Remember that the Forex Markets have a huge amount of profit potential, and absolutely anyone can learn how to Trade Forex online from the comfort of their own home. Not everyone makes it. It takes patience and discipline to become a successful Forex Trader, but it is definitely worth the effort.
Learning how to Trade Forex needn’t take up lots of your time. You can learn how to Trade the Markets in as little as 20-30 minutes a day. You can also create an immediate income, but you need to know 2 very important things. You need to know what to do, and when to do it.
How to Trade Forex… your first steps
Your first steps when learning how to Trade the Market is to get some high quality Trading education. Remember even Benjamin Franklin said that an “investment in knowledge always pays the highest return”. Get the basics covered so that you know price action patterns, cyclicity and which are the best charts to Trade. But don’t forget the most important part, which is to make sure that you have a proven Forex Trading strategy.
While you’re learning how to Trade the Market make sure that you’re practicing what you’re learning with a Forex demo account. It’s important to put into practice what you think you’ve learnt, so that you can see exactly what you’ve remembered.
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.