Learning Forex Trading - The Secrets of a Real Trader Revealed

Learning Forex trading is not easy and simple process. You have to consider the following important things if you want to survive as a Forex trader and save your mind. Forex market is not for unemployed or for people with low incomes, who can't pay their bills. You should have trading capital at least $5000 and be prepare to lose. Don't expect to open an account with a few hundred bucks and become a millionaire.

Forex market is one of the most popular markets for speculation, but 90% of the new traders lose their money within 3 months. Only 8-10% of traders have success on a long-term basis. Currency trading is not an amateur game and is not a Get Rich Quick Scheme. You can't make big profits without taking big risks. Trading strategy that includes taking big risk often means suffering large losses.

Learning Forex trading requires skills, and skills take time to learn. Skilled traders can and make a lot of money in the Forex market, but their success doesn't happen overnight. The truth is that even expert traders with years of experience still meet periodic losses.

One of the most important lessons when learning Forex trading is that if you want to survive as a trader you have to take losses quietly and easy. Nobody is 100% right all the time. Losses are inevitable. Even people like Tiger Woods or Michael Jordan lose sometimes although they are the best in their field. So even the best Forex traders happen to lose, but the main thing is not to lose your head and keep control of yourself.

When you lose money, take a break and breathe. Relax and calm down. Take a drink or a pie. Try to stay away from the market until you are able to think logically again and feel in clear mind. The key to deal with losses is to cut them immediately before a small loss becomes a large one. Get over the loss and move on to the next trade.

The next very important rule about learning Forex trading is not to open a live trading account until you are trading profitably on a demo account. You have to trade demo at least for 2 months and when you feel ready, open mini real account. Learning Forex trading rules and principles will give you a chance to be a winner at Forex trading, but it requires hard work, little luck, dedication and concentration.

How to Find Forex Trading Courses

If you are reading this article, then you're probably interested in learning how to trade the foreign exchange market, but don't know where to begin. There are many people and organizations claiming to have all the answers for successful forex trading. The best way to begin learning forex is to register for one of the many forex trading courses available and try them for yourself. Before you begin, it's important that you register for a forex trading course that will give you the information you need to succeed.

Watch out for those claiming that the forex training they provide is guaranteed to make you rich. You need to focus on learning everything you can about forex trading and the foreign exchange market itself, before you even think about profits. Profits are important, but you can't get to those profits without a proper forex trading education. If you're truly interested in making a profit trading in foreign currency, you must learn about the market, its fluctuations, as well as the risk and rewards.

Before you sign up for a forex trading course, consider how much knowledge you already have about foreign exchange. If you have basic knowledge but feel that you need more to succeed in the foreign exchange market, you may want to consider a forex educational course that you can take online for the additional information. With some background information on foreign currency, you may even want to consider signing up for a free forex training course.

If, on the other hand, you have no idea how to calculate U.S. dollars (USD) to euros (EUR), there are many beginners' forex trading courses available. Many of these forex training classes are available online for convenience and at local learning annexes for a more in-depth study of trading foreign currency.

Since you're looking into currency trading to supplement your income, it's also important that you don't fall prey to overpriced forex trading courses. While you should expect to pay some fee for these courses, you shouldn't over extend yourself learning how to make money. If your forex training guide charges too much, move on to the next teacher. With so much information, available, learning forex is as simple as purchasing a book or signing up for a class.

There isn't just one forex educator from whom you need to learn; find a forex training class that promises to teach you the basics at a price that you can afford. Since the forex market isn't bound to one single location, such as the New York Stock Exchange, you can find classes online that provide you with free demos. If your budget doesn't allow for expensive forex trading courses, a little research will yield plenty of results for free forex training.

The best way to begin learning forex is to sign up for a training course. If you decide to sign up for a free forex training course, supplement what you learn with books on foreign currency, watch the market for changes, and learn everything you can through other inexpensive means. You don't have to be a millionaire to find success in forex trading; all you need are the proper tools for success. Learning forex and changing your financial future all begin with the right forex training.

