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