Both in life and in financial markets, the strongest survive. This statement is hard to disprove since benefiting from trading financial markets like Forex is a business that requires diligence, patience, experience, skills and a profitable strategy. The strongest in financial markets are those guys who are quick to adapt to the rapidly changing environment of contemporary financial markets and those who do not panic when the market goes against their predictions and common sense (which is sometimes the case).
With that said, the ability to profit from Forex, stock, indices or commodities is an art rather than a science. Stats show that only 5% to 10% of market participants make money over the long run. Most of this tiny but powerful group is represented by the so-called “smart money”. Therefore, the ability to foresee the smart money’s next move makes you an outstanding trader capable of making a fortune by trading Forex, the world’s biggest financial market where people trade and exchange foreign currencies.
Tips for Rookies: How to Succeed in Forex Trading?
More often than not, people lose money in financial markets like Forex. Still, it is not about Forex being a scam. It is just about the amateurish approach to trading most rookie traders apply to trading. Masterforex-V Academy experts say that most rookies make the same mistakes. According to Eugene Olkhovsky (Canada), Masterforex-V Academy’s leading expert, it is all about the lack of financial literacy, skills and experience along with patience and some other key aspects necessary to succeed in trading.
While some traders make mistakes because they cannot behave otherwise, others do it because they lack experience, knowledge and skills. But all of them follow the crowd instead of following the smart money.
Under such circumstances, the best way out for an average rookie to get up and running fast is to apply for professional coaching. Alex, a student of Masterforex-V Academy, shared his learning experience with Market Leader. His experience shows that Forex can actually be a major source of income…
Alex Shares Learning Experience
When asked about his acquaintance with Forex, he said that he came to Forex the same way most rookies do – via internet banners promising a bright financial future. He used to try to invest in HYIPs, which ended up with losing a substantial amount of money. So, he decided to start learning how to trade Forex on his own.
At first, he tried to learn the basics of Forex trading on his own. Still, there is too much information on the topic. So, without professional support, it was difficult to tell “good” from “evil”. It was information overload. This is what Alex says next:
“Then I tried several courses under several broking companies, which seem to be good at giving me the base but still failed to teach me how to trade Forex profitably. By the time I realized it, I had already lost 50% of my deposit. So, I decided to suspend live trading and to find a truly good mentor. One day when I was searching the web for professional Forex coaching, I came cross Masterforex-V Academy. I got curious and started reading the content, which was surprisingly good. Most of the information given there is unique and cannot be found elsewhere. Moreover, it is useful for rookies as well as for intermediate and advanced traders. The more I studied there, the more I saw students succeeding and the more I wanted to repeat their success. The Academy includes a lot of departments. Still, I decided to choose the SRP Department (based on the AO_Zotik and WPR_VSmark indicators). The theory was followed 9 months of daily practice. We presume ties with mentors and the rest of the group even after the course was over. On top of that, in order to refresh and update the knowledge and skills, the local coaches conduct weekly webinars for the students. Moreover, the SRP Department provides daily analytics to help the students make more decent decision…”
When asked about the results of coaching, Alex responded:
“Apparently, it is faster, better and more efficient to learn to trade Forex under professional supervision than to lean on your own without help…
They say practice makes perfect. I practiced a lot and this brought fruit in the form of stable and considerable profits.”
This is how Alex’s statement looks like after months of practice:
The bottom line is that almost anyone can become an expert in trading Forex or any other financial market provided that he/she has support and enough practice under professional supervision. If you want to start a successful trading career, you are welcome to join Masterforex-V Academy, Europe’s Best Online Forex Coaching Website since 2009.
