Making Money Trading the Forex is possible! Many people are already doing it and you could too. Whether you are a beginner, an intermediate, or an advanced trader, I want to give you a list of advice to start your journey or improve your skills. In this article I will point you in the right direction to find your path to make money trading the Forex.
We all want to be successful, we all want to make money and if you are on this website you probably aim to make money trading. Trading the Forex is easy, making money with it is hard! You need skills and preparation and I want to share with you a path to follow for become successful or even more successful if you already are.
The first step is to understand your level of experience, you may have never traded before or you may be already a profitable trader, the path is different in the two cases.
I divided us traders in three main categories and created a different path for each one of them. The categories are: Beginner, Intermediate and Advanced. Find your category and start improving your trading experience.
Beginners Traders are the ones that have just started their adventure in the Forex world.
You are a Beginner if you have all or some of the following characteristics:
- You have never traded before
- You have some trading experience but you are losing money
- You have been trading for less than 6 months
- You have a trading capital of maximum 1.000$
Even if you identify yourself as a beginner there is nothing bad with that, we all started somewhere, even the most successful traders have been beginners. The important thing is that you must be motivated and committed to improve your skills.
If you are a Beginner see How to Become a Succesful Trader – Path for Beginners.
Intermediate Traders have already been through the struggle of the first few steps, they understand the fundamental mechanism of trading but they still can’t be profitable.
You are an Intermediate if you identify some or all of the following:
- You have some experience trading, usually between 6 months and 2 years
- You trade quite regularly but you are not happy with the results, you may be in break even or slightly profitable
- You have a trading capital of at least 1.000$
Being an Intermediate trader is tricky, you know what you are doing when trading but you are still missing something to become a Superstar. It may be lack of discipline, poor risk management, bad trading strategies or some other factor.
If you are an Intermediate follow the link How to Become a Successful Trader – Path for Intermediate.
Advanced Traders – Superstars!
If you are an Advanced Trader, Congratulations! You are a Superstar!
Advanced Traders are making money and can make even more with some more tips.
You are an Advanced Trader if you have some or all of the following:
- You have been trading for more than 1 year
- You trade regularly and are consistently profitable
- You are comfortable having an account with at least 10.000$
- You love trading and you make an income out of it
Even if you are an Advanced Trader and you are already making money maybe I have something for you, something that may allow you to make some more money.
If you are an Advanced you can see How to Maximize your Profit – Path for Advanced.
If you want to make money in the Forex Market, or if you already doing it and want to make more, you need to improve your skills and use the right tools!
In this article I divided the traders in three categories so that you can find your ideal path to success. Follow the link in your categoty to find your next step.