Profitable Forex Trading: The Counter-Intuitive Shortcut
Many people want to learn how to trade Forex. And that is understandable, since Forex trading can be an excellent way to make money and grow wealth over time. However, the truth is, there are so many different ways to trade Forex, and so many different aspects of it, learning how to trade profitably could take years of study to just scratch the surface. It can be quite overwhelming.
I think a better way, and a lot faster way, would be to learn by doing.
You see, learning to become a profitable Forex trader has a lot to do with learning about yourself and your emotional responses to putting money at risk, and losing money. Learning how you will deal with the inevitable losing trade can only be done through real experience. You need to put real money at risk… and experience the euphoria of winning trades and the disappointment of losing trades for yourselves.
So I want to propose something counter-intuitive. To get real experience, you must actually trade. But instead of just placing trades based on some trading strategy you find on the Internet… why not place the same trades as an already profitable Forex trader.
For example, you could join a profitable Forex signals service and follow the signals. While you would not be making the trading decisions yourself, you would be gaining real experience participating in the Forex market. And that is where the true “learning” process begins.
- You would learn the necessary skills of placing trades and using your trading platform.
- You would learn about money management and how to calculate the proper lot size.
- You would learn the value of patience, both in waiting for trade setups and waiting for trades to end once in the market.
- You would learn your emotional response to having real money at risk under live market conditions.
- You would learn a lot about yourself as a trader, identify weaknesses and truly experience what it is like to trade for yourself.
So while it might sound counter-intuitive, using a signals service to learn Forex by actually participating in the Forex market is probably the fastest way to learn not just the mechanics of trading… but about yourself as a trader as well.
You see, if you try this by coming up with the trading setups yourself, the tendency will always be to blame the strategy you are using. And if you are really honest, failing trades might be more to do with your application of the strategy, rather than the strategy itself. But there will always be some doubt.
However, if you trade by using a signals service, you are not alone. You are placing trades along with others, and more importantly, the signal provider. You will experience the growth, consolidation and drawdown that all Forex traders experience. And you will learn what is possible and what is not possible through trading.
In my opinion, this can be a huge shortcut to finding out about yourself as a trader and Forex trading as an activity to grow wealth.
I suggest you try a Forex signals service where you need to place the trades yourself, and that takes only a few minutes a day to keep up with. The best for these purposes is Forex Investing Live.http://tradetheforexmarket.com/forex/profitable-forex-trading-the-counter-intuitive-shortcut/http://tradetheforexmarket.com/wp-content/uploads/2017/01/Profitable-Forex-Trading_-The-Counter-Intuitive-Shortcut.pnghttp://tradetheforexmarket.com/wp-content/uploads/2017/01/Profitable-Forex-Trading_-The-Counter-Intuitive-Shortcut-150x150.pngBlogFeaturedForexforex end of day signals,forex investing live signals,forex signals,forex signals provider,forex signals service,set and forget forex signals