- 10 Commandments for Trading Success
- How Forex is Priced and Why it Moves
- Setting Up To Trade
- Developing Your Trading Strategy
- Executing Your Edge
Trading, and forex trading in particular, have become incredibly popular since the turn of the century. Forex trading adverts are all over the internet and even football shirts/stadia. Following the tech bubble of the early 2000’s, a multitude of would-be investors and traders made the cross over to forex. These former stock enthusiasts wanted to try their hand at forex trading.
Forex is the most liquid market in the world (I’m sure you’ve heard before). This sends beginner traders in their droves, thinking they can profit off all of this money flow. Some traders believe forex is the purest form of trading. Many economists also believe that the forex market is the closest to perfect we currently have.
Of course, this doesn’t mean that there aren’t inefficiencies to exploit.
The advent of retail forex, and trading in general, has meant that traders from all over the world can compete. They can compete with the likes of banks, funds, market makers, and large players. You have the ability to trade forex 24/5, with the only break in the market being the weekend.
Shortcuts to forex trading success
There are no shortcuts. This game is very very difficult. It’s a battle which is not only fought against the other huge players, but yourself. Time and money needs to be invested and there is no shortcut to trading success. Knowledge, analysis, experience, psychology, emotion all play a part. Use all the resources you have at your disposal in order to make it work.
Don’t become part of the pile of failing traders. You must do all you can to beat the market. TradingProbability.com will help you to get set up quickly and hopefully put you on the path to trading success.
‘Getting Started in Trading’ aims to build your trading foundation and arm you with critical info for starting to trade. I recommend you open a demo account before committing money. This will allow you to learn the ways of the markets before committing real money. Arming yourself from the get-go will help you along your road to successful trading.