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Posted on Dec 10, 2014 at 07:23 PM
follow these 3 points and you are sure to have a successful career in Forex
1 – Learn. Learning cannot be overemphasized. You have to become an expert in your business, and that’s certainly true if your business is currency trading. The majority of learning comes from live trading and experience; a trader should learn everything possible about the Forex markets, including the geopolitical and economic factors that affect a trader's preferred currencies.
Fortunately, at InstaForex Nigeria, you can get access to free training at both beginners and advance training which comes with two-month mentorship. You need to put in the time and effort to always be learning how to improve your trading.
2 – Find Follow and Adhere to a Strict Strategy. This entails not only an overall objective for your trading activities, but also a plan for each trade. Take your time to find a good strategy (e.g using the Alligator Indicator Strategy) and once found, stick to it (till you find another tested and trusted strategy).
It’s amazing how many traders discard a basically sound strategy just because it has a few losing trades. They forget all the times it worked wonderfully. No trading strategy is going to work every time – nothing’s perfect. But I’ve found that a number of times when I thought, “Oh, this strategy doesn’t work”, that I’d often lost money not because of the strategy but because I’d departed from the strategy.
3 – Be Patient. You want to start Forex with $100 and make a million in six months, right? Here’s the truth: Starting a Forex with $100 and making a million dollars in less than two years is fast! When you’re only seeing $5 or $10 profits, it doesn’t feel like you’re getting anywhere.
You want to be already up there making the “big coin”. But you simply have to steel yourself to being patient, to being content with gradually increasing your equity. Treat Forex as a business and not a gamble. Just averaging small daily profits will make those million dollars a reality.
For enquiries about the free training and mentorship or about helping you find a good, solid trading strategy, feel free to reach us by clicking HERE.