Forex Training
Life is beautiful. Did you see the movie, Beautiful Mind? It was about Professor John Nash who was a pioneer in Game Theory. He was awarded a Nobel Prize. Every moment of your life is beautiful. Develop new passions. Learn new things.
Just like by buying tennis racquet or a golf set wont make you a good tennis or a gold player. When as a boy, I started playing tennis; I was a very poor player. Good tennis player would not play with me. But I had an ambition to become a good tennis player.
The whole day I would wait when evening would come and I could play tennis. I would do wall practice. So, I would practice and practice. Sometimes, I would play with my coach.
I had an ambition. I had a dream. I wanted to be known as a good tennis player. Winning and losing lies in your mind. If you have seen the movie, The Secret, it explains the secret of success very beautifully.
Becoming a successful forex trader should be your dream. Learn everything you can about forex. Practice and practice! Dont rush.
Your forex training should start by taking a forex trading course that digesting it in full. First prepare yourself only then enter the battlefield. You need to understand a lot of thinks before you start trading forex.
The most important steps for you to grasp is to how to identify the behavior of the market at a certain point in time. You can only do this by learning Technical Analysis.
Understand the use of indicators. Learn how to analyze charts. Know what are lagging indicators and what leading indicators are. Try to figure out how price action is taking place at a certain point in time.
Know what is the support and resistance at that point. Develop your perspective about the market. You should understand depth what are SMAs, EMAs, MACD, Bollinger Bands etc and how to interpret price action through them. Understanding use of Pivot Points is must for you to predict whether the currency market is bearish or bullish.
Understanding the principles of money management is must for you. Do not put more than 1% of your account on a single trade. Many traders overlook money management but it is the thing that will determine your long term success. - 23200
Just like by buying tennis racquet or a golf set wont make you a good tennis or a gold player. When as a boy, I started playing tennis; I was a very poor player. Good tennis player would not play with me. But I had an ambition to become a good tennis player.
The whole day I would wait when evening would come and I could play tennis. I would do wall practice. So, I would practice and practice. Sometimes, I would play with my coach.
I had an ambition. I had a dream. I wanted to be known as a good tennis player. Winning and losing lies in your mind. If you have seen the movie, The Secret, it explains the secret of success very beautifully.
Becoming a successful forex trader should be your dream. Learn everything you can about forex. Practice and practice! Dont rush.
Your forex training should start by taking a forex trading course that digesting it in full. First prepare yourself only then enter the battlefield. You need to understand a lot of thinks before you start trading forex.
The most important steps for you to grasp is to how to identify the behavior of the market at a certain point in time. You can only do this by learning Technical Analysis.
Understand the use of indicators. Learn how to analyze charts. Know what are lagging indicators and what leading indicators are. Try to figure out how price action is taking place at a certain point in time.
Know what is the support and resistance at that point. Develop your perspective about the market. You should understand depth what are SMAs, EMAs, MACD, Bollinger Bands etc and how to interpret price action through them. Understanding use of Pivot Points is must for you to predict whether the currency market is bearish or bullish.
Understanding the principles of money management is must for you. Do not put more than 1% of your account on a single trade. Many traders overlook money management but it is the thing that will determine your long term success. - 23200
About the Author:
Mr. Ahmad Hassam has done Masters from Harvard University. He is interested in online trading; stock and forex trading. Know the Best Forex Trading Course. Discover a revolutionary new Forex Robot.
posted by X - Men @ 12:54 AM
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