Learn Forex Trading Online – How to Become A Successful Trader
Everyone wants to know how to become a successful trader.
Is there a strategy that makes you very successful? Sure, a good working strategy is very important to be a successful forex trader. But only with a good strategy, you will unfortunately not be successful. There are a few important points to become a successful trader. I will now briefly discuss these points with you.
Good Strategy Of Successful Trader
As I mentioned earlier, a good strategy is very important. Keep testing these especially until you make much more profit than you lose. Get to know the forex pair well, observe this for a while very well so that you know exactly how it moves. Keep practicing your strategy on a demo account or a simulator until it is good enough to go live!
Good Risk Management Techniques
When you don’t have your risk under control at every trade, you simply open the door for the friendly but emotional neighbors to come in and dominate in your house. We promise it’s hard when you start trading at the Forex market. Because it is an emotional market. It’s hard to stop trading emotionally once you’ve started or even admit you’re trading emotionally. The game is about how much you lose or better said how you minimize your losses. Not about your winnings. We all have that gambling friend that always talks about his big winnings. He never tells you about the day he lost $1000 on one hand of Black Jack does he? A good example that shows you how important it is to minimize your losses. You don’t want to lose that $1000 you’ve won with 100 hands, on one hand, do you? So set your losing limit before you trade. This has to be an amount that your completely OK with losing. If you lose it’s just another day at the office.
Become A Successful Trader you have the right Mindset
The truth is a majority of all traders keep losing. There is a simple explanation: They enter the Forex market with wrong expectations. They think it’s a getting rich quick system. Traders like that have the thought by investing a thousand ($1,000,-) they will make $1.000.000 in a week. That’s just unrealistic. The Forex market is not a casino.
This unrealistic expectation can and will work against you and will brush your whole account away in a heartbeat. Again, don’t let emotions get the better of you. Ask yourself the question: “what am I willing to lose?” Always have the rule that you can explain why you make a certain decision. Your thoughts have to be robotic and emotionless.
These are the 3 most important points, of course, there are many more to be successful and profitable. If you have questions you can always contact me. And if you joined the forex boot camp you will, of course, learn all ins and outs!
Learn More About Forex Trading
Want to know more about trading in forex / trader mindset or do you want to join the forex group? The forex group is mainly English! Please contact me so that I can explain you much more about what we have to offer. And all your questions can be verbs.
Some scalpers are already satisfied with 1-5 PIPs. And you actually step out of a certain position very quickly, sometimes even within 5 minutes. A scalp trade is a trade that you can only keep up to 1 hour to get your pips. If you want to scalpe, you first have to look for a good broker. Because not every broker is happy with scalpers and also have certain rules where they do not allow scalping. So first look for a broker that has an attractive spread and where you should not hold a trade for at least a certain amount of time.
There are many traders who do not like scalps at all. The scalping of forex can sometimes go very fast and you should therefore always ensure good risk management. I scalp forex myself for a number of years and i love it! You are active in the forex market and you make a number of trades per day. You can make good money with it if you know what you are doing and which times are best to take a scalp position. In addition to scalping, I also do Swingtrades, but I do this next to them because you often keep them for a longer time for a nice profit.
Do you want to scalpe yourself but do not know exactly how? I will gladly explain everything about scalping. What are the perfect times and what kind of risk management is exactly sensible if you are a forex scalper. Feel free to contact me and who knows you will soon be a forex scalper at the top!
Get Good Forex Signals Service – The Forex Scalpers
Many people are looking for forex signals because if you have found the right signal service you can become very rich. But what if this signal service stops or the forex signals are no longer good? then you have to look for a new signal service and everyone knows that you do not find a good signal service very quickly. Often there are many scammers and they deliver totally wrong signals and then you blow your account!
Of course, this is not the intention, but it happens very often. You pay a nice amount per month for the signals and the signal service promises you golden mountains. A high profit and a minimal loss. Yet you often see the opposite and you blow one account after another account.
