Do You Want To Be Mentored By Professional Forex Traders For Just $1.66 A Day? http://40d17j-dl5m7d127si03weyg3z.hop.clickbank.net/?tid=CP1

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Do You Want To Be Mentored By Professional Forex Traders For Just $1.66 A Day?
http://40d17j-dl5m7d127si03weyg3z.hop.clickbank.net/?tid=CP1
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According to one veteran trader, forex education can take anywhere from a few months to 3 years,
depending on a person's level of experience or aptitude.
That's quite a learning curve and plenty of time for despondency to set in from your partner or
family members as they see you sat in front of a computer screen hour after hour, and no money
coming in as a result of your efforts.
Thankfully there are simple steps you can take to cut the learning curve in half.
If you are an absolute beginner and know nothing about the Forex, then you need to spend a few
hours reading up on Forex basics, educating yourself on the terminology and how the market
works.
Then open a demo account with an online broker and devote a few days to getting thoroughly
familiar with your trading platform and charting package.
Learn the various menu options and how to put in entry orders quickly, setting your entry point,
stops and limits so the procedure becomes second nature.
Once you have laid that foundation you can now starting moving up the learning ladder. The
following suggestions will significantly reduce the time it takes to become a profitable trader:
1. Invest in a Forex education package
Not all Forex education materials are born equal. A lot of what is out on the internet is full of 'fluff'
and 'filler', written by people who deal with theory but do not actually trade themselves.
So in choosing a Forex education package be sure the people behind it are professional traders
themselves with a successful track record. Often, by putting the name of the Forex education
course in Google you can check out forums and user comments which can be revealing.
2. Maintain an ongoing Forex education
Once you have gone through your Forex education course once you need to do it again and
again. In other words, you have an ongoing Forex education. Why is it important to go through the
coarse materials a number of times?
Because there is so much information it is not possible for the brain to absorb it all at once. As you
practice and develop as a trader, information you previously read which didn't make much sense

2. at the time, will now take on new meaning as you associate it with actual trading scenarios you
may have had as you progress in trading.
3. Take notes and create a diary
This is a biggie! Every successful trader I know has made a record, taking note of their good
trades and losing trades as they gain experience. True, it involves work and effort. But in the long
run, this single step alone will significantly cut down your learning curve.
Without taking notes and doing a post-mortem on your trades, you can go on repeating the same
mistakes over and over. This is time consuming, frustrating, and exhausting. By keeping a record
you are able to identify patterns of trading behavior you need to correct.
These days with free screen capture utilities available on the net, you can just save a gif or jpg
image of your charting screen, print it off, and write notes all over it, highlighting features on the
chart that made you do what you did.
Going back over these print outs and learning from them is a very, very powerful method for
bringing you up to speed as a successful trader.
4. Keep studying the charts
There is no short cut for this. You will need to spend hours going over the charts, identifying
patterns, trends, support & resistance lines etc. The more time you spend doing this, the
quicker you will develop a feel for the market.
After much practice these elements will jump out at you every time you just glance at a chart.
That's the stage you want to reach, instant recognition.
Rather than blindly continuing day after day, practicing in a demo account and getting nowhere:
Invest in a professional Forex education course
Maintain an ongoing education by repeat readings
Keep records and carefully analyze your trades
Invest time in developing instant chart pattern recognition
These four key points, when applied, will give focus and direction to your Forex education and
your learning curve will be significantly reduced.
Why not explain to your partner or other family members your program or plan of action so they
know what to expect?
Help them realize this business involves a large investment of time and energy until the skills are
acquired and with perseverance and application your Forex education will result in a substantial
income.

3. If you are looking for a comprehensive Forex education with mentoring from professionals check
this:
http://www.vitalstop.com/Forex/forex-education.html
For a free candle & chart pattern recognition reference tool click here:
http://www.vitalstop.com/Forex/Candle-Chart-Patterns
For the best free economic calendars plus a free pivot point calculator and Fibonacci calculator
click here:
http://www.vitalstop.com/Forex/tools.html
Article Source:
http://EzineArticles.com/?expert=Michael_A_Jones
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Do You Want To Be Mentored By Professional Forex Traders For Just $1.66 A Day?
http://40d17j-dl5m7d127si03weyg3z.hop.clickbank.net/?tid=CP1
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