Various online trading and Forex communities are jam-packed with members who declare with a high degree of certainty that trading Forex is easy. And, as mentioned in the opening of this article, Forex is hard in the sense that it requires a lot of time to develop skills and put them into practice. Those who say otherwise are typically affiliates of Forex brokers who stand to gain a commission if you sign up and start trading right away.

They are unscrupulous because they push newcomers to risk money before they have the necessary research to make informed decisions. People who push others to start trading Forex before they are ready are providing the entire industry with a disservice. By giving new traders a false sense of security and assurances of success, they are not just mentally unprepared for the fact that losing some money is inevitable.

Still, they are also financially unprepared as they blow their entire available capital by not expecting to lose some and win some. If you think that it is easy to make money on Forex, it depends on what your idea of difficulty is. For example, being a firefighter is a difficult job.

So compared to other jobs, yes, Forex is easy in the sense that it requires minimal physical exertion. But it does require vast amounts of studying, continuous self-development as well as plenty of trial and error. What makes trading Forex so difficult is the constant trial and error. You need an incredibly thick skin to stick with it. That sounds like a very discouraging success ratio.

You need to be prepared to let go of a number of your positions. Many new traders approach Forex trading in a moment of their lives when they want to make money here and now.

What do I mean by this? Humans are impulsive and emotional, especially when money is at stake. Humans can choose the wrong option in a high pressure scenario, like taking a fairly large trade. Robots would not be influenced by stress or greed, or even fear, making them much better traders.

This takes years to master. The spread of misinformation about forex over the last few years has been huge. There are now thousands of traders claiming to be real, professional traders when in reality most of them are just marketers trying to get money out of you.

The false information does slow traders growth and make the market much harder. If everyone was taught the fundamentals of risk management and how to build a comprehensive trading system, I do believe that forex trading would be easy.

The technical aspects Drawing things on the charts can be learned in a few months, that I will say. The hardest bit of trading is creating a trading plan, sticking to that plan and having a risk management strategy. The risk management and psychology aspect takes years to learn.

Beginners are typically extremely impatient and want to get started on a live account straight away. Although I admire the urgency, this is a sure fire way to blow your capital.

Discretionary trading is near enough impossible. This means, taking random trades whenever you see them without really having a plan. If done properly, your forex trading should be extremely boring and repetitive. Your only job should be to execute the plan that has already been created.

This means risking a huge amount per trade because you want larger profits. I have a whole list of firms that will give you capital here! I personally use FTMO , MyForexFunds and DT4X Trader. I quit my job early into forex trading because I had a short run of success. I thought forex trading was easy, very easy and I had cracked it. What we need to understand is that our human nervous system is created this way.

If you are a newbie and keen on learning, check out my comprehensive Forex tutorial for beginners , then move on to the practical Forex technical analysis tutorial. Get notified when a new post is published. We do not spam! Check your inbox or spam folder to confirm your subscription. Hi, my name is Luay Afouneh AKA Technician and I am here to share knowledge.

My posts are my personal thoughts and journey. Save my name, email, and website in this browser for the next time I comment. Yes, add me to your mailing list. If you searched google for the three Introduction Identifying a trend reversal in Forex is not an easy task, and will never be false proof. However, following a consistent process to I would like to invite you on a special journey in the chart and in-between candlesticks.

I will do my best to make the ride enjoyable. I will Not all forex reversal candle patterns are created equal. Some of them are more telling than others.

Nothing on this website is, or shall be deemed to constitute, financial, investment or other advice or a recommendation by us in respect of any product or service referred to on this website. The information on this website is provided for general information purposes only and should not be relied upon by you. Forex trading is known for being challenging. Even the most experienced of traders sometimes become perplexed with the unpredictable nature of forex trading.

So, is it realistic to expect that a complete beginner could learn to trade forex online? Learning to trade forex can be a lengthy process due to its complicated and unpredictable nature. However, there is a way to learn forex that allows you to begin trading online within just a few days. Click here to discover the top 3 rated copy trading platforms on the market today.

This is the global marketplace for exchanging currencies against each other. When you holiday abroad, you might take your currency and exchange it for another. This will be based on the exchange rate. When you get back home, you might take your remaining currency and exchange it back to your home currency. People across the globe trade forex, in every country of the world.