Professional Trader advice Signals Services
As a professional trader, I would certainly also advise against signal services, especially if you have no knowledge of trading yourself. Too often I see that the risk management of most signal services is completely wrong. They use a too high stop-loss on the profit they want to achieve. You also do not know if you do not have experience with trading when you can get the best out of a trade. And you follow the predetermined take profit and stop loss indiscriminately. That often goes wrong and you lose a lot of money again! Terrible sin, because if you learn to trade yourself, you have control. And you can earn a lot of money on your own. You know what risks you want to take and rely on your own trade. There is nothing better than making a good analysis yourself and seeing your profits grow.
My advice is therefore to never just get a signal service, if you do not know what trading forex means. First learn the basics of trading. And grow from there!
Want to know more about Forex Trading or do you want to join the forex group? The forex group is mainly English! Please contact me so that I can explain you much more about what we have to offer. And all your questions can be verbs.
We have developed a strategy that makes us more than 80% profitable.
Because in the forex world you really learn to fall and get up. Every beginning is difficult but in the world of it all went. Perhaps you have already lost a lot of money on the market? Therefore now you want to invest more in yourself. For example, you have a dream that we also had to be able to live from your trade, and to live well!
But with your will, patience and trust we can make you a successful trader with our Forex course Trading is mainly about reading, observing, analyzing and striking.
Firstly an important reason for the loss of approximately 90% of traders is that they are too lazy to do the work that is necessary to be successful. Another reason is that they do not have a trading plan. Likewise a trading plan is so important to get and be consistent. They guess, gamble and hope. Actually more gambling than they did. Either way, if you are willing to work hard and disciplined, you could once more belong to those 10% traders who are very successful with the Forex course.
“When I became a winner, I said, ‘I figured it out, but if I’m wrong, I’m getting the hell out, because I want to save my money and go on to the next trade.’” – Marty Schwartz
Want to know more about trading in forex or do you want to join the forex group? The Forex group is mainly English! Please contact me so that I can explain to you much more about what we have to offer.
Many traders wonder how exactly you find a good mentor in trading forex. Because do you have to search for a trader with a rich lifestyle? A mentor showing his expensive house, his expensive car or his expensive holidays?
Should he show his piles of money? or his expensive clothes? Does that show that he is a good trader? Maybe, maybe he deserved it all with trading in forex. And now he can enjoy a luxury life through the forex. But does it also make him a good mentor? Because a good trader is that immediately a good mentor?
The Forex Scalper Mentorship
Let’s just say it clearly, someone who shows a lot of his luxury life can indeed be a very good mentor. But it can also be a marketing truck to seduce you with the luxury life, so you can buy a worthless course by him sooner! Watch out for scammers and always ask first what someone (the mentor) can offer you. What exactly can he teach you in trading forex?
Does this forex mentor like to give you some free information does he have valuable analysis on his site or perhaps his social media?
Does he know what he is talking about? Or does he just sell you something and afterward he cannot tell anything about trading in forex? In the times that I am now a mentor, I have met many people who have been scammed in the past by so-called forex mentors. The big dose of information I give them opens their eyes. How they can actually be successful with the right mentor. The right mentor takes the time for you, and it is his goal to make you a top trader.
How to Find a Good One? Forex mentor
So please do not trap in all luxury photos, money what you see. Do not let yourself be tempted by it. But look at what this Forex Mentor has to offer you for information. Do not be scammed!
IC Markets True ECN trading environment allows you to trade online on institutional grade liquidity from the worlds leading investment banks and dark pool liquidity execution venues, allowing you to trade on spreads from 0.0 pips. You can now trade along side the worlds biggest banks and institutions with your order flowing straight into our true ECN environment.Trade in a true ECN environment with no dealing desk or price manipulation. IC Markets is the online forex broker of choice for high volume traders, scalpers and robots.
For USA & Canada clients i recommend FXChoice which is also a very good broker.