Becoming a Forex Expert requires

To become an expert forex trader, all you need is a pile of books, plenty of forex trading websites on your bookmarks, and videos on your laptop. Staying updated on a daily basis regarding the forex market and economic news is the 'Mantra' to becoming an expert.

Patience, discipline and thick skin. Also a decent work ethic. Too many think that there are shortcuts and easy ways to make money and there isn't in forex. While at it's core it can be very simple, learning and practice takes time and effort.

Patience, discipline and skills are needed for success in forex trading. Most people only focus on strategy. That's why they are not successful.

Expert Forex traders need a lot of learning and experience. Also, in order to achieve the goal, it is necessary to have strong mental power with a high degree of dedication to survive and learn at all times.

To reach the excellence of an expert, one needs to completely immerse in learning and practicing. It requires traders to remain abreast with the latest news and technology. A trader should be willing to continuously improve and expose himself to constant learning.

Persistence. Trading demands time and continuous effort. You learn the most while trading. As a trader, you should continuously learn from your trades, whether you make money or not. Traders who ignore learning practically do gambling.

Becoming expert takes lot of time, and determination. You will need to ensure that you have a huge library of knowledge that you can use for trading

Experience teaches you more than any other platform in forex Trading. It takes you years and years just to be sure if you have made the right decision before making a trade.
With experience you learn how to be in better control of your emotions, patience is key. Once you know how to keep your emotions in check, when to take a break, when to trade, and when to hold back, you know you are getting better at trading.

Becoming a Forex expert requires 2 things.
1. Education from a true expert
2. Practice

According to me, it requires dedication and consistent hard work.

You have to do a lot learning from your successes, but more importantly your mistakes and the mistakes of others so you won't repeat them. Above all, don't give up. You'll eventually find your trading style that will give you consistent profits long term which doesn't make you trade emotionally. It could take months, or even years to find it.

To be an expert one needs to be consistent in trading and have the deep knowledge of technical tools plus must interpret the major economic events for a clear understanding of effects of it on price movements.

I am so tired of the fact that everyone wants to become an expert. I mean that I don't want to be an expert at trading, I just want to make decent consistent profits and nothing more. I don't know, probably it is my problem of treating the words more seriously than I should, but I have some negative experience in seeing 'experts' of trading. Such people can only boast their luxorous things which they rented before in order to persuade the viewers to join some broker or buy some services. I feel that we all should aspire to become good at trading or perfect if you want in order to create an investing fund where everyone would pay for your managing. Experise is something too vague to discuss precisely.

croisssan posted:
It is worthwhile to immediately understand that becoming an expert quickly does not work out unambiguously.

To become expert in this market, You need proper practice and learn all the basic things properly.

The ease of getting into forex trading has made almost everyone try out their hands in this business. However, to become an expert in it you need discipline, patience, a good method and most importantly emotional detachment. If you are strong enough, not physically of course but mentaly, then you can persist through all the upheavals of the market. You should be willing to learn from every mistake and take lessons from losses.

The only way to become a Forex Expert is to learn about the markets and practice trading. You need to understand how the markets work and get a good grasp of trading basics. These things will take time and effort to learn, but it's well worth it in the end.

I feel that only professional traders can call themselves forex experts. By professional I mean a person who earns their living with forex. You can have infinite amount of certificates or diplomas, but if you cannot earn anything in forex, all of your laurels cost nothing at all. I would believe the trader who can prove that they are successful on the market.

To become a forex expert requires the proper mindset, trading skills, and self-discipline. Trading forex can be profitable if done correctly, but it can also be risky. To be successful in forex trading, you need to understand how the market works and what factors influence currency prices.