So You Want To Be A Foreign Currency or Forex (Fx) Trader?

So you want to be a profitable Foreign Currency or Forex (Fx) Trader?

I’m not here to give you the big sales pitch, I believe in being upfront about the challenges of such an undertaking, so here goes:

If you do want to be a profitable Forex Trader then you need to treat this as you would any other Professional job, which means it takes Training, Understanding, Hard Work, Experience in the markets, Time, Support and sufficient Trading Capital to become consistently profitable.

It shouldn’t be treated as a ‘Get Rich Quick’ scheme, as may be advertised by some Trader Training Companies.   I’ve said this before but I’ll say it again, it is more of a ‘Get Rich Slowly’ undertaking provided that you have the right Trader education and training and follow up support and implement your strategies with Patience and Discipline and proper Risk and Money Management.  It is probably one of the hardest things you will ever attempt in your life.

You shouldn’t try and become a Trader if: Continue reading

Meet, Greet, Live & Learn

The most interesting thing about trading is that you never stop learning; there are so many different ways of trading the markets and many differing viewpoints.  It appears to be a continual quest, which makes for a fascinating occupation.

Probably the worst part of being a retail trader (apart from losing money!) is that it can be a particularly lonely thing to undertake day after day.  It is down to you, your views, your analysis and your decisions.

To ameliorate both points I offer the following: Continue reading