Educate Yourself Before Trading Forex
Life is beautiful. Did you see the movie, Beautiful Mind? It was about Professor John Nash who was a pioneer in Game Theory. He was awarded a Nobel Prize. Every moment of your life is beautiful. Develop new passions. Learn new things.
Once, tennis used to be my passion. I wanted to play tennis but my returns were very poor. My volleys were horrible. I had a very poor serve.
So, every evening, I would go to the tennis court and practice. I would watch how the good players used to play. Slowly, my game started improving. Winning and losing lies in your mind.
Everyday before entering the tennis court, I would imagine myself playing very well. Every defeat would strengthen my resolve to win. In six months, I had started defeating the good players who in the beginning did not consider me good.
Forex trading is like playing tennis for me. Everyday is like a battle. If you are good, surely you can defeat the currency markets. But to become good at forex trading, you have to do lot of learning and practice.
Your forex training should start by taking a forex trading course that digesting it in full. First prepare yourself only then enter the battlefield. You need to understand a lot of thinks before you start trading forex.
Your aim should be to master the currency markets. You should become an expert in predicting and interpreting price movements that drive the currencies in the short as well as long term. You must learn Technical Analysis.
Learn what the lagging indicators and what are the leading indicators. Lagging indicators depend on the past behavior of price action. Leading indicators predict the future likely course of the prices in the market.
Grasp every small detail. Go through example of successful trades given in the course. Open the charts learn how to apply the SMAs, EMAs, MACD, Bollinger Bands, Pivot Points etc.
Learn the money management principles. This is one thing that most traders simply skip. Do you know that in the end, it is good money and risk management that can make you a good trader? - 21396
Once, tennis used to be my passion. I wanted to play tennis but my returns were very poor. My volleys were horrible. I had a very poor serve.
So, every evening, I would go to the tennis court and practice. I would watch how the good players used to play. Slowly, my game started improving. Winning and losing lies in your mind.
Everyday before entering the tennis court, I would imagine myself playing very well. Every defeat would strengthen my resolve to win. In six months, I had started defeating the good players who in the beginning did not consider me good.
Forex trading is like playing tennis for me. Everyday is like a battle. If you are good, surely you can defeat the currency markets. But to become good at forex trading, you have to do lot of learning and practice.
Your forex training should start by taking a forex trading course that digesting it in full. First prepare yourself only then enter the battlefield. You need to understand a lot of thinks before you start trading forex.
Your aim should be to master the currency markets. You should become an expert in predicting and interpreting price movements that drive the currencies in the short as well as long term. You must learn Technical Analysis.
Learn what the lagging indicators and what are the leading indicators. Lagging indicators depend on the past behavior of price action. Leading indicators predict the future likely course of the prices in the market.
Grasp every small detail. Go through example of successful trades given in the course. Open the charts learn how to apply the SMAs, EMAs, MACD, Bollinger Bands, Pivot Points etc.
Learn the money management principles. This is one thing that most traders simply skip. Do you know that in the end, it is good money and risk management that can make you a good trader? - 21396
About the Author:
Mr. Ahmad Hassam has done Masters from Harvard University. He is interested in investing, stock and forex trading. Know the Best Forex Trading Course. Discover a revolutionary new Forex Robot.
posted by X - Men @ 1:59 AM
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