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Friday, 29 July 20:04 (GMT -05:00)



Foreign exchange market

Tips for Forex Rookies: Trading Forex Profitably


 

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.

 

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