Forex Trading: No Training Necessary!

Filed under: Learn Forex Trading |

Screen shot 2013-05-22 at 10.17.17In order to become proficient and successful in any new field, a number of stages will have to be fulfilled. It doesn’t matter how intelligent or talented you are, whatever field you enter, there will be a number of stages that will need to be passed through – from learning the tools of the trade, to fine tuning your skills with those tools, and gaining valuable experience that cannot be taught in the classroom. However, when it comes to forex trading, many people seem to think that their intelligence alone with assure their instant success. However, this is simply not the case.

 

Like any field, with forex trading, you will have to put the hours in. There is no university course for trading forex, and as such, you will have to make do with paid for seminars, books, and online materials to learn the tools of the trade. You will be hard pressed to find a forex mentor to hold your hand when things get tough, and most traders these days tend to start out on their own.

 

Seriously, can you really expect to become a millionaire overnight by trading forex (or any other market for that matter)? Does a professional footballer make it to the top one year after trying some boots on? Does the winner of the Grand National get there a year after riding his first pony at the beach? Of course not – and the same is true of successful forex traders. It can take years before a trader can be consistently profitable – and this something that you must bear in mind if you decide to learn how to trade. Success is not going to come overnight, and you must keep learning and practicing until you perfect your skills and become an adept trader, rather than an overconfident and inexperienced one.

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