Foreign Currency Exchange Trading Tips A Day in the Life of a Forex Tr

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Foreign Currency Exchange Trading Tips: A Day in the Life of a Forex Trader. :

Foreign Currency Exchange Trading Tips: A Day in the Life of a Forex Trader. By: Jay Molina From: http://myfxventure.com/

Slide 2:

Trading the Forex is a journey of self discovery and self discipline. Personally, my life changed drastically when I become a Forex trader. I realized that the world was not what they told me as a young man it was. I was taught by my parents (and society) that you go to school, then get a job (a 9 to 5 job), and then achieve your dreams. First of all, when I first started to work I realized it was not that easy to make money and get ahead in life. Eventually I stumbled upon Forex trading, and ever since I became a trader my life changed and I have never looked back.

Slide 3:

In this foreign currency exchange trading article I will discuss how successful Forex traders organize their days to get the most out of their time. Setting goals for each trading day: Pro traders set up daily goals and define what they would like to accomplish each day. To become profitable and consistent you need to set up achievable goals, create a plan to achieve those goals, and especially follow through. Following a routine is crucial: Full time and highly profitable traders are extremely disciplined and have a consistent system that they follow everyday to analyze the markets and find new trading opportunities. I have my own and you need to get and develop yours if you are serious about making money in the Forex.

Slide 4:

Adapting to the changes that Forex will bring to your life is vital: In my case Forex changed my life drastically (let me emphasize that most of the changes have been good). I don’t work in a strict schedule anymore; I make my schedule and work and trade when I want to work. I’m also able to work from wherever I want to work. Ever since I started my trading career I have been in over 20 different vacation destinations including Miami, Daytona Beach, Tampa Bay, Costa Rica, the Caribbean beaches, Siesta Key (rated in the top 10 best beaches in America) and many other more. I am not saying this to brag but to give you a real life example of what Forex trading could do for you.

Slide 5:

One of the few disadvantages I have experienced is that sometimes I need to trade the market at unusual days and hours (sometimes I trade on Sundays night). However, the benefits totally outweigh the disadvantages. The bottom line is that once you become an FX trader your life will change in many positive ways and accepting these changes will be crucial to make a successful transition from a normal life to a Forex trader’s life. Controlling your emotions and making rational trading decisions is a must: Full time traders (including me) are always in control of their emotions and they always keep their head cold when they trade the markets. The reality of the matter is that when you let your emotions control your trading you will be more likely to commit mistakes and lose money.

Slide 6:

In the next few days I will be posting another article as part of my series of foreign currency exchange trading tips that will overview my daily trading routine. This way you can learn how I organize my trading day and how you should organize yours as well. To your trading success, Jay Molina Pro Forex Trader & Educator Don’t forget to download your free copy of my personal and fully customizable trading plan below = == > http://myfxventure.com/free-trading-plan/

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