Where to start investing in forex? – Stage 1
If you think about starting to invest on the forex market, in my opinion you should know some important things first.
Above all, it will not be easy, and if you are thinking that you will earn a lot and soon you are in for a great dissapointment. The whole preparation process takes about 2-3 years. During this time, you will go over all the strategies available for free on YouTube. You’ll close your account several times and you may be one of those who simply resign and there are many such people trust me.
If you are not discouraged and you’re still thinking about making a success of yourself at Forex, then great! I want you tostudy the stages which you should pass before you can be successful in the market.
This is a very important step in the whole process and I believe you should not save on them. Proper education is essential and without it you will stay in the vicious circle. My coach, Jan Pawel Mroz of Polish Academy of NLP told me that if you want to learn something you should find person who does it best of all and learn from them. Gospel truth.
From my experience I can say that if you are planning to attend a training with forex people who are successful in the market, just take the whole package. Take all trainings wit one person or don’t take any at all. Why?
Because Traders on these trainings just give you the very basic knowledge. In other words, they share the strategies, but in order to know everything at 100% you will need to take other trainings. That’s why you have to decide either you learn 100% of everything, or learn nothing. That’s my honest opinion.
Before you choose any trainings, read the reviews of people who attended them before.
When it comes to books I personally read the English language books of well-known traders and psychologists of trading, such as Steve Ward, Shane Murphy, Doug Hirschhorn and I have no idea, which books in Poland one should read but surely this is some sort of additional knowledge, which will help you throughout the learning process.
That’s it for today. Thank you for your attention Step 2 coming soon