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What to do next?

You’re next steps are simple, get your consistency by Trading price action patterns that work, and using a proven Forex strategy. Once you have this consistency make sure that you are Trading live and able to get similar results to when you were demo Trading.

Now simply rinse and repeat, only Trade when you see your edge in the Markets and continue to Trade price action patterns for profits. Make sure that you are Trade sizing so that as your account grows, you are risking more money per Trade, because if you are losing a little, you’re risking less per Trade. Use our Trade size calculator to do this.

Your next step now is to make sure that you get yourself in the proper environment and interact with other Traders, otherwise Trading Forex can become a lonely occupation.

It also helps to have a Trader coach or a Forex mentor who is more experienced in the Markets and can help you to refine your Trading approach and improve your Trading strategies. They should also be able to help you psychologically deal with Trading as the sums of money get larger.

Let’s get one thing straight. A lot of people start Trading Forex only to give up in 3 months’ time. They may start Trading again at some point, and you might find yourself in this position, but there’s one big problem.

Trading has to fit into your lifestyle. If it doesn’t fit into your lifestyle, you won’t carry on doing it. So many people start Trading small timeframes for hours at a time, put their lives on hold, and try to get rich quick. The sad fact is that this is very unlikely to work for them, as their having to force 4+ hours a day, to the detriment of the other things in their lives such as family, work and friends.

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