Learn how to start your business in the foreign exchange currency market. Forex trading is really a lucrative business. To start your own forex trading business, you must understand some important things such as the following to be mentioned in this article.
I am a forex trader and I experienced a lot of things in my trading profession. For me it is not just a business. It is a serious business. A risky business that not everyone can take the “risk”. My reader in InvestmentTotal.com asked an important question today via email and I replied. And here is our conversation.
“Hey Admin, how to start a forex trading business from home I am from India, what is the right or proper settings in starting a forex trading business as a beginner, do you have examples or kindly send me a PDF guide about starting a forex trading business for beginners…Thank you! – Farhan – New Delhi, India”
I replied,
“There are many things to consider when starting a forex trading business. After you read this message, you will understand that your question isn’t correct. Your question should not be “how to start a forex trading business” but rather be it “is forex trading business for me?”
I added; “Forex trading is a serious business, a lucrative business but a risky. You can make $1,000,000 in one day and that is possible but you can also lose more than a day and it is also possible. Can you handle that risk? Kindly go ahead in my website and find the article entitled “How to Start a Forex Trading Business” and read more about it to learn today. Cheers, Admin”.
How to Start a Forex Trading Business
here’s how to start your own forex trading business, we have to talk about it per topic such as the basic knowledge to learn forex trading, the things need in trading forex, how to choose a reliable broker, the advantage of demo account, constant practice until you developed a winning trading strategy, the psychology of trading when you go live, and most of all how to never give up in forex trading until you made a good results (maybe a $1,000,000 profits or more).
A. Prepare Things Needed
You need to have the following things needed to trade forex such as;
- fast internet connection
- phone and personal computer or laptop
- meta trader 4 and meta trader 5 software in phone and PC
- trading capital
- initial balance
- and guts to do whatever it takes to succeed in this business
B. Learn Forex Trading
After you (or while you are preparing the things needed to start a forex trading business), you must learn forex trading. Learn the fundamentals, how trading currency works, how to trade using the software or trading platform, reading candlestick patterns, volatility, best forex pairs to trade, best time to trade, which session and active pairs to trade, (London, New York, Sydney, Tokyo)etc.
You can learn forex trading using the internet or via ebook PDF, just search on google about the basics of forex trading and how forex trading works. Also, you can ask professional and successful forex traders on forums, telegram channels, facebook groups, emails, watch Youtube videos related to forex tradings, read blogs focus on forex trading such as the babypips.com
Or you can email us and we will teach you all we know with a charge of $2,500, kindly email us at ai_kem@yahoo.com
C. Choose a Reliable Forex Broker
In choosing a forex broker, you must consider the following. The age of brokers in the industry, the feedback of its clients, the platform used (capable to use MT4 or Mt5 latest version without interruption), 24/7 great customer service, easy and many options to withdraw and deposit funds.
To have a great idea, read how to choose a forex broker to start your own forex trading business. If you have a Bitcoins earned in cloud mining, you can use Bitcoin to fund your forex trading account, and it is an advantage since Bitcoin was now accepted by mass.
D. Practice Using Demo Account to Familiarize the Trading Platform
Okay, after yo decide which forex brokers to use, open a demo account and find out how it works. Install a Meta Trader 4 or Meta Trader 5 in your phone or personal computer or laptop. Login using your ID and password using specific server gave to you by your broker.
Open a chart of your preferred currencies to trade like USDJPY, EURUSD, GBPUSD, USDCHF, etc, then just enter a buy or sell. Execute an order. Just to find out how the platform works.
E. Constant Practice in Forex Trading Execution
When you are familiar with the platform on how to execute buy order, sell order, inserting stop loss and inserting take profits, adjusting stop loss, adjusting take profits, trailing stops, buy limit, sell limits, etc., then just practice.
Constant practice makes perfect. Now it’s time to develop a winning forex trading strategy. Without a system, just like in any traditiona business, the business will get to nowhere. So develop a system, a forex trading strategy.