Event Forex Robot Turned $10K Initial Deposit Into $13M in 8 Years!

Every few days, a new Forex robot is being released. You can find a lot of Forex robots in the market now. Some are good, some are bad and some are real good. It seems that automated trading has become the latest fad amongst the Forex trading community. The most obvious reason is simple. Automated trading gives you the chance to make a lot of money without having to spend all day infront of the computer. You just need to learn MQL4 programming in order to write a good robot program. The robot porgram will do just as you had programmed it and if you have programmed it well, it can make you a lot of money.

But the problem is most of the Forex traders have no idea how to write programs in MQL4 language. Writing programs is not an easy thing. It takes a lot of training and learning only then you will be able to write a good program in MQL4. So, in order to bridge this gap a fx robot vendor industry has developed. Fx robot vendors search for good trading systems. When they find one, they contact good programmers, either hire them or pay them to convert that trading system into an automated system.

Forex robot vendor industry is so hot right now that every few days, you are going to find a new Forex robot being launched in the market. Now, most of these robots are just simple pieces of junk software that have been written by programmers having no inkling of how to trade Forex. So, how do you know this is a good robot and this is a bad robot.

Most of the time, fx robot vendors talk about the backtest and the forward test as a proof that their robot is good. Backtesting is done with historical data. Historical data relates to the past markets. So, what happened in the past may not work now in the current market. In addition to this limitation of a backtest, a back test ignores slippage that is ever present under live market trading conditions. What this means is that a backtest is no guarantee that the robot is going to work under the live market conditions.

The same thing goes with the forward test. Whatever, to tell you the truth, there is no substitute for live trading results. So, if a Forex robot vendor is unable to show any live trading results on their website, it means that this robot has been never tested on a real money live trading account. It is a raw piece of software that may or may not work.

However, if the Forex robot vendor is able to show live trading results on the website, this means that the robot has been tested under the live market conditions. You should pay close attention to the live trading account statements and see how well it has been performing under the live market condition.

Event Forex Robot is one such robot that has been trading live for the last 9 years. Yes, 9 full years. The developer of this robot Mark Roth is going to release it soon. He will also release the full details of the full 9 years of Real Money Live Trading Account Statements. This is an astounding piece of software. Event Forex Robot turned $10K into $13M in 8 consecutive years without ever getting a single margin call. This robot made an astounding $65,862 from just one trade. It made 14 consecutive winning trades and so on and so forth.

The developer of this Event Forex Robot will let you test it RISK FREE for 60 days. This is a good opportunity for you to test a good Forex robot on your demo account. As always, never trade with a Forex robot straight away. First test it thoroughly on your demo account and only trade live when you are satisfied with it's performance on the demo. By testing, you come to know a lot about the Forex robot and it's performance.

Learning Forex Trading

Have you always wanted to learn to trade forex, but you're not sure how to get started? It can be confusing since most people assume that the forex market is only for professionals in the financial industry, but the truth is that millions of individuals and corporations trade in the forex market everyday. If you want to start learning to trade forex, your education can start with the click of a mouse. Because the foreign exchange market has no physical location and you don't need to be near a stock exchange to participate.

To get started learning forex, you need to learn about the foreign exchange market, which is where all currency trades take place. A few minutes of research should yield plenty of results for forex trading courses. These courses will teach you the fundamentals of forex trading, but many times, they will also teach you various trade strategies and often set you up with a forex mentor. As the foreign exchange market is exceptionally volatile, a mentor can help you navigate the choppy waters of currency trading.

Find a currency trading course that fits your knowledge level. If you start from the very beginning of foreign currency trading, start with a beginner's class and practice with a demo trading account. It doesn't matter how long it takes you to learn forex, all that matters is that you learn it. When you do find a forex trading course, make sure it offers what you need. Stay away from currency trading courses that meet virtually if you need hands-on training, and make sure it's a class you can afford to take.

