Become a Profitable Forex Trader in 5 Easy Steps

From the desk of Nikos Mermigas & Dr. Jeff Wilde: Dear Fellow Trader, If you're reading this then you most likely fit into 3 categories 1. You've tried a lot of systems and software and despite countless hours of study, you're still having trouble making money on a regular basis.

Daily interaction in his Facebook Group He calls his trades live, shares his results AND records a weekly trade analysis video. What i also enjoy the most, is Mr Brown willingness to help and answer all questions for clarity. Should you be using Robinhood? Customers who bought this item also bought. Do you provide any training in person?

Successful Forex Trader and Online traders

I always emphasize on this fact that making money through Forex trading is not as hard and complicated as what novice traders think. Almost all of those who start trading Forex, have a mentality and mindset from their past experiences. They “believe” that making money is too hard, because most.

Spartan Forex Trader Workshops Overview: The Secret Strategies Workshop is a very special event as we shared several trading techniques that we never covered befotre. What was revealed can give you hundreds of new trades a week and best of all they will be highly accurate.

I Want To Know More: The Billion Dollar Trader workshop focuses on a few techniques used by some of the worlds wealthiest hedge fund traders.

You'll never look at the markets the same again. Renko trading really helps to filter out the bad trades which in turn will boost your confidence. This is your chance to look over the shoulder of a professional fund manager. Don't miss this one Become A "1-Market Expert" is designed to conquer a traders biggest problem. Too many things to focus on which leads to confusion, indecision and inability to take action.

Learn how to pinpoint profitable trades with speed and ease. The Fearless Trader workshop combines the best of both worlds. You see, a system will only work with a high level of confidence level and emotional control. What Are You Waiting For? We really look forward to working with you and know that you'll benefit greatly in the weeks and months ahead. We've spent thousands of hours in the "Trading Trenches" and can save you years of wasted money and effort.

The greatest investment you can make is in yourself. Stop wasting time trying to figure this out on your own and let us show you step by step what to do. Will your training sessions really help me? I've tried many programs and still stuck. Aw long as you put in some time to study, there is no way that you won't improve your trading skills. We know exactly what works and what is a waste of your time and money.

What's more, we know how to quickly he a trader past their "Hidden" sticking points. You have quite a few programs to choose from? Which one is best?

Please understand that one isn't better than the other. Each one focuses on different trading techniques and market behavior. Depending on your experience and trading style will determine which is best suited for you. I see that you offer replays of past workshops.

Will they be as effecttive as attending a live event? Even after you narrow the group down to one final candidate, you may want to start off slow with a small deposit and small trade positions to validate your initial findings. There is no reason to rush. There will always be trading opportunities around the corner. There are four aspects you want to examine to make sure your money is safe: Domicile , Regulation , Reputation, and Funding. If the domicile of your forex broker is in a major country with well-developed financial regulation, this legal infrastructure can often help you recover your funds if problems arise.

Make sure to double-check the domicile of the company even if the address looks reputable. Sending your money to an online forex broker based in less well-regulated places like the Bahamas or Panama may not be in your best interests. Trying to exert your legal rights in a foreign jurisdiction can be a daunting task, especially if there is no regulatory oversight in the background to support your effort. Avoiding forex brokers with a dubious base of operations will actually help narrow down considerably the search for a reputable broker!

And you want to save time, right? The second security signal to check is whether the broker is regulated or not. You should be aware that opening an account with a forex broker who has taken the trouble to register with a regulatory agency — while a very good idea — will still not guarantee that the company is legitimate or that your trading funds are safe.

To conclude, you should always choose a regulated broker. Be sure to check the Internet for either favorable testimonials or continuing complaints about the brokers you have chosen for consideration. Especially look for reviews and comments where traders have had difficulties in withdrawing their funds. The fourth and last point when it comes to choosing a trusted broker involves the financial security of the broker. Your money will always be more secure in the hands of a forex broker with great financial backing.

The broker should be well funded, or have a trusted owner or parent company. Although all the top forex brokers represented here should be well funded, it is always a good idea to make sure one extra time. You may also want to visit the website for the regulatory body in the region. Regulators often publish annual statistics on the capital funding for their licensees and whether they are adequate or not.

You will also want your broker to hold your funds in segregated accounts at Tier-One banks. Safety and soundness are key factors when dealing with a broker. Use the chart below to compare forex brokers. Here you will find our top choices of brokers that you can trust with your money. If you want to get some more basic information on brokers, and more information on different regulatory bodies that provide oversight for forex brokers as well as articles that dig deeper into the different aspects on choosing a forex broker that we talk about on this page, you will find that in our forex broker tips section.

After you have found a broker that you think you can trust with your money, it is time to look at the offer and services you should expect from your broker. Forex brokers usually charge a commission on deals by taking part of the bid offer spread, so the tighter their spreads, the more money the trader saves. If your preferred trading strategy is more active than most, then spread margins will be more important for you.

Speed is really important when it comes to execution of orders. You should test his speed and effectiveness with a demo account with the broker you have chosen. More on demo accounts later. In some cases, the demo account may not be a good barometer.

If the speed and effectiveness is not there, then choose another broker! Does the platform need to be downloaded, as with Metatrader4, the most popular and widely used platform on the market? Some downloads are easier than others. Is the platform a proprietary design? This situation may be good or bad. Demo testing can help here, as well. It is not always easy to decide the best forex trading platform since it depends on your needs.

Are you on the go and need to access your account via an iphone or Android device? Some brokers support mobile trading. Remember, the forex market is open 24 hours a day almost 6 days a week, if you count from the opening of the week in Sydney Monday morning until closing in NY Friday afternoon. See the forex market opening times. Different time zones can impact the accessibility of customer support services.

We highly recommend that you choose a broker with hour support. These were our four most important points to review when accessing the capabilities of your prospective broker.

It also helps to be aware of the pitfalls that can occur in the forex industry. Here are a few tips that could alert you to the possibility of questionable business practices and help you to easily discard prospective brokers on your short list. There are unscrupulous brokers that will attempt to attract your interest with marketing claims that seem too good to be true. In most cases, be suspicious of claims of high returns, super tight spreads, and professional support that will help you make a fortune in forex trading.