LEARN FOREX TRADING FROM ZERO TO HERO

LEARN FOREX TRADING FROM ZERO TO HERO


You want to learn forex from scratch? Woke ... I want to give a simple guide for you. Not use long! Remember, Forex trading from scratch. So this matter is for the true beginner in the world perforexan. wkkwkkwwk ...

Step 1 - Learn Forex Basics

If you are a new Forex traders who want to learn forex, the first thing you should do is to learn the basics of forex. You need to know what the Forex market and how it works. You also need to learn terms of economic indicators. In this cafe is available all, stay picky ... This self-service cafe, Mas! Hihihihi ...

In this step, you also need to learn the difference between fundamental analysis and technical analysis. You also need to open a demo account with a forex broker and get familiar with the process of placing a trade. You can also use this account to see the behavior of the Forex market and get familiar with the currency pairs are most common. You should also familiarize yourself with some essential forex sites. All the discussions I had this post in our Cafe. Diligent, industrious aja open the open the article in this cafe. While coffee-coffee please ... (real coffee or copy-copy of the article .. lol)

The last thing you need to do to complete the first step is to adopt the right mindset. You must enter the Forex market with the correct expectations and knowledge. You need to have realistic expectations about the Forex market and determine a plan to learn it. If in this cafe you can visit my articles here.

When you learn the basics of all, it's time to move on to step 2, woke?

Step 2 - Learn Technical Analysis

Technical analysis is probably the most important tool for a forex trader. When you learn how to properly read charts, you can begin to call yourself a trader. Cool Coy!

Time you need to complete step 2 depends on your technical analysis knowledge at the moment.

Well, you really need to learn or improve your knowledge of technical analysis. If in this cafe you can go here.

You can also learn in other places to learn technical analysis. Just ask the same Mbah Google, here you can learn about all the technical indicators of any kind. You can find out what your favorite technical indicators and how you can take advantage of them.
These lessons will improve your technical skills in analyzing forex. Steady Coy!

You must visit the resources and gain a good knowledge of technical analysis before you start step 3.

Step 3 - Plan How You'll Trading

Now you already have knowledge about the Forex market and on Technical Analysis, it's time to decide how you want to trade. Do you want to trade daily? Do you want in a swing trade? You can learn about this here. It all depends on your personality and when you should trade. There's nothing called the best trading style. The best trading style is the one that best suits your personality. If your personality is more suited to day trading, you probably will not be any other type of merchant. If you prefer or do not have time to stay in front of your screen all day, you may be better in the style of swing trading.

So, you own only one who can decide what kind of trader you want, not someone else. If you find choosing the style of swing you have to set your goals as well as the daily period and make sure that you will commit to trading Forex with this style, woke?

Step 4 - Develop Your Strategy

This is the most important step to master the Forex market. So, you have to dedicate a large amount of time for this step.

Now that you know already know what kind of trader you want and you realize about your goals, you are ready to determine your trading strategy.

You can use your technical expertise to analyze to determine the trading strategies from scratch. Determine and test thoroughly before you make real money for it.

Step 5 - Test Your Skills With Virtual Money

Now you have a good trading strategy or a good system, it's time to begin to test your strategy.

In this step, you should test your strategy with a demo account. With this test, you will be able to know how well your strategy and you will not risk a dime. You who do not have a "market" you can download here. I chose FXOpen mt4 brokers. Please make a Demo Account. The purpose of this demo account you can read in full here. Just 100% free tiisss tis tis! This account will allow you to grow as a reliable currency traders.

Step 6 - Have a Trading Diary

Make a detailed trading diary will make you grow as a good trader. This is what allows you to learn from your experience. Both usually have a trader trading diary, while the bad traders do not care about this.

In trading your diary, you have to annotate all the trades and explain all the reasons that made you take the trade. This I have explained here.

You should also annotate the speed of your mind when you enter the trade and for trade. Is there an economic releases when you enter the trade? If so, annotate on your trading diary. Technical indicators that you use to give a signal out, and you ignored? Well, do not be shy, write in your trading diary, and learn from your mistakes. Create your own report cards, later judged alone, hihihii .... if yes write ugly to use red markers. Later umpetin course, do not have the same love to know your teachers in school huh? Wkwkkwkwkw ...

