Ramon Ramirez Posted May 11, 2012 Report Share Posted May 11, 2012 The thousands of individuals who have resolved to enter the forex market should know that they should educate themselves first before they start. It is crucial to know the basics of forex trading to get into profit, but this knowledge is no guarantee. You need to know more than the basics to even have a fighting chance of being successful. There are many methods to learn forex trading. You can join online services, enroll in a forex trading school, become an apprentice of a forex mentor, download an ebook, join a trading group, read books or do it alone. However, doing it alone involves a lot of risks especially for beginners. From experience it is always best for novice traders to get training from a mentor or join a forex trading team. You are going to benefit from experienced instructors who are already trading forex in real time and compare notes, trends, charts, buy / sell decisions and more. You can check yourself against other people who have more experience than you. In this way, you are familiarized with real market trading. You are given the chance to see the actual processes and decisions which you can later on employ. In the end you will come up with your own strategy and trading methodology that works for you and is suited for your own risk level, temperament, trading goals and trading experience. Here are a couple of guidelines that new traders can follow to achieve success in the forex markets. You need to know proper charting and mapping. Most forex brokers will supply you with a charting platform, but you need to know how those charts work and how to interpret them. You will need to be able to read forex market charts. Discipline yourself. Traders who are disciplined by strictly following their developed methods even when losing period's strike, have a greater chance of making it in the long run. Update your knowledge continuously. Successful traders are studying the forex market night and day and are constantly looking for new information and education all the time. Trade in a team, this helps making decisions easier and could be the # 1 reason you find success. If you are trading in a highly specialized team who knows what they are doing you can measure yourself and your trading decisions against them and keep each other accountable for your trades. Focus on what you do and do not jump around. This is probably the single biggest mistake that traders make, they jump from one opportunity and from one trading system to the next. They never stick with a single one and learn to trade that system well. There are thousands of ways to trade the market with an unlimited number of ways to combine signals, charts and trading methodologies. But do not try to trade and test each one of the thousands out there, stick with one that works and work it inside out until you can do it blindfolded. Once you are so familiar with it that you can do it in your sleep, you will start to learn when conditions for your system are right and be able to trade your chosen system with confidence and profit. Kristianto 1 Quote Link to comment Share on other sites More sharing options...
⭐ kaito kid Posted May 19, 2012 Report Share Posted May 19, 2012 Keep a cool head, get inspired about Forex trading, keep on studying, keep the learning process at your own pace and master this disciple of Forex market trading in few years to call yourself an experienced trader. Quote Link to comment Share on other sites More sharing options...
Rey Nuevo Posted May 21, 2012 Report Share Posted May 21, 2012 Keep a cool head, get inspired about Forex trading, keep on studying, keep the learning process at your own pace and master this disciple of Forex market trading in few years to call yourself an experienced trader. yes I agree to you mate :) Quote Link to comment Share on other sites More sharing options...
⭐ kaito kid Posted May 21, 2012 Report Share Posted May 21, 2012 The thousands of individuals who have resolved to enter the forex market should know that they should educate themselves first before they start. It is crucial to know the basics of forex trading to get into profit, but this knowledge is no guarantee. You need to know more than the basics to even have a fighting chance of being successful. Quote Link to comment Share on other sites More sharing options...
Kristianto Posted May 22, 2012 Report Share Posted May 22, 2012 The biggest challenge of being successful in trading is that of emotions and discipline. Quote Link to comment Share on other sites More sharing options...
⭐ kaito kid Posted May 25, 2012 Report Share Posted May 25, 2012 The biggest challenge of being successful in trading is that of emotions and discipline. That's right :) Quote Link to comment Share on other sites More sharing options...
Guest Moon_shine Posted September 8, 2017 Report Share Posted September 8, 2017 A number of forex traders believe that trading does not require any education and techniques to do it are only learnt with time however, they never realize that more than taking the risk to lose money, it’s better to acquire education that can save it. Forex trading involves high amount of monetary investments with an even higher risk of a loss, when a trader invests this high amount of money into a business, he shouldn’t take any chance which can make him vulnerable to a fall in the business. There are many traders who think so that trading do not require any education to work here, but it is not true at all. If you do not have any knowledge about trading then how you are going to deal with this risky market. Quote Link to comment Share on other sites More sharing options...
Guest Irina Posted September 17, 2017 Report Share Posted September 17, 2017 Indeed, many traders who learn from the ground up, often the discussion or read the article forex trading is indeed extremely helping improve understanding in a bold trader trading activity is becoming increasingly smooth and profitable Quote Link to comment Share on other sites More sharing options...
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