Forex Trading Education
This is a beautiful life. I enjoy everyday of my life by learning new thinks. I have played sports. I have done trading. Whatever, I have done in life; first I try to learn everything about it. If something interests me, I learn it first before doing it.
I remember I used to be very fond of playing tennis. The whole day, I would wait when I would enter the tennis court in the evening. In the beginning, I was not a good tennis player. By buying a tennis racket or a golf set, you do not become a good player. This is only the first step. You have to make an effort.
The whole day I would wait when evening would come and I could play tennis. I would do wall practice. So, I would practice and practice. Sometimes, I would play with my coach.
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.
The most important steps for you to grasp is to how to identify the behavior of the market at a certain point in time. You can only do this by learning Technical Analysis.
Understand the use of indicators. Learn how to analyze charts. Know what are lagging indicators and what leading indicators are. Try to figure out how price action is taking place at a certain point in time.
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.
Many traders dont give much importance to money management principles. Money management is the most important thing for a successful trader to know and understand. Never ever put more than 1% of your equity on risk in a single trade. - 23218
I remember I used to be very fond of playing tennis. The whole day, I would wait when I would enter the tennis court in the evening. In the beginning, I was not a good tennis player. By buying a tennis racket or a golf set, you do not become a good player. This is only the first step. You have to make an effort.
The whole day I would wait when evening would come and I could play tennis. I would do wall practice. So, I would practice and practice. Sometimes, I would play with my coach.
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.
The most important steps for you to grasp is to how to identify the behavior of the market at a certain point in time. You can only do this by learning Technical Analysis.
Understand the use of indicators. Learn how to analyze charts. Know what are lagging indicators and what leading indicators are. Try to figure out how price action is taking place at a certain point in time.
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.
Many traders dont give much importance to money management principles. Money management is the most important thing for a successful trader to know and understand. Never ever put more than 1% of your equity on risk in a single trade. - 23218
About the Author:
Mr. Ahmad Hassam has done Masters from Harvard University. He is interested in investing, options and forex trading. Know the Best Forex Trading Course. Discover a revolutionary new Forex Robot.
posted by X - Men @ 1:16 AM
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