I have been a trader for over 25 years and have seen most things booms, busts, extraordinary life changing events, the rise of the internet and here I am going to give new traders what I Consider the best currency advice I can in terms of getting started in the exciting world of forex trading...
The first bit of advice I would give you is, don't think currency trading is a walk in the park - its not.
The rewards of currency trading are high and it's important to get the right education and don't believe anyone who tells you that you can make easy money. Forget all the forex robots with there fake track records, or sure fire trading systems at the end of the day they won't help you.
Trading is a personal experience where you have to construct a forex trading strategy and apply it yourself with discipline.
You can get a lot of good education free online and you should approach the markets by using forex charts.
By trading with charts you can simply trade price changes as you see them on a chart and you can learn this skill in a few weeks and soon be making big profits for just 30 minutes work or less per day.
You only need a simple robust forex trading system and forget about anyone who tells you there is some hidden market order in terms of a scientific theory - there isn't and applying complicated theories is doomed to failure, as they have too many elements to break. Keep it simple and keep it robust. I have used the same system for over 25 years and NEVER changed it. Sure it's not perfect, no system is however it makes money and that at the end of the day is the aim of currency trading.
The real challenge of currency trading is maintaining discipline and my currency trading advice here would be - it sounds simple but it is actually very hard and most traders never master it.
If you are a currency trader you are going to have a strong of losses which will last for weeks ( even the best traders do), what you have to do is to keep executing your plan with discipline through this losing period, until you hit a home run which you will, if your forex trading strategy is soundly based. You have to lose to win and many people simply can't take this and throw in the towel.
They can't stay disciplined and if you cannot apply a system with discipline, you simply don't have one.
Currency trading is a unique challenge, anyone can learn to trade but most fail because they cannot accept responsibility, follow others, or get the wrong education.
If you take responsibility for your destiny and get a simple forex system, you understand and can apply with discipline; you can enjoy currency trading success.
The world of currency trading is one where you can enjoy success with a great second income, or even a life changing income, if you have the right education and a disciplined mindset.
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