Most beginning traders think that it is easy to trade Forex because catchy commercials told them so. Some of them truly believe in some shady get-rich-quick schemes, which is certainly not the case.
Obviously, Forex does offer a sea of moneymaking opportunities. But that doesn’t mean you can start making tons of money off the bat without specific knowledge, skills and experience. It is vital to understand this concept if you want to become a wining trader.
Few Traders Actually Make Money. Why?
These days, almost every broker offers courses for beginners that last for couple of weeks. However, most of those diligent students eventually get losses instead of profits. Why? The answer is fairly simple: it is impossible to become a professional within days or even weeks. It takes much longer. Knowledge needs to be turned into skills. Professionalism comes with experience. You cannot become a winning trade after just learning the basics.
Trading like any other field of human activity needs the right approach. Do not trust those broking companies and dealing centers that promise you to turn you into winning traders within a couple of weeks. Chances are, they are just trying to make you deposit funds and start trading off the bat via their trading platform. They know that most beginners eventually lose. Therefore, most of the money deposited by beginners eventually becomes the broker’s money. Obviously, these days such brokers are very few. Anyway, the chance of becoming a winning trader with stable decent financial results is close to zero.
How to Become a Winning Forex Trader?
The only way to become a winning trader is through understanding the true essence of the market and exploiting it to get a competitive edge over other market participants. This is impossible without solid knowledge and decent skills. These can be acquired through practice and training.
Before opening a certain trade, you should be aware of many things. You should totally understand why you trade a certain asset, why you chose this very direction at this very moment. Essentially, to win in the long run, you just have to be able to put the odds in your favor. Fundamental and technical analyses are just tools that can help you to make it right. However, the trader’s mind and experience are the cornerstones of success.
On top of that, it is crucial to be able to stick to your own trading strategy without falling prey to multiple deterrents, including greed, fear and other emotions.
Having decided to become a professional trader, you should accept that the way to success is rough, tough and can be rather long. You just cannot turn into a master of Forex trading in an instance like in a fairy tale.
Diligence and patience along with a strong desire to succeed will eventually help you to reach your goals.
There is one more crucial thing that can help you to smoothen and shorten the way to success. It is about finding a good teacher.
In this aspect, Masterforex-V Academy offers a lot of training options for all kinds of traders. There is a free school for beginners. After finishing it, anyone can continue their training experience in one of multiple departments of Masterforex-V Academy.
One of the most popular and successful departments is the SRP Department of Masterforex-V Academy. The department can boast another achievement. A student named Peter managed to earn +144% within a week, hereby turning $100 into $243,87. Yet, this is wasn’t just some random trading or gambling. This was conservative trading based on solid understanding of market tendencies and powerful trading techniques.
The student himself says that his result is based mainly on exclusive teaching methods and powerful exclusive tools developed by local instructors and traders. The list of indicators includes AO_Zotik, WSmark, WPR_VSmark. All of them are the key elements of the SRP trading strategy.
The chart below, courtesy of the SRP Department of Masterforex-V Academy, shows Peter’s statement, which proves that he wasn’t gambling or playing bingo.
