The Authority’ on Price Forex useful website for learning Trading. In 2016, Nial won the Million Dollar Trader Competition.
Becoming a pro trader is going to take time and effort on your behalf, and you will probably experience some ups and downs along the way. However, you should not be discouraged, because the sooner you accept this reality, the sooner you can get on the path to becoming a professional currency trader. Consistently successful trading and professional trading might sound like the same thing, but they are not. Your aim should first be set on making consistent money each month relative to your account size, not on becoming a pro trader right out of the gate.
1,000 account like it’s a bigger account, you’ll end up blowing it out. You need to think about your trading in terms of dollars risked vs. Do you see my point here? Before you begin learning how to trade or before you open a demo account, you need to sit down with a pen and paper and make a monthly budget. OK to use that money to trade with. Step 2: Learn the basics of Forex trading Next, if you have fully accepted that you need to focus on the process of trading rather than the money, and you know you aren’t going to get rich quick on a small trading account, you should focus on actually learning to trade.