Is Forex trading recommended for beginners?
All traders started at some point, and starting fresh has advantages.
Having a mentor does have it’s advantages as well.
There are investors, and there are traders.
When I started I was working in a factory where people worked their whole life, and although I do respect those men, it was not for me.
Back then traders still worked on the floor and had nice colorful jackets which to me represented professionalism. That’s the mindset I took and still have. That’s also what I like to see in certain people I deal with. Then the day came where we could trade by computer wherever there was internet available. My dream came true and knew this was for me. Currently starting traders have all the advantages and this tool has been made very easy. It’s a great way to make an income, so yes I do recommend Forex Trading, but you have to know what you’re doing or you should let a trader manage your account who makes it work for you.
I’ve posted how to create a strategy, and this may help you, or you can find a mentor who is willing to take you to the kitchen.
Trading a demo is key when starting, learn from it and use it to build your strategy.
(See my previous post for tips on how to do that)
When you have the drive to make it, you can, but think it through before deciding this is really what you want. Be smart and think for yourself, because no matter the opinions or rules anyone else has, including mine, you are the one that determines your future.
Good Luck,
Having a mentor does have it’s advantages as well.
There are investors, and there are traders.
When I started I was working in a factory where people worked their whole life, and although I do respect those men, it was not for me.
Back then traders still worked on the floor and had nice colorful jackets which to me represented professionalism. That’s the mindset I took and still have. That’s also what I like to see in certain people I deal with. Then the day came where we could trade by computer wherever there was internet available. My dream came true and knew this was for me. Currently starting traders have all the advantages and this tool has been made very easy. It’s a great way to make an income, so yes I do recommend Forex Trading, but you have to know what you’re doing or you should let a trader manage your account who makes it work for you.
I’ve posted how to create a strategy, and this may help you, or you can find a mentor who is willing to take you to the kitchen.
Trading a demo is key when starting, learn from it and use it to build your strategy.
(See my previous post for tips on how to do that)
When you have the drive to make it, you can, but think it through before deciding this is really what you want. Be smart and think for yourself, because no matter the opinions or rules anyone else has, including mine, you are the one that determines your future.
Good Luck,
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