BREAKING!!!
FOREX TRADING CAN TRULY MAKE YOU RICH.
HOW?
ENSURE YOU READ TO THE END IF YOU CARE TO KNOW HOW!
Based on my three years trading experience, I can boldly say forex trading business can definitely make you rich, if you truly have a burning desire to consciously learn all it takes to be consistently profitable from the market. My mentor used to say: "success is not a fantasy, it is a formula". Any one that is eager and determined to know the formula can be a successful and profitable trader.
The major reason why 99% of traders fail while just only 1% succeed is nothing but ADEQUATE KNOWLEDGE; With the right knowledge and trading strategy that has an edge in the live market, and proper risk management of 1-2% of your capital per trade and the right trader's emotional psychology there is no limit to how much you can earn depending on your capital of investment, you can earn an extra 5%, 10%, 20% even 50% of your investment per month all things being equal.
Please note that forex trading is not a get rich quick scheme but get rich slow business, you have to go through a rigorous process of acquiring the right knowledge and skills. In fact I consider forex as one of the greatest High Income Skills that any one which desire to be financially free for the rest of his/her life can acquire.
Three things you should know before you can be consistently profitable in the largest market in the word which is forex market are as follows:
1. Get the right education:
Educate yourself first. Learn how the market works, how it moves and why. Learn pure price action trading strategy, pure top-down technical analysis. This is further broken down into three segments:
-Right Strategy
-Proper Risk Management
-Self-discipline (traders' mindset, emotions, realistic expectation)
2. Choose the right broker for you:
To succeed in forex trading you need a good and reliable forex broker. know the difference between a good broker and a great broker. Ensure your broker is well regulated by reliable financial authority. This broker will enable you to open both demo and real trading account on their platform. To get started you can open a demo account with a broker in order to practice what you have learnt on a demo account with the live marker. Exness broker is recommended and has proven to be good and reliable broker.
3. Plan your trade and trade your plan:
Have a trading plan and stick to it. If you truly want to have consistent profits then you must have a consistent trading plan that you follow each time you trade and stick to it. A strong trading plan could and will move you from disaster to master. If you do not plan your trade, how will you know if what you are doing is working or not? The prepared trader plans their trade before entering the market, while the unprepared trader enters the market and then tries to figure it out.
In conclusion, if you can seriously follow the processes listed above and meticulously practice them, then you become mastery of it and consequently you are on your way to riches and in no time you become consistently profitable.
Thanks for reading to the end, I hope you derived value from this content.
To your success,
Theophilus S.