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How to be a good forex trader?




Learn all you can about forex trading. (babypips.com is a good place to learn everything about currency trading).

There are also books

There are many books out there too. The best book ever on trade is "trade on their way to financial freedom" by Van Tharp. He has a degree corny, but it's a really great book!

Risk Management

Learn about the different forms of risk management (not just how / when to buy or sell). Keep your small losses on every trade. It can take years to learn and become good. It is an ongoing, never-ending journey.

Consider this

Or you could find a trading system that has already been used or tested and proven to work long term. This is not perfect or ideal, but it is certainly better than doing a lot of expensive testing and time-consuming and error yourself. This will make things much easier for you, but first learn lots.

2 comentarios:

Amelia said...

Nice. I totally agree with all the points that you have mentioned to become a good Forex trader. I am planning to pursue a trading course but is not confident about this idea. I like the idea of using a trading system that is already tested. Thanks for sharing.
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Blogger said...

I suggest that you go with the #1 Forex broker - eToro.

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