I am here to help you learn how to trade forex like a pro. This is a big business with potential to make a lot of money, but the fact is that 90% of those involved in this, lose money. This means that only 10% of a small group do really well here, and here is what they are doing.
Control your emotions: There are two types of traders; calculated and emotional nature. You definitely do not want to be an emotional trader. Emotional person who becomes the pathetic trader who lost their life savings. You should never make a trade based on emotion, it should all come from facts, evidence and numbers. This is how you make profits, you stop listening to your gut feeling and make a decision based on rational thinking and the numbers in the market.
Demo Software: When you have a trading platform, you should have a demo platform to practice on. This will allow you to learn how to trade forx like a pro without actually having to use any of your money. It is probably the best tool you can get your hands on because you can make hundreds, even thousands of trades, before you have invest a penny of your own money. This allows you to build confidence and trust in yourself.
Trust, but be reserved: You need to develop a sense of confidence. If you can not get this confidence, you will have a hard road, because you will be stressed with each trade. You will need enough confidence in this, so you can make the best possible logical trade. With these words, many people are overconfident, and that leads to bad business decisions. Therefore, be confident, but grounded to reality.
