Become a Forex Trader

Become a Forex Trader - in 2 Weeks in 4 Simple Steps:

Here we will outline how you can learn to become a Forex trader in just two weeks and start enjoying currency trading success in around 30 minutes a day...

My idea for writing this article came from a famous experiment conducted by trading legend Richard Dennis. Dennis taught a group of people with no trading experience to trade in just 14 days and they went on to make several hundred million dollars.

Now I am not saying you will be as successful as this group - but it just goes to show that anyone can learn to trade and learn quickly.

Here are your simple 4 steps to Forex trading success.

1. Don't go with the Crowd

95% of traders lose money and most think that Forex trading is easy, before the market gives them a lesson in the form of an equity wipe out. Most traders think they can buy a Forex robot and enjoy success - but these robots never produce the gains they claim they can and neither do the other sure fire systems sold.

In Forex trading if you want to make big money, you need to learn skills and how to apply them there is no short cut - but for the effort you need to put in you will be well rewarded.

2. Work Smart not Hard

There is a myth you have to work hard - but you don't. You get rewarded for being right not the effort you put in. The good news is you can learn Forex trading and build your own trading strategy for success in a few weeks.

The best way to do it is to learn Forex charting and get a system to catch and follow trends which we will look at next.

3. Use a Simple Trading System

In Forex trading simple systems work best and always have; as they are more robust, with fewer elements to break than complicated ones. In the experiment conducted by Richard Dennis, the traders used a simple, long term breakout system and this is an excellent choice for any novice trader.

Breakout trading is simple to understand, easy to do and if you focus on the big moves and trend follow, you can make some great long term profits.

4. Get the Right Mindset From the Start

Learning to trade Forex is easy but of course there is a hard part and that's why the rewards are so high.

The hard part is trading your system with discipline.

In Forex trading you have to learn to lose and keep your losses small to win longer term and this is hard, as the market wrong foots you and hands you losses. It hurts our egos and our emotions can get involved but if they do, you won't be able to apply your system with discipline. Without the discipline to apply your system, you simply don't have one.