A Few Things You Should Know And Do To Reach Financial Freedom Through Currency Trading
With the amazing growth of the FOREX market,
you will see a multitude of unfortunate FOREX traders lose
all their money. Unfortunately, they
haven't followed the basic steps I have laid out for you.
Study these steps and give yourself the greatest opportunity to
reach your goals.
1. Believe In Yourself
In order to reach the caliber of an exceptional FOREX trader,
you must trust in yourself and your FOREX resources and learning
experiences. Barring any robots (see #6 below), you must be willing and
amenable to make all of your own trading decisions, instead of
relying on anyone else, their ideas or ability (or lack of).
You will ensure you are prepared before putting any money on the line.
2. Determine The Type of Trader You Are
There are a multitude of ways to trade the FOREX.
They vary from subdued to very active. You have
to decide which style 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.
3. There is a Learning Curve, Accept It!
Unless you are a experienced trader, you are guaranteed to
lose money trading the FOREX market - unless you hire a "terminator" - see
#6 below. This is as sure-fire 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 reality every single trading day. You will go off the beaten path
and will not risk a dollar until you have completely
acquired the skills you will need to make money trading the FOREX.
4. Become a FOREX Knowledge Sponge
Education is the most expedient and least expensive path to
exceptional FOREX trading. You will reach your goals and desires quicker
with a proper FOREX trading education, regardless of how lofty
your goals are. Take some time to test different options before deciding
on who to rely upon with your FOREX trading education plans.
You will abbreviate your learning curve significantly
with the most suitable course and materials.
5. Education Never Ends
It is strongly recommended that you continually
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.
6. Hiring a Robot 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 twin killers of
many potentially good trades. One example is exiting a trade prematurely.
A FOREX "terminator" removes all of
this emotional difficulty. A bonus is that
you do not have to think! The robot runs quietly on your desktop
PC or (better yet) on a secure, reliable, data center 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 desire and
ability to be independent. Almost all traders are
willing to follow experts, signals, robots, expert advisers, systems, strategies,
or anything else you may call them. By taking this approach, however,
these traders are only as good as the people and systems they follow.
An exceptional FOREX trader will lead.
Their decisions and objectives will be calculated and analyzed to almost near
perfection. They will make choices with no hesitation,
and handle the growth of their accounts in a deterministic,
intelligent manner. Raise your FOREX trading to their highest
level and you will consider anything else.
by: Chris J Gucci
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A Few Things You Should Know And Do To Reach Financial Freedom Through Currency Trading