How To Be A Better Forex Trader – A Beginners Guide

Want to jump straight to the answer? The best forex brokers for traders are Avatrade and FXCC

The #1 Forex Trading Course is Asia Forex Mentor

Aspiring to be great at forex trading is a constant pursuit where one learns from zero knowledge through the stages of being an amateur and higher the ladder to being a pro in the trading game.

Overall, reading through, you’ll grasp what it takes to trade with high quality and not chase quantity. Also, get to learn how experts trade in comparison to newbies.

By picking on the proposals of the expertise shared here, you’ll change the way you trade as a beginner. If you are an expert, you’ll find the clear shot of the specs you require to adjust to help you make it to the hallmarks of being among the best at forex trading.

How To Be A Great Forex Trader

Many traders can master how to be better at forex trading.

Only if they follow the correct path, and that path is a hidden gem that grinds new traders so hard.

Seasoned and successful traders do not trade the markets, which separates them from newbies.

Traders do not benefit from going for formal education to become better at trading forex. If anything, formal education has little applicability in forex markets.

The best way to go about it is getting a good mentor– who knows the ins and outs of the markets. Also, getting better at forex trading takes patience and emotional intelligence.

Coincidentally, no formal school teaches you to be patient enough to handle forex trading.

From an expert’s point of view, newbie traders want to trade very fast – entering and closing trades and keeping eyes glued to screens. That is better known as trading the markets.

Seasoned FX Traders Don’t Trade The Market

Yes, they do not.

In better words, experts at forex trading who make consistent profits do not trade the markets. They somehow allow the markets to come to their regions of preference.

To elaborate further, you’ll notice new traders opening and closing trades so rapidly for its fun. No, experts never engage in that form of trading.

And that effect comes with new traders arising from how they learn trading from the current courses.

Newbie traders watch the markets constantly. They want a scenario where they open positions and close them quickly. The truth of the scenario is they should not have opened positions in the first place.

Opening many trading positions is a recipe for disaster in forex trading.

For one, you increase lot sizes unknowingly – and high lots equal to an increased risk of getting margin calls and, at extremes- blowing accounts.

Getting better at trading requires the patience to plan, study and analyze markets. It’s the price a good trader pays the markets to win.

We can also refer to it as – waiting for the forex market to come to you. And not you chasing the markets- where none is a master of them.

Markets go up and down numerous times, pointing to multiple opportunities for traders.

And to reaffirm the main point once more – a successful FX trader Never Trades the Market.

What Do Seasoned Professional Forex Traders Do Then?

Yes, a great question – So How Do Experts Approach Markets?

Get it right. Experts in the forex market sit on a computer for a very long analyzing the charts.

What are they looking for?

A setup that presents an opportunity.

An opportunity that is very, very good within the forex market charts. And I repeat- an opportunity that is very, very good.

Experts wait for markets to come to them, not them chasing the markets. They allow the opportunity to fill up-waiting patiently.

For instance, if they decide that 1.2000 is a good area to buy at a price, they will wait until the market gets to that price. Next, they do not just enter immediately but analyze further to see if it’s a good area.

An expert sits and keeps analyzing as they carry on with some other preoccupation, like reading a newspaper or another hobby or any self-improvement tasks.

If the market does not get near the area of interest, they carry on with pre-occupational tasks: fishing, relaxing on beaches, or going out with friends or family.

When the market comes to the pre-planned area, they take some more analysis before getting in. They do enter the markets calmly. Notice – they enter the markets calmly.

There’s no hurry, no emotions, or anything heart pounding.

Every step they take, they stand firm and cautious.

Agreeably, Expert and Newbie traders conform to the Tortoise and Hare analogy in that order.

So the one question here is, who are you among the two? Are you a hare? Are you a tortoise?

This is a fact that trainers should always emphasize. Be it in online training or any occasional sessions they attend to offer to coach physically.

Quality Not Quantity

Go for quality.

Take quality trades “A” and steer away from chasing quantity “B” or “C” trades.

Look at your trading style, and chances are if you are the frequent type – entering and repeatedly exiting trades, you can spot the quantity “B” or “C” trades you are taking.

Quantity trades do not help your trading in the forex market. That ends up burning your mental and emotional energies for very little income.

Learn to trade the old, slow way. That’s how industry experts do it right all the time.

In most Newbie stories, you trade like the hare – biting on every carrot that comes your way. And Sorry, you blow accounts, and it hurts!

Things change for good when you learn to trade like the tortoise – taking quality in the place of quantity trades.

Trading with quality gives so much more than the elusive quantity trades. And also, quality trading gives you way more time to

Looking back at the era of newbie trading, you spend almost all day with eyes glued to the screen.

It’s a series of stressful and nerve-wracking experiences for no good reason. Traders end up so weak with little to no profits. Or even end up blowing accounts at the tail end of everything!

You’ll notice changes when you trade correctly – chasing quality, not quantity. You get healthier.

But most importantly, you trade with no stress and free up your time to take on other things that you are interested in with your life.

Best Forex Trading Course

Investing in the Forex market might seem to be a daunting task especially if you are a beginner, and have just started exploring the Forex market. Although experience is said to be the best teacher when dealing in the Forex market, it is good to learn about the Forex market briefly before making your first investment.

There are several ways in which you can start expanding your knowledge of the stock market. You can either start reading books or ask for tips from your friends or family members who have prior experience of trading on the Forex platform. However, the former is a time-consuming method while the latter is not always a credible learning source.

If you want to learn about investing in the Forex market that would help you gain knowledge, and tell you all you need to know about the market, then you can opt for some professional courses available on the internet. These courses are developed by Forex markets experts who have years of training Forex traders.

Now, there are thousands of courses on the internet that claim to teach you about Forex investment. However, not all of these courses are reliable and give accurate information. So which is the best Forex course for learning the ins and out’s of the Forex market?

Asia forex mentor course by Ezekiel is by far one of the best Forex learning courses on the internet, and they are one of the best learning sources if you want to expand your Forex trading knowledge.

They have been featured on multiple different leading forex platforms and Forex events happening around the world. Ezekiel’s platform is the perfect solution for you to learn because their clients include multiple trainees and bank traders from private trading institutions around the globe.

It is the number one course available on the internet because it also reaches new bank traders and has fun managing if you want to make money from trading forex stocks and other commodities.

You can get a great return on investment by indulging yourself in this systematic course. Even if you are a beginner in the field and do not have enough experience and knowledge about Forex trading, you still join this program with zero knowledge. Everything will be taught to you from scratch, and you can enroll yourself in this program right now to get started.

Check out the testimonials on the website and start your Forex trading journey right away. The good thing about this course is that you will be crystal clear about what you need to do from day one.

They are using a return on investment approach to teaching their students. It is a scientific method of beating the market, and you will not be taught this somewhere else.

Best Forex Brokers

Final Thoughts

There’s a path on how to be a good FX trader.

It takes great patience and analysis. And following it correctly makes Forex trading one of the best ways to grow incomes even in cases where you have other interests.

Trading the right way takes loads of time where you analyze charts for as long as a good opportunity takes to come up.

Trading for quality wins in the long run, so steer away from trades that score big on quantity.

Quality trading is confident trading. Quantity trading is fearful and greedy trading – where traders fail terribly at patience and analysis –  which are two critical components for succeeding.

Most new traders fail because they trade for quantity – opening many trades and closing them within short spans of time.

Expert traders win more trades by waiting patiently to run a few trades that increase the odds to win huge profits- hence they go for quality and not quantity.