How To Become A Better Forex Trader?


DO you want to get success in Forex trading so that you can also earn good amount of money.I am going to share my own knowledge how I got success in Forex which might help you to learn and earn.By reading this article you can know how I became a better trader.

How To Become A Better Forex Trader?

Forex market is very big and daily turnover is around 4 trillion USD.
And due to it runs on Internet all Forex brokers running there advertisement on different web site to attract new customers.
Forex ads are generally come in this type-
I MADE $ 700 in 2 hr.
MY MONEY GOT DOUBLED IN ONE WEEK.

All those ads attract and biased new traders.
And they start depositing money and start trade without knowing the real logic behind this success.

If they earn money by luck they get over confident and trade frequently and finally loss, and who made loss from initial days either stop trading or they deposit more money so that they can recover their previous losses.
But nobody realizes that due to lack of knowledge they are losing money.
So this clearly indicates that learning and gaining knowledge about Forex market only the way by which you can get success in Forex and able to earn handsome profit.

Then the question arises what to learn and how to learn?



I am sharing my own experience.



When I joined Forex trading on second day I lost $ 100 USD as I had neither knowledge of Forex market nor the operation of MT4 trading platform.
After the lost I stopped trading for 2 month then once I start searching on Google about Forex learning and many more key words which provides me lot of Forex related articles.

Then I joined one Forex forum and discuss with other members I found that most of members have faced loss and want to recover and only 5 or 10 experts are giving them answer and advise.

Then I started concentrating on reading those articles and where ever I found doubt I start posting question in that Forum and I found interesting answers also.
Then I got to know about DEMO trading and I joined that. Whatever I learn from the books and articles and from that forum I just place order according to my knowledge and see the result.

Some time it come positive, some time negative, some time range bound, I learn a lot from that, money management, patience, experience to face volatile market etc.
So learning and demo practice can definitely increase your knowledge and make you a better trader.

N.B-
Never ever thinks you can become rich by overnight.

Never think to open with a small deposit margin account.

Take sufficient time to check your own knowledge level in demo practice until you get sure of more than 75% accuracy of your strategy.

Start real trading with atleast $ 200 USD and keep a back of another $ 200 USD to deposit if the first deposit gets lost.

Work hard at initial days for learning and gaining knowledge and after that implement smartly to get maximum positive result with minimum losses.

Never borrow money from friends to start Forex trading as that keep you pressure and force to do over trade to quick return.


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