Oct 21, 2020
3 mins read
What it takes to be a Forex trader
There are hundreds of websites explaining the basic trading principles needed to get started. How to set up a trading account, how to trade forex, how to direct profits and even how to use indicators. But there are very few articles that explain how to "be" a professional. This article will describe the character that a forex trader needs to have to reach the next level and also explain what kind of person survives and thrives long after the learning curve. If you are thinking of trading forex, this article may be the most important read of the year.
A worthy goal
Alternatively, a trading career is specially designed so that beginners can become familiar with the basics of trading and gain confidence and competence much more quickly. Forex traders no longer have to wait months or years to start seeing returns, but they are still a long way from being a master until they invest time and effort.
Hours in a day
Whenever someone assumes a goal worthy of time / money investment, they need to understand what sacrifices need to be made. It's the same story, whether you plan on owning a business, a pop star, a sports legend or a professional. Growing and producing more means becoming more, knowing more, which means learning, experiencing and giving up certain comforts.
Work, sleep, TV, fitness, relationships, there is a long list of things that consume our daily hours. Most people feel that they have no free time, except for a few hours at night and on weekends, and rarely believe that there is another way. The truth is that we make time for the things that are important to us. So, what do you buy time for? If your daily life is full, you will need to put something on hold. Try to target something that doesn't have much value. Also, remember that trading can be exciting and fun, and can replace something that offers a similar experience.
Success is found in the journey
As a first class athlete, you will have to eliminate some bad habits if you want to rise above the crowd. When other people are spending your money, you will be building knowledge and experience at home. And when others watch irrational TV programs while they wait to sleep, you watch tutorials, news and tips. As others are watching their lives fall apart from lack of focused action, you will be watching your life grow along with your knowledge.
The learning curve
When you are asking yourself new questions and looking for answers, new opportunities often arise. Open doors that were previously invisible. You will see the world under new eyes, meet new people and perhaps see a future in a way that you never dreamed possible.
Simply put. If you do nothing, you are bound to get the same until it ends. After reaching the inevitable dead end, things usually go from bad to worse. Alternatively, your world may be a reflection of your actions and ambitions. By improving yourself, improving your skills and your education, you can begin to see a different future that many people envy. As with all of these trips, sometimes the hardest part is getting started.
The professional's first steps
First, you need to commit to the idea of success. 100% effort, without stopping until you get what you want. The basics of trading will start your engine, but you will need a lot more to reach a distant destination. You need to register for a trading account. Familiarize yourself with the trading software by trying the demo account without risk. Within a day, your app will be approved and your account will be ready for you to start targeting real profits.
Trading Basics: The Last Tip
It was shown over and over again. People who made it to the top of their fields went through very specific challenges before they became financially independent. Keep learning, keep moving forward. Let the resistance guide you. "Easy" is a skill that you have already mastered or is something that takes you in the wrong direction. If it is difficult, complicated, time consuming and few people know how to do it, it is probably a good direction. Finally, don't give up. The only guarantee you will get from trading or any other advance in life is that you will never get there if you never try.
Start simple. Sign up for exness and get a free account. Close Facebook and start playing with the demo account and see if trading is an exciting challenge or a stressful battle. You will know when you are ready to advance to the next level.