Home / Forex & Currency Exchange News / Professional Forex Trader – 3 must haves before you begin

Professional Forex Trader – 3 must haves before you begin

professional forex trader
I started as a professional forex trader to make money, and I didn’t have a plan. Can you guess what happened? Yes that’s right I blew my account rather fast, it is a good thing it was a micro account with only $100.00,  but it would have been better if it were a demo trading account. The way that I started to trade forex is the way that many of us start our trading careers. By acting on impulse and without a plan on how we are going to achieve success. Unfortunately, that is not how it should be done. There is a right way to begin your trading career that maybe just maybe you can avoid two or 3 margin calls before you get warmed up.

Before I talk about the right steps to take I want to ask all of you out there a question. Do you Love what you do? I remember working at my job and while I was on the job I was miserable all day long and I hated my work. I finally found something that I don’t just like I love. Did you ever have dreams when you were young about that special career that just never seemed to happen? I think to be truly fulfilled in life you should attempt to find something that you love to do. In my case, it was trading forex and running this site. I hope that you are able to find something that is truly what you have been dreaming of doing. So now for the sake of this site which is all about Forex Trading, that you have decided that you want to trade forex as your new career.

 

So you want to Trade Forex???

That is a great goal and I admire anyone that attempts to make that happen but please don’t jump in without taking the necessary steps to ensure success and learning how to become a professional forex trader. Here are 3 steps that you must take in order to trade forex for a living-  I am listing these in order of importance.

1. Have your financial house in order – If you are trying to start to trade forex to get yourself out of a financial jam or to make money quick because you need cash. Then stop right now and don’t do that because that is a recipe for disaster. If you don’t have the money to trade then don’t trade plain and simple. I am not trying to dash your dreams but if you begin trading with money that you can’t afford to lose then the psychological pressure will be too high and you will lose everything.

2. Find the Forex Right System – Having a system and a strategy that works is crucial to trading success. This must be figured out before going on to trade forex for a living. Take the time to find the best forex platform.

3. Turn a profit! — I know people that have quit their jobs to trade and they were still losing money. Please provide for yourself a winning track record that has proven profitable over a period of time.

I hope that you have benefited from the tips on how to trade Forex for a living. I am always referring to Winners Edge Trading as a Forex Company that truly cares and desires to help. So I have decided to add financial and career coaching as a service available to Forex Traders. The truth is you don’t have your financial life in order you will struggle and I want for each of you to be able to focus 100% on trading and not have money matters on the back of your mind.

 

Click Here For Original Source Of The Article

About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

Check Also

The New MT5: Is It Worth Trading?

The New MT5: Is It Worth Trading?

By Admiral Markets Dear traders, As you probably know, the industry is slowly but steadily shifting towards MT5. In my opinion, MT5 is the future of retail trading. Let’s find out what special about this new, revamped platform! Hedging allowed No FIFO rule Fundamental calendar integrated Commerce Integration Improved charting and time frames Exclusive first-class […]

Leave a Reply

Your email address will not be published. Required fields are marked *

css.php