Wednesday, August 1, 2018

How to train like a professional trader

Like any other professions, trading requires time for a training in order to become a consistently winning trader. Our very own Boxing Legend, Manny Pacquiao, trains very hard before he gets in the boxing ring. Michael Jordan, the greatest basketball player of all time, before he gets in the court, he trains very hard and practices every time in order for him to assure that he's hitting his shots consistently before the game starts. Doctors, Lawyers, and other professions too requires to undergo training before they get to practice their professions on the real world.

I assumed also that you have been doing the same, reading trading books and researching the markets as you won't have any idea about the markets work if you haven't read any books yet. But one more thing before beginning to trade live, that is to practice and train yourself in order to build a plan and strategy and exercise those to two things until you are winning consistently for a month or two.

In Forex, brokers give you the opportunity to open a demo account to test the waters first before you enter the live market. There are tons of good brokers online such as Pepperstone, Etoro, FXPRO and many more but I would recommend XM if you are based here in the Philippines. I have done my research about them and I also have been able to withdraw funds from them on my live account.

Below is my withdrawal of funds from my real account screenshot so to convince you that this is a legit broker.

Note: I have deleted the first few numbers of my account no. and transaction id so to protect my account.

I have been using this broker since Oct 2017 and have not encountered any problems with them up to this day. They will also provide you with a weekly webinar if you join with them and free seminars. Here is a link if you are interested to attend the free seminars and webinars. Attend the Free seminar | Attend the Free Webinar

If you have decided to open a demo account, I would recommend trading on it for a while so you would so you will avoid any losses from your hard earned money. Trade on a demo account until you will find a good system that will return a consistent earning on a monthly basis. I assure you that if you do this, then you will save a lot of time and money.

If I could go back in time, then I would have also advised my past self to do this because I have wasted a lot of money and time jumping into trading live account. One more thing, do not use loaned money so you won't struggle to pay interests and also losing from your trades at the same time. Use money from your savings that you are willing to lose and not money that you cannot afford to lose.

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