How to become a Forex trader?

Many novice currency speculators are interested in the question of how to become a forex trader. But not just a trader, but a successful, decently earning trader in currency or other assets. A person who has not only a tidy sum on his deposit, but also regularly makes a profit on this account. A person who understands the intricacies of trading, feels the market and sees his future as wonderful and secured.

Of course, a smart trader will always diversify his risks by regularly withdrawing profit and investing it in various financial instruments, and not only spending on their own needs. The latter have a profitability, as a rule, not as great as the Forex market brings, but they allow not to be afraid of force majeure, providing the trader with a constantly growing passive income.

But now it is not so much about financial planning, but about how to become a trader. Let's take a look at the first steps to successful trading.

Simple but effective!
1. Make a firm decision that sooner or later you will earn stable income on the Forex exchange. No doubts or worries. If there are people who are successful traders, so can you.

2. Make a training plan. Read at least 1 book on trading, always with good technical analysis. Open a demo account and analyze all the figures and patterns on real charts. EUR / USD pair or any other - choose the one that suits you.

3. Once you've learned the basics of trading, start working on creating your own trading system (TS). You can use a ready-made (someone else's), but you must understand how everything works. You may have to adjust some parameters of someone else's vehicle “for yourself.”

When thinking about a vehicle, look for patterns that work. Just placing an indicator and following its signals is ineffective.

4. Having created a TS, test it on a demo account and on history for at least 2 or 3 years. If the strategy has shown some profitability and everything suits you, consider creating a trading advisor for your strategy. You can order a robot from programmers working with the MQL4 programming language. They are also often practicing traders, so it will not be difficult to find a common language with a colleague.

5. Broaden your horizons. The market changes over time. If you are not ready for this, you will lose money.

How to choose a tactic and strategy for trading?
If you are a beginner trader, take a closer look at long-term (positional) and intraday trading. If you have experience, try scalping, test trading advisors. Your trading style should match your personality. No wonder they say: “Trader, know yourself!”

IMPORTANT TIPS
1. Don't give in to doubts and pessimism. If something doesn't work out, the strategy doesn't work, and the mind refuses to work, take a break. The market will be both tomorrow and the day after tomorrow. After rest, with fresh thoughts, you will sooner solve the problem.

2. Listen to those who are with you along the way (successful traders). Eliminate whiners, pessimists, those who talk a lot but do nothing, etc. It is important that you set a goal for yourself and go to it.

3. Be aware of other important aspects of your life. Health, family, personality, and growth are all important.Keeping the “state of the norm” in all areas of your life, it is easier to develop one thing (for example, trading). If you have problems at home, for example, constant noise in your apartment or worries about a loan, it will be problematic for you to ensure clarity of thoughts and make rational decisions on the stock exchange.

4. Don't count on the support of family and friends. Despite the opinion that these people should support your good endeavors, i.e. trading, you are likely to hear the most conflicting opinions. Up to the point that you are a gambling addict and sick person, and no one has ever made money on Forex. Do not succumb to their negative influence. Firstly, most of the time our loved ones do not know what you know - about Soros, Wall Street, successful traders, etc. Secondly, a person is so arranged that he does not like to leave his “comfort zone”. It is unpleasant for him if someone "sticks out", if another is successful, etc.

So you start earning your first 300-500 dollars a month from trading, and you will somehow the opinion of others is indifferent. We are so arranged that we subconsciously seek support and praise from others, but we receive them only occasionally.

When you earn 500 or 1000 dollars, your “well-wishers” will have no choice but to be silent in rag.

"How to become a trader?" - a question with a simple answer. "Make a plan and follow it!" But will you have the strength and patience to get to the top? It depends only on you and remember that the profitability of trading very much depends on the broker you choose!