There is no such thing as too much money. That is why the search of decent moneymaking opportunities has always been and will always be one of the key and most burning issues for an average human being. On top of that, this holds especially true when the global economy shows signs of weakness and is about to stagnate, thereby affecting the buying power of most people around the globe.
Under such circumstances, most people give up and dream of a better life someday while struggling financially today. At the same time, some other guys dare do something to achieve their financial goals and to stop struggling financially. They stand out from the crowd since they do something else apart from just daydreaming.
They keep on seeking new moneymaking opportunities and finally to financial markets. It is not accidental since we are living in the digital era where people use computers and the Internet intensively. I mean if you are an internet user, you probably saw a catchy ad promising you a way out of your financial struggle. All those Forex brokers and binary options brokers promise to open you a world of financial abundance…
Indeed, trading financial markets can actually be fairly profitable and taking your life to a whole new level by brining financial freedom and abundance in your life. Still, it is possible only if you actually know what you are doing. This is the first pitfall for all those rookies who come to Forex to make big money fast. They fall prey to YouTube commercials and various banners promising you an easy and abundant life free of financial struggle. Still, they somehow fail to tell you that in order to reach this abundance and financial freedom, first you should become one of the very few experts in trading (or at least to make use of the trading signals generated by such guys). As a result, most of those rookies come to Forex excited and looking forward to making big bucks day in day out only to get disappointed later when they lose everything and finding out that the market is not as friendly as they thought.
Indeed, profitable trading requires time, effort and sometimes money. By the way, that is why some many people who sought freebies and lost their money in financial markets are the source of those endless rumors and delusions that Forex is a scam designed to deprive people of their money. They do not understand that you should be a master in any field to succeed and to make big money. Forex is not exception. Forex is not for amateurs and compulsive gamblers. It is for true professionals.
What Is Required To Start Successful Forex Career?
As usual, we asked true Forex experts from Masterforex-V Academy to highlight the issue. The experts strongly recommend that every rookie trader should take a professional course and professional coaching along with training on demo accounts before they actually start trading for their own money. Solid fundamentals will help you to get up and running pretty fast. Still, the training process should be continuous and progressive until you feel pretty comfortable with trading currencies or any other assets along with showing consistent results over the long run. Speaking about coaching, you can start your Forex education at Masterforex-V Academy’s FREE online school for rookies. Yes, the school is completely free. It is much better than some of those paid 2-week online courses.
Theory and Practice
The average cost of an online course on Forex trading is a couple of hundred dollars (sometimes eve thousands of dollars). At the same time, most Forex brokers have free educational materials designed to get some fundamentals of trading so as to let rookies learn the basics of trading. Still, such courses won’t teach you how to trade Forex profitably. By most rookies underestimate the importance of in-depth, comprehensive learning and mastering all the skills required to be successful in this field of human activity. As a result, most of them start trading off the bat. Those who are lucky to get an up-streak become overconfident only to find themselves losing every bit of their trading capital later.
I order to avoid such disappointment, it is crucial to be consistent in what you are doing. Basics and demo-trading first, professional coaching and live trading second.
Experts: Forex Is Not Scam, Sound Risk Management Needed
Market Leader asked some of the best experts of Masterforex-V Academy about the peculiarities of successful trading career. This is what they answered:
In order to answer how much can you earn from trading Forex, it is necessary to find out whether it is possible to trade Forex profitably at all. Some people thing that Forex is just another big-scale scam designed to make people lose money.
OK, you CAN become a professional winning trader and you CAN make money by trading currencies. Forex is NOT a scam. Still, a winning trader combines a lot of crucial features and things. Trading is hard and easy at the same time.
If you are a responsible person capable of making weighted and unbiased decisions, setting and reaching ambitious goals, sticking to the rules, then you can ultimately become a very successful trader. With that said, you can earn really big money.
There are several stages of professionalism in the learning curve, when it comes to the profession of a Forex trader:
The first stage is all about learning the fundamentals and getting comfortable with the trading software and the peculiarities of the very Forex market. The basics are really important since you need to have a rock-solid base in order to build heavy walls of knowledge, skills and experience…
The second stage is about finding or developing a profitable trading strategy (including risk management) and finding a reputable broker to work with. The strategy should include fundamental and technical / wave analysis coupled with trading volume analysis. You can take your time to develop your own strategy (this is a rather long and hard way) or you can find a true professional to ask him to teach you everything about his own profitable trading strategy. By the way, you can do it at Masterforex-V Academy, Europe’ Best Online Forex Coaching Website since 2009.
For example, you can learn the SRP strategy taught at the SRP Department of Masterforex-V Academy. The strategy is based on the exclusive (constantly updated) indicators - АО_Zotik and WRP_Vsmark.
The chart below shows you the trading performance of a student who has been learning the strategy for less than 12 months. In 51 trades, he confidently boosted his capital by nearly 20%. This is a live account (micro / cent trading). The ultimate goal is to leach a student how to apply the strategy under constantly changing market conditions
Here is the statement:
If you want to become a confident winning trader, you are welcome to join the big and united family of Masterforex-V Academy. Good trading!
