This is a beautiful life. I enjoy everyday of my life by learning new thinks. I have played sports. I have done trading. Whatever, I have done in life; first I try to learn everything about it. If something interests me, I learn it first before doing it.
Once, tennis used to be my passion. I wanted to play tennis but my returns were very poor. My volleys were horrible. I had a very poor serve.
So, I would do wall practice and practice and practice. In the beginning my ball control was very poor. My service was so poor that I would be ashamed to play with good players.
But I had a determination. I had an ambition. I would dream of becoming a very good tennis players and defeating every other good player who played against me. With practice, learning and determination, I became a good tennis player.
Becoming a successful forex trader should be your dream. Learn everything you can about forex. Practice and practice! Dont rush.
A good forex trading course is must for you for understanding the forex markets and for future reference. Go through the course form finish to the start again and again, many times. Pause, ponder and think on every detail given in it.
You aim should be to master the behavior of the currency markets. You should train yourself for that. Learn Technical Analysis. It is the thing to learn for a successful day trader.
Learn what the lagging indicators and what are the leading indicators. Lagging indicators depend on the past behavior of price action. Leading indicators predict the future likely course of the prices in the market.
Grasp every small detail. Go through example of successful trades given in the course. Open the charts learn how to apply the SMAs, EMAs, MACD, Bollinger Bands, Pivot Points etc.
Understanding the principles of money management is must for you. Do not put more than 1% of your account on a single trade. Many traders overlook money management but it is the thing that will determine your long term success.
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