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I made $4000 from $50 in less than 20 days
By owning a valuable resource, you will handle it much better than if you were able to put $50 in the account scale it along the way, and grow very quickly as if you saved it, you would take the time to save $11,000. You will treat that $1,000 like it’s a million dollars, and you will be careful. Extremely, you will be very conscious about the move you make, and you will make sure that you follow all of your rules so that you are aware of the risks you are taking.
My technical analysis in Forex is the path to success
As a commodity trading advisor registered with the National Futures Association, I create clip articles that explain how I approach the market and my technical analysis and then I also share tips and tools on navigating these streets of Forex in articles today. I just want to talk about how to approach Forex if you are starting over now, you have done a job article About this a few months ago and a lot has happened over the past six or seven months in the Forex industry.
So if you’re having trouble or if you’re new to this area, if you live in the United States, going to support companies is pretty much a no-go, there are some support companies now that will allow you to trade, but I just want to be transparent with you, and it’s up to you. It’s up to you to decide whether you want to continue pursuing it or not, but under the regulatory body, you’ve all just learned. I have just learned in the last few months that support companies in the US are not legal.
There are now some supporting Forex companies that will allow you to trade
That’s why I stopped promoting support companies because as I said, I learned by myself all the routines and all the guidelines and what is and what is not allowed in this field, so I made this…article A while ago I talked about how I would approach learning forex trading if I was new to the field.
Now I support great companies, they allow traders to be able to make profits that they probably wouldn’t have made so quickly on their accounts and they’ve done that simply by giving you access to more capital for trading, I’ve advised on that Time that people should look into support companies which I thought was a great way to start.
Why What skill set have you learned if you trade Forex?
I would be a little upset if I learned the skill set if I traded on the account and then for some reason, you know there’s no guarantee that I’m going to get my money back, I have friends who I’ve gone through this, I have family members who have gone through it, and that’s not a good feeling at all, so I highly encourage you guys to work on building your account as well if you choose to continue trading with a supporting company account.
Okay, but also grow your stuff, so I talked about that in the clip article Another where I advised that you should grow your small account as well, and it doesn’t necessarily have to be small but my thought process is you know that those of you guys who work and contribute to a 401k treat it just the same.
You know, put $2550 and $100 per paycheck in it whatever you can afford, and keep growing that account, US brokers that work only allow a minimum of $200 so put the money aside in the account, and when you reach the minimum deposit into your brokerage account As you continue to grow in this space.
Always looking to build in this area
I said it before, I will trade until I can’t see or my hands can’t make it work means this is a lifelong commitment for me and I’m looking to grow in this area and I’m looking to build in this area and I think that’s the position we should take, it’s funny I get comments from people and they’re like, You know I came in late like you didn’t come in too late.
Some changes are happening and honestly, my opinion is for a lot of traders who have been facing the challenges of support companies, you have to pay these fees upfront uh for a lot of companies, there are a lot of people who don’t succeed and so I honestly think that’s good in the long run for traders For those who had great success with accounts who were making money and who were profitable we would have a different opinion.
But for the majority of people who are learning how to trade or learning how to master this space, I think it’s a good look, one of the things we talked about is that discipline is very important in this space and I think what’s happened over the last couple of months gives people the opportunity to exercise those muscles, You know we’re all about discipline and discipline.
Summary
If we don’t have the opportunity to build that discipline, what are we going to do, my advice would be in the current environment that we live in you have to have discipline and you have to have rules that you follow when you decide what to implement and what not to implement, so the most important thing I think well That’s two of the most important things, the two most important things that I think you’re going to need to be successful in forex trading in this current environment, am I harp on that a lot and that’s risk management, and now I have a tool that you can use but I think people need it to understand how to do these processes. Arithmetic.