Becoming a Forex Expert requires

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.

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.

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.

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.

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.

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?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Yes there is no shortcut to being successful in forex and everyone has to work hard and do their part as a trader.

Become professionals in a few years of hard and laborious trade.

Andronn posted:
Become professionals in a few years of hard and laborious trade.

Yes. Besides hard and laborious trade, you also need a bit of luck to make a good trading career.