Some Things You Must Know And Do To Reach Financial Freedom Through Currency Trading
Finance → Stocks, Bond & Forex
- Author Chris J Gucci
- Published July 15, 2010
- Word count 648
With the astonishing growth of the FOREX market,
you will see a multitude of unfortunate FOREX traders lose
all their money. Unfortunately, they
haven't followed the easy steps I have laid out for you.
Study these steps and give yourself the greatest chance to
reach your goals.
- Believe In Yourself
In order to reach the level of an exceptional FOREX trader,
you must be confident in yourself and your FOREX resources and learning
experiences. Barring any robots (see #6 below), you must be willing and
able to make all of your own trading decisions, instead of
depending on anyone else, their thoughts or ability (or lack of).
You will ensure you are prepared before putting any money on the line.
- Determine The Type of Trader You Are
There are a multitude of ways to trade the currency markets.
They vary from subdued to volatile. You have
to decide which temperament suits you best. This is why the ideal time
to learn this about yourself is by trading a demo account (strongly recommended).
In this manner, you will not lose any money in the learning process - the "school of
hard knocks" is not recommended for FOREX trading.
- There is a Learning Curve, Accept It!
Unless you are a expert trader, you are guaranteed to
lose money trading the FOREX market - unless you hire a "terminator" - see
#6 below. This is as reliable as the sunrise. I don't
mention this to talk you out of FOREX trading. In fact, I am
only trying to make you think with all of the facts
in order to succeed. You will be trading against others that fail to
realize this fact every single trading day. You will go off the beaten path
and will not risk a dime until you have completely
learned the skills you will need to make money trading the FOREX.
- Become a Master
Education is the shortest and cheapest path to
exceptional FOREX trading. You will reach your goals and desires quicker
with a proper FOREX trading education, regardless of how ambitious
your goals are. Take some time to test different options before deciding
on who to trust with your FOREX trading education objectives.
You will abbreviate your learning curve significantly
with the most suitable course and materials.
- Education Forever
It is highly recommended that you constantly
add to your depth of knowledge and knowledge base. Your education is a never ending
goal. One of the key attributes characteristic of an exceptional FOREX course
is continuing and frequent education. You should have an ongoing relationship with the person/people
helping you to achieve your goals.
- Hiring a "Terminator" May Be the Best Recommendation of All
Just as in the movie terminators, a FOREX robot "terminator" performs trading without
emotion - fear, greed, ego. Emotion - especially fear and greed are the dual killers of
many otherwise good trades. One example is exiting a trade too early or late.
A FOREX robot avoids all of
this emotional difficulty. A side benefit is that
you do not have to think! The robot runs quietly on your home
PC or (better yet) on a secure, reliable, remote server (also known
as "VPS" for Virtual Private Server). More on that in my forthcoming articles.
What separates an elite FOREX trader from all others is their want and
ability to be objective. Almost all traders are
willing to follow experts, signals, robots, expert advisers, systems, strategies,
or anything else you may call them. In this way, however,
these traders are as limited as the people and systems they follow.
An exceptional FOREX trader will take the initiative.
Their decisions and objectives will be calculated and analyzed to almost near
perfection. They will make decisions with no hesitation,
and master the growth of their accounts in a deterministic,
intelligent manner. Take your currency trading to their highest
level and you will never look back.
If you liked the above FOREX article by Chris Gucci, please visit our site for crucial information if you trade FOREX or plan to: HOT FOREX Info. Why trade FOREX the hard way? [http://www.zeropointfx.com](http://www.zeropointfx.com)
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Is First Nexus Legit or SCAM? - Review of firstnexus.io
- Send Money to Tanzania: Effortless Transfers with SafariRemit
- Who owns the most Bitcoin?
- Fintechzoom IBM Stock: Powerful!
- Bitcoin FintechZoom
- Unraveling the Dynamics of High-Frequency Trading (HFT) Operations
- Memecoin craze: PepeTurk could be next
- How To Evaluate A Company Before Investing In Its Stock
- 5 Ways to Make Money from Stocks in 2023
- A Beginner's Guide to Forex Trading: Tips and Strategies for Success
- Understanding Currency Trading: A Beginner's Guide To How The Market Works
- A Recession Is When Your Neighbor Loses His Job
- Inflation Is Gas Powered
- The Failure Of Global Supply Lines
- California's Energy Crisis
- The Day Charles Schwab Bought Lunch
- Where to learn how to Trade Stocks for Beginners?
- Bank Guarantees BG and Standby Letters Of Credit SBLC
- Q3 2022 Investor Conference & Events Highlights
- IPOs and SPACs Come Full Circle as Liquidity Dries
- What is a Structured Settlement Annuity?
- Are you in Rat Race?
- Weimar America?
- Stock Loans: A great, safe alternative for listed companies and stockholders alike.
- IPCAPITAL:IPCapital's AIA BOT System is Transforming Forex Algorithmic Trading
- Insights on Where to Buy and Sell Bitcoin Instantly
- What Are Forex Signals?
- Investing In Stocks
- Blockchain strategies and approaches
- Why is it worth having your savings in a different currency?