Price Action Forex Trader

A lot of people trying to become profitable Forex traders are going about it all wrong.  This error is easy to make because it seems logical.   The truth is, learning everything about Forex and trading is not the way to become a good trader.  The route to trading success is not found by learning more systems, methods and techniques, but by practicing what they already know and developing the skills needed to trade successfully.

It seems logical that if you know more about Forex, you should make more money trading Forex, but that is not necessarily true.  There comes a time when too much knowledge makes your trading frustrating and overly complex. You add so many different methods and techniques to your system that it becomes very hard to trade.  Or, you lose confidence in your trade setups because you have so much conflicting information.  Confusing yourself and not having the confidence to place the trade is not the way to make your account balance grow.

There are so many ways to trade Forex, your education could last a lifetime.  But the good news is, you don’t need to know everything about Forex to succeed, and you shouldn’t even try. Mastering a simple trading system and mastering your emotions while trading through systematic and consistent practice is all you need to do.

Simply put, to become a better trader you need to TRADE more.  And don’t be fooled, the time you spend learning is NOT considered trading.  Real trading experience only comes from placing trades in the real market under live conditions.  This is the only way to learn the finer points of the system, find out psychological trading issues you need to overcome and gain real experience in the Forex market.  You can never learn these things from reading a book, watching a video or even observing other traders trade.

Trading is skilled based.  And like all things that require skill, you need to practice, practice, practice.  Learning alone is not going to help you develop the skills you need to trade profitably.

If I wanted to teach you how to shoot a basketball, I would spend only about 5 minutes going over the technique of shooting.  Then you would spend the rest of the time practicing.  That is the only way to develop the skills necessary to make baskets.

Learning Forex is exactly the same thing. Learning the system from a book, video or mentor is the easy part and takes a relatively short time. But the process of applying what you learn needs to take place by placing trades in live market conditions.  This is the only way you are going to master the trading system and gain the experience you need to trade the system and make real money.

Becoming a profitable Forex trader is a process of learning AND practicing. Join Forex Insider Pips to follow the method of becoming a profitable Forex trader.  I’ll reveal real actions steps you need to take to go from just learning about Forex, to actually profiting from the trading.