How To Learn Forex Until We Can Make Profit Consistently
Learn Forex To Earn Profits Consistently
Learn about forex first until you can make profit consistently so you don't need to lose anything during the learning process. Just use real money when your learning process finished.
There are a lot of people who being success in forex all around the world. As a forex trader then they can make money easily without doing anything else. They only need to watch market movement, creating analysis about market price and click buy or sell. By doing that then they can close the order if they already get enough profit. As a forex trader they can trade from anywhere as long as they have internet connection. It looks simple isn't it?
If you think forex is that simple then you are wrong.
Before they can make easy money from forex like that, they need to spend a few hours per day to learn about forex first. It's important because you will need to learn about money management, trading strategy to make profit, how to analysis market movement properly and choosing the best pair to trade. Without learning about all of this then you only speculating in market movement. Soon or later, you might end up losing the money.
So, if you don't want to losing your money during the learning process then you can use demo account. You can use demo account to practice until you can get profit consistently. Perhaps you will need to spend a few months before you can get consistent profit but it still better than losing your money for nothing.
While using demo account, you can try to find any profitable forex trading strategy in forex forum, using profitable indicator which can help you to trade, or browsing any forex video which will tell you how to trade properly. In this step you will need to practice with that until you knows how to trade properly.
The learning process will be finished if you can maintain your forex demo account balance for at least 1 or 2 weeks (more will be better). If you did it then it's the time to use real account and you can start to make money in forex. Just make sure if you always remember how you trade in demo account because most of forex traders failed in real account because they become greedy and they forget to use money management. If it happen then it means your learning process is not finished yet and you must go back to use demo account again for another 1-2 months until you are ready to trade in real account.
Don't give up easly in forex because you will learn by making a lot of mistakes in this business. You will suffers loss unlimited times, it's normal because all of professional traders also losing their money first.