#Forex #HowToMakeMoneyInForex #ForexTrading

In order to become a good, proficient, or expert in a given profession, a lot of time and effort is usually dedicated unless you are some sort of prodigy. For the majority of us, it is the first one. Trading is no exception.

Before we move on trading think about doctors for a second. They go to school anywhere between 10 to 14 years. In the end, they would get a license and have a specialty in which they are supposed to be experts – eyes, brains, hearts whatever that specialty is.

So why not focus on hearts only and get over it in 5 years, if this is what you are going for?

There are less complicated and more complicated professions. Trading for good or bad falls into the second category. For most people, it doesn’t take a single strategy to master in a few weeks or months in order to become a long-term, consistently profitable trader.

Prepare yourself for a journey. You will most likely understand the basics pretty fast but don’t expect to become an expert within a few weeks or months. Remember that this is a “more complex” type of work.

The false confidence in understanding the basic idea of trading could be devastating for your investments. Having buy and sell buttons available doesn’t mean you are a trader. The idea of getting rich quickly gets under our skin and once we know how to draw triangles we believe we got it but it is really not that simple.

That complexity means you need to grasp multiple concepts and layers. Patience and persistence in your education and training are crucial to your success. There are plenty of ways to practice without any real threat to your financials – make sure to use it!

Another thing you should really use to your advantage is the internet and the free-floating information. There are plenty of sources you can get knowledge from. This is your real shortcut in trading!

Quality knowledge, skills, and other people’s mistakes served on a silver platter. Taking enormous risks is not the right shortcut to riches, trust me!

Knowing what NOT to do is as important as knowing what to do. What I mean is if you get the chance to collaborate with other experienced traders, make sure to soak every bit of information they have to offer. Learn from their mistakes.

The only way to measure whether you are improving or not is to track your performance and work. This is also the easiest way to spot repeatable mistakes and bad patterns that are starting to form. The trading journal will also show you what works. Basically, you get to statistically judge your work and make empirically-based decisions on how to improve it.

If you have questions regarding any of the forex trading analyses that we’ve generated please do not hesitate to reach out and connect with us, the more we can educate you regarding the art and science of online forex trading the better we can improve as an online trading community.

For additional forex trading information such as forex trading strategies, the best performing online trading systems along with invaluable educational articles we publish and share to our ever-growing community we invite you to visit:

- Vladimir RIbakov's Blog

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I would like to thank you for your time and I hope you found value in our video!