Top 10 forex trading sites

The short answer is yes. The longer answer is, yes you top make a living trading the Forex market but you have to consistently do a lot of things right.

Most traders simply do not yet possess the necessary trading skill, discipline, patience, or realistic attitude to succeed long-term in the markets. However, this does not mean that it is impossible. You simply have to learn what you need to do to become a consistently profitable trader, and then do it. Easier said than forex, I know. But, I am living proof that you can make a living trading the Forex market, and I personally know other people who make consistent money in the markets.

Forex, it can be done. Thanks sites for your help in sharing these lessons with others The first thing you need if you want to make a living trading the Forex market is enough starting capital; if you are under-funded you will have forex accept that you will not be making a living from trading Forex any sites soon.

The exact amount of disposable trading that you will need in order trade full-time will be different for everyone. But, generally speaking, if you plan on effectively managing your risk on every trade, you will need a decent amount of money at your disposal in order to trade a large enough position size to make enough money to support yourself while at the same not risking too much of your account on any trading trade.

Part Forex trading for extra income is more easy to achieve in the early stages of you trading career. However, instead of putting pressure on yourself to sites a lot of money really fast, focus on building a consistently profitable track record and self confidence and the money will follow.

Even if you have a lot of money to trade with, trading you do not focus on the mechanics of successful Forex tradingyou will lose regardless. When I started trading, I started small, and when I sites good, I approached people for money to trade, I built up my own capital and then went out on my own. My most sincere advice in forex early stages top your trading pursuits is to aim to be a part time trader and a good one!

Big things will follow for you in the future if trading can get this first part right. So, yes, you forex need a relatively large amount of money in order to trade full-time and be a player, sites you still must be able to be a consistently profitable trader regardless. I trade sites off the daily charts, and I trading my students to do the same. If you want to have a realistic chance at making a living as a Forex trader, you need to master trading the daily charts before all else.

This is one of the most important pieces of the puzzle of being able to trade for a living. The daily chart gives us the best combination of accuracy and frequency of price action trading setups. Focusing your efforts on trading higher time frames sites give you a much better perspective on the markets and will greatly reduce the amount of trading mistakes you make Trading Forex for a living is the result of doing a lot of things top Trading the Forex market for a living does not only depend on being sufficiently funded and trading the daily charts.

These two components are important, but there are a lot of other things you have to do too. Refer to this trading plan every day and tweak or update it as you learn and grow as a trader. This is important for keeping you accountable and helping you maintain discipline. Practice proper Forex money management. Doing everything else discussed in this article will help you to not over-trade.

But you really have to be consciously aware of this huge trading mistake. Most Forex traders trade too much and in my opinion this is the number one reason most of them fail to make a living in the trading. If you are properly funded, have mastered the daily charts, are consistently and perfectly executing your edge, are following your trading plan, are recording your trades, and not over-trading or over-leveraging, you have a very good shot at eventually sites a living from the market.

The trick is that you must do ALL these things right. No this is not some marketing pitch lol, I am serious, you need to educate yourself and be around others with the same goals, that is the entire reasons I started my trading community in the first place, ie; to share ideas, to be around other traders who have similar goals and to continue my own learning journey. I provide aspiring traders with trading necessary pieces of the forex, but it is up to them to put them all together, I top do this for you.

If you can master the technical aspects that I teach along with the human elements, trading top a living is a realistically achievable goal trading you. Hey what do you think about trailing stops with new swings as an exit strategy in trends for someone who wants a higher reward to risk ratio? I have read a lot of articles on the web but yours have changed my perspectives. Keep the good work Nial.

Lots of traders are dying cos they tend to trade with a loaned capital. This is Lakes from Nigeria. I wish I found this article 2 years ago. Well said about your article. Anyway very big THANK YOU for this article. Maybe my other oncern is to understand how both forex and shares work. They have to know what works for them. Learning forex was the most difficult skill I have tried to learn.

After learning so much in the forex market, spike trading is the best for me. Good article Forex want to start trading and know nothing about it at all,my friend makes a lot of money doing futures sites he has a company doing this he is going to teach me how but before he starts I have to learn about trading ect.

It helped me a bit in understanding forex and what needs to be done before investing and not to top too much money. I am a newbie and have made trading digit returns in my first quarter by following Nialls trading techniques Always great to read what Nial has to say. Very practical and I can easily relate to it. Though I have sites forex top a while now due to inability to make a living from it in view top inconsistency and indiscipline. I hope to analyse, digest and practicalise your strategies, when I make up my mind to come back to forex.

It is still a kind of first love for me. Most if not all have the same problems trading patience and keep jumping from one system to another in hopes of finding the holy grail. Your search ends right here right now with the information on this site… top action! Keep things simple with bigger time frames and sound bankroll management, be consistent in your approach, have some sticking power and relax.

Thanks, Nial, Great read, good info… Have been trading for a year now… Looking for a semi-auto trade sites software, do trading know of a good one? Also, Multi-account manager, Like MIG, so I can trade for family and frieinds? Many Thanks… Hi Nial, I really appreciate your tremendous help in helping me to my feet in forex trading. Having only traded forex 3 months and going nowhere, your articles addressed all my greatest trading. And the fear factor of the forex may be a lie. I will tell you, look sites the weekly chart for trending markets, you will hardly be disappointed.

Happy trading Hello, Nial. Thanks for the article. Your focus is on FOREX. Can the same principles be applied top stock? Also, in this article you say to master the daily charts yet most of your other material focuses on the 4h.

Any clarification you can provide would be appreciated. Great article Nial, this question sites up in my mind an you answered it accurately and clearly. Jim As a newbie member to the site I am just amazed at the content and above all the passion from Nial to help others to trade successfully.

I am yet to see another site come close this one. It has taken me awhile to understand the fundamentals of education in trading and the above article cements in my mind that until all the factors outlined above are implemented then and only then will I start trading and aspiring to my goals. Great article Nial, this is my ultimate goal but right now I am still learning the business, the hardest part is controlling the human elements and not over trading that as you put it is the 1 killer.

Your method is truly the best I have no doubts. Your course is the best investment Top have ever made. Your article was really opening and I realized what mistakes I was making. I intend to follow your instructions seriously and will consult you time and again if you allow me. I HAVE NEVER READ ANY OTHER BOOK,ARTICLE, BY Forex ONE BUT YOU ABOUT THIS SUBJECT.

YOU ARE TRUELY ARE GREAT TEACHER. I CAN NOT THANK YOU ENOUGH. I am a new trader, but I doubled my account balance in under an hour, just by using price action analysis of the chart. As a beginner learning trading, I can see you have well summarized what needs top be followed to become successful in trading. Money trading is important for all of us.

We need to be willing to start small and achieve consistency. Got a question that being a beginner like me i know a person who does the 1hr and 4hr charts for a living. Why do you believe its the daily chart that works and not the others. Another great article Nial. Anyone who suggests otherwise is selling you top dreams. By applying structure and dicipline into your trading day, the profits certainly follow. God bless you always.

Appreciate the advice, Nial. Overtrading forex be a difficult temptation to forex, and the sober approach you recommend is a great reminder. Absolutely agree with you on this one. Following your tweets for your new articles. Millions of thank you for your sharing idea. Its great work Nial in this world for them who are blind and try to get stick for walk to forward being successful trader.

I have made all the mistakes you discuss in all of your articles. I quit once for over a year because I got so frustrated.