What steps should I follow to become a Forex trader?
Thank Loerin for A2A, You should:
- Know that Forex trading is not an easy path to success; you need to find YOUR WAY to beat 95% of traders out there in the markets, and those traders are same as you: smart, have the money to go all in with you and are brave enough to choose this path.
- If you decide to choose this way, you will need:
a. Proper basic knowledge:
i. Learn it from Learn Forex Trading With BabyPips.com
ii. Learn basic candlestick from Steve Nelson’s book
iii. Learn the life of a trader
b. Equip yourself with health: eat proper food, stay away from alcohol, sleep before 23:00 and sweat in sport at least once a day.
c. Train yourself in discipline: during tough times, you need to not forget the main target. It is best is train yourself to wake earlier for sport, daily. I suggest running for the simple yet effective exercise.
d. Train yourself on not letting emotion drive you: go for meditation. - Train yourself at labour and work hard for any good reason, not for money, as this will lift you off from the money drive and show you been driven for a good reason. You will face a lot of problems at work but, since you do not work for money, you will learn how to handle a lot of hard situations that give you skills in Forex trading later.
Regards,
Will Vu - Forex Investors since 2006
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