forex trading forex trading 2022

 First, becoming a millionaire in forex trading is not a question of chance. Some will learn during years and will never make money, some one year, but it’s not an exact science. Not everybody can be successful in trading or more globally in investing.

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THE FX-AGENCY ADVISOR 3 THE WORLDS LEADING MULTI-FUNCTIONAL HIGH END FOREX SYSTEM and be successful in FOREX trading

But let’s give a hint and increase your probability of making money in forex.

  1. Forget to dream about becoming rich. That’s not the point, you need to work hard and first being able to be positive at the end of the month
  2. Forget to find an holy grail. It doesn’t exist. So don’t loose your time looking for an amazing Expert Advisor or the perfect indicators
  3. Now that the right expectations are set start learning everything on forex. Babypips is a good and very full free content. You should spend a bit of time there in order to understand how Fx work, indicators, strategies, spread, leverage, pips etc.
  4. Now you got a global picture, open a demo account with a broker in order to familiarize yourself with the indicators. Select a good traditional broker, not an exotic one offering you sweaty bonus. Seriously, if you are excited for 100$ to open an account, you are not ready for real business.
  5. Define your trading strategy. Trading strategy is a combination between the indicators you feel the most confortable with and your psychology. How much time can you spend in front of your screen. Which risk aversion do you have. Are you most day trader, scalper, long term trading . Based on that, setup your screen with the indicators you like. Not too much, it’s not a Christmas tree!
  6. Get Capital. If you start trading with 5000$, it will be not possible to change it to 1M$ in 5 years. Yes, you can do sometimes 100% growth, but you will have to take immense risks. On 5 years it will not be sustainable. No professionals are able to do it, there is reason. Making a 25/50% a year, every year would already place you in the top traders of the world ! Sorry to be dream breaker, but there is realities. You can be lucky here, but you would took so much risk than you can loose everything as well
  7. Improve your resilience and your psychology. It’s the main driver of success or failure. No emotion, it’s not casino. If you set your expectations to high, be sure to fail.
  8. Market is king. Don’t set daily target. Sometimes nothing will move, don’t trade. It’s like sailing, when there is no wind, don’t sail. Do something else. In the other case you will probably take useless risk.
  9. Stick to your checklist: When you enter a market order, to be sure you are not operating under emotion
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