Gotcha! I knew most would be interested in this topic. If you are not one of them, then you can close this page straight away. Go ahead, no hard feeling for sure.
Still here? Then you must be serious about this. So please stay and read.
Definitely there are both options for you to choose, the hard way vs the easy way. But bear in mind that either way, there are always risk involved. So let me share both options here for you to consider.
THE HARD WAY
1. Study the basics and fundamentals of trading.
2. Attend classrooms, training and seminars.
3. Put extra effort in reading the charts and analyzing the market every day and week.
4. Sleep less due to over commitment to trading and watching the chart, especially when you are new.
5. Read every single books and articles that you can find about trading.
6. Develop your own system and method of trading through trial and errors.
7. Experience losing your hard earned money and strive to improve your trading skills every day.
8. Start with small accounts and put a mission to grow it gradually.
9. Learn, learn and learn.
THE EASY WAY
1. Put your money on somebody you trust to trade, make a deal on the profit sharing arrangement.
2. Use and rely fully on EA's (Expert Advisor) and Robots.
3. Subscribe to any signal provider and just follow.
4. Open multiple small positions and pairs. See what happen and close the one in blue and leave the one in red until it becomes blue, or until your account get the Margin Call. Huhu.
5. Only trade with the extra money that you are willing to lose. Not the one that you obtained from a personal loan or your hard earned savings. I mean you really don't mind losing these money.
6. Gamble. Deposit into your real account, take maximum leverage and go gung-ho with your trading with all-or-nothing attitude. Seriously you may get rich quicker if you manage to get it right every time. Do this if you think risk is just a playground to you.
Enough? Maybe not. You see the point here is that you have options in your hand. You just have to choose which one. If you opt for the easy way, chances of turning yourself into a real trader is very much less compared to the hard way.
In my honest opinion, it is all about process. In order for you to become good at something, it takes effort and hard works. When you hear or see someone saying that it doesn't have to be hard or painstaking, most of the time these people are trying to sell you something. Normally, the reality is a total inverse to what they said.
I don't mean to scare you or distance you away from this trading arena. No, that is not my intention. I just want to highlight that you need to put efforts, patience, discipline and time for you to really develop yourself into something at anything that you do. There is no shortcuts.
Once you make progress from one level to another, then the sense of ease will come automatically. Ask a degree students who are pursuing their masters as well as masters students who are pursuing their PhD's. Chances you will get the same answers on their difficulties. But if you reverse the situation, PhD students would say that pursuing their master was not that difficult as well as masters students would say about their degrees.
But during the process of pursuing it, of course they have to face many challenges and obstacles that stood along the way. Only after overcoming them, or learn on how to overcome them, they would feel that things are actually not that difficult as they first thought it was.
So back to trading forex, yes there are easy ways for you to trade the market. You don't need to use all the indicators available as well as studying the fundamental of each pair to the level that you have to know the birthday of the Japanese Prime Minister. Definitely it is not necessary. But for you to come to that level, you just need to past through certain processes that will turn your maturity from a beginner, amateur, professional to a master trader who can later share his knowledge and experiences to develop new traders in the market.
Even after 9 years of doing this, personally I still feel that there is always something new to learn and experience from the market on daily basis. It is endless indeed. But thank god, the knowledge and experience gained are beyond satisfactory level and the process that I had gone through seems to be priceless. Perhaps it is high time to share this with other aspiring traders like you.
On the same note, please guard yourself from scammers. There are just too many out there. If you are not careful, you will probably be their next prey. So please be careful.
Nice blog. I believe that Forex trading is never easy. The best way is to hire a best broker and make profit with Forex trading.
ReplyDeleteIndeed... but the majority are just too lazy to spend time learning, and these are taken as business opportunities by the scammers and irresponsible by offering lessons and signals at hefty cost... too many nowadays...
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