How to Trade Forex

Firstly I like to say do not let yourself get hyped out by all the various marketing pitches you see out there in Forex trading. There’s a lot of strange stuff out there. There is a lot of stuff that is touting something for nothing and the like.

But I want to tell you that Forex trading is very real and it’s very big. If you have ambitions to make a lot of money by compounding your account overtime then Forex is the place to be.  You just have to learn how to trade Forex!

But the secret to success in Forex Trading is to get yourself out of the hype. Get yourself out of the emotional goose chase. Stops chasing thrills and excitement from Trading and start looking for solid opportunities that can get you at a profit over time. Stack those solid trading profits and compound them for an ever-growing account that can also give you ever-growing position sizes therefore allowing you to create net worth and cash flow at the same time.

Other than that you can train the USA stock market but there’s no leverage there and there is a extremely high cost to trade stocks!

If you believe then you can achieve in the Forex markets!

That may sound corny but it’s true. Belief puts everything all together. It gives a certain energy to you to be able to go to the sources of information, to go search and find and draw to yourself the right information that you need to succeed.

Of course you need to pick something to believe in. What are goals in trading? You need to have a goal or a desired end result. You also need to define a lifestyle of training. You want hurting all the time and day trading? Or do you wait a couple minutes and night swing trading? Do you want to hit big home runs in Trend Trading?

So you need to do discover what’s possible in training. That’s so great that you’re at this site. Because we’re going to educate you in many different possibilities from our experience over the years and trading the markets. The secret for opportunity is in the price charts and we are going to be able to show you all sorts of great ways to trade Forex from our various Forex systems and strategies as well as our Forex courses on this site.

With Forex Trading you can start with a little money and go from there. The little guy an opportunity to make a living or grow into a big professional trading firm of Their Own.

Yes that’s really the key opportunity for people around the world – beautiful little bit of money. Plus you can even get funds into your account with a credit card. Whereas with most of the brokers in particular with us so you have to send a check in or wire the funds it’s just all a cumbersome mess. Plus in the USA when you file an account application at everything just about short of your dental records and a DNA sample! It’s quite ridiculous.

Or you can go into options – but then you have to deal with premium decay which can become a pain for many to deal with. And with Forex you don’t have to worry about premium decay!  But you still get tremendous leverage vs. Options.

There are all sorts of different strategies to options but sometimes the complexity of options and the availability of too many ways to trade often get people and focused.  You need to focus! Focus will making money in trading.

So it’s time to get focused on Forex Trading.

I want you to eventually shut every other form of training Down until you first master making money consistently through Forex trading.

Forex trading is essentially futures trading, but with better margins and more flexibility especially if you are outside of USA.  And nowadays you can get started with as little as a couple hundred bucks.  If you wanted to trade currency futures is pretty much the same thing and actually with currency futures you can have cheaper commissions and better margins if you are day trading – it’s available out there these days.

Then again the flexibility of being able to use Metatrader 4 or 5 is huge. You can create your own EA’s or indicators pretty easily these days with this software tool.   Or outsource the creation for relatively cheap.  So you can start your own auto trading Forex business without many people knowing beside your programmer and well your broker doesn’t even really have to know.

So, How to Trade Forex…

  1. Get a broker account with a broker that makes you feel comfortable
  2. Learn the fundamental mechanics and pitfalls to avoid in Forex trading.
  3. Develop a trading strategy or trading system
  4. Study your system historically to gain confidence in it
  5. Practice executing your system correctly with”historical paper trading” and then to demo account trading
  6. Start trading real money but with tiny positions
  7. As you perform consistently move up the big positions, Well, normal money management position sizing
  8. Make sure your money management system incorporates correct compounding
  9. Compound your profits over time.  Investigate the possibility of trading tax-deferred accounts

That’s it in a nutshell.  Stay with this formula and you can succeed and most likely will succeed! But you must BELIEVE you will succeed because belief will pull it all together.

See our Forex Trading Systems and Forex Strategies and Courses here: