Learn Forex: What You Should Know About
I truly believe that there is not a single person in this world who cannot learn forex. Whats truly amazing, though is that the of all the people who try it, 95% fail.
I think I can explain why something like this happens. It really has to due with the fact that there are so many traders who really only care about making money. Dont get me wrong. Thats important. However, your main goal when you are first starting out is that you learn the right way to trade. Start with the fundamentals and work your way up.
Im not going to sugarcoat it for you. There are people making 6 and 7 figures a year trading the forex market. However, you have to realize that with this incredible reward comes an equal risk. This doesnt mean that it should all be left to chance. If you really take the time to learn the right decisions to make and taking this very seriously, there is no reason why you cant see success.
You are basically by yourself when it comes to forex trading. This doesnt mean you cant or shouldnt have some kind of mentor or instructor. It just means you shouldnt just blindly follow whatever they are doing. You should use them enough to be able to build a forex trading strategy that is comfortable for you.
Another thing I want you to do is not fall for every holy grail myth that you hear so much about nowadays. You are in this for the long haul. Trading is not some fly by night get rich quickly operation. If it is, you will be sadly mistaken. Just remember the old adage, if something looks too good to be true, then you can almost be sure that it is.
Another thing to remember is that you should never be working hard, you should be working smart. What I mean by this is that you dont have to be the foremost expert on every single thing related to the forex market. Youll never have time to trade. Instead just learn about what it takes to succeed. You can start with technical analysis.
Its also a good idea to get some kind of trading edge that will separate you from the rest of the competition. (aka.. those guys who are in the 95% category.)
Finally, you want to have the right mindset going for you. This is critical if you want to trade for the long term. If you are patient and take the right steps, I dont see why you cant have an early retirement. - 23305
I think I can explain why something like this happens. It really has to due with the fact that there are so many traders who really only care about making money. Dont get me wrong. Thats important. However, your main goal when you are first starting out is that you learn the right way to trade. Start with the fundamentals and work your way up.
Im not going to sugarcoat it for you. There are people making 6 and 7 figures a year trading the forex market. However, you have to realize that with this incredible reward comes an equal risk. This doesnt mean that it should all be left to chance. If you really take the time to learn the right decisions to make and taking this very seriously, there is no reason why you cant see success.
You are basically by yourself when it comes to forex trading. This doesnt mean you cant or shouldnt have some kind of mentor or instructor. It just means you shouldnt just blindly follow whatever they are doing. You should use them enough to be able to build a forex trading strategy that is comfortable for you.
Another thing I want you to do is not fall for every holy grail myth that you hear so much about nowadays. You are in this for the long haul. Trading is not some fly by night get rich quickly operation. If it is, you will be sadly mistaken. Just remember the old adage, if something looks too good to be true, then you can almost be sure that it is.
Another thing to remember is that you should never be working hard, you should be working smart. What I mean by this is that you dont have to be the foremost expert on every single thing related to the forex market. Youll never have time to trade. Instead just learn about what it takes to succeed. You can start with technical analysis.
Its also a good idea to get some kind of trading edge that will separate you from the rest of the competition. (aka.. those guys who are in the 95% category.)
Finally, you want to have the right mindset going for you. This is critical if you want to trade for the long term. If you are patient and take the right steps, I dont see why you cant have an early retirement. - 23305
About the Author:
If you want to take the time to learn to trade forex, then you need to go to the truth about forex.
posted by Mr. Forex at
3:19 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home