If you want to learn trading , but confused where to start , what materials you need to learn first , and forex details . You do not immediately give up . Indeed I found many novice traders have given up the stage when only understand the basics of forex trading . All because a lot of beginners forex wrong in finding a good forex learning media . One interpretation of the forex can make a beginner forex is something that is considered risky .
So how do I learn the most effective trading ?
Stage 1 : Learning the basics of the theory of the webAccording to my own experience and the experiences shared from some other traders , the most effective way to master forex actually turned out to learn on their own . Own learning point is that you can learn with the help of a web that has educational materials or programs forex free / paid . Average is a system of learning material with easy stages and with mild language that has been simplified so that more interesting to continue to read .
Learn forex with self-taught , meaning you have to committed yourself . Diligent and do not easily discouraged . Continue to follow every stage in the material until you are worthy of success . It would be better if you have a friend who is more senior trader for the term is used as a guide or mentor . Do not misunderstand , mentor here is not the place for everything you lean and cheating . But more to the point mentor to ask and consult about issues that you find the time to learn forex or when practice in metatrader .
Stage 2 : Learning the practice of trading ( virtual account )Once you successfully learn the basics of forex , you continue to learn the theory of forex especially technical knowledge . For example, how to use the trading platform that you will use to trade forex . I used to learn from the web , opening the trading platform with a demo account of course , in order to directly apply the theory I read . I use a virtual account first in order to avoid a fatal loss .
Phase 3 : Develop a trading system ( which is considered the most suitable )You can test a wide variety of trial and error indicators and a variety of systems that may be collected when you learn forex , eventually you will find a trading system that you feel is most appropriate . Are supposed to be , which is able to realize your financial targets . Whether it's psychological condition , financial condition or state of the background of your activities , such as how much time you can take to make this trade and when you can trade without interfering with your routine activities . One thing you should know that a trading system is not always suitable for all traders . So you should not slavishly imitate other people's trading system , although the system has been shown to work well . Adjustments you need to do so the system is fit for you .
Step 4 : Perform trading with a live accountOnce you pass the test the trading system competence and generate consistent profit ratios , please try trading with a live account . Principles of deposit , make sure you use this benchmark to make a deposit base that is deposited only nominal amounts that you are prepared to lose . Do not make a deposit with the funds that you have the allocation for other needs . You do not need to be pessimistic because as many brokers who deposit a minimum of only $ 5 . All you have to control only the quantity (lot ) in each position . This is where you will be tested in the margin management .
Step 5 : Continue to learnEven if you 've studied the theory of experts and successful forex to do virtual trading , you will not be a guarantee of immediate success also in a live account . In fact , not a few friends and friends of traders who succeed in the virtual but fails when live trading . In any case the amount of time you trade to be influential in honing your trading skills , especially mental shape and positive psychology to be a reliable trader . Do not be disappointed if there is no correlation between the results of your demo and live trading .
It is advisable to join a community of traders on the site or subscribe to learn trading is up - to-date as Campus of FOREX . mental support and sharing of technical problems to help you and encourage you to continue to train yourself . By doing social with the trader , you will be expected to quickly rise again enthusiasm to learn and try again when live trading conditions fail .
So how do I learn the most effective trading ?
Stage 1 : Learning the basics of the theory of the webAccording to my own experience and the experiences shared from some other traders , the most effective way to master forex actually turned out to learn on their own . Own learning point is that you can learn with the help of a web that has educational materials or programs forex free / paid . Average is a system of learning material with easy stages and with mild language that has been simplified so that more interesting to continue to read .
Learn forex with self-taught , meaning you have to committed yourself . Diligent and do not easily discouraged . Continue to follow every stage in the material until you are worthy of success . It would be better if you have a friend who is more senior trader for the term is used as a guide or mentor . Do not misunderstand , mentor here is not the place for everything you lean and cheating . But more to the point mentor to ask and consult about issues that you find the time to learn forex or when practice in metatrader .
Stage 2 : Learning the practice of trading ( virtual account )Once you successfully learn the basics of forex , you continue to learn the theory of forex especially technical knowledge . For example, how to use the trading platform that you will use to trade forex . I used to learn from the web , opening the trading platform with a demo account of course , in order to directly apply the theory I read . I use a virtual account first in order to avoid a fatal loss .
Phase 3 : Develop a trading system ( which is considered the most suitable )You can test a wide variety of trial and error indicators and a variety of systems that may be collected when you learn forex , eventually you will find a trading system that you feel is most appropriate . Are supposed to be , which is able to realize your financial targets . Whether it's psychological condition , financial condition or state of the background of your activities , such as how much time you can take to make this trade and when you can trade without interfering with your routine activities . One thing you should know that a trading system is not always suitable for all traders . So you should not slavishly imitate other people's trading system , although the system has been shown to work well . Adjustments you need to do so the system is fit for you .
Step 4 : Perform trading with a live accountOnce you pass the test the trading system competence and generate consistent profit ratios , please try trading with a live account . Principles of deposit , make sure you use this benchmark to make a deposit base that is deposited only nominal amounts that you are prepared to lose . Do not make a deposit with the funds that you have the allocation for other needs . You do not need to be pessimistic because as many brokers who deposit a minimum of only $ 5 . All you have to control only the quantity (lot ) in each position . This is where you will be tested in the margin management .
Step 5 : Continue to learnEven if you 've studied the theory of experts and successful forex to do virtual trading , you will not be a guarantee of immediate success also in a live account . In fact , not a few friends and friends of traders who succeed in the virtual but fails when live trading . In any case the amount of time you trade to be influential in honing your trading skills , especially mental shape and positive psychology to be a reliable trader . Do not be disappointed if there is no correlation between the results of your demo and live trading .
It is advisable to join a community of traders on the site or subscribe to learn trading is up - to-date as Campus of FOREX . mental support and sharing of technical problems to help you and encourage you to continue to train yourself . By doing social with the trader , you will be expected to quickly rise again enthusiasm to learn and try again when live trading conditions fail .
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We love the world of forex. Sharing information about forex is our way of showing happiness. Therefore we made a "Campus of FOREX" as a portal to learn forex.
Forex is not something to fear, but fear when you are not able to control yourself in the forex or whatever. When profit in forex it becomes your personal responsibility, and when you lose in forex it also becomes your personal responsibility. Forex simply as a facility to achieve financial freedom, no more no less. Forex is a place to think realistically.
Being successful in forex, it means you are committed to establish a disciplined and thoughtful character. Forex may be the best mirror of your true character. Forex is just forex.
Happy reading.
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