the most successful forex traders aren’t but as long as they make more money on the successful days than they lose on the bad days they will still remain profitable.

Do you need to have financial experience?

The answer is no. Just like any other skill in the world, you don’t need to have experience, you just need to have a willingness to learn. I can’t stress that enough, although there is good money to be made in forex trading, you shouldn’t just jump into it without an understanding of what you are doing. You can attend our Free trading seminar, where you'll learn all the basics you need to know. Here’s a link to a free trading seminar. You can register for right now - Trading Education's Free Forex Seminar.

Have you heard that there are some people making millions form forex trading?

Maybe you have, maybe you haven’t, but its 100% true, there are people making millions from forex trading. The thing you need to know here is that they are trading with millions of pounds already so unless you have that sort of money its best to set your goals a bit more realistically. Put it this way, if you’ve got money sitting in a savings account, you are actually losing money. How?

Because the current rate of inflation is higher than the average interest rate, so quite simply, the cost of goods and services is going up quicker than the growth of your money. £100 today will not be worth £100 in 5 years time. Just think about the Low-cost items you have bought for a long time, milk or bread for example, how much would you have paid for that 5-10 years ago compared to how much it costs today?

See also: Trading and Investing Quotes from The Most Successful Traders in the World

The simple truth of the matter is you should not take your money for granted, you’ve spent a lot of years working for your money. Isn’t it about time you got your money working for you? So whatever decision you take, whether it’s to seek a bit more information about forex trading at a Free seminar such as The Trading Education free seminar or you decide to look at alternative options, definitely take some sort of action to make sure you are preserving and growing your money into retirement.

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Don't miss: 8 Things Successful Forex Traders Won't Say

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