All traders make mistakes. The difference between winners and losers are the winners tend to learn from those mistakes. Losers prefer to forget about them ... Setujuuuuuuuuuuuuu! Ben, ta dhewe answer!

If you want to be a winner, you must create a trading diary and make it detailed as much as possible. You can even take a few snapshots of the graph when you enter and exit trades and post them in your trading diary, so in the future, you can see the reason why you make decisions about the trade.

In the future, you can read a diary of your trading and learn about some of the mistakes you make. This will allow you to fix mistakes on your future trading.

Step 7 - Improve Risk Management and Discipline

Risk management is very important for merchants. If you want to achieve success consistently, you need to adopt a disciplined mind about the trade and improve your risk management rules as much as you can.

Do you have dedicated your time promise yourself to the Forex market?
Do you follow the rules of your strategy? If your answers to these questions is "no", you have to dedicate some of your energy to improve your discipline. The world's best traders are disciplined. Unless you learn how to conduct themselves to the Forex market and treat it like a business, you will not achieve success.

If you can not follow your own trading rules, you will not achieve success. So, it's important for you to increase your level of discipline. Analyzing trade your diary to see if you have discipline.

Have you noticed that only one loss you can take most of the profits that you've done? If so, it's because you have a bad risk management rules. My experience was so. Kapok! Kapok! Kapok!

Step 8 - Be patient and realistic

You need to be patient and have realistic expectations about the Forex market.
The truth is that the Forex market is difficult, and unless you work hard, you will not achieve consistent results. You must treat trading Forex as a business and you need to be patient. To become a professional trader, you will need time.

Do not set an ambitious goal. If you do, you will be frustrated when you realize that you can not reach it. Especially after you loss so much. When it starts ambitious haarus kemabli at that time also, the loss will be more and more. Believe me, many times pre newbie traders feel that. Stress bener! Remember, forex is not there to this day. Why not have the patience to wait for tomorrow?

When you define your goal in Forex trading, setting goals that are ambitious, then you will be swayed by the market. If you're just starting in the Forex market, setting the goal of achieving profit at the end of the month. No matter if it's a big advantage or not, but if you could start with a profit at the end of the month, you're on the right track.

If you are just beginning and set a goal like "I will make thousands of $ at the end of the month", you are only dreaming. This is the kind of unrealistic expectation that destroyed most of the beginners in Forex. If they set a goal like that, they started taking a big risk that they will achieve their goals. The worst part is when the risk of destroying their account, and they know that Forex trading is not a get rich quick opportunity.

Patience and realistic goals is really important for a Forex trader. If you define a good goal and you have the patience to work and improve your strategy, you're on the right track. Woke?

Step 9 - Set a budget and are committed to budget

Now that you're almost ready to trade real money, it's time to set a budget. You just have to commit some money to Forex. You may not use money that would affect your lifestyle if the loss occurred. Do not be taken from funds the kitchen, then even if the loss on the same beat wkwkwkkw wife ...!

If you start trading with money that you can not afford to lose, you will be nervous all the time and you'll make more mistakes. You will not be able to follow your strategy and you'll easily get your position if it conflicts with your fear.

The only way you can start trading Forex with the calm is setting the budget. Establish a budget and commit to the budget. So, if you determine that, for example, $ 1000 is your budget, if you lose money you do not deposit per cent on any account. Return to step 1 and start the whole process step by step again. Woke?

Step 10 - Enter the Market and Accept Responsibility

Before you trade with real money, take a few minutes and ask yourself if you have completed all previous steps. If your honest answer is yes, then you are ready. Otherwise, take time to review the previous steps to improve your skills before you enter your real money at risk acceptable.

Now you are ready to trade Forex, Forex brokers to choose my recommendation and open a real account: FXClearing or FXOpen. You can use a broker is the same where you have your demo account or any satunya.It's woke ...

When you start trading Forex, you must accept responsibility. When you make money you get all the credit. If you lose money, it's not the fault of the Forex market, was not my fault (give free forex signal) hihihii .... This is your fault. You need to continue to evaluate strategies and decisions so that you can become a wholesaler.


The market is always right, and you need to remember this all the time. If you find that your actions produce positive or negative results, you will be able to see your mistakes more easily and correct them as quickly as possible.

Good luck with your trading, huh? Ameen .