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How to become a sophisticated forex trader?

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2:56 am
July 30, 2013



posts 27

The best way to become a sophisticated AND professional Forex trader is to seek the best Forex education possible. I'm a full time Forex trader and I have found that the following are the most important factors that affect a Forex trader's success:

1) Money management: You must use strict money management and that makes sense. For example only use risk to reward ratios that are equal or higher than 2:1 

2) Use a trading plan: a trading plan is your road-map to trading success, without one you are going to have a hard time as a trader.

3) Learn about your trading style and personality: every person is different and what works for someone might not work for you. You need to find trading strategies that will fit your trading style and unique financial situation.

4) Be a student: all the successful Forex traders I know ( including me) are always learning something new about the markets and so should you! 

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