Friday, 12 July 2013

Can I become a successful trader

Mostly newbies ask this question, and I don't know why they don't have confidence upon their own skills and talent, they are fear of thinking that they will become a good trader, I want to get that fear out of them and want to tell them that everybody can be a good and successful trader, but what is needed? Of course, hard working and a lot of learning, mostly new traders don't know how to start learning and what to learn, so I would like to suggest them that they should start from the basics of forex, they need to learn a lot of things, they should keep this thing in their mind. Continuous learning is the main key to success, because with continuous learning a trader trade in market and gain experience. 

If you are a little bit educated and understand reading then you can learn a lot of things available in english language, but there is another solution for traders that they can also find their own home country man who is trader, I think he will teach people in their native language and this will help them to understand the forex trading better, but remember, forex trading is not a children play, it is a serious business to do.

First thing that all traders should keep in their mind is to learn and their first preference should be learning not earning, after learning they will have to practice a lot, so if a trader is joining this market for the sake of earning then he will have to make his mind clear that within approximately six months he will not earn a single penny from this market, and he will keep focusing on market and its learning, then I think a trader will perform better than other ordinary trader who jump in the market and think that forex is easy business to do and it is just buying / selling of currencies.