F. Develop a Winning and Profitable Forex Trading Strategy
Note. A forex trading strategy is a strategy that a trader use as a criteria before he enters a trade. If the strategy he developed did not matched to his trades, he may win or lose. But he don’t know what went wrong.
Strategy in forex trading is very important. As if in a war, even if you have the best weapon, you have the knowledge, the initial capital, the skills, but no strategy, don’t expect good results.
A soldier trained. An army trained. A marine corps trained. They trained psychology, physically and mentally before they go to war. But before they will go to a battlefield, they have rules and laws to follow. They were oriented what to do and what not to do. They have a master plan, YES! They have strategy! It’s not how they win the war, it is if they will go home alive that matters.
G. Go Live, Trade Live, Trade Forex Using real Money
If you think you are sharper than a Sniper, then go live. But make sure you have to know how to protect your life. In forex trading, your account balance is your life. No balance, no weapon to use. If you were hit 10 times but still alive at 11th, then you have the chance to survive.
A war is risky. A forex trading is risky. You may win or lose. You may lose $1,000 and tomorrow you may win $100,000 and next month you generate $1,000,000. Therefore, protect your account balance to survive.
H. Never Give Up
Soldiers, navy, marine corps, army were trained so hard. They never give up. That’s why they called as “soldiers”, a warrior never give up. There are many times you may feel frustrated because of your losing trades, trade again anyway.
Sometimes you lose $100 in 30 minutes, trade anyway. Sometimes, you may feel lonely because your world is only at 9 square meters room. Trade anyway. You will win on this game as long as you never give up! Just trade, trade and trade until you find out what went worng and what went right. Keep doing what went right until you achieve your ultimate goal – financial freedom. Don’t trade for the sake of making profits, trade for freedom!
Think about this, what would you feel when you are travelling around the world. No boss, no worries, only peace of mind, happiness, good health, prosperity, abundance and enjoyment? It is very possible in forex trading business. I knew a lot of forex traders who are just traveling, they trade forex while they travel in their favorite places or in the places they never been to. They make a lot of money while they are enjoying their life. Wow, that’s awesome.
Be passionate on what you do, love forex trading business. Love what you do. Be happy when you are in front of your charts. That’s your life, be happy on this business and the money will automatically follow.
To sum up, on how to start a forex trading business, you must first prepare the things needed especially your mindset (soldiers were trained and equipped with skills to survive before they enter the war game), equipped yourself a trading skills before entering this money game called “forex trading business”. Second, learn forex trading business, devote some time to learn how to trade fundametally, to trade forex in technical way, to read charts, to undertsand patterns, to understand candlestick, etc.
Third. Behind a successful forex trader is a reliable forex broker. Choose one, spend time to read reviews about your preferred broker.
Practice using demo accounts and develop a winning forex trading strategy before you use live or real money. And of course, never give up!
Learn Forex Trading Business the Easy Way Offered by InvestmentTotal.com
Things to learn;
- Forex Trading Knolwedge and Skills
- Using Meta Trader Platforms
- Inserting Indicators and Expert Advisors
- Executing a Trade
- Fundamental and Technical Analysis
- Basics of Candlesticks
- Collections of Strategies
- Solid Forex Trading Education
- No Nonsense Talks and Tutorials
- Books, PDFs, Tutorial Videos, etc.
- Sharing Reliable Expert Advisors we used.
- Tricks We use to spot great opportunities in the forex market.
Charge: $2,500.00 Only! One time payment via PayPal, Western Union, Skrill, or Bank to Bank Transactions and any other remittances. We will always be happy to teach other people to start their own forex trading business. Learn Via Chat, in Person, or via email. Modular topics per week in 1 month. 24/7 high quality customer service. Plus high quality trading signals every day to start in your forex trading business.
For more information, kindly email us at ai_kem@yahoo.com, call us at +63.947.278.8250. Thank you!
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