This makes forex the bigger market in the world today. There are a few different ways that you can learn to trade forex as a beginner. However, some methods are easier and quicker than others, whilst certain methods may take longer. The most common way to learn forex trading is to read up on it.

There are plenty of books and online articles which explain forex trading, including how it works, how to make forex trades and how to manage your risk.

This will include reading financial articles and checking the overnight price action on foreign markets each morning. Learning forex trading yourself in this way might seem logical but it can take years to gain the knowledge required to begin trading online successfully. Another way to learn to trade forex online as a beginner is to use a forex simulator.

There are lots of forex trading simulators out there which will allow you to test out your trading knowledge and put your skills to the test without the risks that come with actually trading. However, using a forex simulator is trial and error. Although using a forex simulator is a low-risk method of learning forex trading, it involves a lot of trial and error and can be time consuming. A micro forex account will allow you to put a small amount of money on the line to begin trading.

There are many forex training courses on the market. These courses go through the basics of trading forex, explaining how the market works, how to make trades and how to manage your risk. You may listen to experienced traders who share details of their specific trading strategies that you could adopt. Forex courses also do not give you the real-world experience of trading. They teach you the foundations of trading but you then need to work out how to apply this knowledge to online forex trading.

Real-life trading involves emotion and no amount of textbook learning can prepare you for the realities of the ever-changing forex market. Copy trading involves mimicking the trading actions of a more established trader. You simply add money into your trading account and then wait for your chosen trader to make a trade.

You can use this as an opportunity to study the markets and watch what your chosen trader chooses to do. As you gain experience, you may want to begin applying your own knowledge to your trades. When your chosen trader makes a trade, you can choose to follow or ignore their actions.

If you agree with their choice, you can mimic their trade. If you disagree, you can choose to ignore it. By carefully watching what your chosen trader does, you can quickly build up experience in forex trading whilst keeping your risks to a minimum.

Copy trading is one of the easiest ways to learn forex trading as you get hands-on experience in forex trading without the high levels of risk associated with traditional trading.

You can begin making a profit straight away whilst learning from an experienced trader. Click here to discover my top 3 rated copy trading services. With copy trading, you can learn the ropes from an experienced trader, building up your own knowledge of forex trading without needing to study graphs, read books or take big risks. You can choose from an automated copy trading service or a signal service. Automated trading bots will automatically make trades on your behalf when your chosen trader performs a trading action.

If you prefer more control over your investments, you can also opt for a signal service which sends you an alert when your chosen trader makes a trade.

You can then choose to follow or ignore the trade. With copy trading , you can gradually increase your control over your investments as you learn from the trading strategies of established forex traders. Successful copy trading relies on choosing the right copy trading platform. Discover my guide to the top 3 rated copy trading services here. It is completely possible to teach yourself to trade forex.

However, forex is an unpredictable market, leaving even the most experienced of traders perplexed occasionally. Copy trading is a great way to learn forex trading without taking on a high level of risk.

You can mimic the trading actions of a more established trader until you feel confident trading forex for yourself. Forex trading is complex and it requires an in-depth understanding of the foreign exchange market in order to be successful. You can expect to have a good understanding of forex trading within a couple years, although it can take up to a decade to become a true expert in forex.

Copy trading is a popular way to get involved with forex trading and learn from established traders without the high levels of risk typically involved with traditional forex trading. Profitable forex trading requires an in-depth understanding of the foreign exchange market which can only be gained through years of forex trading experience.

Copy trading offers a simple way to get into forex trading which lowers your level of risk. You can mimic the trading actions of a more established trader, learning about trading strategies whilst earning a profit. Rather than simply learning from textbooks or a course, copy trading allows you to get hands-on experience with forex trading without committing to high levels of risk.

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Learning forex trading yourself in this way might seem logical but it can take years to gain the knowledge required to begin trading online successfully. You can mimic the trading actions of a more established trader, learning about trading strategies whilst earning a profit. This means, taking random trades whenever you see them without really having a plan. I would like to invite you on a special journey in the chart and in-between candlesticks. With that being said, anyone coming into the industry thinking forex is easy has another thing coming. There are a few different ways that you can learn to trade forex as a beginner.

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