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<strong>Quick Start Guide</strong> | <strong>Quick Start Guide</strong> | ||
So you want to be a professional forex trader? Great! ..but before reading anything else, do understand that trading for a living can be one of the hardest professions you've ever encountered. Make no mistake, the odds are against you, and the market is designed to chew you up and spit you out. | So you want to be a professional forex trader? Great! ..but before reading anything else, do understand that trading for a living can be one of the hardest professions you've ever encountered. Make no mistake, the odds are against you, and the market is designed to chew you up and spit you out. | ||
"Trading is the hardest way to make an easy living." - Anonymous | |||
However, trading can also be one of the most rewarding careers out there (both financially and intellectually.) | |||
We are stressing this because of the huge influx in 'social media' based influencers who are pitching FX trading as "easy" and requiring only a little starting capital. Often, new traders are too greedy to see such scams for what they really are; the influencer is only trying to make money off you through referrals, selling courses, mentorship, etc.. No matter what profit track record they show you (doctored images are common, but even trading software/servers can be manipulated to display fake results,) 99.99% of the time they are out to rip you off. Here's a simple logic test: If a social media guru / mentor is showing off how they can turn $100 into $50k in a few weeks, why are they working so hard to get you to fork over a few bucks for mentorship? Or a course? Or to sign up to a given broker or service? | |||
There are no shortcuts in this industry. | |||
If you're serious, and want to learn, here are the resources you need to get started: | |||
Quick Start Guide | |||
Resources | |||
Education | |||
https://www.babypips.com/learn/forex <=START HERE. THIS IS YOUR ENTRY INTO THE WORLD OF FOREX. COMPLETE THE ENTIRE SCHOOL. Despite Babypips being a 3rd party commercial resource, we will give credit where credit is due; their 'School of Pipsology' is a great example of the free and robust forex education you can find online without having to spend a dime. | |||
Lehman Brothers Foreign Exchange Training Manual | |||
Revision as of 19:24, 3 January 2021
Quick Start Guide
So you want to be a professional forex trader? Great! ..but before reading anything else, do understand that trading for a living can be one of the hardest professions you've ever encountered. Make no mistake, the odds are against you, and the market is designed to chew you up and spit you out.
"Trading is the hardest way to make an easy living." - Anonymous
However, trading can also be one of the most rewarding careers out there (both financially and intellectually.)
We are stressing this because of the huge influx in 'social media' based influencers who are pitching FX trading as "easy" and requiring only a little starting capital. Often, new traders are too greedy to see such scams for what they really are; the influencer is only trying to make money off you through referrals, selling courses, mentorship, etc.. No matter what profit track record they show you (doctored images are common, but even trading software/servers can be manipulated to display fake results,) 99.99% of the time they are out to rip you off. Here's a simple logic test: If a social media guru / mentor is showing off how they can turn $100 into $50k in a few weeks, why are they working so hard to get you to fork over a few bucks for mentorship? Or a course? Or to sign up to a given broker or service?
There are no shortcuts in this industry.
If you're serious, and want to learn, here are the resources you need to get started:
Quick Start Guide
Resources Education https://www.babypips.com/learn/forex <=START HERE. THIS IS YOUR ENTRY INTO THE WORLD OF FOREX. COMPLETE THE ENTIRE SCHOOL. Despite Babypips being a 3rd party commercial resource, we will give credit where credit is due; their 'School of Pipsology' is a great example of the free and robust forex education you can find online without having to spend a dime.
Lehman Brothers Foreign Exchange Training Manual