The trick to learning forex online is to sift through all the useless and false information to find legitimate information that can lead you to forex success. The currency market can be complicated enough without all the bogus information out there on the web. Before you register for any forex trading course, check the credentials of the person, or company, teaching the class. Although there are no set guidelines for teachers of the forex market, you want to make certain that you get information from someone who has actually traded in the foreign exchange market.

The great thing about learning forex online is that you can learn when, and where, it's convenient for you. The internet can provide you with access to free forex guides and e-books, in addition to online foreign currency exchange courses. Learning forex however, isn't simply limited to reading textbooks online. You must also keep up to date on global news that will affect the strength of your currencies. In addition, you should tune in to reports and shows that provide you with news on the forex market.

Before you spend any money to learn forex, find free forex information online to make sure it's that interests you. The foreign exchange market is a great way to supplement your income, but it also isn't for the faint of heart. Success in forex trading will require a commitment to learning and regularly monitoring the market.

How the Hedge Fund Managers Trade Forex? (Part II)

You must have read Part I of how hedge fund managers trade forex. You need to understand that hedge fund managers are always on their nerve's edge. They constantly look for strategies that work.

Hedge fund managers want to make good money while always keeping on their guard if things go bad, how to get out of a bad position before it really hurts. You as individual investors also want to bet your own hard earned money in the hope of making many pips.

You should decide whether you want to range trade or trend trade? Many hedge fund managers are trend following traders. If you want to become a trend trader than you need to become a master of predicting and anticipating trends in your favorite currency pairs. If you want to be a contrarian trader and range trade, than you should understand how to scalp.

You also need to decide the time frame that you will trade most. You should decide whether you will use the 5 min charts, 30 min charts, 4 hour charts , daily charts etc, and why.

Do you want to hold your position overnight or you are happy as a day trader? If you are in a job, do you have time to trade in the evening or the night and how much time you can spare? What time is best for you?

Learn the art of entry and exit. You will need to learn technical analysis for this. Technical analysis is essential for your success. Should it be multiple entry, multiple exits? Should it be single entry, single exit? Should it be multiple entries, single exit? Should it be single entry, multiple exits? 

You should learn money management principles in depth. It is good money management principles and their consistent application that will make you survive in the long run. Never ever try to put more than 3% of your equity at stake at one time. Understand how to calculate the reward/risk ratio for each trade. Never trade if the reward/risk ratio is below 3/1

Now, test drive the forex system by back testing and forward testing. Back testing can be done on Metatrader and other platforms. Forward test your strategies on a demo account.

Open a mini account and try to test it live with a small amount of money. This way you will not lose much money but will be playing against your emotions.

Ultimately trading is all about developing discipline and controlling emotions. You don't get this feel in demo trading when you know nothing is at stake.

Now is the time to get intimate with your strategies. There are two main types of trading strategies, one has a high percentage of profitable trades in a number of trades and the other has a high profit factor per trade.

The key here is to know exactly what type of market environment your strategy performs well in and what type of market environment your strategy fails in, because only then will you know when it is time to pull the plug.

Understand how much drawdown you can afford on your trading account with this trading strategy. You can establish a bench mark figure using a back test. Decide before hand how much drawdown is acceptable before you pull the plug out of the trade.

The last step of thinking or trading like a hedge fund manager is self reflection. Often times we become so absorbed with trading that we do not notice the obvious.

This is why it is important to spend some time on a weekly or monthly basis to go over or reflect on your trading. You need to establish a certain ROI level for yourself and keep on tweaking your trading strategies until you start achieving that figure.

Learn Forex Live Reviews

Ever so often, a special sort of Forex training resource comes along, one which is more about actual content than marketing hype. Hector Deville's Learn Forex Live course/mentorship program is such a resource.

Who is Hector Deville?

Hector Deville is a full time professional trader who has an in-depth knowledge of the market. And he likes teaching trading to others. This is a real trader, not some theoretical "expert" who may talk the talk but doesn't walk the walk. If you're looking for real time experience, Hector Deville is your man.

