When it comes to forex trading, beginners are really
intimidated by the whole process. I certainly empathize with them because I have been there
myself. I know for a fact that one of the hardest things for a new trader to do is start
trading on a live account coming from a demo account. Some of them lack so much
confidence that they never seem to get off of demos.
They feel as if only experienced traders have what it
takes to succeed in forex trading. But unless you take that step forward and say good
riddance to their demo accounts.
But as far as only experienced traders succeeding, to
this I say "that's rubbish". In fact, most beginners are better suited to making money
in the forex market.
To begin with, most (although not
all) experienced traders tend to be extremely stubborn. Many of them feel
like they know everything there is to know when it comes to forex
However if you look at many of their trading
accounts, you would definitely think otherwise.
So what happens is that they are extremely quick to
judge any other trader who is not using the same trading methodology as they are. This is one
of the many mistakes that experienced traders make. They need to have more of an
That is what is so great about being in the
beginning stages of learning about forex
trading. Everything is so new to you that you are open to learning as much as you
can about trading. This is a great attitude to have.
But don't make the same mistakes that a bunch of
other traders make during their beginning stages. Don't fall for the "shortcut" mentality
that so many new traders seem to fall prey to.
If I can make a suggestion to you, it would have to
be that you really take your time to learn. Don't rush things. There will be plenty of
time to build your brokerage account with a forex trading
review. Don't have the mentality of "I need to be rich by next week".
Forex trading is not gambling. You are in this
for the long haul. It's not like a vacation in Las Vegas. Remember that trading is a
marathon, not a sprint.