99.9% of "online courses" are worthless. If you know how to make money in real estate, or trading forex, you do it, you don't give up your edge by teaching others how to do it
Lots of people think these courses are useful. They aren't. Most of them are hype, just trying to get you to buy more nonsense as opposed to actually teaching you something useful. If I know how to make millions selling real estate, I'm going to sell real estate. Yet I'm not going to teach seminars at $2 thousand per person. Even if I did , that would raise my competition. How come I would do that?
How come you guys are making tons of money while almost everyone at r/trading, r/daytrading, r/forex, r/algotrading, seems to be loosing money?
I'd just like to begin by saying that I'm not a real trader. I've only been trading for a year and most of it on a paper money account and a $500 test account that I almost blew up. I'm still not profitable and I have a long way to go. I've only been trading a few stocks and a few forex pairs, so I have no experience with options, hell, I don't even understand how options work (I haven't done any extensive research yet), but I see that a lot of you guys are making tons of money trading options. Are options a magical money printing machine? Are you really good with technical and fundamental analysis? Why is it that almost every trader on trading, daytrading, forex, looses money while you are making tons of money? I hope this doesn't get downvoted, I'm really curious as to why this seems to be the case. I just want to become a good and serious trader, I'm just beginning this journey and I know I have a long road ahead.
Learn How To Trade Forex - Can A Beginner Make Money In Forex Trading?
Introduction Contrary to what every Forex 'expert' out there would have you believe, it's not easy to learn how to trade Forex at all. Trading Forex is one of the most challenging skills you can ever set out to learn, which is especially daunting if you're a beginner just starting out to learn how to trade Forex. If you're finding it hard to learn how to trade Forex successfully right now, you're probably wondering: "Can a beginner make money in Forex trading?" By the end of this article, you'll know what you can do to make money in Forex trading right now. Can A Beginner Make Money In Forex Trading? If you have a look around the many Forex websites, forums, seminars and magazines, it seems like everyone's making millions of dollars trading Forex! The thing is, Forex traders love to talk about their winning trades and make themselves out to be wildly profitable traders, but the reality is that only 5% of Forex traders are consistently making money. Yes, even a beginner can make money in Forex trading, but there's a big difference between making money in Forex and making a full time income, achieving financial freedom, and building wealth through Forex. What Stops Beginners From Making An Income So what's stopping beginners from making a consistent, long term income from trading Forex? Well, unlike the professional Forex traders working for the big banks and hedge funds, most beginner traders learning to trade Forex aren't paid a full time salary to immerse themselves in the markets. If you're just starting out in Forex, then you've probably got a full time job that you spend at least 8 hours a day on, and a family and social life outside of that. That means that you have a very real shortage of time to get yourself to the level where you can trade like a pro, and believe me, it takes a lot of time and consistent effort. It takes years of study, practice and real experience in the markets to learn how to trade Forex successfully, and get to the level where you can consistently make money in Forex trading. Not to mention that you'll be taking on, for all intents and purposes, an unpaid part time job that will chain you to your computer while you are trading. It's something that will alienate you from your social circle, and put considerable strain on your family relationships as well. It's no wonder that most traders wanting to learn how to trade Forex will give up within 3 months, and never make money in Forex trading. What You Can Do To Make Money In Forex Trading Now So what can you do to make money in Forex trading right now? The best shortcut I know is to buy a proven Forex trading system to do your trading for you. I'm not going to look you in the eye and tell you that you can just go out there and pick any system and make millions, because that's simply not true. Profitable trading systems are rare, and you need to choose very carefully. That said, if you can find a trading system that works, you can overcome the biggest challenges any trader faces while they learn how to trade Forex. You'll be able to gain valuable Forex market experience, preserve your personal relationships and most importantly make money in Forex trading while you learn how to trade Forex. When you've built up the capital and income of your Forex systems operation, and have gathered up valuable trading experience, you may decide to try out trading Forex for yourself. Regardless of whether you trade with an automatic Forex system in the short, medium or long term, it's a powerful solution that will enable you to make money in Forex trading even if you're a beginner.
To make money in Forex, look online to find a broker with good reviews who’s registered with the U.S. Commodities Futures Trading Commission. Then, use a practice account to learn how to trade without risking any money. Look at historical charts and try to find patterns that might predict currency movements. How do Forex Brokers Make Money Now that you know what Forex brokers are and their main types, let’s take a look at how they make their money. In essence, the major source of a broker’s income is the spread, followed by other sources of revenue such as commissions/fees, trading platforms and additional services. Here are 10 tips to help aspiring traders avoid losing money and stay in the game in the competitive world of forex trading. Do Your Homework Just because forex is easy to get into doesn’t mean ... Great advice to newbs dude. Focusing on fundamentals is key in forex, (no offense technicians) as it is with any form of investing, although technical indicators are useful also, (MACD, and CBOE VIX) As you stated, you can make money in forex with time and dedication. Even so, with a decent win rate and risk/reward ratio, a dedicated forex day trader with a decent strategy can make between 5% and 15% a month thanks to leverage. Also remember, you don't need much capital to get started; $500 to $1,000 is usually enough.
Forex For Beginners PART 3: How to Make Money Using ...
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