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Becoming a Forex Expert requires

Mar 02, 2021 at 11:37
1,377 Views
47 Replies
Member Since Jul 19, 2020   298 posts
Mar 02, 2021 at 11:37
Becoming a forex expert requires that you are very successful at trading. So asking how to be a forex expert is synonymous with asking how to become very successful in trading. There are no shortcuts or any magic, just hard work, and a little bit of luck. The trader has to be able to learn from his/her mistakes to get better and increase profitability.
Member Since Jul 19, 2020   751 posts
Mar 02, 2021 at 12:28
To become an expert in trading we need to practice a lot in demo account also we need to read the e-books about trading this will help us to improve our trading knowledge then we have to make our own trading strategy then i hope we can become successful of expert in Forex trading.
Member Since Nov 07, 2020   34 posts
Mar 06, 2021 at 10:01
UweMoench posted:
To become an expert in trading we need to practice a lot in demo account also we need to read the e-books about trading this will help us to improve our trading knowledge then we have to make our own trading strategy then i hope we can become successful of expert in Forex trading.
Is using a demo account really that necessary? I mean everywhere I see people keep talking about it.
Member Since Feb 23, 2021   26 posts
Mar 06, 2021 at 10:33
Demo trading has a lot of importance. It is possible to develop skills by doing demo trading. If a trader can develop skills by trading demos, he will not lose much in live trading.
Member Since Jul 19, 2020   788 posts
Mar 07, 2021 at 01:18
You must work hard to become a Forex expert. You have to work with discipline and patience. Psychology needs to be managed properly. If everything goes according to plan, it is possible to become a trading expert.
Member Since Jul 20, 2020   298 posts
Mar 07, 2021 at 20:55
To become an expert trader, you must first develop trading knowledge. Must work according to discipline and plan. And if there is any mistake in trading by maintaining the journal, they have to be solved.
Member Since Jun 25, 2020   22 posts
Mar 08, 2021 at 05:08
Gareylinn509 posted:
UweMoench posted:
To become an expert in trading we need to practice a lot in demo account also we need to read the e-books about trading this will help us to improve our trading knowledge then we have to make our own trading strategy then i hope we can become successful of expert in Forex trading.
Is using a demo account really that necessary? I mean everywhere I see people keep talking about it.
I don’t think it is about the importance of it. Demos are just for practice. Didn’t you start with them in the beginning?
Elena Triston (ele020)
Member Since Apr 15, 2020   219 posts
Mar 08, 2021 at 06:12
Michihito posted:
Becoming a forex expert requires that you are very successful at trading. So asking how to be a forex expert is synonymous with asking how to become very successful in trading. There are no shortcuts or any magic, just hard work, and a little bit of luck. The trader has to be able to learn from his/her mistakes to get better and increase profitability.
I 100% agree with you.. This skill cannot be obtained overnight it comes with experience, practice and dedication.
The more your practice, the more you learn.
Member Since Nov 07, 2020   34 posts
Mar 08, 2021 at 10:17
Anoxiare posted:
Gareylinn509 posted:
UweMoench posted:
To become an expert in trading we need to practice a lot in demo account also we need to read the e-books about trading this will help us to improve our trading knowledge then we have to make our own trading strategy then i hope we can become successful of expert in Forex trading.
Is using a demo account really that necessary? I mean everywhere I see people keep talking about it.
I don’t think it is about the importance of it. Demos are just for practice. Didn’t you start with them in the beginning?
I did use them but not for long since I got pretty bored soon.
lovefortrading (perryjohn765)
Member Since Sep 12, 2017   238 posts
Mar 08, 2021 at 10:41
Saying EXPERT is a big word. You can be good. Forex is something which is not just based on your knowledge. other than knowledge you need luck and patience.
Member Since Jun 25, 2020   22 posts
Mar 09, 2021 at 04:40
Gareylinn509 posted:
Anoxiare posted:
Gareylinn509 posted:
UweMoench posted:
To become an expert in trading we need to practice a lot in demo account also we need to read the e-books about trading this will help us to improve our trading knowledge then we have to make our own trading strategy then i hope we can become successful of expert in Forex trading.
Is using a demo account really that necessary? I mean everywhere I see people keep talking about it.
I don’t think it is about the importance of it. Demos are just for practice. Didn’t you start with them in the beginning?
I did use them but not for long since I got pretty bored soon.
That’s understandable. I used demos for about 7 months before going live with Fxtm and Turnkeyforex. My mentor advised me to practice on them before stepping into the real world of forex. It actually worked alright for me and I know that demos are not as good as live accounts, but they do serve their purpose.
lovefortrading (perryjohn765)
Member Since Sep 12, 2017   238 posts
Mar 09, 2021 at 09:03
Anoxiare posted:
Gareylinn509 posted:
Anoxiare posted:
Gareylinn509 posted:
UweMoench posted:
To become an expert in trading we need to practice a lot in demo account also we need to read the e-books about trading this will help us to improve our trading knowledge then we have to make our own trading strategy then i hope we can become successful of expert in Forex trading.
Is using a demo account really that necessary? I mean everywhere I see people keep talking about it.
I don’t think it is about the importance of it. Demos are just for practice. Didn’t you start with them in the beginning?
I did use them but not for long since I got pretty bored soon.
That’s understandable. I used demos for about 7 months before going live with Fxtm and Turnkeyforex. My mentor advised me to practice on them before stepping into the real world of forex. It actually worked alright for me and I know that demos are not as good as live accounts, but they do serve their purpose.
thats actually wonderful and the correct way to proceed. one needs to be familiar with the demo.
Member Since Feb 23, 2021   330 posts
Mar 25, 2021 at 11:16
Exactly there is no short cut to learning. Most people try to learn it in 3 months. They are not ready to spend long time for learning. They think it's waste of time. As a result they lose money again and again.
Member Since Jul 23, 2020   759 posts
Mar 25, 2021 at 13:22
Tremblay posted:
Exactly there is no short cut to learning. Most people try to learn it in 3 months. They are not ready to spend long time for learning. They think it's waste of time. As a result they lose money again and again.
Surely it takes time to learn trading properly. Trader need to be patience.
Member Since Nov 26, 2020   30 posts
Mar 25, 2021 at 14:53
In order to become an expert, you need to spend a lot of time, several years, it is accurate and constantly to develop and learn.
Member Since Jan 06, 2021   10 posts
Apr 02, 2021 at 03:47
It is not that easy to become an expert in forex trading and everyone has to work hard to climb up the ladder of success here.
Member Since Mar 28, 2021   617 posts
May 09, 2021 at 12:58
Money management is the most important part of forex trading. People of us who do not adhere to any cash management policy, they never get long-term success.
Member Since Jul 19, 2020   751 posts
May 09, 2021 at 13:08
To shine in forex you require a professional attitude and aptitudes. Without capacities consistent profit isn't possible. Most traders neglect this essential thing. They keep running for strategy without making themselves capable.
Member Since Feb 23, 2021   4 posts
May 28, 2021 at 05:16
Yes there is no shortcut to being successful in forex and everyone has to work hard and do their part as a trader.
Member Since Jun 30, 2020   90 posts
May 28, 2021 at 09:51
Become professionals in a few years of hard and laborious trade.
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