Can you become a Forex Trader
You may have read adverts telling you how you can make thousands of pounds, dollars with just a few minutes of trading a day, no risk trading, guaranteed profits, enjoy holidays sitting on the beach trading a few minutes taking your profit and then back to the sun.
The reality is that you can make good money with just a few minutes trading a day, but you can lose a lot of money and more likely you will lose money. These adverts are mainly posted by Forex Trading companies that want you to trade on their platforms, now they dont want you to trade on their platforms and make money it would not make sense.The truth about becoming a newbie Forex trader is that the Forex market is not a get rich quick plan, but you can make a good living out of the market if you get the correct training at the begining.
Over 80% of day traders lose money Fact!, this is the reason why Forex companies want too sign you up. The main reason day traders lose money is they have no money management, or proper understanding of the market.
If you want become a Forex trader it sounds reasonable that as with any new job you will need some training. There are a lot of companies that offer free training, but will generally find out that these are companies explaining how to use their trading platforms. To choose a training course, you need to seek a independant company, that does not sell you add on's, has tutors that have vast trading experience working for banks or hedge funds. The course should cover fundamentals, how to use charts, trading strategies and money mangement. A classroom based course would offer the best solution to beginners.
The Forex market is an exciting market place and a good lifestyle can be attained, but you have to get the building blocks in place first and that starts with a training course
The reality is that you can make good money with just a few minutes trading a day, but you can lose a lot of money and more likely you will lose money. These adverts are mainly posted by Forex Trading companies that want you to trade on their platforms, now they dont want you to trade on their platforms and make money it would not make sense.The truth about becoming a newbie Forex trader is that the Forex market is not a get rich quick plan, but you can make a good living out of the market if you get the correct training at the begining.
Over 80% of day traders lose money Fact!, this is the reason why Forex companies want too sign you up. The main reason day traders lose money is they have no money management, or proper understanding of the market.
If you want become a Forex trader it sounds reasonable that as with any new job you will need some training. There are a lot of companies that offer free training, but will generally find out that these are companies explaining how to use their trading platforms. To choose a training course, you need to seek a independant company, that does not sell you add on's, has tutors that have vast trading experience working for banks or hedge funds. The course should cover fundamentals, how to use charts, trading strategies and money mangement. A classroom based course would offer the best solution to beginners.
The Forex market is an exciting market place and a good lifestyle can be attained, but you have to get the building blocks in place first and that starts with a training course