Forex Trading For Beginners


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 trading. 

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 open mind.

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.        




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