I started as a professional forex trader to make money, but I didn’t have a plan. Can you guess what happened? Yes, that’s right. I blew my account fast. It's a good thing it was a micro account with $100, but it would have been better if it was a demo trading account.
The way I started to trade forex is the way many of us start our trading careers. By acting on impulse without a plan on how we are going to achieve success. Unfortunately, that is not how it should be done. There is a right way to begin your trading career that you may be able to avoid two or 3 margin calls before you get warmed up.
Before I talk about the right steps to take, I want to ask all of you a question. Do you Love what you do? I remember working at my job, and I was miserable all day long. I hated my work. I finally found something that I don’t just like, but love.
Did you ever have dreams when you were young about that special career? But, it just never seemed to happen? I think to be truly fulfilled in life, you should attempt to find something that you love to do. In my case, it was trading forex and running Trading Strategy Guides website. I hope you are able to find something that is truly what you dreamed of doing. For the sake of this site, which is all about Forex Trading, you have decided you want to trade forex as your new career.
So you want to Trade Forex???
That is a great goal and I admire anyone that attempts to make this happen. But please don’t jump in without taking the necessary steps to ensure success and learn how to become a professional forex trader. Here are 3 steps that you must take in order to trade forex for a living. I am listing these in order of importance.
1. Have your financial house in order. If you are trading forex to get yourself out of a financial jam, or to make money quick because you need cash, stop right now. This is a recipe for disaster. If you don’t have the money to trade, then don’t trade. Plain and simple. I am not trying to dash your dreams, but if you begin trading with money you can’t afford to lose, then the psychological pressure will be too high and you will lose everything.
2. Find the Right Forex System. Having a system and a strategy that works is crucial to trading success. This must be figured out before going on to trade forex for a living. Take the time to find the best forex platform.
3. Turn a profit! I know people that have quit their jobs to trade and they were still losing money. Please provide for yourself a winning track record that has proven profitable over a period of time.
I hope that you have benefited from the tips on how to trade Forex for a living. I am always referring to Winners Edge Trading as a Forex Company that truly cares and desires to help. So I have decided to add financial and career coaching as a service available to Forex Traders. The truth is you don’t have your financial life in order, you will struggle. I want each of you to be able to focus 100% on trading and not have money matters on the back of your mind.
Thank you for reading!
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