They say only professionals can make money in financial markets. It is true to some extent. The thing is that only 3-5%. Still, there are shortcuts to becoming a professional FX trader. In this article we are going to share with you some success stories of plain guys who managed to get from rookies to pros over a relatively short period of time.
Profitable FX trading is an art. Few people actually make money in the long run. However, they weren’t born professionals, which means you can also become an FX pro if you are ready to study and overcome challenges.
According to Eugene Olkhovsky, who is the leading expert in financial markets for Masterforex-V Academy, says that most traders habitually repeat the same mistakes. One of the biggest mistakes a trader can make is the lack of a solid foundation – knowledge and skills – which is the result of decent education.
Most traders spend years to learn how to at least avoid major losses, not to mention profitable trading. However, provided that you have found a good mentor to teach you how to become a winning FX trader, you can truly become one within a relatively short period of time.
Multiple success stories confirm this fact. At first sight, the stories look unreal but the truth is that they are true and numerous among Masterforex-V Academy students. They prove that FX trading is not some kind of gambling. It may well be a major source of income from anyone who wants to succeed and is ready to act no matter what.
Forex Success Stories
A student named Alex was interviewed by Market Leader and shared his success story. When asked about how he came to Forex, he answered that it was accidental. He clicked a Forex banner on a website to find out more about Forex. There was a period of bad luck, which is typical of most rookie traders out there. Then he discovered Masterforex-V Academy and started his journey from rookies to FX pros. At this point, Alex is working on his own trading strategy based on what he learned from his mentors.
As for his trading day, Alex starts it from analyzing the market and making a strategic trading plan. Then he analyzes the tactic plans shared by senior Masterforex-V Academy members.
Another student of Masterforex-V Academy named Dmitry shocked the trading community with his amazing results in 2014. Over the period of September 24th through November 8th, he conducted 178 trades with only 12 losers! This is amazing!
The initial equity was $7772+$5764. The trader managed to expand it all the way up to $57 541 and withdraw $36 749. There will always be losing trades. You need to focus on the ration between losers and winners and do your best to shift the balance towards the winners to succeed in FX trading. Even though the risk was pretty high, the trader still succeeded since it was confident. Now, he is planning to go deeper into learning study another trading strategy by Masterforex-V Academy with low risk and decent profitability 10%-30% per month.
Most FX traders have been trading currencies through MetaTrader 4 for many years. Indeed, this has been the most popular FX trading software, the industry’s standard so to say. There is no denying the fact that this piece of trading software is convenient, multifunctional, and makes it possible to use custom trading robots written in MQL4.
Masterforex-V Expo: Best FX Brokers for Social Trading. July 2016
Without any doubt, the evolution of the contemporary Forex industry is still underway. New tendencies emerge every year. At this point, there is another brand-new trend in FX trading. It is called social trading. Indeed, at this point, it seems to be one of the most popular new trends in the entire industry. In simple words, social trading boil down to uniting all FX traders into a single global network, which provides them with a decent chance to make use of the expertise shared by other fellow traders.
Masterforex-V Expo: Best STP FX Brokers in July 2016
Today we are going to find out what the STP technology really is and what are the best FX brokers out there using this technology to offer their traders better trading conditions. Basically speaking, the so-called STP technology and STP-based trading software boils down to making sure the trader gets access to the real market and true market prices while getting their orders executed directly, without any third party involved.
According to the recent report released by New Zealand’s official statistical agency, the country’s trade balance stats slightly deteriorated in June 2016. To be more specific, the external trade surplus shrank over the reporting period. The key reason for this is said to be lower exports.
Forex. EURUSD. Euro Weakens Against Dollar Amid Business Climate Figures
According to the recent report released by IFO, the overall business climate in Germany, which is the Eurozone’s biggest and strongest economy, has dropped a little bit in this month when adjusted to seasonality.
Forex. USDCAD. Canadian Dollar Weakens Amid Inflation Figures
According to the recent report released by Statistics Canada, the annual rate of inflation in the country reached 1,5% in June 2016. Market Leader reminds you that the rate of inflation has been staying well below the 2% target set by the Bank of Canada for 5 months in a row.
Forex. U.S. Dollar Raises Against Other Majors Amid U.S. Housing Market Figures
The U.S. Department of Trade has released another report on the American housing market. The report indicates that the amount of new apartments increased in June 2016. IT is also should be noted that the stats for the previous months were revised as well and happened to be slightly higher than indicated by the preliminary reports.
Masterforex-V Expo: Best FX Affiliate Offers. July 2016
Today you can find almost every other FX broker out there offer their own affiliate programs to help their businesses expand through attracting new clients. Affiliates help those companies to accomplish this task in exchange for a generous fee, which means this kind of business fairly profitable to individuals and small businesses.
During the recent G20 summit in Beijing, the British Minister of Finance said the UK is ready for tax changes and budget spending changes in the near future. According to him, the budget will depend on the future economic figures seen over the next 3 months.
NordFX Names TOP 10 FX Signal Providers in July 2016
Today, Forex trading has definitely become more intuitive and even more affordable to plain folks. Even newbies just getting their feet wet in FX trading and investing can actually kick-start their careers by capitalizing on never-ending innovative products and services leading to stunning and consistent profits at reduced risk.