Who Wants To Be A Millionaire With Forex Trading?

Trading the forex market is not a difficult thing to do.

In fact, anyone can do it as long as they have a computer with internet access and an account with any online forex broker out there.

Many online forex brokers allow traders to start trading with as low as $100.

This 'entry' is very tempting because it is such a small investment to make.


Now, I truly believe that there is tons of money to be made in the forex market but it is snot going to be easy.


You can profit for months and then lose all your hard earn profit in a couple of trades if you become greedy or make huge forex mistakes.


Well I am not a forex millionaire yet but I am driving towards this goal like many forex traders out there.

I am confident that it is only the matter of time bfore my equity grow to that amount and when that day arrives, I will be a Forex Millionaire.


In order for you to succeed in forex, the ultimate ingredient you need is Discipline.

There is a saying in Forex that goes..

The ones that are successful in forex are traders that lose the least and not the ones making the most.

Make sense...

here are a few tips that can help you achieve that:

1. What is the current condition of the forex market? Before you take in any forex trading signals, you have to be sure what conditions is the market showing, trendy or choppy. You can use indexes such as the Asia/Pacific, Europe and Dow Jones Industrial Average as tools to evaluate the market. Most of the time, the movements of the market are based on what the current economy is performing, and that will be the basis for traders to make a decision.

2. Are you mentally alert or stressful? In forex trading, it is very important that you maintain a calm and fresh mind before you even start to look at the charts. Do not trade when you are tired or stressed as there is a high tendency that you will make some mistakes and put your forex investments at risk. Without the right mind, you won't be able to concentrate well even if you are using one of the best forex trading systems .

3. Do you have a stop loss or target to exit a trade? One of the biggest mistakes that forex traders made is trading without a stop loss. I have stressed many times that every position must have a stop loss but till now, there are many of my members still trading without setting a stop. Are you one of them?

Without a stop loss, do you know that you can wipe out your trading account very easily? The problem with those people who do not set a stop is because they do not want to loose, and I mentioned that forex trading definitely will have losses. And that's how professional traders live their lives. It is how you manage your losses and not how you try to avoid losses. Never have a huge stop loss unless you are doing swing trading. Even so, 50 to 80 pips will be a good guide.

4. Do you know when to enter a trade? After knowing when to cut your losses, it is important that you enter a trade with good timing especially if you are doing intraday trading. If you do not have a good forex strategy, you can look for some online trading software which provides accurate forex signals that you can follow. For me, I use oscillators like Stochastic and RSI intensively because they are the main forex indicators for my trading system.

Yours sincerely,




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