Trading Is Easy If You Know How To Get Started
“Trading is easy (if you know how to start)”
I took the quote above from my mentor, who has laid down the basics of understanding for me about what and how to "should" trade. The following are the keys to making learning to trade forex easy. Take good notes and practice it in your daily life, so that it brings maximum benefits.
Trading is easy if you don't give up. I want to share it here. Approximately two years ago, with great enthusiasm, I also plunged into the world of forex trading. Don't think that forex trading is easy, as I (or maybe you too) imagine. The sacrifices required in the learning process are indeed not small, both the sacrifice of time, energy, and of course, capital. Frankly, I, who usually pride myself on being a fast learner, in forex trading, I really hit the rock.
It started with arrogance which resulted in a Margin Call (MC) within 2 weeks. Fortunately, then came the awareness of the need for correct understanding and the need to abandon the desire for revenge.
From the feeling of being challenged and the acknowledgment that forex was not as easy as I had imagined, enlightenment began to arise, the consequences of which required days full of "struggle": reading tons of e-books, googling here and there, asking questions (and being ignored) here and there. sob! The result? Well, that's it, what's clear is that he looks so disheveled, because of lack of sleep. However, I went through all the learning processes with an unyielding spirit and in fact I considered it a challenge in itself.
Learning Forex Trading Requires Preparation
So, for those of you who are determined to learn to trade, there are a number of things you need to understand and prepare for first, so you don't follow my way of learning which is too tortuous.
First, prepare mentally. Lah, why the mental first? Yes, if we are mentally resilient, whatever conditions we will face, we will be ready. Being a trader must have a resilient mentality. A friend of mine said, in learning to trade, just be prepared a year early to get beaten up first. That's why, prepare mentally (and just enough capital) to get battered in the first year.
Second, prepare and plan the required cash flow. The thing you need to remember is, take care of your cash flow. Don't be in a hurry to invest (deposit) large in the first year.
Usually... a (prospective) trader feels that he has mastered trading techniques with only a few "accident" opening positions that generate profits and then decides to make a relatively large deposit. Eits, wait a minute, if you don't want to retire early as a trader, resist the urge to deposit massively in the first year, especially in the first month.
From sharing the experiences of other trader friends, usually consistent results will only be achieved after someone has trading experience for more than a year. So, if you have just been learning to trade for a few months and feel that you have mastered the right way of trading and then decide to make a deposit, you should make a deposit that is not too large first.
Third, find your mentor (counselor) in this trading learning process and join a community of traders who can provide mutual encouragement, enthusiasm and share techniques and experiences in trading.
Where can we find mentors and a community of traders? It's easy. Be active in trader forums and look for traders who are more senior and willing to provide guidance. Or at least, find a discussion partner who can provide encouragement and positive input. To be honest, I was still able to survive through the first year because of the enthusiastic support from my fellow traders, especially my fellow traders at MV.
Fourth, do the learning process of forex trading with love. Halahh… how come you're so mellow like this? I mean like this..., usually... if the basis is love, then sacrifice will be felt as pleasure. Is not it?
So, with regards to learning to trade, if you are already in love with trading, then sacrifices such as staying up until 3 am to stare at charts or in the context of learning a technical indicator, won't seem like a big deal.
Trust me, successful people are people who love what they do. Study or work with passion, then you will become a passionate and successful person. Okay, the things above are just suggestions for those of you who are interested in getting involved in this trading world. I say: Welcome to the jungle, enter at your own risk! But don't worry, it's fun!