The roadmap to successful forex trading is, in many ways, a parallel road to success in life in general. To balance one’s life also requires a balance of often overlooked skills. These skills include mental, physical and spiritual balance and renewal. In forex trading seminar, after seminar, the so-called “soft-skills” gets mentioned only after slugging it out for 8 hours hearing discussion around ascending triangles and FOMC monetary policy. In the end, one can overcome the technical and fundamental challenges greeting new traders with time, patience and dedication. Unless one also commits to self-mastery over the mental side of trading and develops strategies to gain mental control, long-term success will be unlikely no matter what financial vehicle you chose to trade.
To Roadmap to Successful Forex Training is broken down into 4 sequential destinations:
1. Education
Education is the key to understanding the forex market and mastery of the necessary skills to become successful. There is no substitute for hard work and dedication here and no short cuts as well. The best site by far is FX Trainer. I have found no other organziation that can so effectively grow and continue to provide igh quality training as you grow as a forex trader. Their community of traders are unmatched. You get to meet traders from all levels and gain from their experiences. That is an asset no trader should be without!
2. Personal Self-Mastery
Personal mastery is bringing balance into all aspects of your life to achieve the necessary harmony which will heighten your education and bring a razor sharp mental focus to all your trading activities. Personal mastery will go a long way in developing your FX trading psychology and philosophy. Two books are must reads in this category; Think and Grow Rich and The Power of Full Engagement!
3. Forex Systems and Tools
One could be the best ditch digger, but if you only had a spoon to dig with your ditch would not be nearly as successful as another one with a back-hoe. Developing a comprehensive trading plan and philosophy will be a critical step on this portion of your journey.
4. Live Forex Trading
Demo accounts and simulated trading is good, but nothing is a substitute for live trading. It is only through live trading that you can accurately assess your skill and balance in mastery of your previous roadmap destinations. Remember, there is no such thing as failure, there is only feedback! This is a personal preference. Open as manay demo accounts as possible and go witht the broker you feel most comfortable with. Just make sure the broker is regulated by CFTC and NFA.
5. Continuous Education and Training
In forex trading, as in many aspects of life, many individuals quite before achieving their desired level of success. It has been said that, like a flower, if an individual stops growing and learning, the dying process has begun. Having a true thirst for knowledge is a guarantee formula for success.
I have dedicated my website FX Trade Central to provide a holistic approach to forex trading education. This site highlights my roadmap to Successful Forex Trading!
To Roadmap to Successful Forex Training is broken down into 4 sequential destinations:
1. Education
Education is the key to understanding the forex market and mastery of the necessary skills to become successful. There is no substitute for hard work and dedication here and no short cuts as well. The best site by far is FX Trainer. I have found no other organziation that can so effectively grow and continue to provide igh quality training as you grow as a forex trader. Their community of traders are unmatched. You get to meet traders from all levels and gain from their experiences. That is an asset no trader should be without!
2. Personal Self-Mastery
Personal mastery is bringing balance into all aspects of your life to achieve the necessary harmony which will heighten your education and bring a razor sharp mental focus to all your trading activities. Personal mastery will go a long way in developing your FX trading psychology and philosophy. Two books are must reads in this category; Think and Grow Rich and The Power of Full Engagement!
3. Forex Systems and Tools
One could be the best ditch digger, but if you only had a spoon to dig with your ditch would not be nearly as successful as another one with a back-hoe. Developing a comprehensive trading plan and philosophy will be a critical step on this portion of your journey.
4. Live Forex Trading
Demo accounts and simulated trading is good, but nothing is a substitute for live trading. It is only through live trading that you can accurately assess your skill and balance in mastery of your previous roadmap destinations. Remember, there is no such thing as failure, there is only feedback! This is a personal preference. Open as manay demo accounts as possible and go witht the broker you feel most comfortable with. Just make sure the broker is regulated by CFTC and NFA.
5. Continuous Education and Training
In forex trading, as in many aspects of life, many individuals quite before achieving their desired level of success. It has been said that, like a flower, if an individual stops growing and learning, the dying process has begun. Having a true thirst for knowledge is a guarantee formula for success.
I have dedicated my website FX Trade Central to provide a holistic approach to forex trading education. This site highlights my roadmap to Successful Forex Trading!
