Why College Dropouts Make Great Forex Traders
You have to have a college degree to make it in the rocket-fueled, action-oriented worlds of forex, business and finance, right? Well, to answer that question let’s first take a look at some of the most financially successful people in the world who dropped out of, or never attended, college:
Paul Allen. Co-founder of Microsoft, he is currently worth $15.7 billion.
Michael Dell. Founder and Chief Executive Officer of Dell Computer. He dropped out of higher education at 19-years-old and is now worth more than $12 billion.
Bill Gates. Took leave of absence from Harvard to start Microsoft. His estimated net worth is more than $40 billion.
Rachel Ray. No college or culinary training. Has a successful TV show, cookbook series and magazine. Her estimated earnings per year is approximately $18 million.
Steven Spielberg. Dropped out of college at CSU, Long Beach. Founded Dreamworks. His net worth is around $3 billion.
Skills and Character Traits
These are just a few of the people who became wildly successful without getting a college degree. Now, what about forex and Primetrade? Can you succeed in forex trading without higher education.
The overwhelming answer is yes. Why? Because the same skills and character traits that make the above celebrities successful are the same qualities you need to be a successful trader. These traits include:
Self-directed. Self-directed people don’t follow the crowd like blind sheep. This is not easy to do because we are taught from a young age to go along to get along, to not make waves, to “be nice” and “be a good girl.” Our system rewards conformity.
Self-directed people are driven by their own motivations. If you study Bill Gates, for example, he is as motivated by learning and growing as much as making money and eliminating diseases. He has a structured, goal-oriented system to reading, studying and learning new things.
Massively-motivated. Again, our system rewards just doing enough to get by. Massively-motivated people want to do much more than survive — they want to thrive on a big scale. They are not afraid to put in hard work in order to experience big leaps in activity, production, profit and accomplishment.
Passionate. Have you ever seen Quentin Tarantino talk about his movies. Or listened to a kid talk about his favorite sport or team. They can barely sit still. They are so excited and enthusiastic, their words come out in a torrent.
Passionate people don’t all have this breathless quality, but they share the same energy. Have you ever worked on a project or goal for a long time, but it didn’t seem like work? You were so focused on the goal, so “wrapped up” in the process, time flew by. That’s a good sign you are in the sweet-spot of a personal interest and passion.
The Cost of College
The cost of college is skyrocketing, and many graduates are still unable to find jobs. People are questioning the value of spending tens of thousands of dollars with debatable results.
Still, college is a the right pursuit for many people. It fits their goals and temperament.
But there are many paths to success. For many self-directed, massively-motivated and passionate people, dropping out or skipping college altogether is a choice that has led to towering success and monster accomplishment. Perhaps more important, they achieved self-satisfaction by finding their passion.
Liam Ball is a recognized expert in business, trading and finance. An experienced forex trader, his passion is blogging about financial topics. His articles and opinion pieces are regularly seen in high-profile finance blogs around the globe.