Friday, March 26, 2010

Becoming a Successful Forex Trader

So you want to become a successful, profitable, work from home 10 hour a week Forex trader?

Maybe you've just decided that you've had enough of your boss, he keeps telling you what to do, he doesn't know what he's doing, and after all your efforts you get no appreciation whatsoever. Maybe you've been trying to trade for a while and just can't seem to get the hang of it, all the hours you spend seem to be just a total waste, and you can hardly practice during the day since you're at work, you're in a catch 22 situation, you can't afford to give up your job and you can't learn Forex trading because you don't have the time, or more accurately the right time. ALL THIS IS ABOUT TO CHANGE, but first you need to be very focused on what you are about to embark on, and here are a couple of important points you should remember.

Don't get sucked in, Forget all those adverts promising thousands and thousands of PIPS and YOU CAN MAKE PROFIT ON AUTOPILOT, These claims are simply NOT true, it's all simply part of this MLM marketing con that produces more SPAM than value. YOU WILL NOT get any more information from these systems/courses than you will get from some of the more popular Forex trading sites on the internet.

Always calculate your total profits in percentages, it's no good having a 1000 PIPS if you're only making 0.5% profit on them. Doing this you are NOT taking full advantage of the LEVERAGE available to you.

Now I spent nearly 2 years 'learning' to trade Forex, I use the word learning advisedly, the truth is I probably spent 18 months running from one thing to another looking for the 'answer' and doing a lot of soul searching, but coming up to the end of the second year I had decided on a strategy that would give me exactly what I want, a simple highly profitable trading strategy that would not take up much time each week.

The problem with my strategy as with any other trading strategy was how to practice, I decided to write a solution to this problem, I developed a a training module which is a piece of software that lets you practice this strategy any time you want to, no longer are you governed by the time you have available to trade the market, you can now practice your strategy during the weekend.

The beauty of this strategy is that it's more like learning a game, and once you've picked it up it's riding a bike, you never forget!

So if you fancy a change of career, head over to www.purpleptachforex.co.uk and start training.

Article Source: http://EzineArticles.com/?expert=Al_Purple_Patch_Johnson

3 comments:

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