What is the Learn Forex Live course

This entire course/mentorship program is centered around live video tutorials in which Hector Deville lays out his knowledge of Forex before you. This includes videos in which more and more advanced trading strategies are unveiled.

The course begins with easy and simple trading methods but slowly becomes more advanced, so you can learn a lot from this even if you have little to no experience in trading.

However, the video courses are pretty detailed, so the material may be a bit difficult to absorb all at once. All I'm saying is that there's a learning curve here.

In addition to trading methods, Hector Deville shares a group of indicators which he had developed himself and shows you how to incorporate them into day to day trading and technical analysis. This is good stuff, especially because the way it is taught is like real time trading, so you get a true sense of the experience.

You also get access to live trading forums where Hector Deville supports you himself, so you can get pretty much every Forex question answered.

One thing you should know is that Hector Deville does have an accent which takes some getting used to. But other than that, I see nothing but quality in this course. It may have a learning curve for new traders, but it's an excellent resource for anyone who wishes to hone his or her trading skills and make more money on Forex.

Basic Forex Trading Tutorial

How old are you? After a certain age people do not want to be asked or answer that question. Does it really matter? Some of you believe that after a specific age, you can't learn new things - like a foreign language, to ride a bike or Fx Trading for example. "You can't teach an old dog new tricks." That is true only if you choose to believe it.

Welcome to the age of Interactive Learning! You will find a Forex Trading Tutorial to blow you out of the water. You can say good bye to the old ways of learning when you had a book in front of you and had to memorize its contents hoping that some of it will stick to you. A hot pot of coffee was your constant company during those long nights of studying, or better said memorizing, chapter after chapter, hundreds of pages on top of hundreds of pages of information. Couple of weeks later, you were happy if you could remember 10 percent of what you crammed into your brain during those long nights of studying.

Now a Currency Trading Tutorial will make your life so much easier and the process of learning a new skill will not only be faster than learning from books, but much more fun and financially rewarding. You can be part of a classroom of other people like yourself who are learning 4x Trading. In this environment you can ask questions, get immediate answers, you can interact with the Forex Successful Trader who is training you and feel like you are given personal attention each step of the way. There's always some sort of an assignment that will teach you how to apply your newly acquired knowledge to the real world of Forex. All that is taught has a high practical value, not just a theoretical one, and you are given the chance during the Currency Trading Tutorials to put it all in practice and to get feedback on your results. Based on that feedback you can improve your skills immediately.

By the time you have completed your Currency Trading Tutorial, the Forex Successful Trader training you may be able to assess your Trading level and tell you what you should still work on before you start trading live. If you stick to the Profit Protection System provided to you by your FxMastery Trader and are committed to it and to this new path you have chosen -as a Forex Trader - there's a strong possibility that you will be able to Start Trading right after you are done with your Forex Trading School.

Forex Trading Tutorials are important for your Forex Trading future because of what they offer:

• Interactive learning - keeps your brain active while solidifying new information and skills

• Feedback - your trainer and "classmates" can give you feedback on your ideas, moves & trades

• Practical assignments in real time - "homework" takes you one step closer to Trading like a Forex Successful Trader

• Theory translates into practice fast - you will be able to put in practice what you learn immediately and start generating substantial income and profits

• Forex Successful Traders Community - you'll be given access to the FxST Community where you can interact live with other Forex Traders at all levels.

Do not waste your time trying to learn Forex by yourself. It will take you too long not only to study it but to learn from your own mistakes while trading. It will cost you lots of time, money and mental sanity. Be smart about it and invest all that effort into a Forex Trading Tutorial that will quickly take you to the next level of Forex Trading.

InterActive Learning is the best way to learn a new skill. Trust a Forex Successful Trader to take you through a Forex Trading Tutorial and see how far you get with your Forex Trading skills in a short period of time! Be determined, be committed and be willing to become a Forex Successful Trader!