Sunday, July 17, 2011
Learning Forex Trading
I’m here to share with you learning forex trading. This is a very tough business for most people. An overwhelming amount of people that get involved in it lose money. This means only a small group of traders are earning all the profits. I think it really comes down to the fact that people don’t know how to think like a trader. It’s just something you don’t learn from school or from your parents. I’m going to share with you what I’ve learned from my experiences trading.
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Learning forex trading is finding out what you should be doing everyday. That first week will be pretty rough. It will all be a big adventure with scary monsters to fight. You’ll have highs and lows, but eventually you need to get past this. The key to success with anything is routine. You need to develop a routine because it is easy on the head. You don’t have to think about what you’re going to do, you just apply the routine. You’ll eventually get to the point where you can figure out what is working for you and what isn’t working for you. Hold onto what works, discard what isn’t.
Confidence is the key to learning forex trading. You have to have a little belief in what you’re doing. You have to be confident enough in your decisions. There are a lot of people that turn into a mental wreck everytime they make a trade.
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