How to get started investing in the Forex Market

The topic of investment is one which has intrigued me for many years. After reading the book “Rich Dad Poor Dad” by Robert Kiyosaki, I was determined on moving from being self-employed to either becoming an investor or a business owner. One has to access their strengths and weaknesses though. I was never the type of person with the desire or ability to properly manage teams of people and in combination with some other factors such as the cost of starting a business, investing seemed to be a more suitable option to me. This also gave me the ability to continue along my path as a freelance website designer so I had that stream of income to always fall back on.

So why did I eventually decide to invest in the forex market? Well, Forex is a trillion-dollar industry which allows you to make short term and long-term investments. Other options such as stocks, bonds, mutual funds are suitable for long term investments and you need to have the mindset and patience to allow these investments to grow overtime over the span of 10+ years. I wanted an option that can allow me to see good returns in a year’s time and this was forex.

As someone who had a very rocky start (blowing my account twice), I can tell you that one of the most important things to have is the proper education to be able to read the market and enter profitable trades. The issue is that the average joe does not have any idea where they can get this education. Watching YouTube videos here and there might give you some tips but may not be comprehensive enough to turn you into a successful trader. Another issue that faces the average joe is time. It takes time to learn how to trade effectively and many people either do not have or do not believe they can afford to sacrifice the time for this while still having to work a regular job. What was instrumental to my success was finding a support system to assist me to trade successfully. I found this in a company known as iMarkets Live.

iMarkets Live is a company that offers different products which you can use to help you to become a successful trader. What is awesome is that whether you want to learn to become a professional trader or whether you do not want to learn to trade but still make profits from the forex market, there are products geared towards this. Let me give you a brief description of these products which have been an enormous help to me.

1. IML Academy - IML Academy contains hours upon hours of educational videos, taking you from an absolute beginner and teaching you everything you need to know to become a successful trader. Everything from understanding what is a pip, understanding support and resistance, to understanding the Elliot Wave Principle and so much more. The CEO of the company himself is one of the instructors in the IML Academy.
2. IML TV - Maybe you don’t like pre-recorded videos and you like to have live analysis of the current market. Well IML TV is what you are looking for. Approximately 70 hours of live sessions take place every week on IML TV. There are sessions to cover the London Session, US session, Forex Basics for the new comers, sessions which help you properly use some of the products, and much more. I also love the fact that the instructors are not people hiding behind a screen. I am friends with 2 of the educators on Facebook and communicating with them has been wonderful. In a few of these session live trades are sometimes given out so you can earn while your learn.
3. FX Signals Live - This is a product for the people who just do not have the time to trade and would prefer have a professional do the trading for them. This is a mirror trader. You connect your brokerage account with this product and select a trader to mirror. The trading history and statistics of every trader is publicly available even for people who are not members of the company. So you can look at each trader’s track record and select a trader to mirror.
4. IML Fusion Trader - IML Fusion Trader follows the same concept as the FX signals live. The only difference is that these traders are much more aggressive so there is a higher potential for faster profits with higher risks as well.
5. Harmonic Scanner - The Harmonic Scanner is an invaluable tool that searches the markets for harmonic patterns. In addition, it also marks out the entry points, take profit points and stop losses. The Scanner has an excellent track record of about 85% successful trades. There are many educational videos in the IML Academy as well as a live session on IML TV dedicated to helping you to use this tool properly to be able to determine which trades are the best to take and exactly when to enter the trade.
6. Swipe Trades - Swipe Trades is an app that you install on your mobile device. Through this app, one of the professional traders along with the CEO himself sends the best trades they see from the markets, with the entry points, take profits and stop losses to you. You simply copy and paste information into your MT4 app on your phone or you can type it into the MT4 software on your PC. It is as simple as that.
7. Daily Swing Trades - A couple times for the week the CEO will publish a video with an analysis of a trade or a few trades he has found that he likes. You get his explanation, and possible things to look for in the upcoming hours or days to be able to make a decision on whether or not to take the trade.

I have grown leaps and bounds because of IMarkets Live. Does it come with a cost? Of course! But how often do you get tremendous value for free? The value greatly outweighs the cost. I can now look at the charts, draw up my weekly, daily and hourly support and resistance, draw trendlines, identify price reversal zones, identify trends and corrections, and determine the ideal time to enter and exit trades. I also have a community of traders that I can bounce my ideas of. If you are a professional trader then you probably do not need any of this but for the average person, it is essential to have some kind of support to help you along your way. I tried to do it myself and failed miserably. I do not want you to do the same. This is an avenue where you can become financially independent and start generating generational wealth that you can pass on to your children. Forex is an excellent investment option. Watch the video below and Get Started Today.