Learning Forex: Not so Hard After All

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If only this writer had known much earlier, how easy it was to trade in the Forex market, he would have put every effort to get into it years ago and got over the initial phase of being disheartened. Now, please note, getting into Forex and getting disheartened over your results, that is the easy part of Forex, learning about charts and MT4 and learning how to trade, and not necessarily about winning but knowing how it works is easy I think, then comes the pain and frustration. It is the mechanisms and processes involved in trading Forex which are easy, and this is distinctly different from actually earning a lot of money from your trading.

In many aspects of life, people get lucky and other people do not. Concerning this writer's early ventures into Forex, he belonged to the latter. At the outset, learning Forex can be a very daunting task, a large mountain to be conquered. With all its technical jargon and seemingly complicated charts and analyses, it does seem quite hard to understand, but is really interesting anyway.

In the early months when trying this kind of business, the author encountered a lot of unethical people causing some fairly bad experiences. I got scammed and ripped-off out of my hard earned cash, without any benefits to show for it, in hindsight I was greedy and a bit stupid. So I quit. After some conversations and with the insistence of some friends, who are doing great with their Forex trading, I decided to start again, this time with a more reputable education and mentorship program recommended by my buddies. I was still considered a beginner at that time, for in essence I had practically learned only the basics, and knew enough to understand it, but not enough to make it work, so off I went again on another learning curve, more focused than when I got involved a few years ago.

The second time around, I got lucky. I am still considered a beginner, so sure I needed to be treated like one by my new trainer and mentor. With the latter's expert guidance, I was led step by step on the road towards applied trading knowledge and using theory and practice. I started to take the necessary baby steps, without the unnecessary mistakes, I had made before, mostly because my teacher was genuinely concerned for my welfare and had a pretty clear framework of the things I needed to learn and in which order. My teachers were pretty honest about their prospect of turning me into a trader, which made the whole journey at lot more interesting for me, and I feel it gave more effort and because of this instilled confidence I definitely had much better results and successes on that journey towards prosperity in the trading profession.

I thought about a few things and though I would include them: A good teacher wants his student to succeed. It is the glory of the teacher to see his students flower once they are on their own, for their success is also his success. The Mentor usually wants a financial reward or ongoing earning from the new students training and trading as the ongoing support burden needs financing and this also motivates both parties. That's exactly how the teacher built his educational;, training and ongoing mentoring, so as I made more he made more, this seemed pretty logical to me. He is still helping me to this day.
Forex need not be complicated; all it takes is a solid grounding in the basic concepts and principles, and once the basics have been learned, flexing one's muscles to test out those fledgling wings into first a trial flight (demo accounts) into real flight, but still cautious (small live trading account). Fully fledged trader, with training wheels off (Fully funded live account)

It is worth searching for the right teacher, who will take care of the protégée, even if such mentors can be relatively difficult to find. In the search for a teacher, test the candidates well; if he keeps secrets, imposes hidden charges, or is not always available for the student, look for another. The right mentor will provide the proper guidance towards the right path, and will make everything as easy as can be. After all, the simpler Forex trading is made and delivered as a subject, the more probability there is for success, because Forex itself is simple. If one's mentor can make it that way to his student - just like the genuine mentor this trader found - then he is a mentor who's worth maintaining.

 

To know more pls visit forex education

 

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